Instructions for Consigning

  1. Fill out consignment form online or download it (PDF version available). Use the value column if you have an idea of the value. Sign and date the consignment form.
  2. Pack coins well in a good box where there are no loose items moving around inside. Only certified coins are accepted. WE DO ACCEPT SOME RAW COINS. IF YOU DO HAVE RAW COINS, SEND US A LIST OF WHAT YOU HAVE.
  3. Mail consignment form/inventory listing with coins to Marc Langston Rare Coins via insured mail USPS only.
  4. Once your coins arrive at MLRC, we will send a confirmation e-mail or telephone you.
  5. Coins will be assigned to the auction within a few days.
  6. We will notify you of the exact auction date.
  7. We pay all consignors within 20 days of auction date if not sooner. Checks will be mailed out with detailed auction statements.
  8. If you have any questions, feel free to call us at 918-949-7825 or e-mail us at [email protected]

 

Consignment Information

CERTIFIED COINS: We accept all certified coins by PCGS, NGC, ANACS or any other grading service.

VALUES:  Please note assigned values of your coin(s) in the value field of the consignment form. If you are unsure, we will assign values and minimum bids accordingly.

LISTING FEES:  Our listing fees are based on the following schedule and charged one time only.

Minimum bid           Listing Fee

$1-$99                      $1.50

$100-$999               $3.00

$1,000-up                $7.00

We will relist any coin(s) up to maximum of three times without any additional fees.  If you do not want your coin(s) relisted, let us know under the “special instructions” on consignment form.

TIME & SCHEDULING:  Coins are usually listed on our website within 7 days of arriving at MLRC. Once coins are entered in the system, you can view them by logging into MyCoins and clicking on “Items pending” or “Currently Selling”.

MINIMUM BIDS:  You may have us to establish minimum bids for you (usually opening at around 70% of market), you may select a percentage of the values you assigned on the consignment form (either 50%, 65% or 80%), or you may select that all coins start at a minimum bid of $1.00.  We cannot accept consignments where minimum bids are higher than 80% of the listed value.

SELLERS FEES:   Our seller’s fees are 5% for all coins.

CONSIGNMENT PROCEEDS:  Checks are mailed out within 20 days of your coin(s) selling with consignor statement.