What a day! Completely random purchase of coin collection at a yard sale !
DNADave
Posts: 7,307 ✭✭✭✭✭
I was driving around this morning doing my usual Saturday morning yard sales and just stopped at a random sale here in town. As I was leaving an older gentleman told me there was some more stuff around the side of the house to look at, which I did. There was nothing I was interested in so I said my usual "I'm just looking for old coins or hunting stuff". So the man says "well come on inside I'll show you some coins" That tends to make me a little nervous but I introduced myself and went in. I was quite happily surprised to see a folding table full of coins that he was interested in selling.
At this point I was actually nervous. He showed me the two V nickels that his mother had put on his infant brother's eyes about 75 years ago. The child had died and these were coins used to close his eyes. This is the kind of stuff I told him to keep, and suggested he write it down to keep with the coins. The rest was really quite a collection, obviously old as I hope you can tell from the 2x2's. The aluminum foil wrapped dollars were a new storage method to me. I spent the last three hours looking closely and trying to make a good, fair offer (one that wouldn't get me tarred and feathered here) As an example, I gave $40 each for four 1916 Walkers.
Long story short and $1500.00 later and I'm a very happy collector today.
At this point I was actually nervous. He showed me the two V nickels that his mother had put on his infant brother's eyes about 75 years ago. The child had died and these were coins used to close his eyes. This is the kind of stuff I told him to keep, and suggested he write it down to keep with the coins. The rest was really quite a collection, obviously old as I hope you can tell from the 2x2's. The aluminum foil wrapped dollars were a new storage method to me. I spent the last three hours looking closely and trying to make a good, fair offer (one that wouldn't get me tarred and feathered here) As an example, I gave $40 each for four 1916 Walkers.
Long story short and $1500.00 later and I'm a very happy collector today.
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Comments
<< <i>Are those Aluminum Foiled Dollars ready for Baking... or did the ex Owner really use Aluminum Foil to store coins
He was 75 and a really nice man. NO signs of anything funny. Definately what I'd call "fresh" material. The coins inside the aluminum are common morgans, 1921, and a few common Peace dollars.
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<< <i>I'd love to see some more pics!
My batteries are going dead
here's a few more though
<< <i>Just out of curiosity what state did you buy this in??? the reason I ask is the A&M "love token" >>
From West Virginia (Hope they lose to MU next week BTW)
Here's the other side of that love token
And a few more things. The "gold" dollar is clearly a fake that's been plated.
At first, I thoght the type III three center was 1866, that would have been good !
I am often tempted to check out these garage sales but with the cost of gas and a 99 out of 100 probability that no coins are available, I don;t pursue them.
But.....................there is one around the corner that I'll go by in a little but!
The name is LEE!
gimmie those 8 reales !! whistle:
a note for future generations.
I wonder what a Morgan would look like baked in foil like that...
MONSTER TONING.....
Wow! What a great find. Thats only happened to me once. Those yellow square 2x2's are from the 60's. I remember using those when I was young kid. I still have a few coins in them, picked from 60's change . The walkers were probably picked from change too. They were very available then even the early teen dates with obverse mint marks. I know I nearly completed a set from change ( I still have them). Cash registers had a tray for halves and we got them all the time at the grocery stores. I would ask the checker to quickly pick through them and give me the older dates in change.
enjoy
Krueger
..........
Glad you made a nice, fair offer to the old gentleman. You're happy, he's happy, and we all get to look at what you found
Well done.
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The two V nickel story is kinda creepy I agree, would have thought they were buried with the body..
What a neat find. It will be a
joy to look thru.
Camelot
From the pictures it looks like you received some very nice coins. From what I do see there along with the many offers I have seen people make when they stumble on a lot such as that, It appears to me that you gave the man a very fair price.
Cheers and
Rob
"Those guys weren't Fathers they were...Mothers."
some pretty good stuff not pictured you left no room for profit.
<< <i>Are those Aluminum Foiled Dollars ready for Baking... or did the ex Owner really use Aluminum Foil to store coins
The aluminum foil was an old trick in the 1960's to keep silver coins from toning agan after being dipped.
A buddy of mine has a friend who asked for coins at a yard sale
and an older couple fetched a few coins they had in their base-
ment. There were three or four rolls of BU silver dollars (better
dates no less) and refused to take more than face value because
they didn't think it sounded honest. No, so far as I know there
was absolutely no reason to believe they had alzheimers; they
just wouldn't take more.
