"Raw" coin disposal?

Bankerbob56

As a youngster many years ago, I collected raw Washington quarters. Originally in a blue Whitman album, eventually transferred into a nicer Dansco. I acquired coins in 64 and higher, and bought a few TPG slabs, cracked the coins and placed them nicely into the Dansco, and retained the grading "slip of paper" within the album. Over the years I have evolved into collecting high-end Washingtons for the Registry set. I have decided to "let go" of the raw set, which contains all regular issues except the 32D and S which were never cracked for the album..... My question is this, do I try to sell the "complete" collection intact, or do I piecemeal it out to dealers, ebay, etc..... No need for the money, just have too many coins!!! So I am in no hurry to dispose of it, just looking for the expert's opinions.

Before the rule Nazis jump all over this post, it is not an offer to sell these coins (any interest could be sent to me in a PM however ;D) so I dont feel this question needs to be directed to the BST boards!!!

Thanks!!

MsMorrisine

will the raw set come with the 32d and s ??? if so, I'd say try to sell it as a set.

Bankerbob56

No the 32 D and S are pc64 and 65 respectively, and will remain in my Registry Set.....

LindeDad

I am afraid another is going to find out how expensive it is to crack.

Type2

Sounds like a nice set what will the set sell for in one pice and what will you get all apart. you know what will sell 1st then you will have all the rest that no one will pay you good $$ for. We just did this at the coin shop customers came in took all the good stuff and left the fillers. I offered to buy the set but they did not want to sell it as is. So now they have the set with alot of holes.

AUandAG

Piecemeal.

Might want to get them all graded again to optimize value.

bob

Bankerbob56

<< <i>I am afraid another is going to find out how expensive it is to crack. >>



I only cracked out 10-12 coins. The nicest is a 36D in an old green holder...it was a 64 coin which I may consider re-holdering. It may come back as a 65 coin. The others were 64-65 coins. The cracked 34D and 35D are nice (64's) but I only paid a couple hundred (+/- 300 each) a piece. The dealer I used was good to advise me to avoid cracking the 32D and S....

LindeDad

Good luck on getting the better ones back into slabs. Even though this involves some expense it might be the best way to go as the more common coins in the series are really kind of dead on the market now. I sold a graded MS65 1944 for about standard grading fees over the weekend.

messydesk

Look at some price guides. Where the upside to slabbing is considerably more than the cost of doing so, reslab the coins, and where it isn't, don't bother. For example, if your 32 was in a 65 holder, you will most likely be able to get 64 money for it raw, because there's a pretty good jump in price from 64 to 65, and the typical buyer isn't going to want to pay the premium without the plastic. On the other hand, a 41-S in 64 is worth only a few dollars more than it is in 63, which doesn't seem to make it worth the expense of reslabbing.

Bankerbob56

For all the dealers online, how would you price this if someone walked in off the street and wanted a buy offer? Would you simply peruse the book, make an overall assessment, or simply offer melt? Or would you spend the time pricing a few of the keys and offer melt for the rest?

originalisbest

I am thinking such a straightforward question may not get the most straightforward of answers.

What I'd do is try selling them individually here on the BST boards. You may not get sales or you may, but the cost to do so is nil, other than your time and posting images.

As you might expect, selling as a group will net you a faster check, but since you don't need to sell, I'd try to sell here and one at a time. Only slab those pieces worth the potential reward, as others have said.

TPRC

That is a real dilemma. Let's face it, you will not maximize your return by selling the coins raw. On the other hand, the cost of re-slabbing non-key coins may be prohibitive, or at least a cost concern. I have a similar situation...a mostly complete quarter set with lots of non-slabbed high end coins, and multiple coins of certain dates, some with color...and too many lower value coins...but I do not have the 3 or 4 key dates in high grade. For myself, I decided that I will either just keep the set and enjoy it, or I will keep a few type pieces and sell the rest as a set to a dealer friend. I do not have time to spend parsing out each coin. For you, it depends on how much time you have. If I were you, I would keep the keys, as you intend to do, re-slab the semi-keys at PCGS and then sell them (heck, they may even upgrade), and then sell the rest as a group unslabbed. If you have a lot more time, then you can do otherwise, and I don't think the BST is a bad idea at all. If you have any high grade ones with nice toning, you may want to slab these as well. These can do pretty well even in this quarter market.
Good luck.

hiijacker

<< <i>Look at some price guides. Where the upside to slabbing is considerably more than the cost of doing so, reslab the coins, and where it isn't, don't bother. For example, if your 32 was in a 65 holder, you will most likely be able to get 64 money for it raw, because there's a pretty good jump in price from 64 to 65, and the typical buyer isn't going to want to pay the premium without the plastic. On the other hand, a 41-S in 64 is worth only a few dollars more than it is in 63, which doesn't seem to make it worth the expense of reslabbing. >>



what he said

Cougar1978

I think I would just keep the raw set and add a 32D and 32S possibly in circulated grade to fill the holes. With this my raw set would be complete and a super conversation / display piece. An acquaintance of mine, a project engineer, has a raw set of Washington Quarters his deceased father put together in the 1950's and 1960's. Slabbing them is unthinkable to him and he considers it a family artifact. His wife (a corporate HR officer) adds "Why would someone spend good money (slabbing them) doing that, what nonsense. They all look nicer in the book. You mean those people need an opinion to tell them a lot of those coins are Gem BU (laughing)? Just look at the coins."

However, Teletrade Raw Coin Service can be a real good way to get rid of raw coins but the slabbing fees will eat you up.