Coin Show Realities

well spent about an hour and a half at the coin show in ClarkesSummit and while I purchased a 1885-O Morgan (NGC MS-63 star!!!!!:halo: ) I offered my 1944 mint set around to about 10 different tables with some "no thanks, not for me" but most offering between $12 and the highest at $14.50. There are pics of this set on my other started posts and am taken back at the offers that are only silver. I know they need to make their money but with a high of 14.50 I can only say that I am extremely disappointed. Throwing this to you, what would you be willing to pay for a set like this??

 

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Pictures or a link to your other post? Congrats on your 85-O pick up!!!!!!

 

here you go http://www.cointalk.com/t127868/.... the 85-O is weakly struck but the reverse from left to rightgoes red orange yellow green blue deeper blue purplish....no pastel but nice 50% hot 50% cool color...(impossible to get any pics to give it justice)

 

You would be better off to sell them individually than as a set, for there were no official mint sets of any kind (Proof or Uncirculated) made that year. This set was assembled by an individual like you and me, and put into a holder to create a self made set. How that individual got them, we will never know. More than likely he just keep coins that looked uncirculated from his pocket change. A dealer doesn't want the hassle of selling each individual piece and therefore won't give you much. Try eBay with a "Buy It Now" for $45 and see what happens. If nothing, go to the plan mentioned in my first sentence.

 

I would say melt.
If you got offered $14 I would take it.
I would have offered $13.50 if they're actually unc and not AU

 

are you kidding? That is worth more than melt. Every coin looks atleast ms but would have to see it in hand but i was pay more then 14$ for it.

 

thanks coervi some of the dealers even didnt calc. any silver (even though it is a small amount) for the nickel...mabye it was their thrist for money or just too stupid to know

 

If they each graded high AU, what do you think they are worth?

If they graded MS what do you think they would be worth?

A dealer would most likely sell them individually, so think in terms of individual coin. To a dealer, I doubt the "set" provides any premium.

 

The cent, dime and quarter each look like decent or better uncirculated coins. The nickel also looks uncirculated, but with a patch of hairlines (from a wipe?) on the reverse. And the half dollar looks like a high grade AU at a minimum.

 

I don't normally havew time to read the US Coin Forum posts

I would buy it for my collection & for my enjoyment & I might even buy it as a gift for a friend that was born in 1944. It is not something that I would purchase as an investment. I like the Capital holder & since I have a place for it in my collection so I might have offered the guy $30 - $35. I wouldn't expect to get more than $20 if I re-sold it today.

I guess I'm a collector & not an investor heh?

 

The nickel also has a hit on the face I think is distracting. I would be interested to know what you would pay for a set like this (based on the pictures) if you had to resell it. I don't think $14.50 seems that bad if they would really grade high AU. I am not a dealer and do not see many coins in hand so I could be way off here???

 

Sorry bud, you are way off.

 

I don't normally handle that type of material, but if pressed to make an offer to a collector...If the coins looked in person, the way they do in the large individual images (and they do look worse in the picture of the entire set in the holder), I would figure them as follows:

Roll bid for the cent comes out to less than $1/coin
Roll bid for the nickel comes out to about $13 per coin, so if it is unc. it should be OK to buy at about $5
Roll bid on the dime comes out to about $7 per coin, so if it is unc. it should be OK to buy at about $5.
Roll bid on the quarter comes out to about $5 per coin, so it should be OK to pay that.
And melt on the half is almost $8, so it should be OK to pay that even if it's not unc.

So, I'd figure the set at about $23.

 

Mark - Thanks for the reply! I know you don't normally deal in these but I was hoping you would give a little insight on what you thought price wise! I am surprised on the nickel and quarter. I would have thought about half as much based on the pictures. The pictures are not the best and they could look much better or a little worse in hand, so it is hard to tell what the dealers might have based their price/decision on. I would imagine most dealers (of size) have these same coins in better grades that do not move as fast as they might wish. It's not a bad looking set but to a dealer that has to make a profit to pay the bills, I could sympathize. I would think the op has a better shot with a collector (maybe at a local coin club) then with a dealer.?.

 

I'm not surprised. Like I said in another post of yours. Put the silver in the safe (use it when silver buys groceries not paper) the penny is a 2x2 keeper.

 

I agree that chances are the OP would do better with a fellow collector than with a dealer. And that is frequently the case, when/if a collector can find another collector to do business with, instead of having to go through a middleman.

Were I to see the coins in hand, I might think more of them were AU, as opposed to unc., and lower my valuation, accordingly. But don't forget that the quarter melts at nearly $4, these days.

 

Thanks, have to love those silver prices - if you have a bunch and are selling - that is. It is hard to believe $4 melt.

 

I went there last year and It's a great show lots of security because I had a shopping bag and they followed me around until they saw I was selling to the dealers. I like that area. I use to go to Goose Pond Scout Reservation as a staff member. Also did Coin collecting merit Badge there for any local scout.They brought the stuff up one night and there parents took it back that night. I hope you sold that set.
Dean 295

 

thanks Dean for that...I liked the show and acually bought the Morgan from the son of the couple who set up the show every year...I love that every yr when I walk in theres the same security guard there