Co-worker wants me to make an offer on Father-in-Law's coin accumulation. What to pay, what to pay?

DNADave · November 22, 2005 2:49AM

Yes, those are the prices paid for these coins back in the 70's.

The die break peace dollar is what I'd really like to have.

michael · November 22, 2005 2:58AM

does he want an apprasial?? or wants to sell the coins?

sounds to me like he knows the value and wants to see if you will pay a craZY price moreso than the coins are worth hope this is not the case

but

i have seen this 10,000 times before

good luck with it and let me know how this game plays out

Longacre · November 22, 2005 2:59AM

Depending on your relationship, it might make sense to get a third party appraisal and then go from there.

DNADave · November 22, 2005 3:06AM

<< <i>does he want an apprasial?? or wants to sell the coins?

sounds to me like he knows the value and wants to see if you will pay a craZY price moreso than the coins are worth hope this is not the case

but

i have seen this 10,000 times before

good luck with it and let me know how this game plays out >>

I'm not so sure on this one. The husband of the coworker has no interest in the coins and she mentioned that they may take them to a dealer. She knows I collect coins and asked if I wanted to look at them. They don't have a clue what the coins are worth and are prime to be taken advantage of by a dealer or pawn store.

DNADave · November 22, 2005 3:07AM

<< <i>Depending on your relationship, it might make sense to get a third party appraisal and then go from there. >>

I agree, I told her to get other offers before agreeing to mine. The total value is about $700 IMO.

cullenbryant · November 22, 2005 3:28AM

120?

bonkrood · November 22, 2005 3:39AM

I guess $400/$500 for both.

michael · November 22, 2005 3:46AM

in my opinion based on past experiences

is that you are in a lose lose situation

as if you offer them a fair price they will feel you are cheating them see it all the time in coins and even if the sellers know the value they will want more than retail for them

and lets say the sellers take their coins to a dealer and he offers them 500 and you offer them 700 they will say wow they must be worth more and assume you are a crook

again lose lose situation

DNADave · November 22, 2005 6:56AM

Any other thoughts on the value of the Peace VAM?

keets · November 22, 2005 7:26AM

no thoughts on the value of the coins but i do have a few on the value and nature of your relationship with the co-worker. assuming you are on good terms with her and she trusts you as a person and co-worker, i doubt you can come away in a bad light from whatever happens as long as you're fair and allow her to do what she wants. perhaps the best approach would be for you to accompany her to a local coin show and let her go from table to table with the coins and the proper VAM attribution, grade assessment and ballpark price she'd like.

291fifth · November 22, 2005 7:38AM

Dealing with co-workers can be a bad idea. Consider whether the outcome could hurt your employment.

nesvt · November 22, 2005 7:47AM

I like that Peace dollar!! Do you know the VAM number? It looks like the 1923 1B, but wrong year. Have you sent a PM to Peaceman? He was/is collecting the extra-hair Peace VAMs and knows the recent sale values. It isn't a new VAM, is it?

DNADave · November 22, 2005 7:53AM

<< <i>I like that Peace dollar!! Do you know the VAM number? It looks like the 1923 1B, but wrong year. Have you sent a PM to Peaceman? He was/is collecting the extra-hair Peace VAMs and knows the recent sale values. It isn't a new VAM, is it? >>

I think its a very late die state VAM 2C

Crazy4Coins · November 22, 2005 8:01AM

The Peace dollar is a '22, VAM 2C LDS. They are not as common in this die state as they are the early and mid state. If I remember right Peaceman had a LDS in a little higher grade than your pic that went for somewhere between $150-$200.
As far as the Morgan....I have no Idea.

Very cool coins...

Randy

coynclecter · November 22, 2005 8:06AM

I'd guess they heard that coin prices are real high and want to know what they can get.

So if you figure out what they are worth, offer them twice as much and they will probably want to shop around. AKA a free appraisal.

My experience,....tell they to decide how much they want BEFORE you meet them

Peaceman · November 22, 2005 8:31AM

I just paid $86 for this coin in mint state... most likely not a 63 (still on it's way to me)... This is a very late die state too (2 breaks). Just so you know, there are only about 12 now known with the 2 breaks. I know of none that are MS.... yet...

This was not a cherrypick and advertised as such... I bid $ 430 for it...

My guess is that your coin is worth about $ 45- $ 55 because the demand is not there yet... In a year or two you may see your coin sell for hundreds....

topstuf · November 22, 2005 8:40AM

Second party
PLUS
In-law
PLUS
Co-worker
EQUALS = Nothing good I can imagine !!

Think long and hard before getting involved.

DNADave · November 22, 2005 8:54AM

<< <i>Second party
PLUS
In-law
PLUS
Co-worker
EQUALS = Nothing good I can imagine !!

Think long and hard before getting involved. >>

Her father-in-law died. They're selling his estate. She works in the same lab I work in but in a different section. I do appreciate good advise but I just don't see a problem in this area.

Co-worker wants me to make an offer on Father-in-Law's coin accumulation. What to pay, what to pay?

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