I like the 8 Reale and the Mexican Libertad....do they have a home?
RAH
Phoenix
<< <i>Looks like a hoot but I suspect you paid a very strong price. Unless there's
some pretty good stuff not pictured you left no room for profit. >>
finally someone who mentioned exactly what i was thinking
and will not get labeled as negative.
sure it is fun... but just looking at the stuff makes me think you
over paid by a lot. i would have been thinking melt for almst everything
i see there. sure a few pieces deserve more but nothing strikes me
as wow.... i will give 1500 for the whole lot.
i am hoping those boxes are all full of silver where 5 times XXX turns
into a pile of money... for each half dollar or what not.
$10 for the Morgans and Peace
$1 for the mercs
$3.50 for the Barber Quarters
$5 for most of the Walking liberty halves which are early.
It all adds up quick and I would expect to be able to make around 200 or a little more if I sold. But really I'm going to keep most of it.
Afterwards, he showed me about 30 Mexican Gold Libertads that he also wants to sell (1.2 oz gold each) and I'm going back to make another offer on the rest of the collection.
Edited to add: I looked at every single coin and made sure I would at least break even or make a little profit.
-Paul
<< <i>I once went to a garage sale and spent over $5000 on coins! It was a lot of fun, mostly moderns and 90%, but lots and lots of stuff. I was 18 at the time and my parents thought I was nuts!
-Paul >>
My question is.....where does an 18 year old get 5K??? I was lucky to have $5 nevermind 5K @ 18!
Were there any negotiations to arrive @ $1500? Did he have a clue as to what the collection was worth?
Proud recipient of Y.S. Award on 07/26/08.
<< <i>
<< <i>I once went to a garage sale and spent over $5000 on coins! It was a lot of fun, mostly moderns and 90%, but lots and lots of stuff. I was 18 at the time and my parents thought I was nuts!
-Paul >>
My question is.....where does an 18 year old get 5K??? I was lucky to have $5 nevermind 5K @ 18!
Were there any negotiations to arrive @ $1500? Did he have a clue as to what the collection was worth? >>
+
He had sold a few things at a local B&M. So I'm sure I was over what he got there. I'm almost certain he could have been "ripped" hard and I'm honored he trusted me. For example, all of the 3 cent silver coins were mixed in w/ a bag of foreign stuff, the 1860 was the nicest but dealers wouldn't have went through to find them. The roll of barber dimes had the two seated dimes, also would not have been looked through IMO. I'm certain there are many who would have taken huge advantage of this person.
but no, I wrote down what I'd pay, he accepted and I paid it. all on a hand shake.
Ray
<< <i>
Edited to add: I looked at every single coin and made sure I would at least break even or make a little profit. >>
I'm not sure why I'm relieved.
I hate to see a deal where both parties can't profit. It's bad for the hobby. It's worse if the short changed party is someone you know and set the price himself.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>I love it when this stuff happens but not often enough for me. But anyways, not to take anything away from your enjoyment but if the guy was pulling this stuff back in the 1960's, perhaps earlier, why wouldn't the quality be higher/better.
>>
There was nothing but junk in circulation back in 1960. Even if
you went to the bank and got silver dollars most were circulated
and they were picked over too.
The treasury started releasing stuff in '63 but there was so much
of it most collectors weren't very interested.
This is a rhetorical question and requires no answer
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Hoard the keys.
like RG, I've seen rolls wrapped in aluminum foil and other single coins, also. it never seemed to have any adverse affects on the ones I've seen. i imagine that it's "old school" from the 40's/50's and most coins in foil have been that way for quite awhile.
I bought some rolls of late 50's early 60's dimes and quarters off of a guy on ebay last year, I thought it was strange looking at the op's pics of the end of the rolls, they were shotgun type rolls but you could not see the end coin, they looked like Jiffy Pop Popcorn in that foil pan that would balloon up when you cooked it,
Evidently someone had taken the coins out and rolled them very tightly in the foil then placed the roll back in the shotgun paper, they were some of the whitest bright coins I have ever seen, I even pulled some 63 Roosevelt MS66 DDR's from them.........
Maybe the aluminum does something ?
But it looks fun and you may find a coin or 2 that will bring you well over the top. Coins bought back that long ago need to be checked for variety's and semi key dates that did not command a premiun back then. Dealers around here do not pay ANYTHING for coins that come thru the door like that.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"