New Pickups

I purchased these coins today from a gentleman for $40.00. I was actually worried about the color of the 1922-S Peace Dollar but the weight turned out to be just fine. Sadly, it has a scratch or something on the face. Probably from when the gentleman put them in his pocket to bring them to sell (I admit I cringed when I saw him pull them out). Opinions on the price point and coins always welcome!

 

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I reckon the Columbian alone should be worth $25+.

 

It's in great condition but has some gunk on it. I'll need to give it an acetone bath. I HATE cleaning/preserving coins so I am going to wait until I get some distilled water to clean off any residue.

 

Just run them under warm tap water after the acetone and Pat dry. Were not talking big money Coins. Nice little buy

 

I'm actually tempted to keep that Columbian Half as I think it's better than the one I own. I had intended to flip these coins for a small profit.

 

Nice catch ,the Columbian leave as is nice looking coin. The 1921 a bath maybe pvc damage. Like to see a close up of the 1928 date.

 

For $40, not bad at all.

 

I'd keep the Columbian, but I'm biased..........

 

1928? Typo or am I missing something? Nothing is dated 1928, there is a 1926 nickel?

 

I always cringe at colorized state quarters. So ugly looking.

 

Those are all average circulated grade coins, and many of them are damaged. The columbian is "worth" $20-$25 (although I doubt you'd net that if you were to try and sell it), the Morgan and Peace are each $13.65 in silver (probably about $15 retail). The dimes are worth melt ($1.27 each). For $40 you theoretically "did well," but you won't make much profit if you attempt to sell them.

Basically, you bought a bunch of junk silver, some pocket change, and a Columbian half. I wouldn't have done it, but if you like it and it furthers your collecting goals, I guess go for it.

 

Me too! That one's going into the coin jar for spending.

 

I mostly agree with you, I thought $40 was a very fair price. I do, however, think I could net at least $5-10 off the purchase. That's at least 10% profit, which I wish I could get the same return on my stocks. Worst comes to worst and I have some spare junk silver and broke out at least even. I also really like the Colombian Half Dollar and if I can preserve it, I might just keep it.

 

Tired eyes duh

 

Just put that bad boy in some form of minimum containment......a 2x2 or an air tight.

 

To explain where I am coming from (and I hope I don't sound like a dick, but I've been accused of that many times before):

For the same $40, my personal preference would be to buy one really nice UNC Morgan, or high quality circulated coin of a different type but equal value. Obviously, you know your collecting goals and the sets you are working on better than I do (I'm assuming you have collecting goals, of course - if not, that's another discussion we probably should have).

Does this purchase contribute to your set or collecting goals?

In general, buying a single nice coin of high quality for the price, with good eye appeal, is going to serve you better in the long run. What are you going to do with the dozen junk coins you just bought? You have an accumulation of old stuff you don't need and a Columbian that you "might just keep" *if* you can "preserve it" (whatever that means).

So ask yourself - what are you trying to accomplish with this purchase? Are you buying coins for an accumulation/hoard? Are you buying them to sell for a profit (which, as I have mentioned is unlikely - or at least not worth the time/effort you will spend for it). Again, not trying to attack you or anything - just trying to offer you a different opinion, explain where I'm coming from, and maybe help you think about things a bit.

 

He bought it to flip & make a few bucks. And the Morgan and peace will bring at least $20-22 each. He did well for a small quick flip

 

And now he'll have $50-60 to spend on a nice UNC Morgan.

 

That's how I would think of it. But, personally I would have passed on the deal, but that is just me. I like to have a little more meat on the bone for flipping.

 

Sure anyone would like to have more meat on the bone for flippin', but any profit is profit, pure and simple. Good enough buy, for sure!