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I just bought 150 pennys from an estate seller

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  • astroratastrorat Posts: 9,221 ✭✭✭✭✭


    << <i>

    << <i>If I may ask, how much did you pay for this lot? >>


    Ill reveal what I paid when I get an idea of what its worth. The prices marked are 40-50 years old at least.
    It cost me about the same a taking my wife and four kids to dinner at The Texas Roadhouse with a tip.. >>

    Not to pile on ... but the retail prices of a lot of coins from the 1960s and 1970s have not changed that much and often are higher due to what was "hot" (e.g. "BIE" cents) and grading that was all over the map. Ask anyone who works in a B&M about "old time" collections they see and they'll tell you the same thing. Lincoln cents were HOT (much as a result of the 1955 doubled die) and prices was strong.

    Most importantly, if it cost you about the same as a fun night with the family and you (and perhaps the family) get a lot of enjoyment from the coins ... then you did just fine ... regardless of the numismatic value of the coins.

    BTW ... for those contemplating the cost ... in East Texas, a family of 6 night out at the Texas Roadhouse of modest meals plus tip could easily be north of $100.
    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
  • rmpsrpmsrmpsrpms Posts: 1,904 ✭✭✭✭✭
    Some of these dates are fairly valuable if they are die varieties. A few to check:

    1925-S (check for doubled mintmark
    1917 (check for doubled date)
    1935 (check for doubled date)
    1936 (check for doubled date)
    1941 (check for doubled LIBERTY)
    1943-D (check for strong doubled mintmark)
    1943-S (check for strong doubled mintmark)
    1944-D (check for the two D/S over mintmarks)
    1946-S (tough to see but check for the S/D over mintmark)
    1951-D (check for the two D/S over mintmarks)
    1952-D (check for the D/S over mintmark)
    1953-D (check for strong doubled mintmarks)
    1955 (check for the doubling all over)
    1956-D (check for strong doubled mintmark)
    1958 (check for doubling all over)



    PM me for coin photography equipment, or visit my website:

    http://macrocoins.com
  • My final cost for this lot was exactly $0.00.


  • << <i>Some of these dates are fairly valuable if they are die varieties. A few to check:

    1925-S (check for doubled mintmark
    1917 (check for doubled date)
    1935 (check for doubled date)
    1936 (check for doubled date)
    1941 (check for doubled LIBERTY)
    1943-D (check for strong doubled mintmark)
    1943-S (check for strong doubled mintmark)
    1944-D (check for the two D/S over mintmarks)
    1946-S (tough to see but check for the S/D over mintmark)
    1951-D (check for the two D/S over mintmarks)
    1952-D (check for the D/S over mintmark)
    1953-D (check for strong doubled mintmarks)
    1955 (check for the doubling all over)
    1956-D (check for strong doubled mintmark)
    1958 (check for doubling all over) >>


    Thank you very much. This is exactly what I need to know. I will take a close look at these dates. Much appreciated.
  • braddickbraddick Posts: 24,165 ✭✭✭✭✭
    ^



    << <i>

    << <i>If I may ask, how much did you pay for this lot? >>


    Ill reveal what I paid when I get an idea of what its worth. The prices marked are 40-50 years old at least.
    It cost me about the same a taking my wife and four kids to dinner at The Texas Roadhouse with a tip.. >>






    image
  • braddickbraddick Posts: 24,165 ✭✭✭✭✭


    << <i>My final cost for this lot was exactly $0.00. >>




    image
  • NotSureNotSure Posts: 2,978 ✭✭✭


    << <i>My final cost for this lot was exactly $0.00. >>



    Can you expound on this? In your title, you state you bought these from an estate seller, indicating you paid for these....???
    I'll come up with something.
  • FullStrikeFullStrike Posts: 4,353 ✭✭✭
    Most Coin Shops if you walked in with $3000 retail of assorted 2X2's would yawn then nod off for a bit and offer you $10
    with a " an I'm doing you a favor attitude". So I'd say all is not lost yet for you.

    But judging a lots worth from a group photo is a tough call. Get a list going and try to grade them - somehow , and go from there.
    You just might have something there. Looks cool anyway.


