question for you coin collectors.

just had another guy offer me $3200 for just the four main silver/gold collector sets. they are completing for around $900 a set on ebay. i think that is more than fair.

 

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i have 8 $5 golds and a $100 canadian gold.

 

You have to watch as there are alot of snakes in the grass. Hmm one more post and you can list them here in for sale section of the forums.

 

yeah, but then i would be back to having to ship them, and i just cant bring myself to trust the mail or fed-ex. not to mention paypal. i have had a good amount of replies to my CL ad. its just a matter of waiting for the best offer, without missing my chance at a fairly quick turn-around.

 

Just be smart about how you do any deal - especially one on CL. I wouldn't be giving out any information that someone could use to track me down - emails-phone #s etc. Also be sure to meet in public, at a bank or police station.

just my 2 cents - good luck selling them

 

My advice, if you do not wish to sell these on Ebay, would be to go to Central States with the coins and a complete list of contents. Show them to several dealers and accept the highest offer. Tell each of them you are going to show to a few dealers and the highest offer will buy them today.

Best way I know of to dispose of a large accumulation and not having to worry about shipping, Ebay, etc. If you go to just one dealer you are at his mercy to offer a fair price. I would pick out dealers who have a lot of similar coin sets for sale, as they will probably be bigger dealers in this material.

Just my opinion.

Chris

 

My advice is to sell off only what you have to, unless you really need that much money right away. But find an honest dealer or have the coins appraised first so this way you know the value and won't get robbed.
Also ebay is not the way to go if you have low feedback. It will either go cheaply or no one will bid on it. A coin show is not the way either, you'd be paying for a table and have to deal with people haggling over prices.
The only thing I can think of is Heritage Auctions or another auction house.

 

Don't open any boxes still in original, sealed US Mint mailed box. If he marked the contents on the outside of the mailing package, these boxes generally sell for a premium.

 

i wish he had written down what the stuff was, but he didnt. we had no idea what was in the packages so we had to open them up. i have to admit though, it was fun unwrapping this stuff. they were mostly just in usps boxes. i will look to see if i can salvage any in the rest of the boxes.

 

Well, the melt value alone of the 8- $5 coins is about $3,200 by themselves. Is the $100 Canadian a quarther or half oz? They varied over the years. There's at least another $400 minimum for that one. If you sell it all for $3,600, you'd be giving away all the silver and mint sets for free.
I would seriously take your time here and figure out what really is fair. The person you're selling these for has gotten by this long without them and didn't even know they existed. I'd hate to see you sell yourself short.

 

Nice mint product,although IMO to most dealers only worth its melt value.

 

wow! i have been on a lot of online forums covering a lot of different subjects and i have never had a first post thread hit three pages. thanks a lot for all your help and suggestions, guys and gals. and i kind of figured all the value is in the bullion with modern coins. that is what i was thinking from the onset.

 

that leads me to another question; is it even legal to melt down these coins? all of them say they are legal tender, and i thought it was against the law to deface or destroy tender.

 

That's a good question. I don't have an answer regarding the legality of it but I know from reading on here and other places that junk (worn) silver dimes, quarters and halves that are 90% get melted all the time. Even commemoratives. They have for years. Every time silver goes up dramatically, more coins get melted.

 

Yea people melt coins, i think it is illegal. It's a shady subject.

 

Commemoratives are not illegal to melt. "Legal tender" only means its legal coinage that can be used to fulfill debts.

Not shady at all.

 

Some sets are best left in the original mailing boxes since many people check through individual sets looking for the finest specimens and varieties. When they're still in the mailing boxes buyers know for sure they aren't picked over. Don't worry about the ones already opened since in most cases for these later issues the price difference isn't huge.

You might want to give Chicago Coin Company a call when you figure out what you have. You'll get the best price on eBay (especially for unopened boxes) but it might not be worth all the work to you.

Ask questions here to get good general ideas. Don't clean anything. Don't open rolls.

 

There are no laws currently being enforced regarding melting any US gold or silver coins. It is illegal to melt pennies and nickels.

There's a lot of money in moderns if you have the right ones.

 

Ah ok, i got confused with pennies and nickels ^ Thanks for clarifying.

 

I believe they're all marked in a sort of code on the outside.