Consigning to our auctions is an easy process. Pack your collection of coins, currency, and jewelry, create a list and send it to us in Great Falls, VA. We will create an itemized Consignment Order with detailed descriptions, price estimates, and starting prices and mail it back to you. We will then slot your items into our upcoming auctions to deliver a good selection to the bidders and ensure there are no duplicates in the same auction.
Send your coins, currency, and jewelry to: Penny Pincher Auctions, 1144-D Walker Rd., Great Falls, VA 22066
We'll send you a confirmation when your consignment arrives. Then, sit back and cash checks. We do all the work.
Items: We accept all United States, world, and ancient coins and currency. Low value items may be combined into a lot or returned to the consignor at our discretion. We reserve the right to decline consignments of items for any reason.
Starting Bids: We generally start coins and currency at 50% of the retail estimate. Jewelry, a little less than that. In the event the item does not sell in the first two auctions, we may gradually reduce the starting price. Some auction formats are with reserve and a $2 starting price. The reserve is generally set at the same level of the starting price above.
Listing & Seller's Fees:
- Certified (PCGS, NGC, ANACS, PMG) Coins & Currency over $500, $5 listing fee. No Seller's Fee.
- Raw U.S. coins and currency, any value, certified U.S. under $500, $5 listing fee, 20% Seller's Fee.
- World coins and currency (that are not certified and over $500), $10 Listing Fee, 20% Seller's Fee.
- Jewelry, Watches, and all other collectibles, $10 Listing Fee, 20% Seller's Fee.
- All fees are deducted from sale proceeds.
Scheduling: All of our auctions are specific events on specific days focusing on a certain range of coins or currency in order to direct collectors’ interest to that auction. We will put your items in auctions that have similar product focus.
Our Promise: We will not auction two of the same coin or currency in the same grade in the same auction. We try to only have one of each item regardless of grade in an auction. If we do auction two or more items that are the same, there must be a two point grade differential. For example, an 1881-S Morgan Dollar in MS-63 and MS-65 could be in the same auction, but we try to avoid it.
Third Party Grading: If you have a serious collection of raw coins or currency, we can submit the items directly to PCGS, NGC and PMG for grading before they go to auction. Fees vary.
Payment: Checks are mailed within 30 days of receipt of good payment from the winning bidder. In the event an item sells, but the buyer does not pay, we will re-auction the item with no charge to you.
Additional Terms & Conditions:
Consignor agrees that the Auction shall be conducted online by Penny Pincher Auctions according to the terms and conditions published at www.PennyPincherAuctions.com/Home/terms. This agreement is subject to arbitration.
Consignor warrants that [1] Consignor is the legal owner of and has full title and interest in the coins/items consigned to Penny Pincher Auctions [2] all coins/items consigned to Penny Pincher Auctions are free and clear of any liens, encumbrances, security interests or contract rights restricting the unconditional rights to sell all rights, title and interest in and to such coin/item [3] all consigned coins/items are authentic and in respect to third party certified items have not been tampered with or resealed.
Consignor agrees to pay Penny Pincher Auctions a Listing Fee for each coin/item offered for auction.
Consignor acknowledges that the Hammer Price is the final bid price accepted by Penny Pincher Auctions. The Hammer Price does not include the Buyer’s Premium, which is retained by Penny Pincher Auctions in full.
Penny Pincher Auctions has the right in its sole discretion to reject any consignment, to cancel any auction, to postpone or change the date/time of any auction and/or rescind any sale. Penny Pincher Auctions reserves the right in its sole discretion to cancel or reject any bidder from bidding when we believe it is not in the Consignors’ and/or Penny Pincher Auctions best interests.
If the winning bidder does not pay within 10 days of the close of the auction, Penny Pincher Auctions reserves the following rights: [1] declare the sale null and void and return the consigned item to the consignor [2] declare the sale null and void and re-offer the consigned item for sale in another auction.
Penny Pincher Auctions will remit to the Consignor, within 30 days of receiving good payment, the net proceeds, which equals the Hammer Price less the Listing Fees, other monies owed to Penny Pincher Auctions by Consignor. In the event the Consignor’s sales do not exceed the fees or monies owed to Penny Pincher Auctions, the Consignor agrees to pay Penny Pincher Auctions all monies owed within seven days of invoice date.
Any claim or dispute arising out of the sale of coins, currency, or other items by Penny Pincher Auctions shall be settled by arbitration between the parties in accordance with the rules of the American Arbitration Association (AAA). Any claim pertaining to this Agreement and/or Auction must be commenced within three months of the Auction or the claim is waived. Consignor agrees that damages may not exceed $250 per Consignment Order.
This contract is the entire Agreement between the parties and supersedes all prior Agreements. The warranties and representations contained in this Agreement survive the date of execution by each party herein and the performance of all terms and conditions contained in this Agreement. This Agreement shall be governed by the laws of the State of Virginia.