I'd be looking into what it would cost me, in terms of the lost "original roll premium," if there even is one, to put together a 50 State Quarter Dansco album, both mints, of coins cherrypicked for quality. This would take up much less space, be easy to look at, and give you a memento of your father-in-law that could fit on a bookshelf rather than in coolers. Likewise for the America the Beautiful quarters.
@Lemoncadebay said:
Don't take my advice. But, I'd hit a coinstar.
Why would you take out of rolls to give Constar their 10% when you can get face at banks?
agree...you could just turn them into the bank...no fee...they are already rolled!
your best bet is to pull out a roll...don't open it. look up what it says on ebay and check "completed" so that you can see what if any rolls like that sold for. if it's worth your time to sell, then do so. otherwise, deposit.
for example: i put in "$10 america beautiful acadia quarter roll"
i checked completed in the sidebar. i see one roll (P) sold for 13.50 with free shipping. i also see a D and P that sold for 17.50 each.
write that down for every roll of those you have and see which are worth selling and which are worth depositing in the bank.
i do think that if you have all the coins from 2000 to 2014 for that, you could sell a set of rolls and probably get some decent return on ebay. it's a time vs. money proposition.
take the time to figure out using the method i told you about how much they are roughly worth. then, consider whether any could be rare or interesting. then, figure out if it's worth any more time for you to sell them on your own. otherwise, cut your losses and deposit them.
coinstar is the worst idea yet. sorry, but really.
Some of the half dollar rolls and Sacagawea rolls from the Mint do carry a decent premium, depending on the year. The sate quarters about 20% over face value.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
for example: i put in "$10 america beautiful acadia quarter roll"
i checked completed in the sidebar. i see one roll (P) sold for 13.50 with free shipping. i also see a D and P that sold for 17.50 each.
$13.50 - the 13% + 30c vig is $11.46. Then subtract shipping ($3.32 on 10 oz.) and the cost of the mailer (21c if you buy them 100 at a time) and you're netting $7.94 on a roll of quarters, making CoinStar seem like a bargain. You'd need to sell a roll of quarters for $15.88 and buy your mailers in bulk just to break even.
I've bought year runs from a couple of people on here
And that is the answer to the problem of selling single rolls on ebay. One lot of a run will sell enough over face to make it worth it. Quarter runs can fit in a large flat rate box if packed and taped properly.
for example: i put in "$10 america beautiful acadia quarter roll"
i checked completed in the sidebar. i see one roll (P) sold for 13.50 with free shipping. i also see a D and P that sold for 17.50 each.
$13.50 - the 13% + 30c vig is $11.46. Then subtract shipping ($3.32 on 10 oz.) and the cost of the mailer (21c if you buy them 100 at a time) and you're netting $7.94 on a roll of quarters, making CoinStar seem like a bargain. You'd need to sell a roll of quarters for $15.88 and buy your mailers in bulk just to break even.
Just one more input.... take a complete inventory..... there must be more than what is visible in that one picture....then post it here....Or, if you do something else, please let us know what the outcome was. Cheers, RickO
@bigtom23 said:
I see on eBay that they seem to sell for slightly over face, but a local dealer told me he would just be able to give me face value for them. I don't think eBay would be worth the hassle for me, so I don't know if the dealer is the best option?
I would take the coins to a bank before I sold the items to a dealer for face value. I agree with those telling you to pull valuable varieties and rolls that have a premium. You can cash in the rest.
This makes no sense. If you sell to a dealer, whatever collector value there is remains. If it goes to the bank, nobody gets any value out of it.
I would take the coins to a bank before I sold the items to a dealer for face value. I agree with those telling you to pull valuable varieties and rolls that have a premium. You can cash in the rest.
This makes no sense. If you sell to a dealer, whatever collector value there is remains. If it goes to the bank, nobody gets any value out of it.
