How Do I Sell Problematic 2011 Canada Grizzly Coins?

Discussion in 'Bullion Investing' started by treehugger, Mar 1, 2012.

  1. treehugger

    treehugger Well-Known Member

    I have 5 slabbed Canada Grizzlies MS-67 that have a good amount of good old Royal Canadian Mint milky residue on them. I took them to a coin dealer I usually deal with yesterday and he didn't even want them.

    What do you think is the best way to rid myself of them? Coin show? Another coin dealer? Sell them at a good discount? Ebay? Give them as gifts to people I don't really like? I'm sort of stumped. Thanks.
     
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  3. InfleXion

    InfleXion Wealth Preserver

    If you didn't pay a premium for them I'd break them out of the slabs and carefully dob them with cotton balls soaked in "cloudy ammonia". That is supposed to clean the milk spots without marking up the coin. The other things you can try are pencil erasers or jewelry cleaning rags, but they leave scuffs.

    If you really want to sell them, you'll probably get the best money from eBay or P2P. Might be able to find buyers wandering around at a coin show, but the dealers there will lowball you most likely.
     
  4. treehugger

    treehugger Well-Known Member

    Thanks for the advice. I paid $35.00 for them, so I'd be willing to take a little less just to be rid of them.
     
  5. Yacorie

    Yacorie Junior Member

    I don't have any solutions for you but I'd pay $35 for them all day - spots or not. I'd just keep them and not worry about it; I love the design.
     
  6. papermoney54

    papermoney54 Coin Collector

  7. Cazkaboom

    Cazkaboom One for all, all for me.

    I like gifts. You don't know me so in turn you might not like me ;)
     
  8. Hunt1

    Hunt1 Active Member

    Auction...
     
  9. Numis-addict

    Numis-addict Addicted to coins

    If you have nothing to do and just hate them, you could have a contest. If you want to sell them, I would ask every dealer in your town. then use the internet. I do not sell coins. I am a YN and recently started(november) so that explains that
     
  10. I agree with Yacorie. I know it stinks that they are a bit ugly now, but silver is silver. I'd buy milky ASE/Maples at spot all day long.
     
  11. Jim M

    Jim M Ride it like ya stole it

    I guess I would post them here at CT in the Buy/Sell area for $35 each and see how fast they get nabbed up.
     
  12. Yacorie

    Yacorie Junior Member

    I think he could sell all 5 without leaving this thread -
     
  13. I feel your pain. I bought NGC ms69 canadian wildlife coins and all three of them have milk spots. The people running the canadian mint are boneheads for not spending the time to remove the stains. Anyway, with a relatively low mintage for each coin, I do think these will be worth something one day. I would hang onto them. Once I finish collecting the wildlife series, I am done with canadian coins. Its great that they have an extra 0.09% silver, but to me its not worth the ugly appearance.
     
  14. green18

    green18 Unknown member Sweet on Commemorative Coins

    Post them on e-bay as 'milkmaid' Grizzly's........

    You'll make a killing. :)
     
  15. treehugger

    treehugger Well-Known Member

    Thanks, everyone for your advice. I ended up selling them at a coin show today for what I paid for them. I'm happy about it. No muss; no fuss.
     
  16. Kanderus

    Kanderus Active Member

    Dang! I don't want to sound like an a-hole, but I would have loved to pay you SOMETHING as I am trying to start investing early in life. However, I am happy that you got your money back for them. At least you broke even.

    --Rob.
     
  17. Clint

    Clint Member

    Yeah, that griz has a beautiful fur line. Glad my milk spot is on ye olde lady of England's side. At least you can find what you need, with a million out there.
     
  18. 2schnauzers2luv

    2schnauzers2luv Junior Member

    I was at my dealers shop today to pick up a couple of Maples. He asked me if I wanted 2012's, and I said sure that would be fine. He let me pick out the ones I wanted and said he had some 11's also but that they were messed up. He was right. The entire roll.
    I remember back when the 2010's first came out, the coin show had only one roll in the whole place and they were all milky. Seems like this has been going on for quite some time. Can't understand why the RCM doesn't do something to put a stop to that.
     
  19. debordj

    debordj Debo

    Do the milk spots develop over time or are the coming out of the tube that way? I have been working on 3 full raw sets and none have shown problems yet. Have them in a dansco blank book. I just love the set for some reason.
     
  20. Dennis68

    Dennis68 Member

    Well I agree that for $35, you will have no problem getting your money back. I would pay that all day long.
     
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