Lincoln Mint Set History of the Civil War

There is a set on ebay for 875. Sets have sold in online auctions for 800 and 900. I am assuming that to be a retail price in a very limited market. You are looking at 33 ounces of silver. How much of a premium are you willing to pay? What would 33 silver eagles cost you? And would that be a better investment? They are much easier to sell.

 

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Firstly what is the auction number in ebay...You did not disclose that so we do not have to search..... Secondly as long as those german items are all 1 ounce each, then the price of the silver eagles can come into play..... Some of those german items look like cupro nickel

33 x 1706 = 562.98 but that is for pure silver or .999

Then take 85% of that and it comes down to $487.53
Just remember that is what a dealer will more than likely pay IF THEY ARE ALL SILVER!!!!
Something else that oldhoopster and myself did not add was that in your posting, this is what you said " QUOTE The guy is a good friend and his grandfather handed them down but he has no interest in them so he said he rather they go to me or someone who would appreciate the coin not the metal. " UNQUOTE.... He would have done all the homework first so please dont kid yourself...I guess i am a bit harder than others and that is because in my younger years i was burnt by a so called good friend. There is one hard and fast rule and that is there are no friends in business at all.... No matter how close a friend they maybe...Experience speaking here. I personally would take a bit less and sell to a coin dealer or place it on ebay for metal value only than doing business with friends is simply not worth it. if you lost on ebay, tell your friend the auction number and if they do not make the bid, it will show you how much they really wanted it... I place all this on the same line of helping an ex wife if she falls into trouble...lol

 

I have noticed the ebay auction and each coin / medal weighs 25grams each...As there is 31.1035 grams to the ounce, that makes it in metal value ( as long as they are all silver ) Features 40 coins/medals as stated in the auction but not all were pictured....In .999 silver, each weighs approx 25g. 17.06 divided by 31.1 = .54c a gram for pure..... .54c a 25 = 13.50per item ( if silver ) ..13.50 x 85% = 11.74 and that is what a dealer would pay.... If you pay between 9.00 and 10.00 per coin/medal , there is an earn of 10% for you and that is higher tyhan what bank intrest is. However i would not buy them as some look like cupro nickel and they are worthless minted in that metal. As well as that, some are cleaned and a true collector would not want cleaned coins in his/her collection... However if you have some money to throw away, throw it in my direction...lol...OIO

 

I do not possess the coins yet and did not clean them. I know Its bad to clean them except in certain circumstances and with the right solution. I know my friend did not clean them either. Maybe one of the family members attempted the cleaning over the years of them being passed down. I do Thank You for the literature and info. I will pass it along to the current owner of them as well.

 

I also suggest you pass onto the owner to sell his own stuff and not let others like you cop the flack from someone like me. That is not fair to you.... Please note i have heard this all before. How can you place up for sale something you do not have?? I am sure the organizers of this will see that.... If you are trying to snow job me, it is not working...Take it from me mate, most of the items you have in the picture are cleaned and badly at that....The dirt inside the lettering and around the detrails exposes that fact...if you say sets have sold on ebay, then give us all the sold auction numbers so we can check it for ourselves instead of some heresay ... Remember what judge judy says about heresay?? She ignores it....have a nice day...OIO

 

I'm trying to understand the meaning of your post

Read post 1 and 9 again. His friend was selling them on ebay (apparently without success). The OP wanted to get some feedback as to the value in order to work out a fair trade for some work he is going to do. Members (inc you) have given him some decent info. The OP has been appreciative of the info he got. Should be a nice end of thread for everyone.

 

Made from a private mint that will sell anything for a profit. Not a US Mint issue so it's not a US Coin. It's a novelty, nothing more.

 

They don't look silver to me.

 

Hello new collecter Rick
I am inquiring about your history of the civil war silver if you could get back [phone number redacted] I'd love to talk
Terence

@Terence condon - sorry, but phone numbers and emails in public posts are a no-no on this site. Send him a private message instead. ~Moderator

 

You stated here .... I know Its bad to clean them except in certain circumstances and with the right solution. You are wrong as the rule in numismatics is DONT CLEAN A COIN AT ALL.... Here is a scan from one of the leading books on the planet written by Greg McDonald.... But what do we advanced collectors know..People like me that have been in the hobby of numismatics for over half a century dont know a thing...do we!!! You newcomers are always right...arent you!!!! Excuse the sarcasm but i am sick of newbies thinking they know everything... After being a coin dealer for over 40 years, i guess the old saying which states the customer is always right sticks and both retired dealers like myself and people still in the trade are all wrong... Well if collectors think that they are always right, why do they approach dealers for valuations when they can do it themselves??? Have a nice day

 

I do not think they were cleaned. I think they were sold with an "antiqued" finish that gives a bit of darker coloring around the devices.

Unfortunately, many of these nostalgic items were sold to unsophisticated purchasers with the thought that they would be valuable collectibles that could be passed down through the generations.

My parents, for example, bought a folding jackknife that was supposed to be a very elegantly produced item. It was shipped straight to me. When I opened it, it had plastic wood-grained sides that were already falling off. It went straight to the trash.

Now, years later, these private mint products have reached their natural level. Almost none of them had any intrinsic value to start with, regardless of their slick marketing and high cost, and now there is almost no value at all.

If these are really .999 silver there is a value to the silver only. A dealer will only pay a bit more than bullion value for recent commemoratives, but not for any private coin or medal issues.

Edit: I meant to say an ASE will get you more than a generic silver round, but neither will get the straight silver price. 85% sounds right. One has a market to coin collectors but the other can only be sold to bullion hoarders or melted.

 

As a retired dealer i agree with you to a certain degree... However coins in general are not worth the weight they are....Only certain circumstances like the 1911s and 1912s wheat pennies hold their values because of such small issues...Those dates had little issued as the copper was used to make artillery or bullets for WW1...There was not enough copper to mint coins for the country and also shoot the enemy in war... Personally i used to buy the silver ay 70% and onsell to another part time dealer at 80%...You see i could not leave my shop ( as i was a dealer from Sept 1977 to Aug 2011 ) and i used him to earn a bit of money and he was my wheels so to speak..As for that, he earnt the other 10% and sold it at 90% of metal price.... But is a customer came into my shop, i would charge them 85% of the metal price but they had to have bought at least 2.2 LB's ( 1 kilo ) or more otherwise it was not worth it for me to liquidate...Just remember if a person wants to pick and choose from the bulk you have, dont sell it.. The same can be done with mint stamps but the amount to be earnt is way higher as the buying price most dealers pay is 50% face value or less... I have to pay about 75% as i dont have the shopfront now to get it at the bottom price, but a 25% earn is ok and better what the banks pay in intrest....OIO

 

The Franklin among is a private Mint not associated with the US Mint. Their sole purpose is to make money.

Buy those colorized Quarters for $12.95 each. $12.95 times 50 states and 6 territories equals $725.20. Now try and sell that set. To coin collectors there are damaged. Face value is $14.00. You'd be lucky to get $25.00 for the set.

 

Only if someone wanted it