Selling a coin collection

Discussion in 'Coin Chat' started by Dawghall, Feb 13, 2018.

  1. Dawghall

    Dawghall New Member

    I just inherited a fairly large coin collection (mostly silver) and am trying to figure out the best way to sell it for a fair price. I don't have time to list them all individually on eBay or any shipping coins route. I am thinking of selling the entire collection to a trusted coin shop that hopefully won't take advantage of my lack of knowledge of all these coins. I live in GA, and was wondering if anyone has done business with a shop in that area that will give me an honest price. I know they have to make money themselves, so I understand I will be getting less than face value. I'm just overwhelmed with all the different aspects of each coin that make them a higher or lower price (special years, mint marks, different letters on coins, etc). If anyone has any advice I'd be very thankful
     
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  3. Clawcoins

    Clawcoins Well-Known Member

    Georgia is kinda big.
    Any particular area?
     
  4. Dawghall

    Dawghall New Member

    I'm in Crisp County (mid-south) GA. After googling coin dealers it appeared most are in the metro Atlanta area. I would definitely be willing to travel that far to sell all these coins to someone I trust though.
     
  5. Treashunt

    Treashunt The Other Frank

    Buy a Red Book, it'll help you see which are better dates.,
     
    TopcatCoin likes this.
  6. Why would you take less than face value? Frank is right. Get a Red Book and look for key dates before you do anything. Any chance you can post a few pics?
     
  7. USCoinCollector42

    USCoinCollector42 Active Member

    It will help if you buy a price guide (preferably the red book) and look up every coin/set in the collection. Then you can create a detailed inventory record showing what you have and the relative price range. If you have any questions or want more input, you can post pictures of coins or the entire collection on here. People will be happy to assist with any questions.
     
  8. Dawghall

    Dawghall New Member

    Too many coins and too little time. Just the Mercury dimes and silver quarters number in the thousands.
     
  9. Do yourself a favor and check to see if you have any 1916-D Mercury dimes. TC
     
    Dawghall likes this.
  10. Dawghall likes this.
  11. CoinCorgi

    CoinCorgi Derp, derp, derp!

    So THAT'S where they are! I've been looking in the wrong place.
     
  12. gxseries

    gxseries Coin Collector

    I think "fair price" is going to be a real challenge.
     
    V. Kurt Bellman and Paul M. like this.
  13. Dawghall

    Dawghall New Member

    Lol, I'll try to list all the types of coins that I have alot of. It would just be a lot easier to find an honest buyer than the learning curve I'll need to learn all these coins variances
     
  14. Dawghall

    Dawghall New Member

    I was afraid of that
     
  15. CoinCorgi

    CoinCorgi Derp, derp, derp!

    Pay someone knowledgeable to inventory and appraise the collection, then go to another party (unrelated to the first party) to sell. Accept no less than, say, 75% of the appraised value. Don't bust out the appraisal initially when negotiating with the 2nd party. Sorry I do not have specific references for such parties in your area.
     
    Paul M. likes this.
  16. Michael K

    Michael K Well-Known Member

    Lots of sharks in the coin business no matter how "trusted".
    They live for situations like this. You are just begging to be taken advantage of.
    GL
     
  17. -jeffB likes this.
  18. Dawghall

    Dawghall New Member

    Maybe I'll just lock them up and let my beneficiary deal with them one day, lol. Atleast I've separated and labelled the containers.
     
    OldFlyByNightUK likes this.
  19. Dawghall

    Dawghall New Member

    I've got Lincoln head cents, Indian Head cents, Jefferson nickels, v-nickels, buffalo nickels, barber dimes, Mercury dimes, Roosevelt dimes, Washington quarters, standing liberty quarters, Franklin half dollars, Kennedy half dollars, walking liberty half dollars, Susan b Anthony dollars, peace dollars, American eagle dollars, Morgan dollars, Eisenhower dollars, Sacajawea dollars, presidential dollars, foreign coins and currency, plus other random/specialty coins
     
  20. CoinCorgi

    CoinCorgi Derp, derp, derp!

    hmmm...

    *checks heart*...

    whew. wasn't me!
     
  21. How are these coins stored? In tubes? In bags? Are there any in special holders all by themselves?
     
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