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	<title>Comments on: An Inheritance of Collectibles</title>
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	<link>http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/</link>
	<description>Simple, applicable personal finance advice for the modern world</description>
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		<title>By: Macinac</title>
		<link>http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/comment-page-1/#comment-126902</link>
		<dc:creator>Macinac</dc:creator>
		<pubDate>Fri, 07 Dec 2007 04:42:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/#comment-126902</guid>
		<description>Wow! Imagine the money and intellectual energy wasted on &quot;collectibles&quot;!</description>
		<content:encoded><![CDATA[<p>Wow! Imagine the money and intellectual energy wasted on &#8220;collectibles&#8221;!</p>
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		<title>By: DivaJean</title>
		<link>http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/comment-page-1/#comment-124933</link>
		<dc:creator>DivaJean</dc:creator>
		<pubDate>Mon, 03 Dec 2007 13:22:06 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/#comment-124933</guid>
		<description>I absolutely agree about finding some internet groups or blogs related to the collection before proceeding. 

I would also be following eBay- especially at this time of year- to find prices for thimbles of similar subject matter and quality. See what the trending prices are and get some idea of what you&#039;ve got. You can begin to sort the thimbles a bit from this- I would pick three catagories for ease: common, middle of the road, and rare. Think of potential ways to group the thimbles that make sense for easier selling. The prviewing of eBay should give you ideas on how this seems to work. 

If you have not sold on eBay before, I would not not start. I would first consider selling thru collector groups that are out there- many offer free posting when you join the group. Otherwise, I would definately consider going to a consignment seller. But you really need to be armed with the knowledge of what prics you can expect- otherwise, they can be just as clueless. Discuss your findings from eBay and the collector groups you&#039;ve been viewing- they might have more information to offer into the mix.

I am just SO thankful that my Mom took it upon herself a few years back to unload the extensive puzzle collection she had. When all was said and done, she sold over 500 puzzles (mostly Springbok) and has had the enjoyment of the extra money for herself. There is no way I would have had the knowledge to sell them and get top dollar like she did. Since it was something nearer and dearer to her, she knew the price ranges for each and every puzzle.</description>
		<content:encoded><![CDATA[<p>I absolutely agree about finding some internet groups or blogs related to the collection before proceeding. </p>
<p>I would also be following eBay- especially at this time of year- to find prices for thimbles of similar subject matter and quality. See what the trending prices are and get some idea of what you&#8217;ve got. You can begin to sort the thimbles a bit from this- I would pick three catagories for ease: common, middle of the road, and rare. Think of potential ways to group the thimbles that make sense for easier selling. The prviewing of eBay should give you ideas on how this seems to work. </p>
<p>If you have not sold on eBay before, I would not not start. I would first consider selling thru collector groups that are out there- many offer free posting when you join the group. Otherwise, I would definately consider going to a consignment seller. But you really need to be armed with the knowledge of what prics you can expect- otherwise, they can be just as clueless. Discuss your findings from eBay and the collector groups you&#8217;ve been viewing- they might have more information to offer into the mix.</p>
<p>I am just SO thankful that my Mom took it upon herself a few years back to unload the extensive puzzle collection she had. When all was said and done, she sold over 500 puzzles (mostly Springbok) and has had the enjoyment of the extra money for herself. There is no way I would have had the knowledge to sell them and get top dollar like she did. Since it was something nearer and dearer to her, she knew the price ranges for each and every puzzle.</p>
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		<title>By: debtheaven</title>
		<link>http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/comment-page-1/#comment-124119</link>
		<dc:creator>debtheaven</dc:creator>
		<pubDate>Sun, 02 Dec 2007 00:14:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/#comment-124119</guid>
		<description>Has anybody had any experience with stamp collections? My DH collected stamps when he was young (I&#039;m definitely dating us here, lol). Then when he got bored with it, his mom took it up with a vengeance. I have no idea where to start. DH wants to save it for future generations because he thinks it&#039;s valuable.

It probably is, but when we go, our kids will probably end up paying somebody to get rid of it, or using it in lieu of firewood. If he can&#039;t be bothered to sell his own precious stamp collection, I&#039;m sure our kids won&#039;t be either. It&#039;s not even classified, it&#039;s all in boxes, but there&#039;s tons of it. 

