aluminum cent

Purely hypothetical, but how would you go about privately selling a coin like a 74 aluminum cent or 33 saint? Even though the SS have a more relaxed policy on the cents compared to other so call "illegal" coinage auctioning would still be out of the question. Who would be the rich numanistics collectors/dealers to buy such things or would have genuine contacts? What do you guys think.

 

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Welcome to the forum.

If you are implying that you have one of these, then you would have slight difficulty selling one of these coins under the table. As for who to sell the coin to, I would suggest that you would have the coin graded amd authenticated before the transaction takes place. Then, if you have a genuine coin then I would suggest that you auction the coin off instead of selling to a dealer.

Good luck w/ you 1974 Aluminum Cent and 1933 $20 DE

 

I'd sell it overseas, where the grasping hands of US government minions have no remit.

 

It's like trying to sell a nuclear bomb underground, except it's a lot smaller in size.

 

No one is going to buy one that isn't graded and slabbed----and once you do that its almost like opening the door!......the best way to auction off a coin is by auction---higher prices most of the time but for a coin like this the SS an Gov. is going to want their cut or the whole coin.

Speedy

 

sell it out of the country

 

What would you do with money you made? Kinda hard to hide that kind of cash. Maybe you could take a collection of coins in trade.

 

aluminum cent & nickel

why not issue aluminum cent plated with copper?. and aluminum nickel plated with copper nickel?. hope u.s. mint will consider that. and you collectors?

what will be the cost or bullion value for 5 gram of jefferson nickel composed of aluminum plated with copper nickel?. and what will be for 2.5 gram of lincoln penny composed of aluminum plated with copper?. anyone.

or maybe with lead, steel, iron, or zinc and plated with. so that the color will still look like the current nickel and penny.

 

I don't think so, the sale of an "illegal" coin would not draw the attention of most average folks, but if the govt announced that they'd stopped the illegal sale of a WMD that would draw the attention of nearly everyone.

As to the original question, you are going to need a pretty special dealer, specifically a dealer with a number of big spending clients and questionabl ethics. If the clients aren't good enough then you will not get what it is worth, and if the dealer is "too ethical" then he will report the existance of your coin to the proper authorities. Obviously an auction is not a viable option. I like the idea of having it graded (all the major TPG's are on record saying that they would grade such coins, and the evidence is that they will not disclose the owner to the SS). Once it is graded then you need to get it out of the country and sell it there.

Good luck!

 

Having the coin slabbed sounds like a step in the right direction but after which auctioning it sounds like you would attract both good and bad attention that would only lead to seizure. Did you mean a auction outside the US? Keep in mind the government has known aluminum cent examples exist in private hands (toven specimen, etc...)yet none of the owners have been bold enough to publicly sell one.

 

Each year thousands of stolen objects of art such as paintings, etc. worth
several billion dollars are sold by "dealers" to patrons with plenty of money
and political power around the world. A real aluminum cent or 1964 Peace
dollar owner would have no trouble getting cash or gold bullion in exchange
for it IMO. No one is going to write a check for an illegal object. If you
had such an object, you would IMO have friends who would know such a
"coin dealer" and that person would know such big collectors, or would
give up a part of his % to another "big dealer" who did know such people.
Unfortunately as the past has shown, many of the holders of stolen art
and objects are very well respected museums worldwide. Often the "need"
to own such an object overwhelm any "ethical" consideration as they feel
they can do a better job of protecting the unique objects. Although TPG
might help in selling on the midrange market, authenication of such a coin
could easily be done out of sight. Some one buying a 1964 Peace dollar
would not argue to much over whether it was MS-60 or MS-63. AJMO.

 

I could launder the money...
Joking...

 

Interesting question!!! If you want some real insight into what you are about to get into, read Illegal Tender by David Tripp. Believe me, you'll get the best picture of what you are about to get into by reading this book. Good luck.

 

No need to launder or hide the money, your not selling nuclear weapons here. Simply pay taxes on your earnings just like any other high value collectibles.

 

Authentification not for grade. But to make sure its a genuine coin. Not a fake one.

I don't think there should be a problem auctioning it off ebay from a third world country - and shipping worldwide with hidden bidders What do you think?

 

No, the 33 double E is quite illegal to own.

 

Actually, he was caught in a set up in a hotel room in New York. Minor detail but true just the same.

 

It is this mentality that is causing you to hold onto the 33 Double Eagle that you have hidden and that is causing Old Dan to hold onto his 64 Peace dollar. I see now, you guys are just holding out hoping the winds of change will change the government's stance before binging those beauties into the open, right?

lol

 

i think they could get away with it, if they tried... it wouldn't be easy to take it through to the US though