It makes sense in that you aren't going to cave into a dealer's request to pay face value, which any person on the street would give you. Who knows, someone at the bank might pluck them out and get satisfaction from them. Before giving them to a dealer for face value, I'd go to a coin show and offer them to other collectors at face value. I know some dealers who would give me free table space to do that. It would be good for their business too.
I once received approx a dozen, fresh, crisp unc, 1934 $10 silver certs with consecutive serial numbers from cashing my pay check at a local bank in the mid-1970's. The dealer in that town offered me $10.25 each. I spent them instead. Frankly, that dealer never did me any favors, so why return them one?
@roadrunner
I agree that giving them to a collector is the best option even at face value (although I'm sure most collectors would probably offer a modest premium). I have a Dansco album of Kennedys. I'd pay a small premium for some original rolls I could search through.
@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.
@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.
@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.
@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.
@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.
@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.
@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.
@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.
@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.
@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.
@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.
@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.
@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.
@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 a waste of your and a dealers time!
Pat Vetter,Mercury Dime registry set,1938 Proof set registry,Pat & BJ Coins:724-325-7211
Many thoughtful and generous recommendations here. But you describe a VAST number of rolls and bags (you said there were "a few coolers!!). You do have to consider what your time is worth. Are you working? You have a family: do you have children?
The point is, we're talking about many MANY hours of work here to sift through all this stuff for items of modest value, if there are any. If you aren't a coin hobbiest and are starting with no or very little background about coins, then these many, many hours are further burdened by the tedium of it all. Unless you have intrinsic interest and, for some reason, a LOT of time on your hands, we have to assume that your personal "hourly rate" (both monetarily and emotionally) has a price as well, which I submit you should seriously factor in.
Sure, I'd go through the pile making sure he didn't get any gold/silver/platinum coins from the Mint in the course of all this activity (I'd be surprised if he didn't, since he obviously did a bunch of business with the Mint), But as for the rest of it, if I didn't have personal fascination and if I had other demands on my time and attention, I wouldn't mess with it. IMHO, haul that other stuff to the nearest bank.
Based on what's in the pics on the Reddit thread, get an appraisal -- there's lots of stuff there that's worth way beyond face, i.e. silver commemoratives, etc.
Based on the reddit pics, I would say that the modern stuff, just use ebay as a reference point (completed sales).
For the items listed in the notes, that is where I would get an independent appraisal, if I were him. Someone who will be honest about the grade and whether the coin should go to PCGS (or whatnot) for grading (ie...is it worth it?) or if there are any problems.
Who knows if what is written down is accurate as to grade? Or even if they are problem free.
I hope they are, as that would be cool.
@bigtom23 said:
I see on eBay that they seem to sell for slightly over face, but a local dealer told me he would just be able to give me face value for them. I don't think eBay would be worth the hassle for me, so I don't know if the dealer is the best option?
I would take the coins to a bank before I sold the items to a dealer for face value. I agree with those telling you to pull valuable varieties and rolls that have a premium. You can cash in the rest.
This makes no sense. If you sell to a dealer, whatever collector value there is remains. If it goes to the bank, nobody gets any value out of it.
Exactly. We both know the dealer is going to sell it for a premium and most brick and mortar shops will hold out for a strong premium. If he cannot put up even a token/ nominal premium above face value, why should the OP go out of his way to enrich the dealer and lug all of the coins into his shop? A short trip to the closest bank would make more sense to me. Assuming the goal here is liquidation, the ultimate fate and "collector value" to future owners is immaterial IMHO.
@david3142 said: @roadrunner
I agree that giving them to a collector is the best option even at face value (although I'm sure most collectors would probably offer a modest premium). I have a Dansco album of Kennedys. I'd pay a small premium for some original rolls I could search through.
Selling them to a collector or young numismatist at face would be preferable to the bank. In any event, I stand by my comment that I would cash them into the bank before selling to a dealer at face.
Thanks - I posted to the reddit thread, and advised the person to check back here for a list of some of the bags and rolls that might be worth over face.