Has anybody ever had any experience with this? I&#039;d appreciate any suggestions. Thanks!</description>
		<content:encoded><![CDATA[<p>Has anybody had any experience with stamp collections? My DH collected stamps when he was young (I&#8217;m definitely dating us here, lol). Then when he got bored with it, his mom took it up with a vengeance. I have no idea where to start. DH wants to save it for future generations because he thinks it&#8217;s valuable.</p>
<p>It probably is, but when we go, our kids will probably end up paying somebody to get rid of it, or using it in lieu of firewood. If he can&#8217;t be bothered to sell his own precious stamp collection, I&#8217;m sure our kids won&#8217;t be either. It&#8217;s not even classified, it&#8217;s all in boxes, but there&#8217;s tons of it. </p>
<p>Has anybody ever had any experience with this? I&#8217;d appreciate any suggestions. Thanks!</p>
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		<title>By: Bellen</title>
		<link>http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/comment-page-1/#comment-123975</link>
		<dc:creator>Bellen</dc:creator>
		<pubDate>Sat, 01 Dec 2007 17:50:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/#comment-123975</guid>
		<description>Thimbles - I&#039;d contact quilt shops, fabric stores, etc. See if they have any ideas for selling at shows and/or someone who was interested in thimbles.  Check ads in sewing &amp; quilting magazines, they also ususally list shows and sometimes &#039;looking for&#039; ads. Research - don&#039;t forget Kovell&#039;s books &amp; website. Best of luck to you.</description>
		<content:encoded><![CDATA[<p>Thimbles &#8211; I&#8217;d contact quilt shops, fabric stores, etc. See if they have any ideas for selling at shows and/or someone who was interested in thimbles.  Check ads in sewing &amp; quilting magazines, they also ususally list shows and sometimes &#8216;looking for&#8217; ads. Research &#8211; don&#8217;t forget Kovell&#8217;s books &amp; website. Best of luck to you.</p>
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		<title>By: Minimum Wage</title>
		<link>http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/comment-page-1/#comment-123958</link>
		<dc:creator>Minimum Wage</dc:creator>
		<pubDate>Sat, 01 Dec 2007 17:03:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/#comment-123958</guid>
		<description>Also, consumer trade shows are a good place to sell most collectibles.  At these shows you have dozens (or even hundreds) of dealers in one place during one weekend and you can shop for the best offer.

Since hundreds (or thousands) of individual buyers are also at these shows, dealers also get many &quot;want list&quot; requests at the show, so there&#039;s a good chance one or more dealers might have an immediate need for the item(s) you&#039;re trying to sell.

The only downside to trying this is that you usually need to have a pretty good idea (research!) how much your collectible is worth.  With coins (and probably with other collectibles), the seller is expected to name the offering price, which the buyer (dealer in this case) can accept, reject, or counteroffer.  So if you don&#039;t know what your collectible is worth, using this method you might wind up selling your item for far less than you could have gotten, or dealers will think you&#039;re expecting the moon or you&#039;re nuts.  You might try going around the room, starting with the highest price you hope to get, and adjusting downward as you go along.

With most of the more popular collectibles, most people will find a show within a two-hour drive every three months or so, or once a year at worst.

With thimbles, I have no idea, but I&#039;m guessing there&#039;s a national event every year, probably 2,000 miles away.

