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Inherited coins -- how to dispose of them? -- asking for a friend
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<p>[QUOTE="Sholom, post: 3642822, member: 17753"]First off: yes, I really am asking for a friend. She knows next-to-nothing about coins, and she knows that I know a tiny bit about coins, so she was asking me for advice. (She's not a collector, and wants to sell them off).</p><p><br /></p><p>Her father-in-law was a semi-serious hoarder, and saved a gazillion things, including coins (he was not a coin collector -- he just saved lots and lots of things). I asked her to send me a list of all of coins, and she started with the dollar coins.</p><p><br /></p><p>In short, she has a bunch of Morgans and Peace Dollars. All of them are the common dates, all are circulated, but the conditions are all over the place: some are G-4, some are F, some are XF, a few may be AU . . . I feel fairly certain that each of her Morgans are (going by Numismedia) worth in the $20 to $40 range. Between the Morgans and Peace dollars, she has about two dozen of them.</p><p><br /></p><p>Somebody told her that if she goes to her local coin dealer, she'll get 30% less of what they are worth -- he's gotta make a living, overhead, etc. But, what other options does she have?</p><p><br /></p><p>(And then we're going to repeat the process with halves, quarters, etc. It's pretty much all circulated silver, various conditions, nothing that's even close to a semi-key date (although, of course, I will verify!)).</p><p><br /></p><p>Thoughts from the esteemed crowd? (And others? ;-) )[/QUOTE]</p><p><br /></p>
[QUOTE="Sholom, post: 3642822, member: 17753"]First off: yes, I really am asking for a friend. She knows next-to-nothing about coins, and she knows that I know a tiny bit about coins, so she was asking me for advice. (She's not a collector, and wants to sell them off). Her father-in-law was a semi-serious hoarder, and saved a gazillion things, including coins (he was not a coin collector -- he just saved lots and lots of things). I asked her to send me a list of all of coins, and she started with the dollar coins. In short, she has a bunch of Morgans and Peace Dollars. All of them are the common dates, all are circulated, but the conditions are all over the place: some are G-4, some are F, some are XF, a few may be AU . . . I feel fairly certain that each of her Morgans are (going by Numismedia) worth in the $20 to $40 range. Between the Morgans and Peace dollars, she has about two dozen of them. Somebody told her that if she goes to her local coin dealer, she'll get 30% less of what they are worth -- he's gotta make a living, overhead, etc. But, what other options does she have? (And then we're going to repeat the process with halves, quarters, etc. It's pretty much all circulated silver, various conditions, nothing that's even close to a semi-key date (although, of course, I will verify!)). Thoughts from the esteemed crowd? (And others? ;-) )[/QUOTE]
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Inherited coins -- how to dispose of them? -- asking for a friend
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