A friends collection. What do you guys think?

Kliao · February 8, 2020 6:09PM

Unfortunately some of the coins are in PVC flips

Jimnight · February 8, 2020 6:13PM

I get rushes looking at all those coins. Very nice!

BillDugan1959 · February 8, 2020 6:15PM

It looks like fun. Some of the Trade Dollars may disappoint. It is also odd just how many CC coins are in this group. This group is likely in the top fifty percent of what "just turns up".

hchcoin · February 8, 2020 6:15PM

Looks like a lot of fun. Some nice looking coins in that mix. Make sure the trade dollars are legit. I have seen a lot of fakes with those.

Kliao · February 8, 2020 6:19PM

@BillDugan1959 said:
It looks like fun. Some of the Trade Dollars may disappoint. It is also odd just how many CC coins are in this group. This group is likely in the top fifty percent of what "just turns up".

I was surprised on how many CC dollars there were too!

Kliao · February 8, 2020 6:20PM

@hchcoin said:
Looks like a lot of fun. Some nice looking coins in that mix. Make sure the trade dollars are legit. I have seen a lot of fakes with those.

Trade dollars can be scary to buy. Tons of fakes

ThreeCentSilverFL · February 8, 2020 6:20PM

Looks like a fun endeavor. I wonder about the Trade Dollar’s and the CC’s

mark_dak · February 8, 2020 6:29PM

Your friend kind of "collects" like I do. Quite the eclectic mind managing his purchases.

Cougar1978 · February 8, 2020 6:33PM

I would make inventory list then cost out at blue book. From there decide what to offer if it’s something you want. It may help to call in an experienced partner.

Beware a lot of these types of collections have fakes / problem coins.

Whatever you don’t want over pay.

Friend in coin club will inventory, cost out at blue book (if Uncs / MS60), then get bottom line. Problem / questionable coins valued at zero. Then multiply times a hedge (risk) factor say 60-80 pct get his final offer. Very few of coins in these justify slab cost so lots of raw coins for his collector coin binder pages.

I would ignore any price on holder. I would list it, grade them, cost out at blue book the Calc offer I am comfy with. If they don’t like my offer they can shop it around.

BillDugan1959 · February 8, 2020 6:34PM

Still in the dealer's holders for the most part. The kind of collector who enjoys finding and buying but doesn't care so much afterwards?

AUandAG · February 8, 2020 6:36PM

Some cc prices (on the flip) seem high and some reasonable. Probably retail prices when he bought them? I would be suspect as well on the Trade dollars and certainly would take ALL coin out of the flips to examine and weigh. A two headed Merc? $19 for a well worn Columbia half? But, $225 for an 85cc might be okay if not damaged, etc.

fun group to go through.

bob

Cougar1978 · February 8, 2020 6:53PM

Those retail prices could be from 89 before the crash. One needs to ignore them and do his own grading / calc to arrive at offer.

It takes somebody competent handle this project who knows how grade / price coins to handle something like that. I have on many occasions and it can take time. I try to get a quick, accurate inventory list then cost it out at home. Knowing what it melts for important too.

bombtech25 · February 8, 2020 7:53PM

Address and work schedule please.

lkeigwin · February 8, 2020 11:14PM

That looks like fun. Something could be surprising. Just remember, rare coins are rare.
Lance.

PerryHall · February 9, 2020 2:58AM

Pricing this group of coins will be time consuming. Are you sure he wants to sell them rather than getting a free appraisal?

joeykoins · February 9, 2020 4:22AM

In any case, what a nice problem to have. Love the CC's, if legit?

Kliao · February 9, 2020 5:35AM

I’m going out to look at it today. I’ll update this thread on what happens

oldUScoins · February 9, 2020 5:41AM

I like the cookie container coin holder. Should throw off thieves unless they are hungry.

ricko · February 9, 2020 6:01AM

Wow... a lot of 'stuff' and a lot of what looks like 'good stuff'. Huge project there... The slabbed coins will be easy... but the bulk of the collection is 'hands and eyes' work...This is not a one hour quick appraisal...Cheers, RickO

Crypto · February 9, 2020 6:21AM

Trades are real, looks like a coin collection bought out a few B&Ms and mall stores over the 70s-90s.
Mostly lower grade the kind of set out of coin world bought on price. That said he knew sort of what he was looking at and none look cleaned. I would say top 5% of coin collections not 50%

SimpleCollector · February 9, 2020 6:37AM

The Morgan CC have good looks to them too. HA or GC would have good reference info/prices for slabbed versions of those dollars, and my guess is that for the common date the prices are actually lower than what is listed on the flip. The 85 CC was a tough coin for me to find in f-VF, and likely has good value.

sparky64 · February 9, 2020 6:48AM

What a mess and I love it.
I'd look forward to going through it and doing an inventory.

