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London Coins

London Coins

Stephen Lockett the founder of London Coins has been active in numismatics since 1982 and running auctions since 1994. Over the years his team at London Coins LTD have developed a simple, transparent and effective auction service.

Sale Options

Two options are available

  • 1. London Coins Reserve

    The seller consigns his items for sale to London Coins who do the rest.

    Using the knowledge we have of our clients requirements we will describe, grade and group the material into lots. We will set a reserve and guarantee the lot will sell at or above this amount. Being dealers as well as auctioneers we have up to date knowledge of the current trade prices, and our reserves will reflect the current market trends.

    We send to you a listing of your lots with reserves along with an auction catalogue about three weeks before the sale, at this stage you have the option to move to our service 2 and set your own reserve if you wish. We do not accept the withdrawal of lots.

    The charges for this service are 10% of the hammer price or £1 per kilo weight if greater. As all lots are guaranteed to sell no unsold lot charge is payable.

  • 2. Sellers Reserve

    The seller describes his lot (we grade it) and states the minimum amount (the reserve) he is willing to accept for the lot before any commission. No lot will be sold for an amount less than the reserve.

    The charge for this service is 12% commission, with a minimum lot charge of £3 sold or unsold, or £1 per kilo weight if greater.

    We send to you a listing of your lots with reserves along with an auction catalogue about three weeks before the sale.

Insurance

Your material is fully insured whilst in our possession. You need take no action for this cover, it is automatic and free.

Settlement

Payment is made between the 4th and 5th week after the auction, or sooner.

Auction Catalogue

Our catalogues reach a large worldwide audience in both print and digital formats. We have an extensive mailing list and in addition to the catalogue being heavily promoted on our own website, we are also featured on popular numismatic auction platforms such as Numisbids, Sixbid, Invaluable and Biddr.