Wish me luck!

frankhardy

I am a card collector. I am very, very new to coins. Recently I bought some sportscards from a man locally. On my second visit, he showed me some of his coins and he showed me some of the values on them. I was very, very impressed. He is in bad health and, to make a long story short, he trusts me enough to sell them for him on Ebay. I said, "Absolutely." He offered me 20% to sell them for him. So, now, I am trying to learn what I can about coins. We are starting with the small stuff just to see how it goes. Wish me luck, not only in the selling, but I would like to learn about them too! They are very interesting, especially when I see values of coins in the thousands!

eyoung429

Um....you may want to invest a little time and also purchase some reading material prior to your new endeavor.... If you don't know anything about coins, you may be in for a world of hurt depending on the source of the coins. Make sure that you seek a qualified dealer or numismatist to help you.

STONE

I would agree that eBay is a good place to sell coins, but why spend the money listing them there, when you could put them on the BST page for free.

We would love to help you out w/ any questions about any of the coins.

kranky

Just to give us an idea, where did he get the coins - did he purchase coins from coin dealers and/or from the US Mint and/or pull them out of his pocket change over the years? Are the coins in any type of holder?

pharmer

Good luck with the money making endeavor! You may not know coins, but you've got the salty meat byproducts down pat

GoldenEyeNumismatics

good luck!

frankhardy

I have been reading up on it. I will be going on much of his knowledge, though. All (or at least most) of his high end stuff is slabbed by PCGS. I don't think I will be in for much hurt because I won't have anything except time invested (unless I am missing something). Are you saying that my feedback could get burned because of problems that may arise due to my lack of knowledge? I guess that could be the case.

This man is in his late 50's and has been collecting coins since he was a little boy, and it has been an ongoing hobby ever since. He really seemed to know what he was talking about. He has bought them from dealers and straight from the mint. Let's just put it this way - he has them in his basement, inside a steel reinforced concrete safe/office with a "bank" safe door on it. The first time I went to look at his baseball cards, I was thinking, "Oh my goodness! He has his cards in this! He must have a fortune in cards." Well, I only bought $400 worth of cards from him. As I found out on my next visit, he has the safe/office for his coins.

As far as selling them on Ebay, that is just the way that he wanted to do it. What got it all started was my interest in his coins. I was asking a lot of questions. He said that he is in bad health, and his family has no interest in them whatsoever.

The first question I asked him was, "What is your oldest coin." He then pulls out a silver dollar from 1795. He called it a "Flowing Hair Bust" silver dollar. It was slabbed (I think), but I don't remember the grade. He said that in that particular grade, it is worth between $2500 and $3000.

One more question, what was meant by this? "you've got the salty meat byproducts down pat."