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<p>[QUOTE="sf340flier, post: 174433, member: 5806"]As stated earlier, you have to answer a question for yourself first: Are you a collector or an investor (or both)?</p><p><br /></p><p>If you are a collector, then this is an easy answer -- open the bag! I know I would have had that bag torn open so fast all you would see would be threads.</p><p><br /></p><p>If you are an investor you should assume that the dealer (even in 1966) would have taken out the rare mintage coins and most likely left common circulated coins. I'm sure with the increase in VAM prices you are bound to find some great coins, but all things equal, I think the bag would be worth around $15-20 per coin, on average. Therefore, in order to squeeze out a value above the 1000 common date circs you could sell the bags with the so-called "mystery" premium. While I probably would pass, it seems to me many so-called "mystery-lots" brings buyers willing to pay a premium in hopes of getting something special. I would guess you may be able to get a $2-3 premium per coin ($17-23) by selling like this.</p><p><br /></p><p>Of course, how would you handle a situation where the coins are all culls? What if the buyer takes the bag, removes the dollars, and replaces with culls and demands a refund? How would you prove what was in the bag to begin with? Given the total momey involved, I have a feeling you could end up in a courtroom over this one (not an ebay arbitration service).</p><p><br /></p><p>Weighing all options, I would easily open the bag if I were a collector, and would weigh heavily toward opening even if I was an investor. Get a good VAM book and go to town!</p><p><br /></p><p>Good luck![/QUOTE]</p><p><br /></p>
[QUOTE="sf340flier, post: 174433, member: 5806"]As stated earlier, you have to answer a question for yourself first: Are you a collector or an investor (or both)? If you are a collector, then this is an easy answer -- open the bag! I know I would have had that bag torn open so fast all you would see would be threads. If you are an investor you should assume that the dealer (even in 1966) would have taken out the rare mintage coins and most likely left common circulated coins. I'm sure with the increase in VAM prices you are bound to find some great coins, but all things equal, I think the bag would be worth around $15-20 per coin, on average. Therefore, in order to squeeze out a value above the 1000 common date circs you could sell the bags with the so-called "mystery" premium. While I probably would pass, it seems to me many so-called "mystery-lots" brings buyers willing to pay a premium in hopes of getting something special. I would guess you may be able to get a $2-3 premium per coin ($17-23) by selling like this. Of course, how would you handle a situation where the coins are all culls? What if the buyer takes the bag, removes the dollars, and replaces with culls and demands a refund? How would you prove what was in the bag to begin with? Given the total momey involved, I have a feeling you could end up in a courtroom over this one (not an ebay arbitration service). Weighing all options, I would easily open the bag if I were a collector, and would weigh heavily toward opening even if I was an investor. Get a good VAM book and go to town! Good luck![/QUOTE]
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