Selling Coins to a Dealer
Posted: Thu Apr 07, 2016 1:16 pm
Hi Everyone:
I am selling off my childhood collection and need to balance a reasonable return with time and effort. I have about 1,200 items comprising Canadian and foreign coins and paper, Canadian specimen sets, uncirculated rolls, odds and ends, etc.
I have found a few dealers and am considering having them review the lot and see what happens. Any thoughts on the questions below would be greatly appreciated!!
Questions:
1. Is a typical appraisal fee? Better to go with an hourly fee or another arrangement?
2. Any recommended dealers in the Toronto area?
3. What would be a decent return from a dealer sale versus the book value presented on the site? Would you expect a dealer to offer 30% of the book value, assuming grade and condition are appropriate?
Thank you!
I am selling off my childhood collection and need to balance a reasonable return with time and effort. I have about 1,200 items comprising Canadian and foreign coins and paper, Canadian specimen sets, uncirculated rolls, odds and ends, etc.
I have found a few dealers and am considering having them review the lot and see what happens. Any thoughts on the questions below would be greatly appreciated!!
Questions:
1. Is a typical appraisal fee? Better to go with an hourly fee or another arrangement?
2. Any recommended dealers in the Toronto area?
3. What would be a decent return from a dealer sale versus the book value presented on the site? Would you expect a dealer to offer 30% of the book value, assuming grade and condition are appropriate?
Thank you!