  • << <i>

    << <i>My final cost for this lot was exactly $0.00. >>



    Can you expound on this? In your title, you state you bought these from an estate seller, indicating you paid for these....??? >>


    I purchased this lot and two pieces of paper money. I sold one today. It covered my cost so my final cost for this lot is exactly +$150. So far its a winner and I have not sorted them out so its only + from here. Looks like a few trips to the Roadhouse in the future. I really like the rib eye. You know when you walk in you can pick your own. I think its a little more tender when cooked medium well. Not as chewy as when medium. Of course you cant beat the flavor of medium rare.
  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    << <i>Looks like a few trips to the Roadhouse in the future. >>



    Are the baked potatoes any good? They are a bit mealy at some restaurants.
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  • OverdateOverdate Posts: 7,052 ✭✭✭✭✭
    I don't see any keys, but some of the earlier coins (such as the 1913 cents) bring upwards of $10 each in XF or better condition on eBay.

    My Adolph A. Weinman signature :)



  • << <i>

    << <i>I purchased this lot and two pieces of paper money. I sold one today. It covered my cost so my final cost for this lot is exactly +$150. So far its a winner and I have not sorted them out so its only + from here. Looks like a few trips to the Roadhouse in the future. I really like the rib eye. You know when you walk in you can pick your own. I think its a little more tender when cooked medium well. Not as chewy as when medium. Of course you cant beat the flavor of medium rare. >>



    What did you pay for the coins? >>


    Nothing
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  • BochimanBochiman Posts: 25,431 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>I purchased this lot and two pieces of paper money. I sold one today. It covered my cost so my final cost for this lot is exactly +$150. So far its a winner and I have not sorted them out so its only + from here. Looks like a few trips to the Roadhouse in the future. I really like the rib eye. You know when you walk in you can pick your own. I think its a little more tender when cooked medium well. Not as chewy as when medium. Of course you cant beat the flavor of medium rare. >>



    What did you pay for the coins? >>


    Nothing >>




    You seem to be saying that because you sold a piece that you purchased WITH the coins and have recouped your cost.
    However, I think what people are asking is what value of the total cost had you attributed to the coins at the time of purchase?

    It's all great and dandy that you bought a few things and have already gotten your money back so the rest is just a bonus, but it doesn't mean you paid nothing (unless you bought the paper and they threw in the coins).

    To me, it doesn't matter. You paid what you were willing and you are having fun. That's the good part. You made your money back, plus some, on the entire deal. That's the other good part.

    I just don't like those getting on your for the cost nor do I really like your playing around on the answer. To me, it is ok, and more respectable, to say "none of your business" or to give an honest number. I just don't like the games I guess.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • No games bro. It is almost rude to ask what someone paid I think. I didnt want to come out and behave that way myself so I was avoiding it. Since you came out and accused me of playing games the I have no choice. Its nobodys business what I paid.
  • ConstantineConstantine Posts: 2,369 ✭✭✭


    << <i>No games bro. It is almost rude to ask what someone paid I think. I didnt want to come out and behave that way myself so I was avoiding it. Since you came out and accused me of playing games the I have no choice. Its nobodys business what I paid. >>



    Huh? In reading your words posted in this thread you said you would reveal what you paid under a condition that you found out what they are worth first. Then you said your cost is a family dinner of 6. Then you said your cost is nothing through some kind of mental cost basis shifting due to selling other items that were part of the deal. And then finally, you said the above.

    It sounds like you are the one playing games.
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  • TomBTomB Posts: 21,433 ✭✭✭✭✭


    << <i>No games bro. It is almost rude to ask what someone paid I think. I didnt want to come out and behave that way myself so I was avoiding it. Since you came out and accused me of playing games the I have no choice. Its nobodys business what I paid. >>



    You specifically stated in an earlier post that you would tell folks what you paid once you had an idea of what you had in the lot. There were no additional caveats attached to that earlier post. If you do not recall, you wrote the quoted text below-

    "Ill reveal what I paid when I get an idea of what its worth."

    You appear to have thin skin when asking others for their time, knowledge and information on items that you had purchased. If you do this too often, some folks might not be so happy, eager and quick to help you in the future. Flame me if you want, but this is sound advice from a mostly level-headed adult.
    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • EthanEthan Posts: 315 ✭✭
    All it takes is one. In your favor is a collector put them together and marked a few with prices. That could be a good thing. Best of luck to you.
    "A gun is like a parachute. If you need one, and don't have one, you'll probably never need one again.

    “I want you to remember that no * ever won a war by dying for his country. He won it by making the other poor dumb * die for his country”
  • pennyanniepennyannie Posts: 3,929 ✭✭✭
    You got ripped, welcome to the club.image
    Mark
    NGC registry V-Nickel proof #6!!!!
    working on proof shield nickels # 8 with a bullet!!!!

