What does it mean to consign through our auctions? Consignment is agreeing to let The Coin Cabinet sell coins on your behalf. We advise on the best placement for your property in an upcoming auction, and once it has been sold remit the proceeds to you. The Coin Cabinet is here to help you achieve the best result for your property, images throughout this article are some of our best performing lots from recent auctions.
Two sales are held by The Coin Cabinet every month: the mid-month Sovereign Sale, which focuses on British gold full sovereigns, and the British & World Coins sale at the end of the month, with a broader offering that might include historical and modern, Commonwealth and commemorative coins.
There is a 0% buyer’s premium for all of our auctions — meaning that bidders and buyers do not need to worry about additional charges on top of the price they are bidding for, or the hammer price they pay.
What do we look for?
The Coin Cabinet specialises in British and Commonwealth gold coins. We sell quality historical and modern-issued single coins, boxed sets, and bulk gold coins (especially sovereigns). We look for these items while sourcing our sales, and will also consider excellent examples of world and silver coins.
The consignment process
Selling through The Coin Cabinet is easy to do, and our team is always here to help you through the process. First, contact us by emailing email@example.com and detailing the coins you are looking to sell. To help us determine whether the coin is suitable for one of the The Coin Cabinet sales, supply as much information about the coin as you can: date, metal, denomination, country, and whether it is graded or ungraded. Additionally, providing images of ungraded coins and certificate numbers for graded coins would also be beneficial.
A member of The Coin Cabinet team will contact you to discuss your items and advise on suitable sales. We charge a vendor’s commission of 10% for ungraded (‘raw’) coins, and a reduced 9% for graded, or ‘slabbed’, coins. All lots are offered without reserve — starting bids for gold coins start at 10% below its bullion value and silver coins start at £1.
After the items have been agreed and you have signed your Consignor’s Agreement, you should arrange for your property to be delivered to our office. The Coin Cabinet can assist with this and arrange a DHL pickup to your address on your preferred date. All property should arrive at our office three weeks before the sale for cataloguing and photography.
From this point, we will coordinate everything, so you can sit back and watch your coins live on the sale date.
After the sale, you will receive a report informing you of the hammer prices that your coins achieved at auction. We will also confirm the net proceeds of sale, with agreed expenses and commission deducted. Provided that payment for the coins has been received payment in full, we will remit the funds to your nominated account approximately 30 days after the auction.