Advice on "disposing" of bulky coins

Bothuwui · April 28, 2007 9:45AM

This may be better on the BST, but I'm going to post here first.

I bought a brick of the Washington $'s, and 100 of the FDCC. I think I got caught up in the craze. I ended up overextending myself, and now I need the money for something a little more important to me. Since these are bulky/heavy products that aren't worth much of a premium over what I bought them at, I don't want to mess with shipping. If I take them to a coin show to sell:

a) Will I be able to find a buyer?
b) If so, what could I expect to get?

The Ohio State Numismatic Association show is in a few weeks, and I was hoping to unload them there, along with a few other items taking up room in my safe.

RYK · April 28, 2007 9:50AM

<< <i>This may be better on the BST, but I'm going to post here first.

I bought a brick of the Washington $'s, and 100 of the FDCC. I think I got caught up in the craze. I ended up overextending myself, and now I need the money for something a little more important to me. Since these are bulky/heavy products that aren't worth much of a premium over what I bought them at, I don't want to mess with shipping. If I take them to a coin show to sell:

a) Will I be able to find a buyer?
b) If so, what could I expect to get?

The Ohio State Numismatic Association show is in a few weeks, and I was hoping to unload them there, along with a few other items taking up room in my safe. >>

Craze? What craze?

You could always spend the $1's.

Bothuwui · April 28, 2007 10:01AM

Already spent about 500 GW $'s! Strange thing is, I keep expecting to get weird looks or questions, but everyone has just happily accepted them or just asked if these were the new dollar coins.

Can't bring myself to crack the seal on the brick though. Maybe the craze is all in my head. I see a new mint product and I want it.

tsacch · April 28, 2007 10:36AM

Spend away man, spend. How much is a brick?

Russ · April 28, 2007 10:37AM

Why not just take the brick to the bank?

Russ, NCNE

Russ · April 28, 2007 10:38AM

<< <i>How much is a brick? >>

$1000.

Russ, NCNE

LindeDad · April 28, 2007 10:47AM

As mentioned just deposit the brick into your checking account. It would be the same as giving them 1000 rag bucks they might not like it but will take them.
The covers might sell at a show. Or another idea is that I have seen them listed in bulk lots on eBay. And flat rate boxes for mailing are not that costly.

mach19 · April 28, 2007 10:58AM

Flat rate priority box, $8.10 anywhere in the U.S. Try on the BST

Bochiman · April 28, 2007 11:01AM

Didja spend more than face value for the brick? If not, take it to the bank or you can do the coin show and likely get face anyway (at which point, the dealer will sell them for $1.75 each to people

).

If you paid more than face, then make a decision if you need the $1000 enough to possibly eat whatever loss you will incur from getting only face.

For the GW FDCC, you can seel on the BST or just send back to the USMint...you should still be in your 30 day period, right?

ddink · April 28, 2007 11:05AM

You should be able to undercut everyone on eBay with unopened 50 coin FDCC boxes and still make about $200 profit, after fees, for selling 100 FDCCs.

Bothuwui · April 29, 2007 6:27AM

Spent face on the brick, but I don't want to tick of my bank by bringing it back, they've been pretty good about helping me out with coins. I may post on the BST and see if I can get any takers for both, if not, I'll pursue some of the other suggestions. Thanks everyone.