Selling ultra-rare coins!?!

Discussion in 'Coin Chat' started by Hunting Rare, Dec 19, 2019.

  1. Hunting Rare

    Hunting Rare Active Member

    If you were looking to sell a very rare and very valuable coin.........at auction.....and for the very first time....

    AND looking to maximize your profit of course........


    1.) Would you first have the coin slabbed in a NGC or PCGS Gold Shield slab?
    2.) Would you then try and get a CAC sticker on the slab?
    3.) What auction house would gain you the most profit? And what time of year is best?

    - Any experienced rare coin/rare variety buyers and sellers please share your wisdom and input and suggestions! :)


    Thanks, a ton!
     
    GoldFinger1969 likes this.
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  3. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    1) Yes
    2) Yes
    3) Heritage would be my first choice. There are several premier auction houses and I am sure you will hear other replies.

    Can you share your rare and very valuable coin here for opinions?
     
    GoldFinger1969 and Hunting Rare like this.
  4. Hunting Rare

    Hunting Rare Active Member

    1.) WHICH ONE?!?
     
  5. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Being that we are all coin junkies here. Whatever you have to share.
     
  6. Heavymetal

    Heavymetal Supporter! Supporter

    The coin and condition will dictate which venue is best. Show us the money!
     
  7. CoinBlazer

    CoinBlazer Numismatic Enthusiast

    Everyone will have a different opinion on whether to go with PCGS or NGC. Literally everyone here.
    CAC stickers only bring added value to certain coins and brings substantial premiums to specific areas of the market more than others
    Heritage is solid. Generally,
    the beginning of next year would be best. All the big shots will have reallocated their coin budgets, Christmas shopping is done and over with so more coin money.
     
    Hunting Rare likes this.
  8. GDJMSP

    GDJMSP Numismatist Moderator

    The answer depends on what the coin is. On some coins NGC is tougher with grades, on other coins PCGS is tougher. Knowledgeable buyers, and sellers, know this. And if they are going to spend money on a coin that is truly rare and truly valuable they often want the coin in the tougher of the two for that particular coin.

    Winter time is always the best - and time's running out, fast ! Ya gotta figure it's gonna take 2 months, maybe 3, to get the coin slabbed. And if you want CAC - add another month. And then you're gonna have to wait for the next auction, and the auction company will decide which auction will be best. And that may be 2 or even 3 or more months away. By then you're into summer - and too late for the best time. Meaning you'd have to wait for next winter.

    Now could ya rush things ? Yeah, but if it's a truly valuable coin - that's gonna cost ya, maybe a lot.

    Knowing all of this, and this depends on you and your desires of course, perhaps selling the coin outright, as it is, might be a better option for you. You'd save the slabbing cost which is going to be considerable, you'd save the auction fees which are definitely going to be around 20% - also considerable, and you'd save all the time involved. And you'd be able to do it now, in the winter which is the best time. And if it's a truly rare and valuable coin, knowledgeable buyers are not going to have a problem buying it raw. They'll fight with each other to do so.

    So you got some thinking to do.
     
  9. harley bissell

    harley bissell Well-Known Member

    Throughout life I've learned that EVERY job has three components. You can have it FAST; or you can have it GOOD or you can have it CHEAP. Generally you can pick any two but you can not pick three.
    You got lots of great input this time. The decision is yours and you could pay back by showing the folks what you are planning to sell. One of them may end up being the buyer. You'll never know.
     
  10. Collecting Nut

    Collecting Nut Borderline Hoarder

    Yes
    Yes
    Heritage Coin Auctions

    Can you please post a photo of you coin, both sides please.
     
    Randy Abercrombie likes this.
  11. Sedulous

    Sedulous New Member

    Margin factors in here. For an example, I purchased what I believe to be the 3rd or 4th rarest date-mint issue of a particular series earlier this year in Choice BU at about 3.5x less than actual value. I showed it to a couple of trusted dealers at the Chicago ANA earlier this past summer and received a return of "WOW" comments. A desirable coin where you have great margin gives you great flexibility. Say for instance, slab with PCGS' walkthrough service and get the coin back in a few days. You might pay a C-note or two here and there but it barely bites into the larger margin to give you that quick financial return. Secondly, any margin you gain can be applied to the next rare coin. The discovery of a rare item can be a challenge but that is where knowledge and persistent effort come in - seeing what someone else doesn't see (variety, FH, FSB or FB, etc). Heritage is my first choice along with PCGS Gold Shield and CAC sticker. I have one friend who believes CAC is NOT necessary in the case of one who is knowledgeable - my thoughts are that data proves otherwise.
     
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  12. Johndoe2000$

    Johndoe2000$ Well-Known Member

    Let's see the COINS !!! :arghh: :bored:
     
    C-B-D and Randy Abercrombie like this.
  13. Mountain Man

    Mountain Man Well-Known Member

  14. Mkman123

    Mkman123 Well-Known Member

    Lets see the coin OP!
     
  15. robec

    robec Junior Member

    Heritage will charge a seller's fee. Legend gives seller full hammer price, no seller's fee. I would strongly consider them.
     
    green18 and Hunting Rare like this.
  16. Jaelus

    Jaelus The Hungarian Antiquarian Supporter

    1) Yes, but which one depends on the coin
    2) It depends on the coin and the grade. If world, no. If US and it makes a price difference, and it's a PQ coin, then maybe.
    3) Heritage is a good choice for US material, for world coins there are usually better choices, but they are more work to consign with.
     
  17. Clawcoins

    Clawcoins Well-Known Member

    depends upon one's definition of "ultra rare coins"
     
  18. Collecting Nut

    Collecting Nut Borderline Hoarder

    @Sedulous Please start a new thread and post that coin.
     
  19. Mike185

    Mike185 Well-Known Member

    I don’t think there any rare coin for us to see!
     
  20. Rick Stachowski

    Rick Stachowski Well-Known Member

    I've already see the coin and know what it is .
    OP, do what I said in are last email .

    Being the finest ever found and a rare variety, you will do very good ..
     
    CoinBlazer and Hunting Rare like this.
  21. Hunting Rare

    Hunting Rare Active Member

    Will do. Although I have talked to John Wexler very recently and his health is declining pretty rapidly unfortunately, as sad as that is.

    I will have to contact him to discuss some stuff very soon. I do know for a fact that he has never seen or handled this variety in person EVER. So I'm thinking and really hoping that as a variety legend, he may be very enthusiastic and excited about this numismatic chance I'm going to give him.....

    :D
     
    GoldFinger1969 likes this.
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