What to do? Selling NORFED 20 Liberty Euro Numbered Collection: 15 of them!

I have a friend asking me to help him sell a lot of 15 of the 100 numbered 20 Euro coin made by NORFED, Liberty Dollar folks. His roommate was Kevin Innes back when NORFED got shut down. Kevin settled up some bills with my friend by giving him this lot of 15 consecutive numbered NORFED 20 Euro coins. I have seen evidence of these selling between $1500 and $2500 EACH, but I am guessing a collection of these should be worth even more as a collection since they represent 15% of the total amount of this sought after coin. Anyway, I am not into the coin world much any more so I was just curious if anyone could offer some advice as to the best place to sell these coins. I was considering just getting a dealer table at a coin show or selling on eBay (looks like they let them back on there now) or even a physical auction house, but I am not sure which is the best way to get the most out of them. Anyway, I just thought I would check with the experts here first as to estimated value and venue for the best sale price. And yes, before you ask, I will get some pictures of the collection to show ASAP. Thanks in advance!

 

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That type of collection would do better with an auction house. They will advise you as to worth. Since NORFED exonumia has had a tainted past, they will need to determine the legallity of the sale. Some coin shows have asked that NORFED items not be shown or sold on the boarse floor. I don't know if that is still an on going situation. This may be more of a U.S. thing and not so in other countries.

 

Ah, good to know. I saw articles from late last year saying that the Secret Service made eBay cease sales of NORFED stuff, but then I search eBay now and there are dozens of the coins. Did they repeal the ban? I can't find any articles stating that, but there they are listed and being allowed to close normally.

As to the individual coin shows not allowing them to be sold that is the first I had heard of that. I will be sure to check with my local show organizers before spending money on a table if that is the route I choose.

Lastly, can you recommend any good auction houses for coins, preferably in the Southeast USA?

 

eBay is a never ending litany of stuff that violates theirs or the government rules. Where there is a will there is a way. If you want to make people want something make it illegal to trade.

 

N Fed
If you have Ana # just write that word today could have A knock or a visit by s few suits .!:-[!

 

Well, these are denominated in "Euros", not "Dollars", so I don't think they fall under the same gray area as the so-called dollars. Since they were never actually released I don't think the ECB cares about 100 or so coins, ahem... tokens/medallions/proofs/rounds/baubles

 

Correct. Over here it would be a against the law to make round metallic pieces and put "euro" or even the the € symbol on them ... unless you are a mint and have a production job from the government. But I suppose that companies in the US will not have to care about this, as long as such pieces stay outside the euro area.

Besides, no actual euro coin has the plural "euros". What you call them in colloquial language is up to you, but on notes and coins it's "euro" in singular and plural.

Christian

 

Euro is the singular/plural for the denomination in the US, as well, as far as I've encountered.

 

The people who had the medal made (from the first post) apparently do not know that, hehe. Here is a slightly larger version of beastable's current avatar; note the "s" at the end in the lower third.

What I found funny when I looked "Liberty Euro" up last night is that, apart from pages like this one http://en.wikipedia.org/wiki/Liberty_Reserve , the top hits were all about the Renault Twingo, a car.

Christian

 

All very interesting information, Liberty Reserve in particular. However, if we could get back on topic, can anyone suggest the best auction houses for this type of unique sale? I know there must be a lot of demand out there for the prices to get where they are, so I am just wondering how to best tap into that interest. Thanks for all your expertise.

 

If it is a genuine "Norfed" it IS covered under the counterfiting case that called for the "forfeture" of all Norfed mintings of that time period. You will not find a single auction house that will touch them. The fact that you say your friend used them to pay you could also get you and him arrested. Here is the text of the "conviction". I would advise you to get legal advice before proceeding any further with these.
Conviction[edit source | editbeta]

On March 18, 2011, Von NotHaus was convicted of "making, possessing and selling his own coins", after a jury in Statesville, North Carolina deliberated for less than two hours.[26] The jury found him guilty of one count under 18 U.S.C. § 485 and 18 U.S.C. § 2, one count of violating 18 U.S.C. § 486 and 18 U.S.C. § 2, and one count of conspiracy, under 18 U.S.C. § 371, to violate sections 485 and 486.[27] He faces up to 15 years in prison, a $250,000 fine, and may be forced to give $7 million worth of minted coins and precious metals to the government, weighing 16,000 pounds.[26] Attorney for the Western District of North Carolina, Anne M. Tompkins, described the Liberty Dollar as "a unique form of domestic terrorism" that is trying "to undermine the legitimate currency of this country".[28] The Justice Department press release quotes her as saying: "While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country."[28]

 

mrweaseluv, So all these people buying and selling NORFEDs on ebay are breaking the law? I don't think so. Sounds like misinformation or scaremongering to me, but keep it up, this kind of notoriety has to fuel value. I'm in touch with several auction houses now and they are all interested, so I don't know what you're talking about. I was just trying to get opinions on the best ones to go with at this point.

 

Well I tried good luck to you with your future...Just remember that this is a public forum and you were publicly warned.

 

I have seen some new 2012-2013 fed liberty bullion be sold on tv by a few of the foolish vaults .
But I think Silver Town is the mint.
Tv not a good place to buy silver .

 

A couple things come to mind for me. One is that since the market that drove the price on these, ebay, is no longer a viable venue for sale, I very highly doubt you'll get anything close to the $1500 to $2500 you mentioned. Second is since that venue is closed to sales and auctions for these, would it make sense to look at the bigger sellers of these and see if they still have a base that contacts them for unique or more rare pieces. You probably won't get the money you quoted above, but probably a lot more than what is invested.

 

I think the OP is now looking for an actual name of a company or auction house that can still provide this service for him.