Largest Coin Collection Ever on Ebay?

Don't get too concerned when people refer to parts of the collection as "junk silver". This is common nomenclature for collectors. It refers to worn coinage value based on its metal content only. No added value as a collector piece. Many of the coins fall into this catagory, but that's to be expected in a collection of this size.

 

Log in or Sign up to hide this ad.

I agree with Chris. If you're expecting a triple digit return on this, I don't see why you couldn't afford ten more minutes to photograph some key dates better. Nobody is going to spend that kind of money without knowing for sure what they are getting. Also, it's your pocket book, but had you sold in smaller groups I feel you would make more. There are some aspects of that lot alone that would generate a lot of individual interest. I see things I would have bid on, but I can't justify buying 500 pounds of other stuff I don't want just to get it. Food for thought. Best of luck.
Guy

 

nice hoard

 

Since I'm trying to get a group together to bid do you mind letting us know the reserve?

And I too am glad you came her to post.
Thanks for helping clear things up a bit.

 

That's quite a collection, there's really no way to effectively market that on eBay to maximize your profits. Just too much content. I could see this as a real steal with some flipping potential. Hope it works out for the parties involved.

 

I admit that first starting out I was put off by the term junk silver, my first reaction was to think, this aint junk, this is a precious metal, and was saved for years.

 

a flippers dream . I would make arrangements to pick up and pay for the set in person after becoming the winning bid. thats just my opinion. then again I would never buy real-estate sight unseen. again only my opinion.


but a very nice hoard. i'm jealous ! :yes:

 

With having the same listing format and appearance along with the same type of photogrpahy and lot arrangement, and the same location... I'm sure you can see why someone would believe you are affiliated with Anthony's LLC and all their associated ebay handles.
And as I posted earlier, the lots I've seen and purchased had some counterfeits, but also some great stuff.

 

Assuming his math is correct (1129# and 75% silver), he has over $350,000 worth of just the silver metal - that is zero numismatic value. I would guess he needs over $500,000 and probably well in excess of that.

 

The auction is up to $60,100. Lets just say, for the sake of argument, that the reserve is met at $80,000 and someone wins the auction for that amount......The pay-pal fees (according to my handy e-bay calculator) would be $2320.30. WOW! I could pick up a couple o' nice commem's for that jing........

 

Not really.

0.11 * 50 = $5.50
0.06 * 950 = $57.00
0.02 * 79000 = $1580
total = $1642.50

Oh!, and he gets a 20% discount. Therefore, he only pays $1314

 

I know ebay gives a 20% discount to top rated sellers, but does paypal also ?

 

Nope.

I missed what green said. I listed the eBay fees. I am pretty sure PayPal is limited to $10,000 (or less) so it will not do much good in this case.

 

OK. I stand corrected. Still a lota "jing" though. I guess it's all in the game though. One makes allowances for such things. It's just the "cheapo" in me that bristles at such costs......

 

The seller here needs to spend some minimal time on this to maximize profits.

Just culling out the obvious junk silver ( and selling it) will reduce the enormous amount needed to bid on this ( and get much of the investment back quickly)....then sell like items as in Morgan dollars and various series by the album.

One huge lot is not the way to go here.

 

it's totally the way to go if you're looking for a quick flip.

The person that wins it will be the one to break it up and maximize profit. But, they will also spend a lot of time in the process.

I kind of follow the same logic. The more interesting stuff I list individually or in small lots, but the coins worth just a few dollars are thrown into lots of sometimes over 1,000 coins, because I simply don't have the time to photograph, list, pack and ship them all.

 

Can i use bill me later for this

 

Well, I must totally disagree. A lot of what is shown is junk silver, like worn out SLQ's , and general junk silver like circulated franklins, Roosies, wash qtrs, I'd look through the WL halves.

That is a lot of money in the junk silver column. I actually should contact this seller as I just sold my home and have over 100k in my bank account, but I'm now homeless and living in motels and on friend's couches...until I decide where to go. Seller seems to be from NJ, I'm in CT.

This could work, but I need to see the stuff, the pure weight of over 1,000 pounds is a lot, but I have an F-150.

 

I'd love to bid on this. Actually, I'd love to bid on about a tenth of this at a time.

Problem is, there's no way I can estimate, even within a factor of two or three, what's there. I see great piles of circulated silver, but can't tell how much. I see boxes of early silver proof sets, but can't tell which ones, and with the repetition in the photos, I can't even tell how many. I see lots of key dates in albums, but we all know about buying a 1916-D Mercury in a poke, and I can't exercise due diligence on any of them.

If I could at least get a rough count of how many items in each denomination there were, I'd be willing to make an offer based on silver value, plus a premium on the assumption that at least some of the keys and valuable non-silver items are genuine. It's still be a risk, but there'd be a big potential reward, and it would be a lot of fun. Thing is, the seller knows more about what's there than I do, and so "best I can offer based on what I know" may be nowhere near his reserve.

I don't think the auction is going to be successful. But I wish everyone luck anyhow.

 

You're right. If a person could just see the lot you could make a much better determination of it's true value. If you don't my sharing the info, if you do get to see it, let us know what you think. If you really want it, I hope you get the auction. What an adventure it would be to go through that stuff! Also, your avatar has got to be, got to be, the best on the internet!