Selling Generic Silver Dollar and Silver Medals at Long Beach
Elcontador
Posts: 7,372 ✭✭✭✭✭
I will have a number of generic silver dollars; some Peace, some Morgan, re Morgans, some 1921s and others. What can I expect to get for them and any suggestions re vendors to which I can sell them? I did a search and can't find anything helpful my selling them. I also have some things, like a large Korean War silver medal I would also like to sell. Any suggestions most appreciated.
Someone earlier wrote that he paid $30 each for non 1921 dated Morgans. This is helpful, but I'd like to sell them at the show and not deal with shipping and the like.
"Vou invadir o Nordeste,
"Seu cabra da peste,
"Sou Mangueira......."
"Seu cabra da peste,
"Sou Mangueira......."
2
Comments
It will be interesting to see how you make out. At the January FUN Show, many dealers seemed to "traveling light." In past years many dealers were selling the current year's American Silver Eagles. I thought I'd make a deal on a roll for my local club's door prizes and drawings. Much to my great surprise, almost nobody had them.
I hope that they will want to buy what you have and want to carry it home. Being a dealer and dealing with airport security is a pain these days.
Your best bet is to work with a dealer that is local to the LA area, they will likely be the best option as they do not have to travel on a plane with bulk silver. No clue on the prices, likely under $30 each for circ "stuff".
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I sold some stuff to a local dealer a year ago. They were fine with American Eagles and the like, but lowballed me in a major way re the silver dollars.
"Seu cabra da peste,
"Sou Mangueira......."
My guess is low grade silver dollars are harder to sell these days because of the Chinese counterfeits that don’t even contain silver. There are so many of them that less seasoned buyers might be avoiding them. Silver Eagles, on the other hand, are customarily in high grades, which makes harder for the dishonest people to market Chinese fakes.
Some auction houses will buy them as well or give you half of what they think they will auction for and auction them off then give you the rest after auctioned. You can get a price from them then shop them around and go back if it’s a better deal for you.
Hoard the keys.
@Elcontador.... Good luck with your sales... and please post the results of your efforts as part of the show report. It will be interesting to see how they sell at a show. Might be better if you had a table there... Cheers, RickO
I don't know. There are a LOT of pretty good fakes on the ASEs also.
Your best bet will be to go to the show and ask buying prices at tables that look like they would be interested in circ. Morgans. If you get what seems to be a reasonable offer just take it and be done with them. Trying to squeeze every last nickel out of them will probably prove to be a waste of time.
So far as the Korean War medal goes I would just survey the medal dealers at the show to see if you can find a similar example just to see what dealers are asking for them. If it is the work of a major artist I'd emphasize that fact. The Korean War theme is not likely to be a big draw these days. The Korean War vets that might be interested are now in their 90's and are not likely buyers at this point. Don't waste a lot of time or effort trying to sell it.
Please let us know what is and what is not selling and how you made out.
Thanks
Wayne
Kennedys are my quest...