so a family friend wants me to look at her coins
chumley
Posts: 2,305 ✭✭✭✭
the mystery lady(I didnt get permisson to use her name) used to run a local antique shop here in town.She dropped off a 207 item list this morning.A list of the seated liberty halfs 1840.. 1842..1844-47..1849..1850..1852-54..1856..1858..1860..1863-65 and 1873......I get to see them Friday
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That sounds way better than the 1964 halves, Ike dollars, $2 bills, bicentennial coins, and SBA dollars I usually see when I get asked to do that for someone... have fun!
Appears to be better than the usual HSN gold plated or otherwise "enhanced" state or national quarters.
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Sounds like a fun opportunity!
Keep us posted.
yes keep us posted! very interested in knowing
It's going to take a long time to properly evaluate, grade, and price 207 coins. As an antique shop dealer she should pay you an appraisal fee of at least give you first shot at buying them.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Sounds like fun
prepare her before she comes.
just because it is old does not mean it is worth millions.
give price ranges for a coin - 1840 heavily worn to brand new and the consequences on the price from cleaning and scratches. also make her aware that every coin has been counterfeited and you'll be checking that. too.
Tell her not to clean them up. A lady once called me up with some great type coins to see. When she got to the shop, they were freshly cleaned and I told her that if they were naturally dirty like coins get , they would be worth hundreds of dollars. She grabbed her coins and started shouting at me that she took longer to get to the shop because she wanted to clean them so she could get more money. Man, she was pissed and I have no clue who she sold them to. Give your acquaintance an advance notice, please.
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Since she ran an antique shop, hopefully she's aware that old doesn't necessarily mean valuable and that condition and originality have a major impact on value.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Maybe, and it would be fair,she may offer him a coin or two for free for his efforts, if she will not agree to an appraisal fee.
Ya don't know until you see it. Could be gold, could be stinker, ya never know
A local coin club member who used to work in a coin shop was telling me that people would bring in buckets of coins that had grease, junk, maybe some unmentionables, and other assorted crap all over them and mixed in with the coins AND that they were expected to sort through and figure out all that crap. Said he just hated it. At least your lady was considerate.
BTW, where were you last weekend? Tom Reynolds says hi.
Always builds anticipation.... sometimes it is treasure, many times trash. Went through it many times where I worked in Seattle.... and managing the disappointment (most times) is always tricky.....7 times out of 10 they think you are scamming them when you tell them they are worth very little.... I always kept the number of two coin shops handy and told them to take them there......All except for one time, they came back and said "You were right."... The one time the individual did not come back was because he was too proud... I called the shop and they said they told him the same thing. Cheers, RickO
Are you interested in buying the coins, or just doing an appraisal ? Here's how to do it. Tell her you will charge $XXX per hour for the appraisal, but if she will sell the coins to you at your appraised price, you will waive the fee. Learned this from my dear departed dealer and mentor. He once spent two days appraising a collection for a doctor here in Seattle area. After the appraisal was done, all he got was "thank you, I'll let you know if I'm interested."
UPDATE....the lady had about 20 seated liberty half dollars but all were cleaned....peace dollars,halfs and quarters I would consider 90% material and then these three coins......1895 liberty half cent,1805 draped bust half dollar and a 1796 bust quarter...... the half cent and bust quarter were both 2 grams heavy..... the bust half came with edge lettering,unfortunately not a feature offered in 1796...so all conterfeits
I think you mean 1795 half cent. Can we get some pics of the non bullion coins?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
My favorite part of this hobby/business is the treasure hunting.
Thanks for the update.
Not quite the best treasure, but a lot more interesting than the usual common 90%.
This is a one way ticket to not seeing them at all!