One more thing, there is also a seasonal factor in these shows, so if you live in a warm-weather area, you can expect more, bigger, and better shows in the winter and fewer in the summer.  If you live in a cold-weather area, expect fewer and smaller shows in the winter.</description>
		<content:encoded><![CDATA[<p>Also, consumer trade shows are a good place to sell most collectibles.  At these shows you have dozens (or even hundreds) of dealers in one place during one weekend and you can shop for the best offer.</p>
<p>Since hundreds (or thousands) of individual buyers are also at these shows, dealers also get many &#8220;want list&#8221; requests at the show, so there&#8217;s a good chance one or more dealers might have an immediate need for the item(s) you&#8217;re trying to sell.</p>
<p>The only downside to trying this is that you usually need to have a pretty good idea (research!) how much your collectible is worth.  With coins (and probably with other collectibles), the seller is expected to name the offering price, which the buyer (dealer in this case) can accept, reject, or counteroffer.  So if you don&#8217;t know what your collectible is worth, using this method you might wind up selling your item for far less than you could have gotten, or dealers will think you&#8217;re expecting the moon or you&#8217;re nuts.  You might try going around the room, starting with the highest price you hope to get, and adjusting downward as you go along.</p>
<p>With most of the more popular collectibles, most people will find a show within a two-hour drive every three months or so, or once a year at worst.</p>
<p>With thimbles, I have no idea, but I&#8217;m guessing there&#8217;s a national event every year, probably 2,000 miles away.</p>
<p>One more thing, there is also a seasonal factor in these shows, so if you live in a warm-weather area, you can expect more, bigger, and better shows in the winter and fewer in the summer.  If you live in a cold-weather area, expect fewer and smaller shows in the winter.</p>
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		<title>By: amanda</title>
		<link>http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/comment-page-1/#comment-123950</link>
		<dc:creator>amanda</dc:creator>
		<pubDate>Sat, 01 Dec 2007 16:44:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/#comment-123950</guid>
		<description>I have done the eBay number with some collectables left me by my mother. There is a lot more involved with eBay than just posting the item up. You need to have a lot of transactions already on your account and rated 100% or 99%. Then if the item is not in demand you are wasting your time and money. You still pay for posting whether it sells or not. Then you can very easly have a painful encounter with a bidder. Several things can go wrong, because as we all know the internet has it&#039;s share of mentals. I will never sell on eBay again after my last experience with it.</description>
		<content:encoded><![CDATA[<p>I have done the eBay number with some collectables left me by my mother. There is a lot more involved with eBay than just posting the item up. You need to have a lot of transactions already on your account and rated 100% or 99%. Then if the item is not in demand you are wasting your time and money. You still pay for posting whether it sells or not. Then you can very easly have a painful encounter with a bidder. Several things can go wrong, because as we all know the internet has it&#8217;s share of mentals. I will never sell on eBay again after my last experience with it.</p>
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		<title>By: Minimum Wage</title>
		<link>http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/comment-page-1/#comment-123945</link>
		<dc:creator>Minimum Wage</dc:creator>
		<pubDate>Sat, 01 Dec 2007 16:31:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/#comment-123945</guid>
		<description>With collectibles, condition (or &quot;grade&quot;) is a huge factor in valuation, and you need to provide a visual, so people can judge for themselves what a collectible is worth.

Individual grading standards (especially among inexperienced graders, such as those whg inherit a collection), so a text-only description isn&#039;t very helpful when selling.  There are also individual biases in grading, and the &quot;fair&quot; (i.e. really beat up) comic book you are considering buying, might be offered by someone trying to pass it off as a &quot;near mint&quot; copy, so buyers will discount text-only descriptions offered by a seller.</description>
		<content:encoded><![CDATA[<p>With collectibles, condition (or &#8220;grade&#8221;) is a huge factor in valuation, and you need to provide a visual, so people can judge for themselves what a collectible is worth.</p>
<p>Individual grading standards (especially among inexperienced graders, such as those whg inherit a collection), so a text-only description isn&#8217;t very helpful when selling.  There are also individual biases in grading, and the &#8220;fair&#8221; (i.e. really beat up) comic book you are considering buying, might be offered by someone trying to pass it off as a &#8220;near mint&#8221; copy, so buyers will discount text-only descriptions offered by a seller.</p>
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		<title>By: Katy Raymond</title>
		<link>http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/comment-page-1/#comment-123910</link>
		<dc:creator>Katy Raymond</dc:creator>
		<pubDate>Sat, 01 Dec 2007 13:55:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/#comment-123910</guid>
		<description>No joke about those Russian dolls, Trent. I have a set of &quot;Dionne Quints&quot; from the 1930s. They were my mom&#039;s. I am clueless how to liquidate them. I would keep and display them, but they need a dolly hospital&#039;s care first, and the cost may be prohibitive.</description>
		<content:encoded><![CDATA[<p>No joke about those Russian dolls, Trent. I have a set of &#8220;Dionne Quints&#8221; from the 1930s. They were my mom&#8217;s. I am clueless how to liquidate them. I would keep and display them, but they need a dolly hospital&#8217;s care first, and the cost may be prohibitive.</p>
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		<title>By: MattJ</title>
		<link>http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/comment-page-1/#comment-123881</link>
		<dc:creator>MattJ</dc:creator>
		<pubDate>Sat, 01 Dec 2007 04:31:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/#comment-123881</guid>
		<description>Instead of selling them to a dealer and walking away, why don&#039;t you offer to sell through them on consignment?  

