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 Replies: 9 / Views: 2,307 |
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Pillar of the Community
Canada
5016 Posts |
I have been asked to take a look at a collection of Roman, Byzantine and British coins with the view to determining if they should be sent to Heritage for selling for if another approach is better.
Aside from such considerations of shipping (it is in Canada), sellers fee and certification costs, does Heritage have a value limit (per item or collection) below which they don't want to be bothered?
I have not seen the collection, but knowing the person and his resources, I am guessing that most items would be valued at $50 to $500, and there may be 100s but not 1000s of items. All would be well-identified; this was a real collector who had them.
I expect to see them soon so I can give more details then.
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Pillar of the Community
 Canada
5124 Posts |
We just assisted a collector in the same situation .
Won't say what major auction he finally chose for
Confidential reasons , but let's just say that they
flew in to pick it up , guaranteed the seller zero commissions
if they did NO Reserve , offered to certify it all at their cost .
We are talking a collection where NO item is valued at less
than 5 K .
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Bedrock of the Community
United States
94367 Posts |
Most interesting, thanks, not sure that addresses the OP's question. I'm sure the OP's friend is an earnest collector and has a good sense of the current market value of his collection. It is senseless to sell low value coins through Heritage. Perhaps consigning only coins valued at, say, $300 or more apiece might be an alternative approach. The OP's friend seems to be in a typical serious-but-not-wealthy collector's position when it comes time to sell. There is no straightforward way to sell a typical coin collection. even a moderately advanced one, without a considerable time investment and heavy commissions. This is why, unless you're savvy with a lot of money behind you, that coin collecting should never be considered an investment.  Edited by Coinfrog
02/28/2022 7:53 pm
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Pillar of the Community
United States
3113 Posts |
Great Collections handles items from low value to absolute rarities. Their fee structure is good. I think they get lots of eyes on their items. Just an alternative to consider if you hadn't already.
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Bedrock of the Community
United States
94367 Posts |
I love Great Collections, but unsure of how extensive their ancients bidding audience might be.
Edited by Coinfrog
03/01/2022 5:54 pm
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Pillar of the Community
 Canada
5016 Posts |
Hello, folks:
Just to add a bit more information, the collector is an older gentleman who unfortunately is in a care facility and is not able to help. I sure that this has happened a lot. The collection is being sold by his family, who I may add seem to be a decent group who have his best financial interests in mind. The collection was assembled over a period a decades so even with a good idea of the value 5 years ago (This information may or may not be available), some work will be needed to establish current value.
He certainly did not buy the coins as an investment. But investment or not, the coins must be sold, so it comes down to establishing the price and doing the work needed.
I thought about Great Collections, but I always thought that they were better for US.
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Pillar of the Community
 United States
4375 Posts |
Any reason the collection has to be sold now? I think it is more tax advantageous to sell as part of an estate (after death).
Edited by NumisEd
03/01/2022 6:22 pm
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Pillar of the Community
Canada
5016 Posts |
@numisEd, the family has decided this. It's a valid question but I'm not involved in the decision and won't be asking questions or making suggestions.
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Bedrock of the Community
United States
94367 Posts |
Guessing the family should pay for an independent appraisal from a respected dealer. There are many.
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Pillar of the Community
Canada
5124 Posts |
Frog nailed it !
That is absolutely the best advice.
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Replies: 9 / Views: 2,307 |
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Posted 02/28/2022 6:34 pm
