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<p>[QUOTE=&quot;mark_h, post: 1828805, member: 3726&quot;]I did the same thing 3 or 4 years ago.&nbsp; Sold all my moderns - but not all went to the local shop.&nbsp; All my silver eagles, gold and plantinum, etc - most went to the local shop and I made money on them.&nbsp; Now some of the graded modern coins were consigned to dealers&nbsp; and I made money on them.&nbsp; Example was the Smithsonian set - can&#039;t remember if it was 4 or 6 coins - but I made about $1000 on it alone.&nbsp;&nbsp; I did not track how much total.&nbsp; This was mostly proof sets, Eagles (plantinum, silver, gold), prestige sets and other modern sets.&nbsp; A lot of it was considered bullion.&nbsp; Then did offer good money on the proof coins.</p><p>&nbsp;</p><p>Now last year I consolidated even more - sold almost all my IHC collection and went through heritage.&nbsp; I tracked those coins closely - the coins that went in like the platinum auction I think I only lost maybe 5%.&nbsp; The other coins on Tuesday and Sunday had a worse performance - my total loss was around 9% for all the coins.&nbsp; Keep in mind I bought most of from various dealers.&nbsp; I was happy.</p><p>&nbsp;</p><p>I did not want to sell them on ebay - I decided to work with others.&nbsp; Now to summarize what I learned:</p><p>(1) Best return is to consign with a good seller at a fair price.&nbsp; I lost on some bad purchases and some of the coins were bought when the market was higher than it currently is.&nbsp;&nbsp; And the commission can sometimes be negotiated and it was pretty much about 5% for me. The pitfall was that sometimes it takes a while to move the coins.</p><p>(2) Using Heritage for choice coins can generate a good return.&nbsp; Just remember the sellers fee and it might take a while to get into a good auction.&nbsp; Plus heritage decided to put the more common stuff in Tuesday and sunday.&nbsp; You can work with them on the auctions and sellers fee - they dropped mine on first call.</p><p>(3) Using the local coin shop is the quickest method.&nbsp; While on my moderns I made money on some of the classic coins I lost money - no I did not track how much, but I actually felt all the offers were fair.</p><p>&nbsp;</p><p>Overall - where I lost money big time was flat out bad buys on my part.&nbsp; I don&#039;t blame the sellers - but myself.&nbsp; I think I more know now and will be better.&nbsp; While I want to reduce my loses - I know in some cases it might not be able to be avoided.&nbsp; I do like to buy some graded coins and crack them out for my albums.&nbsp;&nbsp; This is just my experience and yours maybe different. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />&nbsp; I actually found selling some of it to be fun and exciting - especially watching the heritage auctions. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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