When It's Time to Sell - Summary!
- 7-20-2011
- Categorized in: Coins
Summary
It is your choice which way you choose to sell your coins. There is no right or wrong way. It is a matter of getting the best prices possible.
You can choose to sell in multiple ways over time. You can break collections up and sell your best Morgans to the specialist, your bulk circulated silver coin sets to a shop owner and put a few medals online to see what they will bring.
But remember one final bit of advice. As a collector, it is up to you to be ready to sell when the time comes. This means test your sales skills from time to time.
Even when you are most interested in buying, plan to sell a piece here and there just to see who treats you the best and who gives you the best prices.
Desirable outcomes aren’t always a given, but if you practice, the odds tilt in your favor. People change over the years as old-timers leave the business and newcomers enter. A bitter divorce might change the nature of a dealer’s business dealings. He might become less pleasant to deal with.
You might hate dealing with online buyers, but you won’t find this out if you don’t do a little advance preparation.
It is up to the collector to be ready to sell his collection when the time comes. A part of this process is to do some test runs with a few pieces over the years.
If you do that when the time comes, you will be ready to get the best prices for the collection that you have built. That is the name of the game. We collectors are merely custodians of our collections. Sooner or later, we have to give them up. A properly prepared collector will achieve the most satisfactory result.
Good luck. Now get out there and mix it up a little.
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