Looking for a buyer of Jefferson Nickels
Jinx86
Posts: 3,710 ✭✭✭✭✭
I have a customer with a massive collection of Jefferson's almost all in PCGS/NGC holders. I would wager and say 275-300 slabs and another 100 or so raw pieces. This is a set 1938-2016 with SMS and Proofs all throughout and multiples of many coins.
Ive gone through a fair portion and my number wasn't even half of what he was looking to get out of it. I wasn't trying to lowball offer either, just buy safe and hope for a dealer wanting the whole lot. He was rather disappointed and is going to be picking the set up, might take it to the other B&M in town, but I don't think he is going to be interested in anything but better dates/grades.
I am hoping to find him a buyer, who would possibly travel.
So if this might interest you, PM me and I can give him your info when he arrives.
Ive gone through a fair portion and my number wasn't even half of what he was looking to get out of it. I wasn't trying to lowball offer either, just buy safe and hope for a dealer wanting the whole lot. He was rather disappointed and is going to be picking the set up, might take it to the other B&M in town, but I don't think he is going to be interested in anything but better dates/grades.
I am hoping to find him a buyer, who would possibly travel.
So if this might interest you, PM me and I can give him your info when he arrives.
0
Comments
The 39d of course is the main seller. Most of the set coins even slabbed just don't have a lot of value. Many wont bring more then certification cost. The early proof and SMS cameos and some of the errors if included would be the exceptions as would be FS coins.
The fact you even offered on the set should be viewed as a favor as many of these coins will sit a long time and sell for less they did even five years ago.
Maybe your client wants to step up and send them to great collections and let the price fall where it may , any dealer who even wants these will go low since they dont move fast.
2. Tell him that he can always go to Ebay and try to sell them at his price.
3. Then after Ebay teaches him #1, buy the coins for what you originally offered him.
My intial thought was "good luck with that"
peacockcoins
wait for it.....
it's coming......
Last coin in the set is a 1979d. Damn, been a lot of years gone by without so much as a peep.
I will not be updating.
bob
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I sold my FS collection around 2002-3 when I saw this trend developing. I still actively collect Proof/MS coins raw and the Proofs from 1938-1970 in slabs when I see a nice coin I can afford or one to upgrade my set. I believe there are many of us who do that, but to move an entire collection as you have described it is probably a Herculean task. there are dealers who buy/sell these, so individually they might be sold. the only dealer I know who could be a possible buyer would be Angel Dee's, but that is off of a memory that's more than 10 years old.
if you get the sellers contact info you should probably check back with him in a few weeks after he is unsuccessful in moving the whole collection. he will probably be willing to accept some sort of piecemeal arrangement at that time.
I would imagine that to get the most bang for the buck, they should be sold individually, instead of as a set.
This is exactly what I pointed out to the seller. It only confused him more.
I do think the TPG price guides have given him an unrealistic idea of what his coins are actually worth on the auction block; one I remember had an NGC price guide value of $1500 or more while the last example sold at GC for around $45(that's with the buyer's premium).
I myself have a few Jefferson Nickels. There are some great looking coins in the series and I really only care to buy a few, never a set. Personally, not being a passionate FS buyer, I have a hard time paying anything more than $25 for a Jefferson Nickel.
there are a lot of coins you'll never own.
if I was offered a morgan collection I would be offering 85-95% of recent sales.
Unless you are a jefferson seller not many dealers would stock such a collection.
I would imagine that to get the most bang for the buck, they should be sold individually, instead of as a set.
This is exactly what I pointed out to the seller. It only confused him more.
I do think the TPG price guides have given him an unrealistic idea of what his coins are actually worth on the auction block; one I remember had an NGC price guide value of $1500 or more while the last example sold at GC for around $45(that's with the buyer's premium).
I myself have a few Jefferson Nickels. There are some great looking coins in the series and I really only care to buy a few, never a set. Personally, not being a passionate FS buyer, I have a hard time paying anything more than $25 for a Jefferson Nickel.
I'm trying to sell 5 Jefferson Nickels all PCGS MS65 or MS66. For more than 30 days I've had them listed on Ebay at BIN prices around 70% of PCGS Price Guide and not even a nibble.
The Jefferson Nickels (PCGS MS65 or MS66) that I've purchased for my collection I've gotten off Ebay for around half the PCGS Price Guide listings and perhaps I still paid too much.
that should be 2 points higher these days.....TMO anyways...........I'll keep em there and off the market
Steve
Hee he YES the market is a little soft.......I blame gradeflation.........I have stuff that that was slabbed 15 years ago
that should be 2 points higher these days.....TMO anyways...........I'll keep em there and off the market
Steve
grade inflation is a myth - very few coins will go up 2 points
what is the rough value of this Jefferson collection? $3K?
back 15 years I used the PCGS price guide at 60% for eBay purchases.
My Ebay Store
I find it kind of funny/ironic that this thread is on the first forum page with two other threads about new Jefferson nickel purchases.
+ another one on nickels
you'll have to read the first sentence of my page one post, I can't quote myself!!
amen.
Jefferson will have his day.
Mebbe not that old stuff you collect though.
Jefferson Nickels are still actively collected, either raw or slabbed. the problem arises when you have a price guide such as the PCGS or NGC online guides which cause a seller/collector/dealer to surmise that their coins are worth the guide price. speaking only for the slabbed coins, there are plenty which are mis-graded or mis-designated as far as the steps are concerned, so buyers are very discriminating. in addition, while the coins are indeed plentiful they are scarce across the series in grades MS66FS and above, sometimes non-existent/rare for certain date/mm combinations in any FS grade. the result of all this is that collectors who know their series are cautious.
I sold my FS collection around 2002-3 when I saw this trend developing. I still actively collect Proof/MS coins raw and the Proofs from 1938-1970 in slabs when I see a nice coin I can afford or one to upgrade my set. I believe there are many of us who do that, but to move an entire collection as you have described it is probably a Herculean task. there are dealers who buy/sell these, so individually they might be sold. the only dealer I know who could be a possible buyer would be Angel Dee's, but that is off of a memory that's more than 10 years old.
if you get the sellers contact info you should probably check back with him in a few weeks after he is unsuccessful in moving the whole collection. he will probably be willing to accept some sort of piecemeal arrangement at that time.
From what I've noticed, it seems that the price guides (even graysheet) are in general . . . well . . . . generous with most of the present coin series' except maybe condition rarities.
HH
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!