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How can I sell my Franklin Mint collection?
The answer to this question depends on several factors, including how much time you want to invest in selling and whether or not you want to start a new business.
Are Franklin Mint collections valuable?
Yes, some are (but not all). The most valuable Franklin Mint collections are those minted in silver or gold. Those minted in bronze or pewter have little to no value. Some of the more valuable sets are 100 Greatest Masterpieces, History of the USA, Genius of Michaelangelo, Gold Mines of North America, Bicentennial Ingot collection, and others.
Do Franklin Mint silver collections have a numismatic or collector premium above the metals value?
No. The retail value of Franklin Mint silver sets is roughly equal to the value of the precious metals. There isn't an antique, rarity, or collector premium. Sets issued in bronze are of little or no value, a testament to their "antique" or "collectible" value. If bronze versions had collectible value above the precious metals value, collectors would buy the bronze versions, but they don't.
Who started The Franklin Mint?
The Franklin Mint was a private mint founded by Joseph Segel in 1964 in Wawa, Pennsylvania. The name was originally The National Collector Society. It was changed to The Franklin Mint in the late 1960s. The founder Joseph Segel had humble beginnings but the success of The Franklin Mint brought him incredible wealth. He sold out in the 1970s and began his next venture, a little shopping network called QVC.
What are ASK and BID prices?
The ASK price is the retail price. Retail is the price a dealer will ask for and a collector will likely pay. Getting the retail price takes time because you have to find a collector willing to pay top dollar. BID is the wholesale price. The wholesale price is the price a dealer will likely pay. Getting the wholesale price is fast because dealers serve as 'market makers' willing to support the market and buy immediately.
For Franklin Mint silver and gold collections, the wholesale value (the price a dealer will likely pay) ranges from 70% to 90% of the retail value depending on quality and condition. Dealers have overhead and expenses, so they must make a profit to stay in business.
How is the market right now?
The market for Franklin Mint continues to be strong.