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<p>[QUOTE="ddddd, post: 4951555, member: 22377"][USER=105571]@Publius2[/USER] my replies are in blue (even to the rhetorical questions <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie7" alt=":p" unselectable="on" unselectable="on" />)</p><p><br /></p><p>I don't think anyone can tell you what to do on this because we don't really know how you've weighted the priorities. From the tone and words of your post though, it sounds like you are more concerned about losing money than selling quickly (or at all).</p><p><span style="color: #4d4dff">Like many, I don't want to lose money so I have taken it slowly. However, I am open to several options (including taking a loss-haven't decided how big yet).</span></p><p><br /></p><p>Some rhetorical questions:</p><p><br /></p><p>Are you able to determine the market value of these coins? If so, where are your coins on that spectrum?</p><p><span style="color: #4d4dff">The coins are in my area of focus (silver toners). Part of the issue with toned coins is that there isn't a true guide and prices can vary dramatically based on how much someone likes the particular example. I've seen worse (in my opinion) examples sell for more but I have also seen some better examples sell in the same range. I would say the prices are closer to the top of the pricing spectrum (approximately top third). </span></p><p><br /></p><p>The fact that you had few looks on the several venues despite being there for a long time tells me that they were the wrong venues for these coins or that there is little market for them regardless of the venue. Which do you think has greater likelihood?</p><p><span style="color: #4d4dff">The toner market certainly has many players so I wouldn't say there is little market. The venues used are various forums and eBay.</span></p><p><br /></p><p>Maybe you could restart by listing them at a BIN value with a Make Offer option? This doesn't risk giving them away but signals to potential buyers that there is some wiggle room. You also get a better feel for the market. </p><p><span style="color: #4d4dff">That is a good idea and I might try it again. A few months ago, I saw a very similar example (same grade and very close toning pattern) to one of my coins listed on eBay for $1,400 (over double my asking price). At that point I ended the listing and upped the price but added a best offer (new price was still significantly lower than the $1,400). That didn't produce much interest so I dropped the best offer and lower the price back down to my break-even point. And yes I did contact the guy selling his for $1,400 to see if he wanted my example for much less (he did not).</span></p><p><br /></p><p>I often am at auctions with Starting Bids listed. Sometimes those starting bids are ridiculously high and I often see those coins treated as orphans. Whereas, sellers willing to take a chance often benefit by allowing low starts and letting native sentiments and competitive juices take over. You have to have the stomach for the risk, though. Would you rather sell or protect your investment?</p><p><span style="color: #4d4dff">The auction strategy has been considered and is still being debated. I did have luck a few times several years back with items that were bid up to the same level or even higher than the buy-it-now price. Those were both ~$100 items so it was easier to stomach the risk compared to ~$500 items. </span></p><p><br /></p><p>I guess one final thought has to do with who you are. Are you a collector who just wants to sell some stuff or are you a business? If a business and you sell at a loss, you get to deduct the loss from your business taxes which defrays the cost of the loss. I'm not a coin dealer business and might be wrong on this so someone who is might opine.</p><p><span style="color: #4d4dff">I'm a collector that sells for a few purposes: to get rid of duplicates/coins that no longer fit in my core set and to help finance the coins I do keep. </span>[/QUOTE]</p><p><br /></p>
[QUOTE="ddddd, post: 4951555, member: 22377"][USER=105571]@Publius2[/USER] my replies are in blue (even to the rhetorical questions :p) I don't think anyone can tell you what to do on this because we don't really know how you've weighted the priorities. From the tone and words of your post though, it sounds like you are more concerned about losing money than selling quickly (or at all). [COLOR=#4d4dff]Like many, I don't want to lose money so I have taken it slowly. However, I am open to several options (including taking a loss-haven't decided how big yet).[/COLOR] Some rhetorical questions: Are you able to determine the market value of these coins? If so, where are your coins on that spectrum? [COLOR=#4d4dff]The coins are in my area of focus (silver toners). Part of the issue with toned coins is that there isn't a true guide and prices can vary dramatically based on how much someone likes the particular example. I've seen worse (in my opinion) examples sell for more but I have also seen some better examples sell in the same range. I would say the prices are closer to the top of the pricing spectrum (approximately top third). [/COLOR] The fact that you had few looks on the several venues despite being there for a long time tells me that they were the wrong venues for these coins or that there is little market for them regardless of the venue. Which do you think has greater likelihood? [COLOR=#4d4dff]The toner market certainly has many players so I wouldn't say there is little market. The venues used are various forums and eBay.[/COLOR] Maybe you could restart by listing them at a BIN value with a Make Offer option? This doesn't risk giving them away but signals to potential buyers that there is some wiggle room. You also get a better feel for the market. [COLOR=#4d4dff]That is a good idea and I might try it again. A few months ago, I saw a very similar example (same grade and very close toning pattern) to one of my coins listed on eBay for $1,400 (over double my asking price). At that point I ended the listing and upped the price but added a best offer (new price was still significantly lower than the $1,400). That didn't produce much interest so I dropped the best offer and lower the price back down to my break-even point. And yes I did contact the guy selling his for $1,400 to see if he wanted my example for much less (he did not).[/COLOR] I often am at auctions with Starting Bids listed. Sometimes those starting bids are ridiculously high and I often see those coins treated as orphans. Whereas, sellers willing to take a chance often benefit by allowing low starts and letting native sentiments and competitive juices take over. You have to have the stomach for the risk, though. Would you rather sell or protect your investment? [COLOR=#4d4dff]The auction strategy has been considered and is still being debated. I did have luck a few times several years back with items that were bid up to the same level or even higher than the buy-it-now price. Those were both ~$100 items so it was easier to stomach the risk compared to ~$500 items. [/COLOR] I guess one final thought has to do with who you are. Are you a collector who just wants to sell some stuff or are you a business? If a business and you sell at a loss, you get to deduct the loss from your business taxes which defrays the cost of the loss. I'm not a coin dealer business and might be wrong on this so someone who is might opine. [COLOR=#4d4dff]I'm a collector that sells for a few purposes: to get rid of duplicates/coins that no longer fit in my core set and to help finance the coins I do keep. [/COLOR][/QUOTE]
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