I just inherited a fairly large coin collection (mostly silver) and am trying to figure out the best way to sell it for a fair price. I don't have time to list them all individually on eBay or any shipping coins route. I am thinking of selling the entire collection to a trusted coin shop that hopefully won't take advantage of my lack of knowledge of all these coins. I live in GA, and was wondering if anyone has done business with a shop in that area that will give me an honest price. I know they have to make money themselves, so I understand I will be getting less than face value. I'm just overwhelmed with all the different aspects of each coin that make them a higher or lower price (special years, mint marks, different letters on coins, etc). If anyone has any advice I'd be very thankful
I'm in Crisp County (mid-south) GA. After googling coin dealers it appeared most are in the metro Atlanta area. I would definitely be willing to travel that far to sell all these coins to someone I trust though.
Why would you take less than face value? Frank is right. Get a Red Book and look for key dates before you do anything. Any chance you can post a few pics?
It will help if you buy a price guide (preferably the red book) and look up every coin/set in the collection. Then you can create a detailed inventory record showing what you have and the relative price range. If you have any questions or want more input, you can post pictures of coins or the entire collection on here. People will be happy to assist with any questions.
Too many coins and too little time. Just the Mercury dimes and silver quarters number in the thousands.
@ToughCOINS @LostDutchman @stldanceartist Do you know any dealers in Georgia you can refer the OP to for assistance?
Lol, I'll try to list all the types of coins that I have alot of. It would just be a lot easier to find an honest buyer than the learning curve I'll need to learn all these coins variances
Pay someone knowledgeable to inventory and appraise the collection, then go to another party (unrelated to the first party) to sell. Accept no less than, say, 75% of the appraised value. Don't bust out the appraisal initially when negotiating with the 2nd party. Sorry I do not have specific references for such parties in your area.
Lots of sharks in the coin business no matter how "trusted". They live for situations like this. You are just begging to be taken advantage of. GL
Take a look at this site. It will tell you the silver value for your coins: http://www.coinflation.com/silver_coin_values.html TC
Maybe I'll just lock them up and let my beneficiary deal with them one day, lol. Atleast I've separated and labelled the containers.
I've got Lincoln head cents, Indian Head cents, Jefferson nickels, v-nickels, buffalo nickels, barber dimes, Mercury dimes, Roosevelt dimes, Washington quarters, standing liberty quarters, Franklin half dollars, Kennedy half dollars, walking liberty half dollars, Susan b Anthony dollars, peace dollars, American eagle dollars, Morgan dollars, Eisenhower dollars, Sacajawea dollars, presidential dollars, foreign coins and currency, plus other random/specialty coins