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With today's market, what would you do?
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<p>[QUOTE="Catbert, post: 470493, member: 12718"]I am curious what fellow board members would do in this situation.</p><p> </p><p><u>Background</u>: You want to raise money to buy other coins (sooner the better), so you select a coin from the collection to do so. First, you've had it reviewed by an expert in the type and he has pointed out a few small problems with the selected coin that make you unsatisfied with retaining the piece. It is already slabbed by a major TPG.</p><p> </p><p><u>Opportunity</u>: You send the coin to a specialist who has offered three options: </p><p> </p><p>1) Consignment on his website. Fee 10% of the sales price - no charges to you for sales expenses (shipping etc.). A similar coin at a major auction house sold a slightly less nice version of same grade/variety for %25 less than what you have in the coin. Upside.....depending upon sales price, you can make money. Downside.....may not sell at the desired price point given current market.</p><p> </p><p>2) A trade credit slightly above your purchase price based on the current prices on his website without discounts; Previous experience with the dealer indicates a small reduction is possible in listed sales prices. He has a nice inventory.</p><p> </p><p>3) A check now for 17% less than what you paid for the coin. </p><p> </p><p>What would you do?[/QUOTE]</p><p><br /></p>
[QUOTE="Catbert, post: 470493, member: 12718"]I am curious what fellow board members would do in this situation. [U]Background[/U]: You want to raise money to buy other coins (sooner the better), so you select a coin from the collection to do so. First, you've had it reviewed by an expert in the type and he has pointed out a few small problems with the selected coin that make you unsatisfied with retaining the piece. It is already slabbed by a major TPG. [U]Opportunity[/U]: You send the coin to a specialist who has offered three options: 1) Consignment on his website. Fee 10% of the sales price - no charges to you for sales expenses (shipping etc.). A similar coin at a major auction house sold a slightly less nice version of same grade/variety for %25 less than what you have in the coin. Upside.....depending upon sales price, you can make money. Downside.....may not sell at the desired price point given current market. 2) A trade credit slightly above your purchase price based on the current prices on his website without discounts; Previous experience with the dealer indicates a small reduction is possible in listed sales prices. He has a nice inventory. 3) A check now for 17% less than what you paid for the coin. What would you do?[/QUOTE]
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