Do you think I would do better with Great Collections and their 95% net of sale with a BP of 12.5% or DLRC with a BP of 0% but net of only 85%. Was considering selling a few nice type uncirculated PCGS CAC coins under $400? I would consign no reserve in any case. I welcome any of your feedback. These are the coins.
Comments
The bottom line on where you’ll have the best success - absolutely pure luck! What you want are at least two buyers who really want your coin, and are willing to spend $ to get it. There’s no way to predict which site has a better chance of producing that result.
As a collector, I sell the coins from my sets that get upgraded, and I’ve used both GC and DLRC. Virtually every coin I’ve sold had a green CAC, and I’ve had mixed results from each of those two venues. Sometimes good results, sometimes disastrous. Word of caution from my limited experience - be cautious about using no reserve. I’ve done it both ways with both of those firms. Again, sometimes with good results at each firm, BUT whenever I’ve had a disastrous result from each, it was always when there was no reserve.
Finally, I strongly suggest not going with no reserve on your coins with no CAC’s, regardless of which firm you go with, especially since you’ve indicated these coins are valued at less than $400 or so. For your two coins with gold CAC’s, I think you’ll do great at either firm, even with no reserve. Coins graded by PCGS with gold CAC’s are HOT!!!!
Good luck!
Steve
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“I usually notice we put a reserve but this time I didn’t notice any reserve .”
I don’t understand what that means. If you’re the consignor, it should be your decision whether to sell reserved or unreserved. Who’s making the decisions for you?
Additionally, if a consignor sets a low reserve, it can cause some bidders to think the coin might be worth less than it actually is. On the other hand, a high (or even a relatively reasonable) reserve will cause many bidders to skip to the next lot, without a second thought.
In rare cases, I do recommend reserves, however. Among them are for esoteric coins for which the market is thin. Another instance is when a consignor is especially nervous - a reserve might be warranted, in order to give him/her some peace of mind.
The bottom line is that reserves can often result in lower (rather than higher) prices realized or no-sales.
My above comments are based upon my experiences as a bidder in numerous auctions over a long period of time, as well as my working with consignors.
Additionally, if a consignor sets a low reserve, it can cause some bidders to think the coin might be worth less than it actually is. On the other hand, a high (or even a relatively reasonable) reserve will cause many bidders to skip to the next lot, without a second thought.
In rare cases, I do recommend reserves, however. Among them are for esoteric coins for which the market is thin. Another instance is when a consignor is especially nervous - a reserve might be warranted, in order to give him/her some peace of mind.
The bottom line is that reserves can often result in lower (rather than higher) prices realized or no-sales.
My above comments are based upon my experiences as a bidder in numerous auctions over a long period of time, as well as my working with consignors.
Makes absolutely perfect sense. Thinly traded markets have different rules across most any business.
- Ian
CAC gold and all......