DelawareDoons · February 9, 2020 7:35AM

Why does everybody seem to think this is for sale and needs management?

It's a nice collection of better stuff, of which 90% appears to be very original. I appreciate their taste.

mbogoman · February 9, 2020 7:42AM

The Morgan and Trade Dollars all look good from here. The color and wear patterns appear authentic.

SilverProofQuarter1883 · February 9, 2020 7:46AM

Wow that is an awesome looking collection. The mess makes it look like a treasure Just discovered.

291fifth · February 9, 2020 7:49AM

A disorganized mess. If he wants you to dispose of it for him, stay away. It will just drain your time unless he offers you a good percentage of the realization. (I fell into this trap back in 2006-7 ... never again. The friend's wife was angry that he gave me 10% of the proceeds. She thought I should have done it for free. (10% was far too low for the amount of work involved.)

The gold coins in your lot will be an easy sell as will the bullion related stuff such as common date Morgans. The other numismatic coins will be a pain to sell.

dan_marinelli · February 9, 2020 8:15AM

He's been at it awhile! Would be fun to go through.

topstuf · February 9, 2020 8:18AM

@291fifth said:
A disorganized mess. If he wants you to dispose of it for him, stay away. It will just drain your time unless he offers you a good percentage of the realization. (I fell into this trap back in 2006-7 ... never again. The friend's wife was angry that he gave me 10% of the proceeds. She thought I should have done it for free. (10% was far too low for the amount of work involved.)

The gold coins in your lot will be an easy sell as will the bullion related stuff such as common date Morgans. The other numismatic coins will be a pain to sell.

Bears repeating. When you've seen tons of disorganized collections, "fun" is the last word you'd think of.

lkenefic · February 9, 2020 8:49AM

Wow... lots to see here! The 85CC looks cleaned to me but the 82CC looks like a nice circulated cameo. Tough to tell from just one image though... this looks like a time consuming project! ...but a lot of fun.

BuffaloIronTail · February 9, 2020 10:29AM

@Jimnight said:
I get rushes looking at all those coins. Very nice!

I agree. Lotta nice stuff there.

Pete

DelawareDoons · February 9, 2020 12:53PM

@291fifth said:
A disorganized mess. If he wants you to dispose of it for him, stay away. It will just drain your time unless he offers you a good percentage of the realization. (I fell into this trap back in 2006-7 ... never again. The friend's wife was angry that he gave me 10% of the proceeds. She thought I should have done it for free. (10% was far too low for the amount of work involved.)

The gold coins in your lot will be an easy sell as will the bullion related stuff such as common date Morgans. The other numismatic coins will be a pain to sell.

@topstuf said:

@291fifth said:
A disorganized mess. If he wants you to dispose of it for him, stay away. It will just drain your time unless he offers you a good percentage of the realization. (I fell into this trap back in 2006-7 ... never again. The friend's wife was angry that he gave me 10% of the proceeds. She thought I should have done it for free. (10% was far too low for the amount of work involved.)

The gold coins in your lot will be an easy sell as will the bullion related stuff such as common date Morgans. The other numismatic coins will be a pain to sell.

Bears repeating. When you've seen tons of disorganized collections, "fun" is the last word you'd think of.

Having the ability to quickly break down, sort and value these types of collections is a skill all on its own, though, and a valuable one to have. I would do this collection for 10% all day on consignment, that is a several hundred dollar pay out for a few hours of work.

291fifth · February 9, 2020 1:30PM

@DelawareDoons said:

@291fifth said:
A disorganized mess. If he wants you to dispose of it for him, stay away. It will just drain your time unless he offers you a good percentage of the realization. (I fell into this trap back in 2006-7 ... never again. The friend's wife was angry that he gave me 10% of the proceeds. She thought I should have done it for free. (10% was far too low for the amount of work involved.)

The gold coins in your lot will be an easy sell as will the bullion related stuff such as common date Morgans. The other numismatic coins will be a pain to sell.

@topstuf said:

@291fifth said:
A disorganized mess. If he wants you to dispose of it for him, stay away. It will just drain your time unless he offers you a good percentage of the realization. (I fell into this trap back in 2006-7 ... never again. The friend's wife was angry that he gave me 10% of the proceeds. She thought I should have done it for free. (10% was far too low for the amount of work involved.)

The gold coins in your lot will be an easy sell as will the bullion related stuff such as common date Morgans. The other numismatic coins will be a pain to sell.

Bears repeating. When you've seen tons of disorganized collections, "fun" is the last word you'd think of.

Having the ability to quickly break down, sort and value these types of collections is a skill all on its own, though, and a valuable one to have. I would do this collection for 10% all day on consignment, that is a several hundred dollar pay out for a few hours of work.