Contact a couple of dealers and get estimates for how much they think they can sell the collection for, and how much of a commission they would want...</description>
		<content:encoded><![CDATA[<p>Instead of selling them to a dealer and walking away, why don&#8217;t you offer to sell through them on consignment?  </p>
<p>Contact a couple of dealers and get estimates for how much they think they can sell the collection for, and how much of a commission they would want&#8230;</p>
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		<title>By: Artie Kuhn</title>
		<link>http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/comment-page-1/#comment-123855</link>
		<dc:creator>Artie Kuhn</dc:creator>
		<pubDate>Sat, 01 Dec 2007 02:45:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/#comment-123855</guid>
		<description>I&#039;m looking to possibly unload a huge comic book collection as well. What&#039;d you find?</description>
		<content:encoded><![CDATA[<p>I&#8217;m looking to possibly unload a huge comic book collection as well. What&#8217;d you find?</p>
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		<title>By: Mrs. Micah</title>
		<link>http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/comment-page-1/#comment-123808</link>
		<dc:creator>Mrs. Micah</dc:creator>
		<pubDate>Sat, 01 Dec 2007 00:14:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/#comment-123808</guid>
		<description>I expect a Google blog search for &quot;collect&quot; and &quot;thimble&quot; might turn something up. Not guaranteed, but I&#039;d start there...</description>
		<content:encoded><![CDATA[<p>I expect a Google blog search for &#8220;collect&#8221; and &#8220;thimble&#8221; might turn something up. Not guaranteed, but I&#8217;d start there&#8230;</p>
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		<title>By: Kim</title>
		<link>http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/comment-page-1/#comment-123800</link>
		<dc:creator>Kim</dc:creator>
		<pubDate>Fri, 30 Nov 2007 23:55:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/#comment-123800</guid>
		<description>How do you suggest finding relevant blogs?</description>
		<content:encoded><![CDATA[<p>How do you suggest finding relevant blogs?</p>
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		<title>By: LC</title>
		<link>http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/comment-page-1/#comment-123754</link>
		<dc:creator>LC</dc:creator>
		<pubDate>Fri, 30 Nov 2007 21:48:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/#comment-123754</guid>
		<description>@Madd Hatter
Coins are one example that I am familiar with where the prices on Ebay are usually realistic and often quite high.  Although coin collecting is relatively mainstream, I would think that there are people out there who know the value of certain other collectibles and are willing to pay what they are worth.

I think that it really takes someone who knows a lot about the items to show you the real value of the collection and I think the advice in this article is very good.  This is often why items on ebay with no reserve price sell for do high amounts - there are people out there who know what it is worth.

