Selling medieval coin

[mkPVB 0]

Hello,

I am writing to ask how to sell a coin and maximise the money obtained on it.

I have a medieval Ferdinand I gold Ducat from 1529. I have searched online and seen that most of them are sold at auction houses. Unfortunately I don't really know how to approach one and also I've heard that they have big commissions.

Thank you!

 

Kind regards,

 

Paul.

[Rob 3,152]

It appears you want everything for nothing. All you have to do is phone the various auction houses up and ask what their commission rates are for selling. Some will charge more than others, whilst if a coin is valuable enough it might be sold at zero commission. Depending on how much you want for it (reserve price) may determine the commission level. If you already know the prices that these have gone for at a particular grade, then presumably you have a figure in mind.

If you want to sell through a middle-man whether it be a dealer or auction then you must expect to receive less than the buyer will pay. In the case of auction results, the buyer will pay his premium, whilst the vendor will receive hammer less any selling commission. Everybody has to make a living, a fact which eludes many would be sellers. Heresay about commission levels is as useful as a chocolate teapot. A quoted number is far more useful.

Or you can take pot luck on eBay.