The other is the ad I just received from the mint. Asking if i want to buy the Mohawk Indian dollar. I want to know about the bag of 100 @ $111.00. Please tell me what one of you guys would do with this bag on 1$ coins ? There is a market for it, or they would not offer it. What is it that guys do with it ? Our high reliefs that we bought ( the new american eagle) that we were led to believe sold 36,000 in the first hour.... What does it cost to get them slabbed ? First time I have used that word by the way... SLABBED ! After joining ? A round about price per each ? Also, what about getting all the old silver coins slabbed. Is it always worth doing ? Is there a break point where you look at a coin and say, nope, not worth the effort. I have really started getting into this coin collecting. So interesting, and find myself asking for coins at the store. Always checking my change, etc. One more quick question. Is it worth the effort to ask for dollar coins at the store ? I have noticed them in the drawers whenever I can look in getting change. I don't use a card like the kids do. Pay cash.. The other day i got 2 susan b anthony dollars. Just in a general statement, is it worth more than a buck....?? Sorry for all the questions and if there is a book to read, let me know. Something that in general tells you what is worth doing. I like looking, collecting, etc.. I know my dad has 2 or 3 bags full of wheat pennies... I am dying to go up and look thru them...
A market for 100 coins in a bag crashing and mashing around causing all kinds of scratches, nicks and marks... no
there are a ton of books to buy you seem pretty green by your statements and questions , i am going to suggest you goto money.org take the diploma course , and book the north American coin and prices book ,
THE STANDARD BOOK OF WORLD COIINS SERIES http://www.amazon.com/gp/product/14...rd_t=36701&pf_rd_p=2091268722&pf_rd_i=desktop
I haven't bought any bags for quite a while, but I always made a profit from them. The last time was a $250 bag of 2007P Sac Dollars. I submitted 52 to NGC for grading, of which, 14 were MS68 and the rest were MS67. The total cost between purchase and grading was less than $1100, and I sold the MS68's for more than $2100. Chris
That's why collectors buy them, but I would think cmp9ball's experience with that bag was unusually good. You hope to get a couple coins worth submitting that will allow you to make a profit, but receiving bags that don't have anything in them worth submitting isn't unusual.
I also had profitable experiences with Kennedy halves and SQ's. Let's put it this way. I'd much rather pay a smaller premium for bags from the Mint and not have any luck than pay a larger premium for the equivalent number of Mint sets and still strike out. It's a lot easier concentrating on one denomination instead of six, and you don't have to contend with the cellophane. Chris
If you are interested in the dollars, buy them. Sounds like a good time sifting through the pile. Keep a few of the nicer ones, then spend the rest. All you have to lose is the $10 premium
I am actually flying out next week and going to bring home a bag of dads wheats... Probably a couple thousand. Do that in place of a puzzle... Just got to know what to look for on each one that makes it worth while. Thanks for all the leads above... Anything I find, I would probably slab, keep and pass down... Unless i got lucky and found something for 5K or more... Like a 92 close
