A regular question that comes up when dealing with a collection that needs to be placed in a new home is: Should I sell it or consign it? The answer often depends on the individual's unique situation. Typically, such situations arise out of an inheritance. Often, well-meaning parents collect items with a personal interest and the idea that their family will want and value them. Sometimes, this is the case, and that is great. Other times, what was meant with good intentions is actually a burden on the receiver. They are torn between the idea of keeping items they have no place to store or no interest in and selling such items with feelings of guilt, and they are somehow disrespecting those from whom they are being passed.
When considering re-homing a collection, there are typically four options.
- Selling the items, often to wholesalers/re-sellers, with little interest or emotion. This is typically a quick option for higher-value assets.
- Consigning the items using a consignment service for a fee of the overall total sales. This is often a slower process aimed at placing collectibles with like-minded individuals for the highest market value.
- Selling yourself using services like eBay. Who knows who will be getting the collection, desired intent, and comes with high costs of conversion and slow turnaround.
- Giving away to others.
OnlineCoinGallery.com is a good fit for those who fall into the 2nd category above.
Do you consider the emotions, desire, interest, of those you would like to leave your collections to?