    RIP "BEAR"
  • Type2Type2 Posts: 13,985 ✭✭✭✭✭


    << <i>No games bro. It is almost rude to ask what someone paid I think. I didnt want to come out and behave that way myself so I was avoiding it. Since you came out and accused me of playing games the I have no choice. Its nobodys business what I paid. >>

    So how much did you pay. The truth shell set you free and it's sunday..... image


    Hoard the keys.
  • sparky64sparky64 Posts: 7,041 ✭✭✭✭✭


    << <i>What did you pay for the coins? >>



    That's a clown question bro. image

    image

    "If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"

    My Washington Quarter Registry set...in progress

  • NotSureNotSure Posts: 2,978 ✭✭✭


    << <i>What did you pay for the coins? >>



    image


    edited to add....

    Seriously, though, the rib eye is delicious in medium rare, though mom LOVES it while it's still 'bleeding'. I think they put it on the grill for 2 mins a side, just to get a grill mark on it for her! I just can't eat it that rare, it's like rubber, almost need a scalpel to cut it. I used to work at the Texas Roadhouse while in H.S., and they DO have great beef, and the fact you can pick your own is a plus....though, sometimes, you don't want to know what happens inside the kitchen. image Whatever you do, DO NOT p.o. the server!!!! lol
    I'll come up with something.
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  • MsMorrisineMsMorrisine Posts: 33,465 ✭✭✭✭✭
    wow

    75 posts and most are trying to find out what was paid and very little of trying to help the guy discover what coins he has.

    disgusting. (and I'm usually more pleasant than this, no?)


    go through them with the guy and all the profit/loss will fall out.

    Instead the new guy from the currency forums gets exposed to the ugly side as to why we have rules. pitiful.


    Can't you (plural) just get the basic better dates looked at, look at some earlier dates then do the jumping to conclusions? Apparently not. We've already got some 3 cents each as people apparently can grade from those photos.




    The guy obviously does not want to tell what he paid because of the negativity he's getting, and I don't blame him.

    Walk him through, and the numbers will come out in the wash. (But no, that's too hard to do for the new guy and, guess what, you may never be told now.)



    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 33,465 ✭✭✭✭✭


    << <i>to start, let's go by just dates... (and ignore mintmarks, which will make a difference)

    1909
    1914
    1922
    1931


    do you have any from the above years? >>




    So, back at it....


    what do you have from the above years, and did you check the 1909 for the mint mark and the VDB on the bottom center reverse?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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  • DentuckDentuck Posts: 3,819 ✭✭✭
    I believe the Original Poster has already said how much he paid for the coins; not in a ledger-book accounting
    of dollars and cents, but in relative value --- the cost of two adult meals and four children's meals at a nice
    casual-dining steakhouse. (I'm assuming two adults even though he only mentioned feeding his wife
    and kids; who's gonna sit and watch his family dig into a steak dinner without indulging himself?) So figure
    about $120 after tax and tip.

    It sounds as if he knew enough about the paper money to feel comfortable taking a shot in the dark
    with the coins. Kind of like a coin collector buying a couple better-date Mint State Morgan dollars for a
    very good price, and also taking the seller's old album of vintage foreign banknotes (or postcards, or
    autographs, or stamps, or what-have-you) for an extra $120 even though he knows nothing about them.





  • braddickbraddick Posts: 24,165 ✭✭✭✭✭
    I shall burn in hell for this, but I absolutely don't believe the "purchase a couple of notes- flipped one and profit..." story.


    It is what a child would pretend if somewhat cornered.
  • GotTheBugGotTheBug Posts: 1,661 ✭✭✭✭✭
    Dayum, all this talk of Texas Roadhouse steaks is making me hungry. A new one just opened a couple of miles from here - I'll have to check it out.

    As far as the coins go, what you paid is secondary to enjoyment, and since you made out on the positive side you can have that much more fun with it....
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  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    << <i>One meal at a truly good steakhouse may cost the same as 3 meals at Texas Roadhouse, but oh man, it will be worth every dime. >>



    ....as well as every penny!
  • NotSureNotSure Posts: 2,978 ✭✭✭
    How's about going with 'The Ol' 96'er', like Mr. Candy in 'The Great Outdoors'.....

    image
    I'll come up with something.
  • NotSureNotSure Posts: 2,978 ✭✭✭
    Was in Orlando a few years ago.....Charley's Steakhouse...a 50 oz Porterhouse w/a 1 1/4 lobster tail, couldn't see the plate. Finish it, and you get your name on a plaque on the wall (I'm a two-timer, twice in the same week...just awesome!). Not free like the 'Ol' 96'er' if you finish it, and it's in the neighborhood of about $120, and that came with a huge loaded baked potato. Finished it all both times, but when asked if I wanted desert, thought they were joking, but they were serious, and woofed down some kind of chocolate cake creation.....lol (gave me a free desert to take with me the second time). Just thinking about it, makes me want to do it again!
    I'll come up with something.