Not if you had to sell it piece by piece on eBay. If all you had to do was dump it quickly I would agree with you because there is considerable value in the gold coins.

DelawareDoons · February 9, 2020 1:33PM

@291fifth said:

@DelawareDoons said:

@291fifth said:
A disorganized mess. If he wants you to dispose of it for him, stay away. It will just drain your time unless he offers you a good percentage of the realization. (I fell into this trap back in 2006-7 ... never again. The friend's wife was angry that he gave me 10% of the proceeds. She thought I should have done it for free. (10% was far too low for the amount of work involved.)

The gold coins in your lot will be an easy sell as will the bullion related stuff such as common date Morgans. The other numismatic coins will be a pain to sell.

@topstuf said:

@291fifth said:
A disorganized mess. If he wants you to dispose of it for him, stay away. It will just drain your time unless he offers you a good percentage of the realization. (I fell into this trap back in 2006-7 ... never again. The friend's wife was angry that he gave me 10% of the proceeds. She thought I should have done it for free. (10% was far too low for the amount of work involved.)

The gold coins in your lot will be an easy sell as will the bullion related stuff such as common date Morgans. The other numismatic coins will be a pain to sell.

Bears repeating. When you've seen tons of disorganized collections, "fun" is the last word you'd think of.

Having the ability to quickly break down, sort and value these types of collections is a skill all on its own, though, and a valuable one to have. I would do this collection for 10% all day on consignment, that is a several hundred dollar pay out for a few hours of work.

Not if you had to sell it piece by piece on eBay. If all you had to do was dump it quickly I would agree with you because there is considerable value in the gold coins.

Even if you had to sell it piece by piece, it is not bad at 10%. A lot of those coins are at least $100, $10 to run an eBay auction is pretty solid in my book. Assuming you have it together and go in with a game plan, thats $10+ a listing, with 5-7 minutes tops to create a listing from start to finish with templates.

291fifth · February 9, 2020 1:38PM

@DelawareDoons said:

@291fifth said:

@DelawareDoons said:

@291fifth said:
A disorganized mess. If he wants you to dispose of it for him, stay away. It will just drain your time unless he offers you a good percentage of the realization. (I fell into this trap back in 2006-7 ... never again. The friend's wife was angry that he gave me 10% of the proceeds. She thought I should have done it for free. (10% was far too low for the amount of work involved.)

The gold coins in your lot will be an easy sell as will the bullion related stuff such as common date Morgans. The other numismatic coins will be a pain to sell.

@topstuf said:

@291fifth said:
A disorganized mess. If he wants you to dispose of it for him, stay away. It will just drain your time unless he offers you a good percentage of the realization. (I fell into this trap back in 2006-7 ... never again. The friend's wife was angry that he gave me 10% of the proceeds. She thought I should have done it for free. (10% was far too low for the amount of work involved.)

The gold coins in your lot will be an easy sell as will the bullion related stuff such as common date Morgans. The other numismatic coins will be a pain to sell.

Bears repeating. When you've seen tons of disorganized collections, "fun" is the last word you'd think of.

Having the ability to quickly break down, sort and value these types of collections is a skill all on its own, though, and a valuable one to have. I would do this collection for 10% all day on consignment, that is a several hundred dollar pay out for a few hours of work.

Not if you had to sell it piece by piece on eBay. If all you had to do was dump it quickly I would agree with you because there is considerable value in the gold coins.

Even if you had to sell it piece by piece, it is not bad at 10%. A lot of those coins are at least $100, $10 to run an eBay auction is pretty solid in my book. Assuming you have it together and go in with a game plan, thats $10+ a listing, with 5-7 minutes tops to create a listing from start to finish with templates.

There is a lot more to selling "stuff" on eBay than just making the listing.

lkenefic · February 9, 2020 1:51PM

@291fifth said:

@DelawareDoons said:

@291fifth said:

@DelawareDoons said:

@291fifth said:
A disorganized mess. If he wants you to dispose of it for him, stay away. It will just drain your time unless he offers you a good percentage of the realization. (I fell into this trap back in 2006-7 ... never again. The friend's wife was angry that he gave me 10% of the proceeds. She thought I should have done it for free. (10% was far too low for the amount of work involved.)

The gold coins in your lot will be an easy sell as will the bullion related stuff such as common date Morgans. The other numismatic coins will be a pain to sell.

@topstuf said:

@291fifth said:
A disorganized mess. If he wants you to dispose of it for him, stay away. It will just drain your time unless he offers you a good percentage of the realization. (I fell into this trap back in 2006-7 ... never again. The friend's wife was angry that he gave me 10% of the proceeds. She thought I should have done it for free. (10% was far too low for the amount of work involved.)

The gold coins in your lot will be an easy sell as will the bullion related stuff such as common date Morgans. The other numismatic coins will be a pain to sell.

