Help with a large coin collection

My family enlisted me to help disburse a large coin collection. The coins were all stored in square stapled cardboard holders. I have thousands of these. I easily seprated out all the bullion, which dont belong in a holder anyway, and will sell them as junk silver. I also seperated all the key dates. But what do you recommend I do with all the coins that are not scrap, but not a key date?

For example, there are hundreds of barber halves, barber quarters, standing liberty quarters, sheild nickels, liberty nickels, indian cents, etc... ranging from AG to XF grades.

Any ideas on how to easily sell them? Are there dealers who will buy this in bulk, while taking the time to look at them and pay more than scrap?

Maybe an auction company?

What are your thoughts?

 

Log in or Sign up to hide this ad.

List it here on the buy-sell-trade (locked until you make 10 posts) area for no fees is your best bet I think.

 

These days common barber coins without full rims are being considered bullion by the big wholesale dealers so finding someone to pay you more then scrap for the ones without full rims is going to be difficult. The pieces with full rims should have a slight premium if they are common dates.

 

I dont have the time to deal with taking pictures of all these coins.

Does it make sense to send them to Teletrade? What is the minimum coin value for it to make sense to send?

 

They all have full rims. So assuming they have a premium to bullion, how do I obtain that premium? Where do I sell?

 

I wouldn't. Find a local reputable dealer. Check the BBB about dealers ratings... also Google searches allow you to see and feedback left by other customers.

Teletrade is only for certified coins or coins that have been graded.

Your best off finding a local dealer.

 

A small one. I think they are currently being sold for about 15x face value for G-VG's.

 

If you are willing to ship the coins to a trusted board member then you may get valuable advice and help for free or for little cost. Additionally, if you could make available an inventory list in the form of something like an Excel spreadsheet via private message then it might help others to help you with this task. I'd be happy to help and I'd be happy to sell the coins for you, too, but given the information thus far I don't know if it would be of that great a value to you.

 

I'd be willing to buy some of them. Get a spread sheet together or offer a lot of say 5 barbers 5 standing liberties etc and post a price at spot (you are going to get less than spot from a dealer) See how many you can sell that way. I'll take a lot of them. Ice

 

Make a few more posts and sell them by multiples of face value, as is, in the advertising section. Auction Houses have to make about 20% so there goes any premium and dealers have to do the same.

You can't get maximum value without the time and effort these professionals will justifiably charge you for. Just mention they have been searched for keys. Many on here are like me and would pay melt for coins already in flips. Just look at a handful, pick out a couple of the TYPICAL examples for grade and condition expectations and be done with them.

If this is too much, then don't expect to get maximum value. I don't know how much of a headache or joy this is for you, but the only thing you can't get is maximum value with minimal effort.

 

Are there any trusted members in the Chicago area? I would love for some advice, and would compensate for his time.

I need to separate the wheat from the chaff.

 

Chicago?

Why not move to a real town?

 

I know there are members in the Chicago area. Ice

 

Any error coins in the lot?

 

Where in the city? I live in the suburbs but work up in the city.

 

I am always buying barber halves with full rims. Why not post them here for sale in the open section? You need 10 posts first.

 

I would also be interested in buying some of your silver dollars, half, and quarters. Just let us know what you want for like $5 and $10 face lots. Let me know

 

I think this is the best idea in this situation. You might want to get quotes from several dealers for the same coin, or sell small lots of [nearly] identical coins to them, then take the rest to whoever you feel most comfortable dealing with. Sometimes the best dealer to work with isn't necessarily the one who offers the highest price if the prices are close.

 

I'd post them for sale here or on eBay - I might be interested in some of them. But, if you want more than bullion prices, you're going to have to take some good pics of the obverses and reverses. Maybe post them in large lots, so you don't have to take too many pics.

 

lol what do you have against Chi Town? lol