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how can I get top dollar for my foreign coin collection???...
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<p>[QUOTE="dougsmit, post: 1082906, member: 19463"]While several have pointed out the possibility of the group containing valuable coins, the opposite is also true. Not old and not rare foreign can easily be worth less than the cost of postage. While it is true that a coin might be worth over a dollar face in its land, most currency traders only do paper and a service charge often eats up even the value of exchanging a few dollars worth of major currencies. Since there are millions of variations of foreign coins and many are boring, it is not correct to say they have to be worth more than the same weight to collectors. I know a local dealer that has a pick out pot where any coin is 25 cents to adults (kids get to take a handful free just for visiting). I've seen half Euro coins in that pot but to go somewhere to spend it would eat up the profit. </p><p><br /></p><p>Here is the tough love part: If your time is too valuable to sort and identify them why would someone else worth for free? You will be paying someone to take them off your hands hopefully paying a fair price for the coins minus a fair price for their expert services. Unless your coins were bought fifty+ years ago or come only from premium countries, you should be offered a per-pound price. No one really wants a ton of aluminum coins from failed governments of the 1990's. You might do better donating them to a scout troop and taking a deduction for the face value. Just be careful not to claim more than they are really 'worth'.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 1082906, member: 19463"]While several have pointed out the possibility of the group containing valuable coins, the opposite is also true. Not old and not rare foreign can easily be worth less than the cost of postage. While it is true that a coin might be worth over a dollar face in its land, most currency traders only do paper and a service charge often eats up even the value of exchanging a few dollars worth of major currencies. Since there are millions of variations of foreign coins and many are boring, it is not correct to say they have to be worth more than the same weight to collectors. I know a local dealer that has a pick out pot where any coin is 25 cents to adults (kids get to take a handful free just for visiting). I've seen half Euro coins in that pot but to go somewhere to spend it would eat up the profit. Here is the tough love part: If your time is too valuable to sort and identify them why would someone else worth for free? You will be paying someone to take them off your hands hopefully paying a fair price for the coins minus a fair price for their expert services. Unless your coins were bought fifty+ years ago or come only from premium countries, you should be offered a per-pound price. No one really wants a ton of aluminum coins from failed governments of the 1990's. You might do better donating them to a scout troop and taking a deduction for the face value. Just be careful not to claim more than they are really 'worth'.[/QUOTE]
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how can I get top dollar for my foreign coin collection???...
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