Bears repeating. When you've seen tons of disorganized collections, "fun" is the last word you'd think of.

Having the ability to quickly break down, sort and value these types of collections is a skill all on its own, though, and a valuable one to have. I would do this collection for 10% all day on consignment, that is a several hundred dollar pay out for a few hours of work.

Not if you had to sell it piece by piece on eBay. If all you had to do was dump it quickly I would agree with you because there is considerable value in the gold coins.

Even if you had to sell it piece by piece, it is not bad at 10%. A lot of those coins are at least $100, $10 to run an eBay auction is pretty solid in my book. Assuming you have it together and go in with a game plan, thats $10+ a listing, with 5-7 minutes tops to create a listing from start to finish with templates.

There is a lot more to selling "stuff" on eBay than just making the listing.

This. If it was just listing, I'd agree... but shipping material, postal charges, returns, etc. can't be so blithely dismissed...

Kliao · February 9, 2020 3:20PM

I bought some of it. Most of the cc Morgan’s and the US gold. I paid (with the help of my dad) what we both agreed was a fair price for both of us. Any specific coins you guys wanna see?

Plus most of what I bought will be for sale soon on the BST. If you wanna claim something first PM me with an offer.

Kliao · February 9, 2020 4:29PM

Here’s the ‘85CC I was able to take pictures of it. It’s clearly cleaned

There was also a ‘89CC

A UNC ‘84CC. What do you think this will grade at. A 62?

Here are the trade dollars. No chop marks (sorry @TradesWithChops & @ChopmarkedTrades )

A couple anacs soap boxes

scotty1419 · February 9, 2020 6:14PM

That 85 is hard to look at. I do like the look of that 89 though.

TradesWithChops · February 9, 2020 6:53PM

awwww no chops

Kliao · February 9, 2020 7:08PM

@TradesWithChops said:
awwww no chops

Wait let me go find a chinese stamp

Kliao · February 9, 2020 7:16PM

Anyone know if the PCI slab is worth anything? Also a nice PCGS Eagle

BAJJERFAN · February 9, 2020 7:18PM

@291fifth said:
A disorganized mess. If he wants you to dispose of it for him, stay away. It will just drain your time unless he offers you a good percentage of the realization. (I fell into this trap back in 2006-7 ... never again. The friend's wife was angry that he gave me 10% of the proceeds. She thought I should have done it for free. (10% was far too low for the amount of work involved.)

The gold coins in your lot will be an easy sell as will the bullion related stuff such as common date Morgans. The other numismatic coins will be a pain to sell.

If twas mine I think I'd want to get thrown into the smelter with them. No desire to deal with a mess like that.

coinbuf · February 9, 2020 7:32PM

Love the ANACS gold, awesome!

BLUEJAYWAY · February 9, 2020 8:35PM

Remember to verify any errors/varieties.

DelawareDoons · February 9, 2020 10:09PM

@291fifth said:

@DelawareDoons said:

@291fifth said:

@DelawareDoons said:

@291fifth said:
A disorganized mess. If he wants you to dispose of it for him, stay away. It will just drain your time unless he offers you a good percentage of the realization. (I fell into this trap back in 2006-7 ... never again. The friend's wife was angry that he gave me 10% of the proceeds. She thought I should have done it for free. (10% was far too low for the amount of work involved.)

The gold coins in your lot will be an easy sell as will the bullion related stuff such as common date Morgans. The other numismatic coins will be a pain to sell.

@topstuf said:

@291fifth said:
A disorganized mess. If he wants you to dispose of it for him, stay away. It will just drain your time unless he offers you a good percentage of the realization. (I fell into this trap back in 2006-7 ... never again. The friend's wife was angry that he gave me 10% of the proceeds. She thought I should have done it for free. (10% was far too low for the amount of work involved.)

The gold coins in your lot will be an easy sell as will the bullion related stuff such as common date Morgans. The other numismatic coins will be a pain to sell.

Bears repeating. When you've seen tons of disorganized collections, "fun" is the last word you'd think of.

Having the ability to quickly break down, sort and value these types of collections is a skill all on its own, though, and a valuable one to have. I would do this collection for 10% all day on consignment, that is a several hundred dollar pay out for a few hours of work.

Not if you had to sell it piece by piece on eBay. If all you had to do was dump it quickly I would agree with you because there is considerable value in the gold coins.

Even if you had to sell it piece by piece, it is not bad at 10%. A lot of those coins are at least $100, $10 to run an eBay auction is pretty solid in my book. Assuming you have it together and go in with a game plan, thats $10+ a listing, with 5-7 minutes tops to create a listing from start to finish with templates.

There is a lot more to selling "stuff" on eBay than just making the listing.

Once you have a system down, it is not that hard.

A friends collection. What do you guys think?

Comments

Leave a Comment