Take a look at the notes he posted on the reddit post: imgur.com/a/AKEOV
There is quite an array of substantial material. I even saw a 1915 Lincoln Cent listed as Matte Proof 65. Makes ya wonder if some of the coins are certified. There is quite a bit of gold as well!
According to the Reddit information, there is much, much more to this collection than just the moderns.... This seriously needs a professional appraisal. Cheers, RickO
@dpoole said:
It WAS hard to believe that someone so invested in coins would have limited his interest to rolls and bags of modern clads.
I was just as hard to believe the large number of people suggesting the coins be spent or given to a dealer/bank at face value...based on a cursory look.
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.
Nice list. Carson City dollars, proof Indian cents and Liberty Nickels and a matte proof Lincoln. The 7 1/2, 10, and 15 Rouble Russian coins are worth upwards of $500 each. Guess grandpa wasn't as big a fool as he first appeared to be.
@dpoole said:
It WAS hard to believe that someone so invested in coins would have limited his interest to rolls and bags of modern clads.
I was just as hard to believe the large number of people suggesting the coins be spent or given to a dealer/bank at face value...based on a cursory look.
The people saying deposit or otherwise dispose at or near face all referenced the "time and trouble and transport" aka "shipping and handling" in their responses. I guess it depends upon one's tolerable "hourly rate" and whether they enjoy spending their time eeking out a few percent and also possibly tithing to eBay, PayPal, the USPS, and Staples/Office depot.
@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 great advice. Unfortunately, from your pics, I would think I would add a strong emphasis on the Step 2 caveat since most of this looks to be of limited value. Still, you'll never know until you do a proper inventory. And if you are willing to do a little work, you'll ensure that you don't sell too low.
Another word on appraisals, which are different than buy offers as noted above. Appraisals, or an appraisal for insurance replacement value purposes, will give you the best information on the market value of a collection. You must pay for it since professional dealers are entitled to be compensated for their expertise, but most can do it more quickly than you think. Often, it isn't worth expenditure to have such an appraisal done, because the value of the collection is small; however, it is the safest way to go if you have real value in the collection.
If a dealer charges you to go though all of that stuff, it might cost you more for his time than you'd get over face. Most of it is worth face value. One suggestion would be to sort it and make a list of what's there and maybe some select pics. Keep a running total of the face value. With a little digging you should be able to sort out what may be worth more than face and what isn't. You could contact a few dealers in your area to see if there is any interest and/or maybe offer it here. Check with your bank to see if there would be any restrictions to depositing the stuff. I can't imagine they'd want that many Kennedy halves.
@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.....
Comments
I'd be looking into what it would cost me, in terms of the lost "original roll premium," if there even is one, to put together a 50 State Quarter Dansco album, both mints, of coins cherrypicked for quality. This would take up much less space, be easy to look at, and give you a memento of your father-in-law that could fit on a bookshelf rather than in coolers. Likewise for the America the Beautiful quarters.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
agree...you could just turn them into the bank...no fee...they are already rolled!
your best bet is to pull out a roll...don't open it. look up what it says on ebay and check "completed" so that you can see what if any rolls like that sold for. if it's worth your time to sell, then do so. otherwise, deposit.
for example: i put in "$10 america beautiful acadia quarter roll"
i checked completed in the sidebar. i see one roll (P) sold for 13.50 with free shipping. i also see a D and P that sold for 17.50 each.
write that down for every roll of those you have and see which are worth selling and which are worth depositing in the bank.
i do think that if you have all the coins from 2000 to 2014 for that, you could sell a set of rolls and probably get some decent return on ebay. it's a time vs. money proposition.
take the time to figure out using the method i told you about how much they are roughly worth. then, consider whether any could be rare or interesting. then, figure out if it's worth any more time for you to sell them on your own. otherwise, cut your losses and deposit them.
coinstar is the worst idea yet. sorry, but really.
