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<p>[QUOTE="robp, post: 5519543, member: 96746"]The first thing to point out is that if you think you will need to sell quickly, then you really shouldn't be spending a lot of money on coins. I assume FMV is full market value, in which case what that means is a moot point. Judging by the past couple of weeks, there has been a step change in valuations with things selling for multiples of expected prices. Is this right, permanent or lunacy? It depends on your own opinion, just as the dealer/buyer/auction house will have theirs.</p><p><br /></p><p>There are a lot of variables to consider when selling. A general collection will likely do well with both dealer and auction house, but a specialised collection would be of less appeal to a dealer unless sold on commission. No dealer wants to tie up large amounts of money in a collection that is likely to contain a fair amount of similar material, the varieties of interest only to a like-minded collector. Having said that, a popular denomination is possible to sell through a dealer if the quality is there. A name always helps. It is not unknown for a collector to sell a couple of pieces in advance of consigning to auction if given an offer that is too good to turn down.</p><p><br /></p><p>If I was looking to sell a decent collection, the last place I would consider would be ebay. Put a BIN price and people think it should cost half that. Use an auction and everyone expects or hopes things will go for opening bid. There is relatively little competitive bidding, and everyone assumes they are being taken for a ride. Confidence is always the issue with ebay.[/QUOTE]</p><p><br /></p>
[QUOTE="robp, post: 5519543, member: 96746"]The first thing to point out is that if you think you will need to sell quickly, then you really shouldn't be spending a lot of money on coins. I assume FMV is full market value, in which case what that means is a moot point. Judging by the past couple of weeks, there has been a step change in valuations with things selling for multiples of expected prices. Is this right, permanent or lunacy? It depends on your own opinion, just as the dealer/buyer/auction house will have theirs. There are a lot of variables to consider when selling. A general collection will likely do well with both dealer and auction house, but a specialised collection would be of less appeal to a dealer unless sold on commission. No dealer wants to tie up large amounts of money in a collection that is likely to contain a fair amount of similar material, the varieties of interest only to a like-minded collector. Having said that, a popular denomination is possible to sell through a dealer if the quality is there. A name always helps. It is not unknown for a collector to sell a couple of pieces in advance of consigning to auction if given an offer that is too good to turn down. If I was looking to sell a decent collection, the last place I would consider would be ebay. Put a BIN price and people think it should cost half that. Use an auction and everyone expects or hopes things will go for opening bid. There is relatively little competitive bidding, and everyone assumes they are being taken for a ride. Confidence is always the issue with ebay.[/QUOTE]
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