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any advice about which dealers buy modern Mint material?

DennisHDennisH Posts: 14,011 ✭✭✭✭✭
in U.S. Coin Forum
Got a call yesterday from one of my mom's oldest friends (he's about 80) who has been buying proof sets and mint sets from the Mint for about 20 years; he has some silver quarters but no gold or ASEs. Now he wants to unload the stuff, but since I've never had anything to do with that market I have no clue where to direct him.

Does anyone have any advice? Let's not even consider eBay.
When in doubt, don't.

Comments

  • RichieURichRichieURich Posts: 8,566 ✭✭✭✭✭
    I would call Modern Coin Mart.

    An authorized PCGS dealer, and a contributor to the Red Book.

  • DennisHDennisH Posts: 14,011 ✭✭✭✭✭


    << <i>I would call Modern Coin Mart. >>

    Thanks Rich!
    When in doubt, don't.
  • derrybderryb Posts: 37,704 ✭✭✭✭✭
    why don't you put it on the BST for him?

    No Way Out: Stimulus and Money Printing Are the Only Path Left

  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭


    << <i>why don't you put it on the BST for him? >>

    That sounds like a good idea to me.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • DennisHDennisH Posts: 14,011 ✭✭✭✭✭


    << <i>why don't you put it on the BST for him? >>

    Logistics; I'm here and he's there, and in order to do this right I'd need to see and verify what he has.
    Shipping; getting that much bulk sent anywhere (to me for instance) will be expensive. Then it still needs to go to the buyer.
    Trust; all of us here know how and why the BST works, but how do you get that across to someone else?
    Odds of success; does modern Mint "stuff" in bulk really have a market here?
    When in doubt, don't.
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭


    << <i>

    << <i>why don't you put it on the BST for him? >>

    Logistics; I'm here and he's there, and in order to do this right I'd need to see and verify what he has.
    Shipping; getting that much bulk sent anywhere (to me for instance) will be expensive. Then it still needs to go to the buyer.
    Trust; all of us here know how and why the BST works, but how do you get that across to someone else?
    Odds of success; does modern Mint "stuff" in bulk really have a market here? >>



    Not really I have been unloading some of my sets on eBay most at less than I purchased it from the mint for. In mosat cases this stuff sells for a loss so try not to get any hopes up.
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • MsMorrisineMsMorrisine Posts: 36,066 ✭✭✭✭✭
    I agree.

    They likely will sell for less than purchase price.

    I'd be showing eBay completed auction prices as proof.



    There are exceptions: silver and select prestige sets and others.



    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • PinkFloydPinkFloyd Posts: 1,762 ✭
    Easiest would probably be Modern Coin Mart. Good outfit. I agree with Ms. and the others, he'll get less than the purchase price. Unless there are silver proof sets, etc. in there.
    Successful transactions with keepdachange, tizofthe, adriana, wondercoin
  • OPAOPA Posts: 17,143 ✭✭✭✭✭
    Give the sets to the grand kids ...
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 37,704 ✭✭✭✭✭


    << <i>Give the sets to the grand kids ... >>


    and avoid any capital gains on the "gift"

    No Way Out: Stimulus and Money Printing Are the Only Path Left

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