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Seeking Advice: Selling Inherited US, World Coins, Proof Sets, & Paper Money
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<p>[QUOTE="wxcoin, post: 3003614, member: 74624"]Last year I helped an elderly friend sell he late mothers collection. She had both US and foreign coins. She had multiple US mint and proof sets from 1968-2004. She also had many foreign proof sets and proof coins as well as many dimes, quarters and halves. It took me the better part of a week organizing her coins before taking them to a dealer friend. It really helps speed up the process for a dealer.</p><p><br /></p><p>Basically, I organized everything by type and whether the coins were US or foreign. Mint and proof sets are generally worth considerably less than what the mint sells them for. There are a few exceptions: the 1970 mint set is worth more because no halves were made for circulation and can only be found in mint sets; the 1996 mint set brings a premium because of the extra West Point dime.</p><p><br /></p><p>Anything containing silver or gold should be separated since they bring more for their bullion value. This goes for both US and foreign coins. If their are any older coins you may want to check their values in US and foreign coin reference books. This all depends on how much time you're willing to spend sorting through everything.</p><p><br /></p><p>The collection I helped sell had several mint state large cents and gold coins. I set those aside and sent them to NGC for attribution and grading. The coins were then sent to one of the major online certified coin auctions where they sold. The dealer would have paid her half or less for the raw coins so the cost/effort of certification ended up being worthwhile for her.[/QUOTE]</p><p><br /></p>
[QUOTE="wxcoin, post: 3003614, member: 74624"]Last year I helped an elderly friend sell he late mothers collection. She had both US and foreign coins. She had multiple US mint and proof sets from 1968-2004. She also had many foreign proof sets and proof coins as well as many dimes, quarters and halves. It took me the better part of a week organizing her coins before taking them to a dealer friend. It really helps speed up the process for a dealer. Basically, I organized everything by type and whether the coins were US or foreign. Mint and proof sets are generally worth considerably less than what the mint sells them for. There are a few exceptions: the 1970 mint set is worth more because no halves were made for circulation and can only be found in mint sets; the 1996 mint set brings a premium because of the extra West Point dime. Anything containing silver or gold should be separated since they bring more for their bullion value. This goes for both US and foreign coins. If their are any older coins you may want to check their values in US and foreign coin reference books. This all depends on how much time you're willing to spend sorting through everything. The collection I helped sell had several mint state large cents and gold coins. I set those aside and sent them to NGC for attribution and grading. The coins were then sent to one of the major online certified coin auctions where they sold. The dealer would have paid her half or less for the raw coins so the cost/effort of certification ended up being worthwhile for her.[/QUOTE]
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Seeking Advice: Selling Inherited US, World Coins, Proof Sets, & Paper Money
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