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Old 01-04-2009, 09:32 PM   #11 (permalink)
cwtokenman
Coin Hoarder
 
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Join Date: Jan 2005
Location: NE Ohio
Posts: 736
My Mood:
Local estate auctions can be good. I've picked up so many Large, Flying Eagle and Indian head cents at bargain prices lately that I had to buy some Danscos this weekend to put them in. By bargains, I mean winning bids that are 25 to 50% of values shown in Coin Values magazine. My wife and son both work Saturday nights at an auction barn, and they call me when there are coins there. There were two evenings that I bought groups of U.S. silver coins at below face! Other nights coins can go rediculously high.

A few months ago, an auctioneer friend of mine was gathering items for an estate sale, and he found a nearly complete year set of cents from 1800 to 1901 in a case that had a 1901 newpaper as backing material. The 1877 was XF+, and many Indian heads looked like they had been pulled from circulation very soon after being released. Those coins, an additional canvas bag of mostly large cents, and a small box with Civil War medals (some were engraved with names and dates) were all in the same wooden box for who knows how long up in that attic. You never know when or where some coin goodies may turn up. If you want a tool to help you find auctions that advertise coins, I have found the auctionzip website to be very useful. Enter a keyword(s), your zip code, and radius you wish to search, and it will find auctions for you.

There is no substitute for knowledge if employing this method.
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