Where is best to sell a collection of pure gold limited edition proof coins?

[Jake Ibbo]

Hi there, 

I am new to this forum. 

Im enquiring on behalf of my step father whom has a collection of limited edition proof pure gold coins of significant value, he is now well into retirement and would like to sell these coins in order to free up some capital In order to make the most of his retirement. 

He had a company come to value the coins however would only offer him the spot price for the weight of the gold (around 15,000 pounds), however we believe them to be worth considerably more as they are limited edition in perfect condition and never been touched and we have all the boxes and authenticity paperwork still. 

The List of the coins are as follows, 

PCGS-graded 2016 '5-Portraits 90th Birthday' 1oz Proof Limited Edition

Longest Reigning Monarch Proof Sovereign Set of 3 (2g, 4g, 8g)

PCGS-graded '5-Portraits' 1oz Proof Satin Finish Limited Edition

PCGS-graded 'Remembrance Poppy' 1oz Proof Gold Limited Edition

PCGS graded 2006 American Buffalo $50 MS70

PCGS graded 2015 Proof Sovereign £1 'Long Reign' Special Edition

PCGS-graded 2015 Kangaroo MS70

PCGS-graded 2015 Philharmonic MS69

Coronation Twin Set - Set of 2 x Proof Full Sovereigns

Would anyone be able to provide me with some advise on where would be the best place to sell these coins please? 

Any help would be greatly appreciated.

Thank you 

Jake 

[Paddy]

As no one else has responded, I will do my best. Gold, particularly modern gold, is not my speciality.

First of all, welcome to the forum. I  hope you  stick around once this particular query is resolved.

I am not surprised the dealer company you spoke to offered only gold spot price. That is the default solution for most coin dealers and jewellery outlets as that way they are covered if the goods prove unsaleable at a premium.

If you want to sell them as one lot, a dealer is the most likely option, unless you can locate a collector with deep pockets who wants all of them. You will get better value by breaking the collection up and selling pieces individually. There are two main ways of doing this:

1. The easy way is to use an auction house specialising in coin sales, who will list it as multiple lots. You will, of course, lose out to the commission, both buyers and sellers, that they will charge, but at least the market will dictate the hammer price. If you go down this route, give us some idea of where in the country you are so we can suggest a convenient auction house.

2. The most profitable way is to effectively become a dealer yourself for a while, selling through online platforms such as Facebook or Ebay, or even taking a market stall somewhere. You will get a much higher price for the items, but have the hassle and expense of the process. You will also have to handle the occasional dodgy buyer, particularly when selling online. If you go this way, you will need to do your research to know what price to ask, using published online auctions and/or Ebay as a guide. (Remember with Ebay that it is the actual sale price that counts, not the often ridiculous asking price!)

I hope that helps.

 

Edited 1 hour ago by Paddy
Added auction house.