What are your thoughts on collections? - should the money you spend be viewed as &quot;hobby&quot; money or &quot;investment&quot; money, or a little of both?</description>
		<content:encoded><![CDATA[<p>@Madd Hatter<br />
Coins are one example that I am familiar with where the prices on Ebay are usually realistic and often quite high.  Although coin collecting is relatively mainstream, I would think that there are people out there who know the value of certain other collectibles and are willing to pay what they are worth.</p>
<p>I think that it really takes someone who knows a lot about the items to show you the real value of the collection and I think the advice in this article is very good.  This is often why items on ebay with no reserve price sell for do high amounts &#8211; there are people out there who know what it is worth.</p>
<p>What are your thoughts on collections? &#8211; should the money you spend be viewed as &#8220;hobby&#8221; money or &#8220;investment&#8221; money, or a little of both?</p>
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		<title>By: Money Blue Book</title>
		<link>http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/comment-page-1/#comment-123725</link>
		<dc:creator>Money Blue Book</dc:creator>
		<pubDate>Fri, 30 Nov 2007 20:46:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/#comment-123725</guid>
		<description>Thimbles? Wow....I guess there&#039;s a collector for everything. Then again, I used to collect mechanical pencils when I was a kid...grew out of that one fast!
-Raymond</description>
		<content:encoded><![CDATA[<p>Thimbles? Wow&#8230;.I guess there&#8217;s a collector for everything. Then again, I used to collect mechanical pencils when I was a kid&#8230;grew out of that one fast!<br />
-Raymond</p>
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		<title>By: Madd Hatter</title>
		<link>http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/comment-page-1/#comment-123716</link>
		<dc:creator>Madd Hatter</dc:creator>
		<pubDate>Fri, 30 Nov 2007 20:33:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/#comment-123716</guid>
		<description>I&#039;ve been wondering for the past couple years whether there IS a collectible market to speak of, in general. I don&#039;t see any indications that anything is worth much of anything anymore. I live a rather sheltered life, so this is largely gathered by seeing dozens of auctions on eBay for anything you&#039;re interested in, and seeing basement prices. Comics, sports cards, art, you name it. I know in the first two cases ridiculous overproduction by manufacturers is a primary cause, but I also wonder if an &quot;eBay effect&quot; is at work as well. Global marketplace and all that, leading to people asking why they should pay actual $ for something when they can go get it on eBay for nothing.  The items I mentioned earlier are &quot;worth&quot; a very tiny fraction of what they were supposedly worth 10-15 years ago. I&#039;ve thrown the comics (longbox of late 80s-mid 90s) and sports cards (baseball 87-92) on CL for pennies on the dollar and nothing. To sell to a shop, they want professional grading, which costs more than any of them would sell for anyway.  Honestly, what kind of &quot;collectibles&quot; are worth anything still? Seems only the current &quot;hot item&quot; built up by hyperconsumerism and jonesitis (ie the Wii) is worth trying to sell.</description>
		<content:encoded><![CDATA[<p>I&#8217;ve been wondering for the past couple years whether there IS a collectible market to speak of, in general. I don&#8217;t see any indications that anything is worth much of anything anymore. I live a rather sheltered life, so this is largely gathered by seeing dozens of auctions on eBay for anything you&#8217;re interested in, and seeing basement prices. Comics, sports cards, art, you name it. I know in the first two cases ridiculous overproduction by manufacturers is a primary cause, but I also wonder if an &#8220;eBay effect&#8221; is at work as well. Global marketplace and all that, leading to people asking why they should pay actual $ for something when they can go get it on eBay for nothing.  The items I mentioned earlier are &#8220;worth&#8221; a very tiny fraction of what they were supposedly worth 10-15 years ago. I&#8217;ve thrown the comics (longbox of late 80s-mid 90s) and sports cards (baseball 87-92) on CL for pennies on the dollar and nothing. To sell to a shop, they want professional grading, which costs more than any of them would sell for anyway.  Honestly, what kind of &#8220;collectibles&#8221; are worth anything still? Seems only the current &#8220;hot item&#8221; built up by hyperconsumerism and jonesitis (ie the Wii) is worth trying to sell.</p>
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		<title>By: Luke</title>
		<link>http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/comment-page-1/#comment-123707</link>
		<dc:creator>Luke</dc:creator>
		<pubDate>Fri, 30 Nov 2007 20:16:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2007/11/30/an-inheritance-of-collectibles/#comment-123707</guid>
		<description>Here&#039;s another option: several auction houses in major cities have certain days when you can walk in with your item(s) and have it examined by an expert, for free. It&#039;s very much like &quot;Antiques Road Show&quot; sans cameras. I did this with a few items in San Francisco at Butterfields (now Bonhams &amp; Butterfields - http://www.bonhams.com/us/) and found it useful without too much chaos other than long lines that moved quickly enough (or seemed to, since it was interesting seeing all the weird stuff people brought in).

The advantage of an auction house is that they&#039;ll be realistic about value. You could then put the collection on eBay at a rational price.

There might be such a service where you are.</description>
		<content:encoded><![CDATA[<p>Here&#8217;s another option: several auction houses in major cities have certain days when you can walk in with your item(s) and have it examined by an expert, for free. It&#8217;s very much like &#8220;Antiques Road Show&#8221; sans cameras. I did this with a few items in San Francisco at Butterfields (now Bonhams &amp; Butterfields &#8211; <a href="http://www.bonhams.com/us/" rel="nofollow">http://www.bonhams.com/us/</a>) and found it useful without too much chaos other than long lines that moved quickly enough (or seemed to, since it was interesting seeing all the weird stuff people brought in).</p>
<p>The advantage of an auction house is that they&#8217;ll be realistic about value. You could then put the collection on eBay at a rational price.</p>
<p>There might be such a service where you are.</p>
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