Helping sell an inherited collection
jwitten
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A family from church asked me to take a look at a collection they inherited, and after doing so asked if I could help sell everything. Lots of typical Morgan’s, wheat cents, Buffalo nickels, etc. I’m not sure the best way to sell your typical low grade low dollar items. In bundles in the bst maybe? Here were a few of the rarer date items, I believe. I mostly deal with gold, so don’t know much about any of what they had.
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Some of those are truly cool little coins.
I'd imagine if you came up with decent pricing- good for the owner yet also good with the buyers- you could offer them here on the BST forum.
I know I'd be interested in a few of them myself (for a type album).
peacockcoins
If you are willing to do a little leg work, look up the pcgs price guide for the rarer (and to determine which ones are rarer), and post those ones separately and then I'd recommend doing either a whole sale or type bundles for the more common, less valuable ones. It might help to create a spreadsheet of the coins and years and face values.
I'd be happy to help you organize them for free if you want it. I enjoy doing research and I can suggest which ones to separate and bundle. I'd just need a list to start with.
By the way are we talking tens or hundreds of coins?
https://www.the4thcoin.com
https://www.ebay.com/str/thefourthcoin
Well shoot, I looked up the three cent as silver and thought they had something special. Now I see it’s a common nickel one. Lol, I’m in over my head with this collection. There’s also a ton of foreign coins that I do t even know where to look values up
amazing the coins have nearly the same look. it makes me wonder if that is what untampered with circ coins looked like in general during the 18th and early 19th century. i like it !
Make up lots of the generic items and sell them as quickly as possible to a local dealer or offer the lots on the BST. Any nice single coins that have real value ... offer them on the BST priced to move. Forget about getting "top dollar". Your sellers probably want quick cash.
Get a greysheet and compare with pcgs
And offer at a percentage below the values
You should have good luck selling on the bst
That’s the way I buy & sell
Good luck
Frank D
Nice looking coins. And, your pictures are great.
Those are nicer than the usual stack of mint sets.
You could post them single, or in groups for the foreign coins,
and post them on the Buy, Sell and Trade forum, and people could reply with bids.
[Better is what @PerryHall described - people bid by PM and you update the post with the high bid.
That way your post does not dominate the BST Forum index page.]
Or you could put them on ebay if you know how to do that.
The 1839-o half dime is a V-11 and the grade is around VG-10.
It's something I'd pay about $40 for, but you could get more.
The 1867 rays nickel is also fairly nice.
Now if that 1900-o Barber Half was in Gem MS65, you would have something quite special! In Good, its about an $18.00 coin. In MS65 it's about a $10,000. coin!
Like the 5cent 🥰
Some good advice above, best of luck in this endeavor.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I had something similar with foreign coins. If they are silver, you can get bullion value for them. If they are really old or genuinely scarce, you can do better. Examples are doing better were selling a groat (a four pence English coin) and an AU Queen Victoria sixpence.
Online search the country of the coin and look for the denomination. You'll find a site telling you the silver content of said coin(s) and what they are worth.
"Seu cabra da peste,
"Sou Mangueira......."
I’ve thought about running “auctions” on the bst. Is this within the rules? Have a group of coins, give people a day or two to say their price, and highest gets it. They had about $100 in face value modern stuff that I told them they should just spend or give to their grandkids. Presidential dollars, state quarters, that type of stuff. They told me to just get as much as I could for the rest. Not thousands of coins, maybe a few hundred. But most are low grade low dollar pieces. How much are low grade Morgan’s selling for these days?
Good idea. I see no problem doing a bid-board style auction. Post a list of the coins. Forum members could then PM you their best price. Show the current highest offer on your list. If a higher offer comes in, just edit your list to show the new higher offer. Indicate a closing time. This doesn't have to be complicated.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Rare?
RarER, lol. I know none of these are rare, but a few are better dates than your average coin.
It might be easier to just sell it as a group. Postage and packaging will be a real headache if each coin goes to a different person. Just solicit the best offer.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Nice assortment. I like the look of the coins as type coins cause that's a fun way to collect. It would be enjoyable to do the research together. Good luck. Peace Roy
BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52, LukeMarshall, coinsarefun, MichaelDixon, NickPatton, ProfLiz, Twobitcollector,Jesbroken oih82w8, DCW
I like the 1870 3c just because of the note included with it.
