Selling my collection

No problem about the rule--you are new and didn't know. I agree with Doug---send them Registered Mail. I've never heared of a shippment going missing.

Speedy

 

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IMHO, you made the right decision! I would never ship that amount of coins out to a Coin Dealer unless I knew them very well and knew that their' reputation is impeccable. Even then, I would have a detailed inventory list and pictures of every coin (Obverse and Reverse), have a couple of witnesses verifying that everything on the inventory list was packed for shipping in several boxes and then ship the coins via Priority - Registered Mail with the maximum amount of Insurance on each box.

I also understand that Coin Dealers want to see the coins before they purchase them! However, due to the quantity involved, he or she should understand. If the Coin Dealer is really interested in purchasing the coins, then I believe that he or she could make an offer if you email some really good pictures of the coins that are taken in order with the inventory list that you have already sent! If they need additional, more detailed pictures of certain coins, then I am sure you could accommodate him or her. There are some Coin Dealers that ask that the coins be shipped to them in hopes that they can make a low offer which the seller will accept because they have already sent the coins, want to sell them quick and having the coins returned, would be too much of a hassle!

IMHO, take your time and sell them on eBay as you can and you should fair pretty well!

Frank

 

I m trying to "liquate my mother's coin colection. Their is a reputable dealer in town, but I would like a benchmark before agreeing to a sale. What is the approximate "mark-down" percentage from the red book value that I might expect?

 

Sometimes you can get more than the Red Book---sometimes alot less...and sometimes the same.
If you can post what kind of coins you have then maybe we can be of more help---other than that you might just try to use the ended auctions on such places as Heritage and Teletrade to find better prices.

Speedy

 

i think selling on ebay is the best. i will be buying a few of your coins myself. they seem really nice. Of course you will not know me

 

Not sure where you are but in many states there are numerous coin shows. I'm in Illinois and we have at least 3 a Month. If I were you I would check out the nearest coin shows, take several lists of what you have and pass them out to the dealers there. If these are regular coin shows like here, the same dealers will be there every time or at least mostly. Have them contact you with offers for the entire lot. Contrary to what people have been saying, modern coins are really a decent seller around here. One dealer at a place called Countryside specializes in mainly modern coins. They have books and books of them and their table is one of the busiest. I've talked to them several times and they tell me that about half of what they sell comes from rolls right from the bank. They also break up Uncirc and Proof sets and they also sell fantastically. Again, try to find any coin shows in your area. Check out Coin World for listings. Or just check out Google, Yahoo, etc. Good chance you can dump the entire thing at one time.

 

you should be able to get about 50-60% of Redbook values in most cases. A little more on key dates and a lot less on common stuff. Be aware that no dealer with a clue uses the Redbook as a price guide because it is at least a year out of date all the time and it contains intentionally inflated prices to try to compensate for how out of date it is. Remember it is a book written by dealers and it serves to sell coins more easily, and it does that by inflating their values.

 

all right i have 25 of your coins on my watchlist In my opinion its the best thing i have seen for a long time from one person. I am going to finish my design collection from your coins. I never thought i would be able to finish my collection but thanks to you it might be possible.

 

Whoa! Liquidate my Mothers coin collection? If and when mine passes and if they are passed down to me then they will have to pry them from my cold dead hands! That is something you should pass on to your children no matter the value. She must have loved coins and spent a lot of time amassing the collection and IMHO you should respect that.

 

The most reputable dealer near me normally sells at greysheet prices and buy at greysheet less 20%, assuming he wants the coin because he feels he can resell it. Oddball stuff and things so common they won't move quickly might be discounted more. This seems reasonable. Redbook isn't useful for your purposes except as a very general guide to what you might have gotten a year ago.