@AMRC said:
Step 1 - Seek out a qualified PCGS/NGC Authorized Dealer that does qualified appraisals.
Step 2 - Get a qualified appraisal done - Not a Buy offer, but a real fee-based Market Appraisal.
Step 2 Caveat - If it is all the same type of stuff as in the photo, modify Step 2 to be "create an inventory by Denomination, Date and Type.
Step 3 - Decide what if anything you want to keep as mementos etc.
Step 4 - Decide if you want to wholesale it en masse, or take a shot at selling it yourself. The Appraisal should include both a retail and "expected" wholesale value (if the appraiser is worth his salt). Do not let anyone TELL you what the right thing to do here is. I have seen it work both ways, but consider the time and energy it REALLY takes to take that on.
Step 5 - Sell the rest via wholesale (easy but less return) or retail (more work, but higher return). If you choose the wholesale route, talk to a few dealers and pick the one that YOU are most comfortable with.
This is worth repeating and taken as sound advise.....
How much would you charge to appraise that mess? Assume that you're not going to get the coins offered to you.
Just playing devil's advocate here, but what if the dealer proposed to the potential seller that he or she could take the face value material to the bank OR leave it with him? At least the dealer is being up front in that scenario. Having worked at a shop for many years, I would just say that not all dealers are looking to nab FV stuff and scam people out of a small profit. It's often burdensome material to hang onto anyway.
I didn't say the dealer was trying to rip off the original poster. If I was a dealer, I wouldn't want the state quarter material and don't necessarily blame him (although it would be stupid if there are other coins as the Reddit post suggests there are including classic gold). From a selling standpoint, I would rather spend or deposit them a few at a time at a bank. If I wouldn't get anything above face out of it, why would I hand them out to someone else to make money on?
@cameonut2011 faced with the option of hauling an ice cooler's worth of state quarter rolls to the bank or leaving it with a dealer who readily admits he will attempt to make a small profit, I have no issue leaving it with the dealer. Why not support collectors and dealers who make the hobby viable? Surely the thought of someone making a small amount of money off state quarters isn't that horrible. If the dealer is honest and wants to give it a go, I would encourage it. Again, biased opinion here, but that's how I see it. The other material is obviously an entirely different matter.
Anyone who said this is a "waste of a dealers time" does not understand the role of a bonified dealer. Please let me explain. I get calls from people like this all the time. They are calling me because they do not know what to do, and more time than not, want to get rid of what they have in a fair and timely manner. If I only went to calls where I made my judgment from one photo like this, I would have missed many opportunities. If I did get out there and all three of the coolers were like this, it is not a "waste of my time," I know this may sound strange but I actually like what I do and it is not ALWAYS about buying only things I like/want/think are "valuable. THATS CALLED CHERRY-PICKING! And I do not do it. If you call me, and you want to sell everything, I buy everything. End of story. Sometimes I make a couple of percent, sometimes I get a real winner. But everytime, I try and balance the need of the customer with what I can do for them. REGARDLESS of the profit potential.
The OP did not put this together, they just want to find out what it is worth and then make the best possible decision with it. If I do not do that for them, then yes, I am wasting time, wasting time calling myself a coin dealer that is. Way too many responses here are missing the point that the OP does not know what he has and was asking for advice. Not to come on here and be made to feel silly for not "knowing."
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Comments
How much would you charge to appraise that mess? Assume that you're not going to get the coins offered to you.
@QCCoinGuy said:
I didn't say the dealer was trying to rip off the original poster. If I was a dealer, I wouldn't want the state quarter material and don't necessarily blame him (although it would be stupid if there are other coins as the Reddit post suggests there are including classic gold). From a selling standpoint, I would rather spend or deposit them a few at a time at a bank. If I wouldn't get anything above face out of it, why would I hand them out to someone else to make money on?
@cameonut2011 faced with the option of hauling an ice cooler's worth of state quarter rolls to the bank or leaving it with a dealer who readily admits he will attempt to make a small profit, I have no issue leaving it with the dealer. Why not support collectors and dealers who make the hobby viable? Surely the thought of someone making a small amount of money off state quarters isn't that horrible. If the dealer is honest and wants to give it a go, I would encourage it. Again, biased opinion here, but that's how I see it. The other material is obviously an entirely different matter.
Dealing in Canadian and American coins and historical medals.
Some very interesting posts on this. If I may.
Anyone who said this is a "waste of a dealers time" does not understand the role of a bonified dealer. Please let me explain. I get calls from people like this all the time. They are calling me because they do not know what to do, and more time than not, want to get rid of what they have in a fair and timely manner. If I only went to calls where I made my judgment from one photo like this, I would have missed many opportunities. If I did get out there and all three of the coolers were like this, it is not a "waste of my time," I know this may sound strange but I actually like what I do and it is not ALWAYS about buying only things I like/want/think are "valuable. THATS CALLED CHERRY-PICKING! And I do not do it. If you call me, and you want to sell everything, I buy everything. End of story. Sometimes I make a couple of percent, sometimes I get a real winner. But everytime, I try and balance the need of the customer with what I can do for them. REGARDLESS of the profit potential.
The OP did not put this together, they just want to find out what it is worth and then make the best possible decision with it. If I do not do that for them, then yes, I am wasting time, wasting time calling myself a coin dealer that is. Way too many responses here are missing the point that the OP does not know what he has and was asking for advice. Not to come on here and be made to feel silly for not "knowing."
AMRC, you've provided a couple of great responses. Good insight to an honest dealer's thinking. Thanks!
non-coin collector, did his research, and came to what he thought to be the place for expert advice. Give it to him.
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