  • << <i>I believe the Original Poster has already said how much he paid for the coins; not in a ledger-book accounting
    of dollars and cents, but in relative value --- the cost of two adult meals and four children's meals at a nice
    casual-dining steakhouse. (I'm assuming two adults even though he only mentioned feeding his wife
    and kids; who's gonna sit and watch his family dig into a steak dinner without indulging himself?) So figure
    about $120 after tax and tip.

    It sounds as if he knew enough about the paper money to feel comfortable taking a shot in the dark
    with the coins. Kind of like a coin collector buying a couple better-date Mint State Morgan dollars for a
    very good price, and also taking the seller's old album of vintage foreign banknotes (or postcards, or
    autographs, or stamps, or what-have-you) for an extra $120 even though he knows nothing about them. >>


    You nailed it!
  • georgiacop50georgiacop50 Posts: 2,909 ✭✭✭✭
    +1 'cos this is a great thread!
  • BochimanBochiman Posts: 25,431 ✭✭✭✭✭


    << <i>No games bro. It is almost rude to ask what someone paid I think. I didnt want to come out and behave that way myself so I was avoiding it. Since you came out and accused me of playing games the I have no choice. Its nobodys business what I paid. >>




    No, you are playing games. I agree it is rude to ask what someone paid, but if you spent any time around here, you will see that is the norm for some folks. It is what it is. One can choose to ignore or not. One can choose to answer in a polite way or not. You went with the games. You aren't the only one. More than you do it. It just gets stupid with the games and all the back and forth. At the end of the day, the money is from your wallet and no one here. The profit, or loss, of fun, is yours. Not ours.

    If there's a next time, just man up and say "no comment" or "not your business" if someone asks. But, come here asking for valuations and wanting to see how you did, and people will want to know what you are comparing it to (ie...your cost).

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • SanctionIISanctionII Posts: 12,224 ✭✭✭✭✭
    This thread is both interesting, irritating, illuminating and educational all at the same time.

    Interesting, irritating, illuminating and educational all for various reasons. You have a currency guy stepping into the "coin pool" by purchasing a group of coins as a part of a deal where he acquired some currency [his area of expertise] with the cost of the coins being around what it would cost to take a family out to dinner at a Texas Roadhouse. You have the buyer posting about his purchase on the US Coin Forums and posting pictures of the newly acquired coins, obviously to jump into the coin side of the forums and seek advice, opinions, kudos, props, welcomes, etc. You have replies that are supportive, that are welcoming, that are critical and that are skeptical. You have the buyer replying back in ways that some folks disagree with, thereby prompting further negative replies. You have some replies that are objective and helpful. You have some replies that are not.

    My view of things is that the buyer stepped out of his collecting area and spent some dollars to pick up a rather wide ranging set of older Lincoln cents. Sort of like a grab bag or bargain bin set up. It could be that there is nothing of note of of significant value in the 150 cents. Then again, it may be that some or many or all of the cents are worth significantly more than the purchase price [based upon actual rarity, condition rarity, variety, error or other factors that are not readily apparent in the posted photographs]. I personally would enjoy spending time looking at each and every coin in the bunch just to snoop and see what goodies may be there.

    I am sure that most, if not all, of us have done this type of thing in the past. Some may win, some may lose, some may break even but we all had some fun.

    I do not get the replies that criticize the buyer. I also do not get the buyer being inconsistent in his replies about what he paid and disclosing same (though I do understand coming into a new place being unsure of one's self when you experience less than 100% positive feedback).

    In any event, Welcome to the US Coin Forums. I hope your newly acquired coins will give you a number of hours of enjoyment and learning of a new area. I also hope you find some interesting, high quality and valuable coins in the group. Even if you do not, you can still enjoy the ride. If you chose to do so, you can keep the forum members posted on what you find by giving updates and by posting high quality pictures of any good stuff you find. We all like to participate in going through new bulk acquisitions.

    Do not also get too bent out of shape with what some other forumites post in this thread. People here can be quite blunt in their opinions, but overall there is a vast amount of knowledge and experience and wisdom present on the coin forums (probably just like the currency forums and sports card forums and stamp forums) that can really help you out.

