Now, think, would you send those items to an escrow? If not, they're not collateral. Also keep in mind than I don't know if you'd actually find an escrow that'll work with physical goods.
With physical goods you may do better at a pawn shop.
Even if someone accepts to escrow these coins, I was trying to find their value. The best price that I found on eBay is £450.00 for
1971 2p New Pence Coin and £250.00 for
Rare 1982 Twenty Pencethat's a total of £700.00, or ~$968 (1 USD = 0.72305 GBP today) which is much less collateral than the amount requested.
Having cut the total amount to half already... Can I get £600.00? thats what am short of at the moment. The receiving party can make sure that they check and verify the package before they release escrow.
Thanks.
For start, it depends on where are you based. If you are in the US, then you should look for a US-based lender. If you are in the EU, then an EU-based lender, and so on. The shipping cost and the danger of losing the package, won't make it easy and convenient. So at least, find someone in the same region/ location that might have an interest.
Then you have to wait 2-3 or more days for the lender to get an evaluation of your collateral and then (if everything is fine), to agree with the escrow to send you the funds.
Too much time, if you are pressured or want to end this quickly...
Due to urgency... I will be forced to use express mail. So I wont be having any issues waiting 2-3 days
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. My collateral involves antique coins of "Very Rare 1971 2p New Pence Coin" and "Rare 1982 Twenty Pence" . Let me know if there's anyone willing to work something out with me. Il appreciate. If you need images let me know.
