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marston59

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Posts posted by marston59

  1. Royal Mint Sellers 0%?

     

    Consign Your Coins to a Royal Mint Auction

     

    Are you looking to sell a coin or coins but don’t know where to start? Offering competitive selling fees, often 0%, and with a huge database of potential buyers, The Royal Mint’s Collector Services team is here to help.

    With more than 1,100 years of experience striking and selling coins, we value the importance of finding the right buyers. We know how difficult it can be to part with your coins so let us help you make sure they end up in the right hands for the right price. By consigning your coins to The Royal Mint’s auctions, you can ensure that a large, buying audience will see your coins, which will give you a better chance of selling them at a fair price.

  2. Most seem to be missing the point, the new auction platforms are only charging buyer fee, say 10%.

    These have no guarantee for the seller, it’s about time the risk was removed.

    The new platform from the TCC will protect the seller.

    The seller has a choice auction at risk but will sale, or buy now but may take time to sell.

  3. 19 hours ago, NewCoins said:

    I guess it depends on the definition of seller.

    People in all walks of life, whether it's houses, cars or whatever else, have an idea of what they think the value that something is worth.

    Sometimes the market doesn't agree with that, sometimes to disappointment.

    In those instances, you need to reevaluate what value you have apportioned to the item, and decide whether to accept the markets appraisal, or, decide not to sell it, if you think the value will improve.

    In terms of coins, I think what @BackyardBullion said is spot on.

     

    So you would be happy to sell say 2 coins you brought 2019/2020 issue price 24k for 15k a year later, because that's the current market price, the winner is the auction house and the buyer.

    The coins sold at the TCC auction where not mine. 

  4. An update from the TCC

    It’s a way forward for sellers who want a reserve set.

    We also plan to launch The Coin Cabinet marketplace this year. This will allow our clients to list items at ‘buy it now’ prices. We believe this offers a solution for one-bidder type coins that constitute a high risk (or in case the consignor uses The Coin Cabinet guarantee, our risk) in a non-reserve auction environment. To take part, items for sale will be sent to The Coin Cabinet for storage while listed on the marketplace. The commission will follow the same structure as our auction consignment.
     

  5. The TCC is an excellent platform with only 8/10% seller fees, I have brought and sold.

    But as a seller you are not in control of the price as many modern coins sell well under issue price, good for buyers.

    I have watched modern coins with an issue price of £12000 sell for £8500 with fees to be taken as well.

    That seller would not have accepted that price if offered pre auction, with a reserve and lower seller fees he would have been in control.

    A new platform with 0% seller fees a reserve and 10% buyer fees.

    This is just my way of improving conditions for sellers.

  6. 3 hours ago, louisfinlay said:

    I submit coins to ngc myself but would like to start using pcgs instead. I send my coins to ngc via Royal Mail.  I noticed on the pcgs website that they do not accept posted coins by mail. Could any of you guys who submit yourself to pcgs advise me of how to have the coins delivered to Paris?  Many thanks. 

    I use FedEx, normally about £37.00 a parcel

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