I won this mint bag of 1962 D cents at an auction. I knew going in the bag was opened and am now wondering how best to sell/store them. The coins were listed as BU, and are nice, as shown in the second pic, and I trust the seller that there are 5,000 coins in the bag. I have 100 plastic rolls that I can put them in, but was wondering if there was any benefit in keeping them in the bag.
There's a few minor doubled dies and about 20 RPMs listed for 1962-D if you felt like searching for them with a loupe. I personally think that the mint bag is pretty cool.
I would leave them in the bag and make sure its stored in a cool dry place with the top sealed. It survived this long hasn't it? My answer my be different if they were a bag of BU WL halves or something, but 1962 cents were saved in tremendous numbers during the roll craze.
You should at least go through and pick out some of the very best pieces, meaning coins which could possibly grade MS-66 Red and better. If you like errors you could go through them and see how many different double dies and RPM's it may contain. I, personally would not leave them in the bag but roll them and occasionally sell off a roll or two. If you ever decide to sell the bag you won't get as much per coin than if you were to sell off individual rolls over a period of time. Keep the Mint bag whatever you do.
One thing remains a possibility, and that is that if you find a particular doubled die, RPM, clash or whatever, there are likely to be multiples of it in the bag. One sealed Mint bag of 1980 that I searched produced 228 coins with the same clash. Like Ed said, you would probably fare better by selling individual rolls of coins a few at a time. Chris
i would search and separate any keepers, put remainder in plastic coin tubes and put tubes in a coin tube box to store away and sell off those tubes as need be...
If unsure, this is usually a question to ask before buying, but if you're happy, all is good. As for selling and even assuming you paid a very reasonable price, it seems like an awful lot of effort when compared to the likely reward if any sort of profit is your goal. If you enjoy the search for varieties, etc, doing as the others have suggested would be a good way to get "added value" from the purchase, and this does not necessarily come from any worthwhile coins that may be found. As for picking any high grade examples, this is an option, but only if you're quite good at grading, at least if submission is the end goal. The best I could say is since you've a lot of the same coin, just try to have a little fun with it as there really is no right or wrong decisions here.
I got what I think is a very reasonable price of $98 for the bag and coins. A quick search on eBay shows rolls in plastic tubes going for between $1.50 and $3.00, so at an average of $2.00 I double up when I want to sell them. Unfortunately it's an opened bag, as a sealed bag just sold for $250. I'm new into this, but looking at some from the bag and examples of PCGS MS66RD online, there are some that look like they may fly. For now, I think they're just going to get plastic tubed, and put back in the bag. As I have time (probably 20 years from now when I retire) I'll go through them and look for varieties or high grade candidates. Thanks for all your help!
