I have a 20c collection I am thinking of selling - complete to 2012 and in UNC to CHU grades (mostly CHU, even Gem) - including 1968, the 1981 'short claw' Canada die, all COF and all commemoratives and standard issues up to and including 2012. Most of these have come from Mint Sets and all are in capsules. While I don't expect to get catalogue prices for these, many have been purchased from the RAM as carded issues at full cost and I obviously don't want to lose too much money. I realise that the decimal market is depressed at the moment and that I have to be realistic when it comes to selling, but I would be interested to hear what people think would be a reasonable price - keeping in mind the grade of these coins. Any advice - especially from those who have been in this position - would be much appreciated!
How many coins are we talking about here ?
Do you have all the proofs as well?
I would think that selling them separately would be the best return but on eBay the charges and the paypal charges are going to eat up quite a bit .
I hunt around on eBay quite a lot and I don't think I can recall ever seeing a complete 20 cent collection for sale.
I only have about 130 different 20 cent coins in my collection so I imagine a complete set would number over 200 coins, That is quite an undertaking :good:
I don't like to be negative but whatever the method you choose you better be prepared to take a bath on them. Sell them to a dealer and you'd be lucky to get 10% of catalogue. If it was me I'd take images of the better CV coins and put those up on the 'bay individually and then sell the rest in lots the same way. Alternatively just use the buy/sell forum here and see if you can sell collection complete.
Thanks for the reply. The collection comprises some 79 coins - no proofs or silver proofs, only circulation coins. I guess that a full collection including proofs would amount to about 200 coins. I don't really want to break up this collection, so I probably won't sell separately. There are a lot of individual coins available in the market, but the prices are such that collecting separately would run to quite a sizeable amount. My thinking was that a collection might prove attractive as a whole if the price was set at the right point. It's hard to know what to do given the current market and my hope was that someone may have sold a similar lot lately and could offer some advice.
Quote from: 'eccentric' pid='39512' dateline='1389495014'The collection comprises some 79 coins
I count 61 circulating issues, including mintmark varieties. You got some NCLT in there too?
I'd start by adding up what they cost. Face or Issue prices, as appropriate. This gives you a hard 'floor' under which you don't want to descend. Then, just for fun, add up catalogue prices. This gives an unachievable 'blue sky' target figure.
My guess is if you sell as a set you might be struggling to get your floor price. Still, its nice to keep collections intact if at all possible.
Yes - sorry. I have included NCLT coins - eg Fromelles etc, that sort of thing. Thanks for the responses. I'll see how I go with the pricing and then maybe have a trial offer to see whether there is any interest.
firstly , let us know about what your expected price is , that would not leave you out of pocket and add 10 % to 20 % and start at that , just for starters , you have to start at some price , and only you can work that out , what you want for the whole set , then let us know on the forum then we can say yes or no to your price or make you an offer after we know what your expected price is ..I for one would be interested .. depending on your price ,or maybe a swap if you are interested , and maybe show a couple of pic . ,, kel ,,
OK - Thanks everyone. I'll get up a price and come back in a day or so - a bit tied up for a couple of days. Might be interested in a swap to complete my penny collection, but I'll see how I go. All replies were much appreciated.
I would sell the mint set issues and the 1967/68 uncirculated coins as a set, I sold a full set like that a while ago and got around $400-500 from memory.
The nclt I would split up and sell individually or in small sets (3-5 coins at a time) if the coins aren't worth much to avoid getting $6 for each coin of which you only get $2 once you pay postage, paypal, eay, etc fees/costs.
Alternatively myself or some other people from the forum may e interested in purchasing the set or some of the coins.
eccentric I'd pay top dollar for your collection because I know it would be exceptional.
Sell as a job lot not broken up
I know you said they are in capsules but how are they displayed? I think this is often important for a collection sold a one lot. It can appeal or just make a new collector out of someone if they are "prettied up" in an album.
I have them all displayed in 3 (red) coin trays which would be included with the sale if the collection goes as a single lot. As far as pricing goes, it is difficult to use issue values for the earlier coins as these were acquired so long ago and now have a certain rarity value over and above any basic issue price. Again, some of the commemoratives are part of multiple-coin sets or not issued for circulation. For that reason I have worked out a price based on the UNC catalogue values - although most are better than UNC - with a hefty discount that takes into account the state of the current market and the availability of single coins from various auction sites. I estimated the catalogue value at approximately $1220 (taking into account the values for the UNC 1968, the UNC 1981 'short claw', UNC 2004 'pointy A' and the mint-set-only coins). This is obviously much too high and I was thinking of a discount of say 35% which would result in a base price of around $800 for the lot. Is this flawed reasoning, or do people think this is a reasonable approach?
Open to suggestions on that.
Also, I have tried to post images, but have had no success. I go through the process successfully, but the resulting image is just a box that doesn't even produce anything when clicked. Any advice on how to overcome this problem would be most welcome (I have read all the relevant posts and reduced the sizes to below 100kb, but still no luck).
Quote from: 'eccentric' pid='39585' dateline='1389657840'Also, I have tried to post images, but have had no success. I go through the process successfully, but the resulting image is just a box that doesn't even produce anything when clicked. Any advice on how to overcome this problem would be most welcome (I have read all the relevant posts and reduced the sizes to below 100kb, but still no luck).
Email me the images (mark@thepurplepenny.com) and I'll post them for you.
Are you trying to attach images or use the gallery?
I think that expecting 65% of book value is a bit optimistic. I would think that if youre selling as a set you could be looking around the 40% (60% off) of book value.
(http://www.australian-coins.net/gallery/albums/userpics/10001/ScannedImage-7.jpg)
(http://www.australian-coins.net/gallery/albums/userpics/10001/ScannedImage-8.jpg)
Thanks for all comments. I don't think I would be happy with 60% off for the whole collection so I guess the best option would be to do as also suggested above and sell as small lots. I'll put some combinations together and see if anyone is interested. I'll try the gallery to post images this time - might have more success! Failing that, I guess it will be eBay and see what happens. Thanks again everyone for your input.
Have you sold them yet?