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<p>[QUOTE="clembo, post: 671128, member: 8033"]Nothing wrong with being honest.</p><p><br /></p><p>You might consider contacting a few local dealers to see what they are paying on "junk silver" because that's what they will most likely pay for coins like Franklins unless they are high grade. That could be anywhere from 8-10X face value.</p><p>If they're paying 8x face for example and you have 150 Franklins you're talking $600.</p><p><br /></p><p>What other silver do they have? Apply the same formula to that. Wheat cents. Figure 2 or 3 cents each. Add it up.</p><p><br /></p><p>Is it over $1000? Are there better dates involved?</p><p>Run it by them. If you could get $1200 for the collection but were able to pull a few better coins for yourself in the process you'd all benefit.</p><p>Your cousin gets better money and you get some coins for your efforts and it will require some effort.</p><p><br /></p><p>I sold a collection years ago for a 5% cut. Nicer stuff but it was a lot of work. I'd never do it again for that rate. At least the guy realized how much effort I did put in it and gave me a few really nice coins as a "bonus".</p><p><br /></p><p>P.S. as informative as Redbook is I would NOT use it as a basis for value. An average circulated Franklin is little more than "junk silver" in most cases.[/QUOTE]</p><p><br /></p>
[QUOTE="clembo, post: 671128, member: 8033"]Nothing wrong with being honest. You might consider contacting a few local dealers to see what they are paying on "junk silver" because that's what they will most likely pay for coins like Franklins unless they are high grade. That could be anywhere from 8-10X face value. If they're paying 8x face for example and you have 150 Franklins you're talking $600. What other silver do they have? Apply the same formula to that. Wheat cents. Figure 2 or 3 cents each. Add it up. Is it over $1000? Are there better dates involved? Run it by them. If you could get $1200 for the collection but were able to pull a few better coins for yourself in the process you'd all benefit. Your cousin gets better money and you get some coins for your efforts and it will require some effort. I sold a collection years ago for a 5% cut. Nicer stuff but it was a lot of work. I'd never do it again for that rate. At least the guy realized how much effort I did put in it and gave me a few really nice coins as a "bonus". P.S. as informative as Redbook is I would NOT use it as a basis for value. An average circulated Franklin is little more than "junk silver" in most cases.[/QUOTE]
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