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What you do now really depends on how much time you want to spend sorting it - sets will sell better (for more money) than unsorted lots. But they take time to sort.
So far i've dug out about 30 different minifigs, mostly astronauts. Hopefully i can still find their laser guns / communicators
If you're trying to sell the whole bundle in one shot, you really don't need to sort them too much. A little strategic arranging and good pictures from a lot of angles will do the work for you; make sure you dig out the minifigures and their accessories, get a good shot of them... if you have road plates, they make a good backdrop for minifigs!
As for the pile(s) of elements, try and get themed stuff to the top of the pile, and anchor it there with any unique or iconic bits you might have; like, if you've got a blue brick with LL928 printed on it, you don't want that buried in the pile, you want that where folks can see it. Same goes for stuff like spoked antennas that aren't broken, or transparent pieces that are in good shape, try and get those out of depths of the pile where they can be seen, too.
If you're selling the collection in one shot, make sure you denote that in the title or description; note that it's a collection, and not a 'lot' or 'bulk' or anything that makes it seem like you weeded or filtered sets out.
Do you think its worth just selling it on as a collections rather than sifting through?
Oh and randomly i have at least one LL918 piece i've come accross so far.
Starting with the minifigs and rare parts is definitely the best way to identify and narrow down sets. From there, it is probably worth checking out prices for used and complete sets on Ebay and Bricklink to decide whether it is worth the effort to piece it all together. My guess is that your classic early space sets will be desirable if complete.
From there, I would post the available sets on here first in the Marketplace section. We're great people and you'll probably find that you can get close to what you would have gotten on the other sites, but you cut out the ebay fees. You also might find someone to take a few sets as once off you, which will save on shipping.
One final thought -- before you do sell, make sure you want to get rid of it. You may want to hold back at least a couple of favorites for nostalgia purposes.
If i find anything else interesting ill post it up!
I would say you will likely make more putting them back into sets.
If you do not want to do that (or find many parts are missing to complete the sets) it would then be better IMO to sort by color, sort out all of the minifigs and then sort all of their accessories (wrenches, walkie talkies, etc.) and instructions, and group them all together (IE bag for each color of part, bag for figures, bag for their accessories, etc.). Also keep them all together in one auction/listing from the viewpoint of a collector/buyer.
Also, if you can, ensure they are clean. That will help with how much you make I think.
All of this work requires a bit of elbow grease, but I do believe it matters to those looking to buy a lot if they see it sorted, non-LEGO or broken LEGO removed, and cleaned and it will reflect in how much someone is will to pay if most of the grunt work is already done. Or put the non-lego or broken LEGO into a separate bag and include it but keep it separate from the rest.
If i can find some pieces that help me identify which set they came from then maybe i can track down some instructions online.