8 tf Morgan, and a few other items worth listing on ebay. 1923 silver cert. is worth over $40. Better to list them individually. On the foreign coins I'd pick out the older ones and silver coins if there are any and check on ebay to see what they are selling for. "Advanced search" with "sold" items will give you an idea.
Start making a list like
Wheat pennies # and avg cond
Buffalos same
Morgan’s same
Peace same
90% silver face value
Then go on to the better coins
This is a start
Good luck
Frank D
It's probably best to find a dealer who will buy everything, provided that you can find one who will offer a fair price.
An authorized PCGS dealer, and a contributor to the Red Book.
Instead of getting flustered take a deep breath, exhale, and treat this as a learning experience.
Nice of you to offer to do this for the family. How many coins are there, and how much time do you want to spend on this project? I'd probably start by inventorying everything and making a fair estimate of total value using the Greysheet. Then try to sell it as a lot.
LIBERTY SEATED DIMES WITH MAJOR VARIETIES CIRCULATION STRIKES (1837-1891) digital album
I think an auction on the forum would be a good choice since there are no fees involved. I may do one myself soon
I’m thinking auction is the way to go. I may do a few of the better coins solo, then a few larger lots of the rest of the stuff.
This.
The Shield Nickel with Rays is about the nicest of the lot... looks VF...
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
It's always fascinating to me how far the authorities went back in the day to promote confidence in paper money.
Is the corner of that dollar bill folded under or is it torn off? If it is torn off, how badly does it hurt the value of the note?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
A fair bit. Realistically. It is hard to get more than 25 or 30 for it. If the corner is torn off, you are probable 15 to 20.
That's not a collection I would try to retail unless it were my own.
Not super valuable stuff. Be cooler if they were to find a pic of great grandma and put that, the note, the coins in a frame or shadowbox and kept it in the family in a nice display.
Hopefully PCGS will not allow the BST to be turned into an auction format.
The BST is already being used as a free advertising format to sell coins that aren't available for sale on the BST. This was never allowed in the past but people are now advertising the coins that they are selling on Heritage, GC, Stacks, etc. If they aren't available for sale on the BST, they shouldn't be listed there.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I was a little surprised they didn’t want to keep anything, even the notes from grandma. They for sure aren’t hurting for money, so it’s not about that. Makes me reconsider leaving my coins to my kids one day 😂
I’m not sure what would be so bad about it. A lot of coins may be overpriced on there and all the bumps clog up the page. This would get them sold to a forum member without clogging the page with endless bumps.
Here’s some of the other stuff.
The silver dollars should be worth $30 each or more. Low grade non silver coins are quite marketable too.
It strikes me as a group of coins that should be disposed of quickly. I don't see anything that has enough value to warrant spending much time or effort selling it. The silver dollars are generic and can be easily sold just about anywhere. The rest appear to be low value coins that will cost more to market than they will bring if sold individually.
Well, some of the stuff is cool, but probably not particularly valuable.
BE CAREFUL!!!!!
After the fact, there's nothing to stop the family from accusing you of profiting, accepting low offers, or otherwise shorting them on their priceless treasures. Nothing can ruin a good friendship like doing someone a favor. Besides, what's in it for you other than risk and potential headaches?
Personally, I'd point them to a good dealer and call it a day. Maybe review the dealer's offer, but that's about it. What are you going to do if a lot goes missing in shipment, someone declares them all to be counterfeit, or if someone wants their money back?
I ran into similar situations twice years ago when I was working in the PNW. Both times, I scanned for special values (none), and grouped the silver U.S. coins in general price ranges (i.e. $20, $30 etc.) and told them to take the foreign coins to a couple of shops and take the best price. I did not get involved in the selling... Way too much work. Cheers, RickO
I agree, there’s not much for me to gain from this. I already told them things were common and may not go for much, and they said that was ok. I generally don’t like selling coins for other people for all these reasons though.
Ok, I have my first round of Morgans about to hit the bst, be on the lookout if interested.
No good deed goes unpunished.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Hey that looks like my collection
Must live up north, looks like there is a good deal of Canadian stuff.
K
No proof sets from the 70's ??? I cant believe it.
A while back someone published Arizona coin's buy list. If you can get them to contact them directly or do it yourself with some type of quick contract they sign that may work.
This. It could all work out. However, there are more ways for it to go wrong than to go great.
Aside from a few silver pieces, the world coin assortment pictured looks like either pocket change or poundage.