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<p>[QUOTE="coolhandred24, post: 5176078, member: 112919"]Todd: You have a nice set of coins, however you must realize by now that liquidating a coin collection for top price is often difficult. I have been collecting, buying and selling coins since the early 1960's. There are basically five ways to sell coins. They are: 1. personally listing them on web sites; 2. personally selling them at a coin show to other dealers and/or collectors; 3. selling them to a local coin dealer; 4. consigning them to a local auction and 5 consigning them to a specialized coin auction company. Each of these selling venues have pluses and minuses. The coin dealer who offered you $7400 was basically buying the gold strongly, but not valuing the earlier type adequately. The coins, although in solid collectible grades, would not be of great interest to a specialized coin auction company such as Heritage. However other auction companies handle items of this sort all the time. This type set would probably have a pre-auction estimate of $8,000-$12,000; however please understand the seller will have to pay 20-30% commission on the hammer price and the buyer normally also has to pay a "buyer's premium" or 10-28%. So if the set brings $10,000 at auction you will net approx. $7500. This is in the range of what you were initially offered by your local coin dealer. </p><p><br /></p><p>If I was selling this set I would separate the gold type set and get offers from at least 5 coin dealers. You should be able to obtain at least $7000 for the gold type. Maybe more. Then start listing the coins individually on a web site, such as eBay, but there are others. You can offer the coins at auctions or fixed prices. Get a grading book, and be conservative in your grading, but since the coins are not slabbed you must state in the listing "looks F- VF" but not third party graded. The earlier type will always be saleable, however take numerous photos. Remember these web sites, such as eBay charge listing fees, final value fees, and third party payment companies such as Paypal also charge a fee. Expect to be charged 10-15% to sell the coins on these web sites. The more modern coins although of interest for a type set really are not much more than face value. </p><p><br /></p><p>Now, here is the kicker. All of this selling activity takes time and effort and soon becomes "work." When looked at as "work" you will realize that time is money, and if you want to maximize the profit you must do the work. Good luck.[/QUOTE]</p><p><br /></p>
[QUOTE="coolhandred24, post: 5176078, member: 112919"]Todd: You have a nice set of coins, however you must realize by now that liquidating a coin collection for top price is often difficult. I have been collecting, buying and selling coins since the early 1960's. There are basically five ways to sell coins. They are: 1. personally listing them on web sites; 2. personally selling them at a coin show to other dealers and/or collectors; 3. selling them to a local coin dealer; 4. consigning them to a local auction and 5 consigning them to a specialized coin auction company. Each of these selling venues have pluses and minuses. The coin dealer who offered you $7400 was basically buying the gold strongly, but not valuing the earlier type adequately. The coins, although in solid collectible grades, would not be of great interest to a specialized coin auction company such as Heritage. However other auction companies handle items of this sort all the time. This type set would probably have a pre-auction estimate of $8,000-$12,000; however please understand the seller will have to pay 20-30% commission on the hammer price and the buyer normally also has to pay a "buyer's premium" or 10-28%. So if the set brings $10,000 at auction you will net approx. $7500. This is in the range of what you were initially offered by your local coin dealer. If I was selling this set I would separate the gold type set and get offers from at least 5 coin dealers. You should be able to obtain at least $7000 for the gold type. Maybe more. Then start listing the coins individually on a web site, such as eBay, but there are others. You can offer the coins at auctions or fixed prices. Get a grading book, and be conservative in your grading, but since the coins are not slabbed you must state in the listing "looks F- VF" but not third party graded. The earlier type will always be saleable, however take numerous photos. Remember these web sites, such as eBay charge listing fees, final value fees, and third party payment companies such as Paypal also charge a fee. Expect to be charged 10-15% to sell the coins on these web sites. The more modern coins although of interest for a type set really are not much more than face value. Now, here is the kicker. All of this selling activity takes time and effort and soon becomes "work." When looked at as "work" you will realize that time is money, and if you want to maximize the profit you must do the work. Good luck.[/QUOTE]
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