Some of the half dollar rolls and Sacagawea rolls from the Mint do carry a decent premium, depending on the year. The sate quarters about 20% over face value.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
$13.50 - the 13% + 30c vig is $11.46. Then subtract shipping ($3.32 on 10 oz.) and the cost of the mailer (21c if you buy them 100 at a time) and you're netting $7.94 on a roll of quarters, making CoinStar seem like a bargain. You'd need to sell a roll of quarters for $15.88 and buy your mailers in bulk just to break even.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
We have a buyer!
I've bought year runs from a couple of people on here
And that is the answer to the problem of selling single rolls on ebay. One lot of a run will sell enough over face to make it worth it. Quarter runs can fit in a large flat rate box if packed and taped properly.
exactly
Just one more input.... take a complete inventory..... there must be more than what is visible in that one picture....then post it here....Or, if you do something else, please let us know what the outcome was. Cheers, RickO
This makes no sense. If you sell to a dealer, whatever collector value there is remains. If it goes to the bank, nobody gets any value out of it.
I dislike threads where the OP registers, asks a question, and never returns. Still has a post count of 1.
It makes sense in that you aren't going to cave into a dealer's request to pay face value, which any person on the street would give you. Who knows, someone at the bank might pluck them out and get satisfaction from them. Before giving them to a dealer for face value, I'd go to a coin show and offer them to other collectors at face value. I know some dealers who would give me free table space to do that. It would be good for their business too.
I once received approx a dozen, fresh, crisp unc, 1934 $10 silver certs with consecutive serial numbers from cashing my pay check at a local bank in the mid-1970's. The dealer in that town offered me $10.25 each. I spent them instead. Frankly, that dealer never did me any favors, so why return them one?
@roadrunner
I agree that giving them to a collector is the best option even at face value (although I'm sure most collectors would probably offer a modest premium). I have a Dansco album of Kennedys. I'd pay a small premium for some original rolls I could search through.
This is a waste of your and a dealers time!
14 successive AMRC quotes?
Many thoughtful and generous recommendations here. But you describe a VAST number of rolls and bags (you said there were "a few coolers!!). You do have to consider what your time is worth. Are you working? You have a family: do you have children?
The point is, we're talking about many MANY hours of work here to sift through all this stuff for items of modest value, if there are any. If you aren't a coin hobbiest and are starting with no or very little background about coins, then these many, many hours are further burdened by the tedium of it all. Unless you have intrinsic interest and, for some reason, a LOT of time on your hands, we have to assume that your personal "hourly rate" (both monetarily and emotionally) has a price as well, which I submit you should seriously factor in.
Sure, I'd go through the pile making sure he didn't get any gold/silver/platinum coins from the Mint in the course of all this activity (I'd be surprised if he didn't, since he obviously did a bunch of business with the Mint), But as for the rest of it, if I didn't have personal fascination and if I had other demands on my time and attention, I wouldn't mess with it. IMHO, haul that other stuff to the nearest bank.
Here's a warning parable for coin collectors...
There's a lot more involved than what was pictured here.....
[https://reddit.com/r/coins/comments/5voajh/inherited_coins_now_what/]
Hmmmm looking at the reddit post there is a lot more......
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
Based on what's in the pics on the Reddit thread, get an appraisal -- there's lots of stuff there that's worth way beyond face, i.e. silver commemoratives, etc.
Based on the reddit pics, I would say that the modern stuff, just use ebay as a reference point (completed sales).
For the items listed in the notes, that is where I would get an independent appraisal, if I were him. Someone who will be honest about the grade and whether the coin should go to PCGS (or whatnot) for grading (ie...is it worth it?) or if there are any problems.
Who knows if what is written down is accurate as to grade? Or even if they are problem free.
I hope they are, as that would be cool.
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
Exactly. We both know the dealer is going to sell it for a premium and most brick and mortar shops will hold out for a strong premium. If he cannot put up even a token/ nominal premium above face value, why should the OP go out of his way to enrich the dealer and lug all of the coins into his shop? A short trip to the closest bank would make more sense to me. Assuming the goal here is liquidation, the ultimate fate and "collector value" to future owners is immaterial IMHO.
