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choosing a coin auction house



 
 
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  #1  
Old September 15th 07, 07:26 PM posted to rec.collecting.coins
RWM
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Posts: 1
Default choosing a coin auction house

I am going to auction a large collection of Morgan dollars and some
other stuff. I have heard of Heritage and Stacks. Can anyone
recommend any other good auction houses, or anyone I should definitely
avoid?

Thanks.

Ads
  #2  
Old September 20th 07, 10:14 AM posted to rec.collecting.coins
KC Jones
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Posts: 14
Default choosing a coin auction house

On Sat, 15 Sep 2007 18:26:10 -0000, RWM pecked
furiously and spewed this bit of prattle:

I am going to auction a large collection of Morgan dollars and some
other stuff. I have heard of Heritage and Stacks. Can anyone
recommend any other good auction houses, or anyone I should definitely
avoid?

Thanks.


Hi RWM. I highly recommend David Lawrence. I sold some coins there
and while it took a while for some of them to sell, it was very easy
and hassle-free. Also, their fees are lower than Heritage. Heritage
is ok, but their fees (buyer and seller) are so high that it will eat
into your proceeds big time. Just a thought. Good Luck!

KC
  #3  
Old September 20th 07, 12:36 PM posted to rec.collecting.coins
Ira
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Posts: 550
Default choosing a coin auction house


KC Jones wrote:
On Sat, 15 Sep 2007 18:26:10 -0000, RWM pecked
furiously and spewed this bit of prattle:

I am going to auction a large collection of Morgan dollars and some
other stuff. I have heard of Heritage and Stacks. Can anyone
recommend any other good auction houses, or anyone I should definitely
avoid?

Thanks.


Hi RWM. I highly recommend David Lawrence. I sold some coins there
and while it took a while for some of them to sell, it was very easy
and hassle-free. Also, their fees are lower than Heritage. Heritage
is ok, but their fees (buyer and seller) are so high that it will eat
into your proceeds big time. Just a thought. Good Luck!

KC


On the other hand, virtually nobody promotes the auctions and the
major coins within like Heritage. If you have a collection with major
rarities and a value of over $300,000 for the collection, you might be
able to negotiate a fee of 105% of hammer, which will, of course, net
you about 10% more than the 95% of hammer which is their commonly
quoted rate.

IIRC, David Lawrence still charges a 15% buyers fee as well as most of
the the other major auction companies. For more modestly priced items,
however, if that's the composition of the collection, then I would
also recommend David Lawrence.

Ira

 




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