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<p>[QUOTE=&quot;jaceravone, post: 681689, member: 9474&quot;]First of all I apologize if I made this sound like these coins were passed down over generations from this guys family and he sold them in desperation for some money.&nbsp; This was not the case.&nbsp; His family had them, he didn&#039;t want them, he knew I collected coins and figured I would buy them from him for a fair price.&nbsp; Simple enough.&nbsp; </p><p>&nbsp;</p><p>The bag also contained some bicentennial quarters and halves along with some 1950 nickels which I took out and gave them to him and said spend them.&nbsp; The coins were really all junk and I normally would not have gone after something like this or if I did, I would offer the bare minimum.&nbsp; But this guy was nice enough to think of me and I wanted to offer him something he thought would be a fair price.&nbsp; So like I do with all my coins that people give me to evaluate, I took them home and put them in excel by date followed by grade then by price/value.&nbsp; I also have an excel spreadsheet that a CT member created for us a few years ago to evaluate the value of silver.&nbsp; In the end, I had two really nicely typed out spread sheets with values for all his coins.</p><p>&nbsp;</p><p>In the end, I offered him $10 which in my opinion was about $2 more than what I would have offered someone.&nbsp; So when I presented him the spreadsheets and the offer he was kinda taken back by the price.&nbsp; I guess he figured he had a million dollars on his hands....I don&#039;t know.&nbsp; I don&#039;t know what he was expecting and I didn&#039;t ask.&nbsp; He did say that he thought they would be worth more.&nbsp; I explained to him that the value of a coin depends on many factors, one of which is quality.&nbsp; For instance, he thought that the 1911 Lincoln would be worth a lot.&nbsp; And I told him that it would be worth a nice amount of money if it were in uncirculated condition and was not corroded.&nbsp; I could barely see the date with my loupe, that is how badly corroded it was.&nbsp; He thought about the deal all day and then at the end took the $10.&nbsp; He doesn&#039;t realize that he got a good deal and that I am the one who came out on the losing end of this....dollar wise.&nbsp; If he brought those same coins down to our local coin shop, he would have received a fraction of what I paid him.&nbsp; I even encouraged him to do so, but in the end he was satisfied with what had transpired.&nbsp; </p><p>&nbsp;</p><p>So thats the story folks.&nbsp; Thanks for everyone chiming in.&nbsp; Glad to know that we were all very closely on the same page.[/QUOTE]</p><p><br /></p>

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