Selling them to a collector or young numismatist at face would be preferable to the bank. In any event, I stand by my comment that I would cash them into the bank before selling to a dealer at face.
the reddit log has some proof indian cents and liberty nickels
Thanks - I posted to the reddit thread, and advised the person to check back here for a list of some of the bags and rolls that might be worth over face.
According to the list that was left, there are some $2.5, $5, and $10 gold coins also. Getting a little more interesting!
Take a look at the notes he posted on the reddit post:
imgur.com/a/AKEOV
There is quite an array of substantial material. I even saw a 1915 Lincoln Cent listed as Matte Proof 65. Makes ya wonder if some of the coins are certified. There is quite a bit of gold as well!
According to the Reddit information, there is much, much more to this collection than just the moderns.... This seriously needs a professional appraisal. Cheers, RickO
Change: a verb. Though, it's a noun, in this case.
``https://ebay.us/m/KxolR5
It WAS hard to believe that someone so invested in coins would have limited his interest to rolls and bags of modern clads.
Here's a warning parable for coin collectors...
Are the pictures still showing? I keep getting "no longer available". On my phone l.
eBay ID-bruceshort978
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I was just as hard to believe the large number of people suggesting the coins be spent or given to a dealer/bank at face value...based on a cursory look.
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.
Dealing in Canadian and American coins and historical medals.
Nice list. Carson City dollars, proof Indian cents and Liberty Nickels and a matte proof Lincoln. The 7 1/2, 10, and 15 Rouble Russian coins are worth upwards of $500 each. Guess grandpa wasn't as big a fool as he first appeared to be.
The people saying deposit or otherwise dispose at or near face all referenced the "time and trouble and transport" aka "shipping and handling" in their responses. I guess it depends upon one's tolerable "hourly rate" and whether they enjoy spending their time eeking out a few percent and also possibly tithing to eBay, PayPal, the USPS, and Staples/Office depot.
Liberty: Parent of Science & Industry
Pass on birth year dates to his grandkids.
No Way Out: Stimulus and Money Printing Are the Only Path Left
If you cant retail on ebay or table from show:
Spend them at drive thrus - fast food forever....
Keep some rolls in the car and pay for gas.
No Way Out: Stimulus and Money Printing Are the Only Path Left
The log book
"Keep your malarkey filter in good operating order" -Walter Breen
No further updates from the OP?? Cheers, RickO
This is great advice. Unfortunately, from your pics, I would think I would add a strong emphasis on the Step 2 caveat since most of this looks to be of limited value. Still, you'll never know until you do a proper inventory. And if you are willing to do a little work, you'll ensure that you don't sell too low.
Another word on appraisals, which are different than buy offers as noted above. Appraisals, or an appraisal for insurance replacement value purposes, will give you the best information on the market value of a collection. You must pay for it since professional dealers are entitled to be compensated for their expertise, but most can do it more quickly than you think. Often, it isn't worth expenditure to have such an appraisal done, because the value of the collection is small; however, it is the safest way to go if you have real value in the collection.
Tom
If a dealer charges you to go though all of that stuff, it might cost you more for his time than you'd get over face. Most of it is worth face value. One suggestion would be to sort it and make a list of what's there and maybe some select pics. Keep a running total of the face value. With a little digging you should be able to sort out what may be worth more than face and what isn't. You could contact a few dealers in your area to see if there is any interest and/or maybe offer it here. Check with your bank to see if there would be any restrictions to depositing the stuff. I can't imagine they'd want that many Kennedy halves.
Why? Unless you want to be forced to spend the money in a way that doesn't cost you a fee.
Does anyone else find it odd that the OP posted ONCE (and only once on the forum) and nothing since?
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Some just prefer to call in, then hang up and listen.
Didn't know that option was available.
Most find entertainment elsewhere. Some come here for therapy.
``https://ebay.us/m/KxolR5
Always is.
reddit click bait?
Never thought of that. Pretty good chum.
This is worth repeating and taken as sound advise.....
I might respond when OP bigtom gets to 3 posts
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