They're back! It's the elderly couple with the cardboard boxes full of US Mint products ...

291fifth · June 12, 2016 11:28PM

Let's say they started buying from the mint in 1968 and have bought nearly everything since. It is all in original packaging, never opened. How would you react to being offered their accumulation of coins? They won't break it up, you must make an offer on the entire lot. What would you do?

hchcoin · June 12, 2016 11:31PM

The last time I sold a group just as you described for someone the coin shop I sold them to made a very fair offer. They are a large dealer with lots of wholesale connections and had no problem moving the material.

TopographicOceans · June 12, 2016 11:32PM

Originally posted by: 291fifth
Let's say they started buying from the mint in 1968 and have bought nearly everything since.

Just Proof & Mint Sets, or commemoratives and gold and platinum?

291fifth · June 12, 2016 11:39PM

Originally posted by: TopographicOceans

Originally posted by: 291fifth
Let's say they started buying from the mint in 1968 and have bought nearly everything since.

Just Proof & Mint Sets, or commemoratives and gold and platinum?

Assume they bought one of everything.

BillJones · June 12, 2016 11:48PM

There is a demand from collectors for Proof and Mint Sets in really pristine boxes and envelopes with the COA's where those were issued with the sets. If the coins are really nice without spots, I know that there are dealers who will pay 100% of bid for such items.

A lot of modern Proof sets have been separated from their original boxes. Some of the boxes are really beat up and scared. The sets which have all of the parts in really good shape are worth more, but they have to be "all there."

topstuf · June 13, 2016 12:22AM

I could always dump this junk, but as presented it sounds like it could take a day to tell the wholesaler wtf you had.

Pass.

BStrauss3 · June 13, 2016 12:43AM

There are a lot of opportunities in there for cherrypicking - but it's sight unseen, you don't know if you find a valuable variety or not. So your offer has to be based on what you can unload it for assuming nothing special. You are also going to spend a lot of time doing this.

AUandAG · June 13, 2016 1:24AM

I see "unopened" material going for a lot more than opened, searched material on ebay.

How many collectors can order a proof set from 1975 that has not been seen before? The thrill of the hunt still exists for some.

bob

thebeav · June 13, 2016 5:14AM

I wish I had 10 dollars for every proof and mint deal that I spent time working up a number for.
All too much of that stuff is below cost. When people see that, they often run.......after all, it's coins !
Everyone knows they're an investment, and they only go up in value.

DIMEMAN · June 13, 2016 5:23AM

Wouldn't be worth the time and trouble to me.

grip · June 13, 2016 7:24AM

Rather buy stock in tulips.

topstuf · June 13, 2016 9:16AM

Originally posted by: grip

Rather buy stock in tulips.

Dutch sealed?

cladking · June 13, 2016 9:27AM

Unless you're a specialist dealer then it might be wise to pass. Don't get me wrong the stuff will wholesale around 105% of bid to the right dealer but it might require some shopping around. The opportunities for Gems and varieties is very high but this is what buyers are looking for anyway in proof and mint sets. Some of this stuff is going to trade based on melt value for the main part.

I think you'll find that the accumulation doesn't go back as far as 1968. Typically now days even elderly peoples' accumulations start in the mid to late-'70's.

If you feel lucky then snag it and you can get fair money for about 10 coin per box and the rest will bring 100% of bid. "Fair money" in this case means the coins will net 10 to $1000 but will almost all will be toward the low side.

It's going to take a lot of time and effort.

Surely you can just flip it easily enough (except for postage).

291fifth · June 13, 2016 5:27PM

Just for the record ... there is no deal here. This is strictly hypothetical.

PollywogRancher · June 13, 2016 6:56PM

Like any other deal, you figure it out as to a fair price X knowing that you can sell it for X +15-20%. They can choose to accept or pass like any other deal. You're in business and that's just what you have to do. Over the years, I found that it was always best to offer a fair price on anything because you never knew what else was coming up behind with any other stuff that they might have had. I would never say that I didn't deal in whatever, especially modern 'junk'.

ricko · June 13, 2016 11:16PM

I have an accumulation of mint sets... proof/unirc.... have been thinking about unloading them,

most have not been out of the boxes (not the shipping sleeve, although there are a few of them).

Many, I did not even look at, just put them in storage I suppose I should at least inventory what I have... Cheers, RickO

They're back! It's the elderly couple with the cardboard boxes full of US Mint products ...

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