Consignment Coin Sales

I have restarted my Friday Night Madness coin sales series on Youtube.  I had taken on too many projects and needed to catch up, but its back and better than ever.  I have teamed up with Robert Lawson on alternating weeks to bring more diversity to the Youtube coin community and not get overwhelmed.

Several people have contacted me expressing their desire that I would offer their coins for sale.  It is a project I have wanted to bring online and have been putting together notes on how it would be

equitable for all involved.
I'm in the midst of working out the final details and will be adding to this article over the next couple of days in order that we can move forward with the project.


Before you start shipping crates of coins, please contact me via email.






A signed copy of the Consignment Agreement must accompany the first package.  You can copy/paste the agreement into a text document and print it from there.

Consignment Agreement

Fees

This is not a free service.  I have expenses and taxes just like everyone else.  In order to cover the costs involved and earn an honest living, I charge for my services.  In order to discourage unsavory characters from trying to take advantage of the situation, some fees will be paid in advance.

Shipping Deposit
Handling and Processing
Commission
Additional Fees

Unacceptable Coins

Not all coins are suitable for live video sales.  There are quality standards that must be applied to safeguard the reputation of the channel and all personalities involved.

• Coins that are damaged, bent, scratched, defaced, cleaned, polished, altered, repaired or otherwise in an unoriginal state will not be accepted.
• Low value coins may not be justifiable due to the commission and fees involved.  Coins with a market value of  less than $10 would not leave much for the owner.  
• Common date, high mintage coins may not be the best choice to submit.
• Unidentified and misidentified coins may not draw the premium deserved
• Improperly graded
• Counterfeit, reproductions, fake, and non-genuine items

Advantages Of Consignment

Inexperienced sellers may not reach the market potential of the coin, may not understand the nuances involved in marketing, shipping, billing, and customer service.
New sellers may not have the reputation and customer base to effectively sell a coin.
Even experienced sellers may not have the technical expertise to successfully employ internet livestreaming.
Combined shipping with coins from sellers spread across the nation.
Economy of scale.

Being able to sell your coins through consignment puts the items in front of a considerably larger audience than you may be able to on your own.  It opens the door of opportunity for people to generate an income and accelerate their coin enterprise.  A few bucks here and there can develop into a regular income stream that may eventually compete favorably with full time employment.

Buyer Protection
All coins are vetted.  Before being offered for sale they are examined for suitability, quality, accuracy of grading, and authenticity.  Sale price or starting bid must be agreed between myself and the seller before a coin is offered.  There will be no excessively priced, impaired, or outrageous offerings, no tomfoolery, no Bait and Switch.  You can't get this on eBay.

Anonymity
The name and address of the owner will not be disclosed to the buyer.  Concerns for safety and security are subdued with the general public having no knowledge of the source of the coins. 
Since the coins are juried and approved prior to being offered, its all about the coin rather than the personalities.

Related articles and videos

Video: Discussion of the Consignment Agreement

Flipping Coins

Let the Hobby Take Care of Itself

How Much Additional Income Is Enough To Make A Difference?




Topics under development for this article
Quantity
Shipping address
Payment
Recordkeeping
Point By Point Examination of Consignment Agreement