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1938-D BU Roll of Buffalos/ 44-D Walkers
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<p>[QUOTE="Tom B, post: 879764, member: 11854"]I'm only seeing the reverse image of one coin in this thread and that image shows a bison with a rather mushy front left shoulder and leg. It could be a mushy strike or just a lighting artifact. However, the 1938-D is <i>by far </i>the most generic Buffalo nickel and this means that you can buy certified MS65 or higher examples for not all that much money with respect to other coins in this series. When I wrote "not all that high" for grade what I meant was a coin like that might only grade MS64/65 and since this is a 1938-D then that is "not all that high".</p><p> </p><p>I don't know what you have into the coins, which will determine quite a bit how profitable they are for you, but if you look at closed auctions on ebay you can see pieces in PCGS MS67 holders for well under $200 and even under $150 per coin while in PCGS MS66 holders they can be had for under $50 each. Other grading services fare slightly worse for prices realized. Of course, if you have wonderfully toned coins you would likely realize more as you also would if you had an over mint mark coin. The coin you have appears to be the typical gold toning coin for the issue and this would not qualify for a premium to most people.</p><p> </p><p>My logic was such that if you paid on average <i>Greysheet </i>for the roll then you would have paid about $20 per coin. If you then had the roll certified by PCGS at the least expensive tier it would cost you $18 per coin for certification plus about $1-$2 per coin for shipping to and from PCGS. This might mean you are into each coin at $39-$40. If your grades are all MS66 and you sell them on ebay with an average sales price of $55 per coin, which is more than 10% above what you can buy them for on ebay, then you pay ebay and PayPal fees of perhaps 7% and this is about $4. Ebay also expects you to ship free or for very little and this may add another $3 for insured shipping per coin. The total expense would be around $45-$47 per coin to sell a roll of PCGS MS66 certified 1938-D Buffalo nickels on ebay if you received 10% higher than the current price of such coins in this grade on ebay.</p><p> </p><p>The profit would be $8-$10 per coin under this scenario, which is nice for 40 coins and adds up to $320-$400. However, you would have your money tied up for many months to do this and would be most likely making single sales over and over again. The hourly rate for the profit would start to drop after a bit. Additionally, you might get a PayPal scam on you, but that is a very small percentage chance. If you did not receive at least 10% over the current price per coin on ebay then your profit on the roll might be $100-$200 and obviously this is quite a bit less for a considerable amount of work.</p><p> </p><p>About six years ago I purchased a roll of 1938-D Buffalos and had the majority certified and it took nearly two years to sell them all at shows and online. They were a real drag and the coins that I had were hammered in terms of strike.[/QUOTE]</p><p><br /></p>
[QUOTE="Tom B, post: 879764, member: 11854"]I'm only seeing the reverse image of one coin in this thread and that image shows a bison with a rather mushy front left shoulder and leg. It could be a mushy strike or just a lighting artifact. However, the 1938-D is [I]by far [/I]the most generic Buffalo nickel and this means that you can buy certified MS65 or higher examples for not all that much money with respect to other coins in this series. When I wrote "not all that high" for grade what I meant was a coin like that might only grade MS64/65 and since this is a 1938-D then that is "not all that high". I don't know what you have into the coins, which will determine quite a bit how profitable they are for you, but if you look at closed auctions on ebay you can see pieces in PCGS MS67 holders for well under $200 and even under $150 per coin while in PCGS MS66 holders they can be had for under $50 each. Other grading services fare slightly worse for prices realized. Of course, if you have wonderfully toned coins you would likely realize more as you also would if you had an over mint mark coin. The coin you have appears to be the typical gold toning coin for the issue and this would not qualify for a premium to most people. My logic was such that if you paid on average [I]Greysheet [/I]for the roll then you would have paid about $20 per coin. If you then had the roll certified by PCGS at the least expensive tier it would cost you $18 per coin for certification plus about $1-$2 per coin for shipping to and from PCGS. This might mean you are into each coin at $39-$40. If your grades are all MS66 and you sell them on ebay with an average sales price of $55 per coin, which is more than 10% above what you can buy them for on ebay, then you pay ebay and PayPal fees of perhaps 7% and this is about $4. Ebay also expects you to ship free or for very little and this may add another $3 for insured shipping per coin. The total expense would be around $45-$47 per coin to sell a roll of PCGS MS66 certified 1938-D Buffalo nickels on ebay if you received 10% higher than the current price of such coins in this grade on ebay. The profit would be $8-$10 per coin under this scenario, which is nice for 40 coins and adds up to $320-$400. However, you would have your money tied up for many months to do this and would be most likely making single sales over and over again. The hourly rate for the profit would start to drop after a bit. Additionally, you might get a PayPal scam on you, but that is a very small percentage chance. If you did not receive at least 10% over the current price per coin on ebay then your profit on the roll might be $100-$200 and obviously this is quite a bit less for a considerable amount of work. About six years ago I purchased a roll of 1938-D Buffalos and had the majority certified and it took nearly two years to sell them all at shows and online. They were a real drag and the coins that I had were hammered in terms of strike.[/QUOTE]
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1938-D BU Roll of Buffalos/ 44-D Walkers
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