Opportunity to buy a collection of silver coins, what would you offer??

Hi everyone,
I would appreciate some advice here. I know little about coin collection. I understand the melt value and have a guesstimate on the condition of these coins. I have a family friend who has a collection that includes,
14 peace dollars, most in fair condition, 3 in fair to good, one good
9 morgans, all in fair to good, 2 in good
7 franklin halfs all in fair or worse condition, no standouts
1 '37 liberty walking 3 out of 10 for condition
1 1925 stone mountain memorial half in fair condition
He is looking to get rid of them so I think I can possibly get a deal. I know that to make a good guess on this you would want to see them but assuming that none have unique dates or mints and the condition is close to what I stated above what would you be offering for this collection? I am looking for a number in the really good deal region..hahah
Let me know what you think please, any advice is much appreciated.
Thanks

 

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"Fair condition" is really bad condition to a coin collector. I'm not sure what "3 out of 10 for condition" means.

Assuming the coins are all well-circulated, common date coins I would think that melt value would be a good place to start. A dealer might offer him 15-20% less than melt so if you offered him 5-10% less than melt he would be getting more that he would from a dealer and you would be getting an OK deal.

 

It's impossible for anyone to really give you a value without seeing the coins and guessing on conditions is highly subjective imo. You said you understand melt value and if the coins are that rough using that as your starting point for an offer would be a good idea and could possibly get you a good deal if the person is looking to just get rid of the coins.

 

thanks, I know it is difficult without seeing, but like i said nothing too special here. it looks like the melt value is about $650. I am thinking about offering $500, i think that would be a deal

 

It sounds like it's all, except the Stone Mountain half, worth melt value.

The Stone Mountain halves are selling on eBay from $25 - $43.

The total melt for this lot $637. if it were me, I'd make my first offer at $550 and go from there.

 

I would definatly offer him a fair price. Maybe throw 500 out there, see how he feels. If he is a really good friend offer to loan him the 500 and when he pays you back, you give him back his coins.

 

yup! and you can feel like a pawn star too!

 

500 is pretty far back of melt. Most decent dealers would offer $575 for that, no problem. Start there.

For the record, I just bought $30 face in silver dimes. Offered $550.

 

A dealer would typically pay 10%-20% back of bid, but he has overhead to pay, whereas, you don't.

You want to offer him 25% back of bid and you call yourself a friend?

Chris