    Again, Welcome.
  • Thank you for that post. Its was not my intention to play any games. I was reluctant to post what I paid because of some of the responses. In all honesty I paid $250.00. I sold one banknote for $400. That covered the cost of these Lincolns and the banknote itself. My kids eat like its going out of style. Four teenagers. So my tab at the Roadhouse which includes a few or maybe quite few image drinks and tip would land me and my wife around $250.00.
    A couple of really nice members here have emailed me and offered to help me when I can take some good images with value. One nice person even made me a strong offer to buy the whole lot for a good profit based on what he could see he stated it has a very good upside potential. I have held off on his offer because I think even one really good coin could be worth his offer. I may change my mind and let him have it. I just havent decided. He didnt accuse me of playing games. He told me his offer stands. So I may or may not "flip" it. I was not prepared for such a diverse range of responses. Regardless I appreciate them all. Sorry if it appears I was playing games. I will be more careful how or if I post again.
  • MsMorrisineMsMorrisine Posts: 33,465 ✭✭✭✭✭
    if?



    you have a diverse set of responses and a diverse set of people. Just like America.



    Take the good with the bad, and bytthat I mean don't worry about the negative responses .



    can you provide a date and mintmark list?






    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • mariner67mariner67 Posts: 2,746 ✭✭✭


    << <i>Oh chit , did I actually read all these pages.......to find out that for a vegan like me the roadhouse makes some rare bloody messes per orderimage >>



    I figure...if god did not want us to eat animals he would not have made them out of meat!

    image
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,440 ✭✭✭✭✭
    Not to be too vegan, but they're cents or pennies image
  • 3keepSECRETif2rDEAD3keepSECRETif2rDEAD Posts: 4,285 ✭✭✭✭✭


    << <i>

    << <i>Oh chit , did I actually read all these pages.......to find out that for a vegan like me the roadhouse makes some rare bloody messes per orderimage >>



    I figure...if god did not want us to eat animals he would not have made them out of meat!

    image >>



    ...vegan/vegetarian in Native American translates to "bad hunter." image

    Erik
  • kazkaz Posts: 9,202 ✭✭✭✭✭
    Welcome to the forum! I hope you have some nice coins in that group of cents and look forward to seeing some close up photos. Also hope your teenagers don't eat you out of house and home. (Ours went vegan for a while which kept the costs down but she has since reverted to omnivore after leaving the nest).
  • 291fifth291fifth Posts: 24,417 ✭✭✭✭✭
    You appear to have purchased a lot of what I call "service charge" coins. These are coins which have, according to pricing guides, some value. Unfortunately, virtually all of the prices listed are nothing more than a service charge for the dealer bothering to handle coins like this.

    Anyone who has any experience with the stamp business will know exactly what I am talking about.

    Unless there is a high grade key or semi-key date hiding in that lot you overpaid. You will probably find that the costs associated with selling that type of material will be more than what you can make.

    Sorry to be blunt but lots consisting of low value coins should be avoided in the current numismatic environment.
    All glory is fleeting.
  • GrumpyEdGrumpyEd Posts: 4,749 ✭✭✭
    $250 is high for the group.
    I would check for varieties and if nothing is found I'd unload it if there was an offer.

    The list that rmpsrpms posted is a good one, look up those varieties on the web or on Coppercoins and check for them.
    Who knows, if lightning strikes and there's a high grade 1917 DDO worth thousands in the bunch you'll be a happy camper and a variety hunter for life. The odds are against it but you need to look before you let it go. Good Luck!
    Ed
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,440 ✭✭✭✭✭


    << <i>You appear to have purchased a lot of what I call "service charge" coins. These are coins which have, according to pricing guides, some value. Unfortunately, virtually all of the prices listed are nothing more than a service charge for the dealer bothering to handle coins like this.

    Anyone who has any experience with the stamp business will know exactly what I am talking about.

    Unless there is a high grade key or semi-key date hiding in that lot you overpaid. You will probably find that the costs associated with selling that type of material will be more than what you can make.

    Sorry to be blunt but lots consisting of low value coins should be avoided in the current numismatic environment. >>



    This is one of the most gracious posts on this thread, in my humble opinion. I do not think it's blunt , at all. It cuts through the chase, and as hard as some truths are to swallow, your posts never sugar coat the harshness of reality.
  • I paid $250 to the seller because I had to in order to buy the paper. As I said before I sold a note for the price of the deal and I am left with one banknote and the Lincolns. I have recouped all my money and in the end I am way ahead. I also know for a fact there is at least 30 good coins here so far. Say what you want but I think it was well worth it.
  • 3keepSECRETif2rDEAD3keepSECRETif2rDEAD Posts: 4,285 ✭✭✭✭✭
    100

    Erik

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