Options
MS65 in 1986 oh boy...
Michigan
Posts: 4,942 ✭
From the Miami Herald. Who thinks this is going to have a happy ending?
Q: In 1986, at the suggestion of my financial advisor, I purchased $5,000 worth of coins from a company called Asset Services in West Des Moines, Iowa.
Now that I'm retired, I could put this money to better use. I would like to sell these coins but can't find the company. I have four Morgan silver dollars, two Walking Liberty half dollar coins and one 10-cent Mercury coin, all choice MS65.
Could Action Line provide a little guidance?
Name Withheld,
Plantation
• A: We found a company called Asset Services, but it's based in California and works on real estate.
Your best bet would be to go to a local coin dealer that might buy back the coins. Try Gables Coin & Stamp, 322 Miracle Mile, Coral Gables (305-445-7561). It has been around a long time.
You could also try selling your coins online. Those MS65 coins, also known as gem coins, have no carbon spots visible to the eye without the aid of a magnifier. They're rarities because they're stamped more than once; the detail of the coin is dramatic.
We found a Morgan dollar being sold on eBay for $1,500. Morgan dollars were minted in the U.S. from 1878 to 1904 and again in 1921. Walking Liberties, which were minted between 1916 and 1947, are being sold on eBay for more than $1,000 each. Mercury Dimes, minted between 1916 and 1945, are going for $600.
For more details, visit the American Numismatic Association, www.money.org or www.coinresource.com. You could also call the U.S. Mint's Customer Care Center at 800-USA-MINT (800-872-6468), toll-free.
Q: In 1986, at the suggestion of my financial advisor, I purchased $5,000 worth of coins from a company called Asset Services in West Des Moines, Iowa.
Now that I'm retired, I could put this money to better use. I would like to sell these coins but can't find the company. I have four Morgan silver dollars, two Walking Liberty half dollar coins and one 10-cent Mercury coin, all choice MS65.
Could Action Line provide a little guidance?
Name Withheld,
Plantation
• A: We found a company called Asset Services, but it's based in California and works on real estate.
Your best bet would be to go to a local coin dealer that might buy back the coins. Try Gables Coin & Stamp, 322 Miracle Mile, Coral Gables (305-445-7561). It has been around a long time.
You could also try selling your coins online. Those MS65 coins, also known as gem coins, have no carbon spots visible to the eye without the aid of a magnifier. They're rarities because they're stamped more than once; the detail of the coin is dramatic.
We found a Morgan dollar being sold on eBay for $1,500. Morgan dollars were minted in the U.S. from 1878 to 1904 and again in 1921. Walking Liberties, which were minted between 1916 and 1947, are being sold on eBay for more than $1,000 each. Mercury Dimes, minted between 1916 and 1945, are going for $600.
For more details, visit the American Numismatic Association, www.money.org or www.coinresource.com. You could also call the U.S. Mint's Customer Care Center at 800-USA-MINT (800-872-6468), toll-free.
0
Comments
<< <i>You could also try selling your coins online. Those MS65 coins, also known as gem coins, have no carbon spots visible to the eye without the aid of a magnifier. They're rarities because they're stamped more than once; the detail of the coin is dramatic.
We found a Morgan dollar being sold on eBay for $1,500. Morgan dollars were minted in the U.S. from 1878 to 1904 and again in 1921. Walking Liberties, which were minted between 1916 and 1947, are being sold on eBay for more than $1,000 each. Mercury Dimes, minted between 1916 and 1945, are going for $600. >>
What moron is writing this newspaper column?
Russ, NCNE
Bad buy AND bad advice. Not a red letter day for him.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
<< <i>Those MS65 coins, also known as gem coins, have no carbon spots visible to the eye without the aid of a magnifier. They're rarities because they're stamped more than once; the detail of the coin is dramatic. >>
My icon IS my coin. It is a gem 1949 FBL Franklin.
They did provide "little guidance"
Oh boy. He is not going to be a happy camper. He also got some bad advice in the newspaper column. If I were giving the advice in that paper, I would have said something like this:
Dear Name Withheld, we did a bit of research and suggest that you start by purchasing this item.. To complement your investing experience, you should also purchase a few handfuls of this. It can be found locally. Good luck.
<< <i>From the Miami Herald. Who thinks this is going to have a happy ending? >>
If Michigan posted the story, I know it doesn't have a happy ending.
An authorized PCGS dealer, and a contributor to the Red Book.
<< <i>Oh boy. He is not going to be a happy camper. He also got some bad advice in the newspaper column. If I were giving the advice in that paper, I would have said something like this:
Dear Name Withheld, we did a bit of research and suggest that you start by purchasing this item.. To complement your investing experience, you should also purchase a few handfuls of this. It can be found locally. Good luck. >>
Now thats funny right there! As my Dad would say; he carries (his you know what!) around in a wheel barrel its so big, and it's gonna be dry!
The cloud MAY have a silver lining. Remember, in 1986, MS 65 was about as high as the TPGs would grade submissions. If they aren't ugly, technically graded coins (the ones we see on the bourse in 1st generation holders at show after show), some of them may be MS 66 or MS 67 by today's standards.
Otherwise, it's bend over, I think I love you........
"Seu cabra da peste,
"Sou Mangueira......."
<< <i>The cloud MAY have a silver lining. Remember, in 1986, MS 65 was about as high as the TPGs would grade submissions. If they aren't ugly, technically graded coins (the ones we see on the bourse in 1st generation holders at show after show), some of them may be MS 66 or MS 67 by today's standards. >>
He doesn't say the coins are third party graded. In fact, I'd bet dollars to donuts that they aren't.
Russ, NCNE
I was in my local coin shop when a woman and her son brought in one of those.
A witty saying proves nothing- Voltaire (1694 - 1778)
An error does not become truth by reason of multiplied propagation, nor
does the truth become error because nobody will see it. -Mohandas K. Gandhi (1869-1948)
Another sorry camper about to drive home with a flat tire.................
The name is LEE!