Discussion in 'What's it Worth' started by Todd Williams, Oct 27, 2020.
Best offer at a coin store today was $7400?
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Your granddad clearly had a good eye for coins. that set has quite a bit to go through.
Look man, I'm in the neighborhood of $7400 on the two $20 dollar gold and two $10 golds, ball parking $6000 there since I don't know condition exactly or mintmarks, add in the $5s, another $1200 and we are there at $7400.
the dollars, quarter eagles and rest of the book is all icing on the cake for the dealer.
this dealer is starting to look like he was trying to rip you off to an extent. Please do not tell me what you sold the silver to him for or how much of it. LOL he likely gamed you there also. I'd say there must be a couple thousand here that he lowballed you by. must be another thousand between the dollars and quarter eagles. I don't know much about the rest of the book, but that page alone must be $8200-$8500 if you bought examples from APMEX to fill it alone and were generic dates and mintmarks and average conditions.
I think $7,400 is a low ball offer. I understand the dealer wants/needs to make money too, but c'mon...
The double eagles alone are worth around ~$2.8-3k each, not to the mention all the other beautiful (and a few somewhat rare) coins in there. And that's just eyeballing it; no idea on some of the mint marks, MS vs PR, grade, etc.
I mean, I've hit some stores today, but I feel like they were gaming me.
If you had a serious collection, what would you do?
I guess Heritage has skin in the game to ensure they get as high a fee as possible?
What if I don't want to sell? And just get an honest evaluation? Hire a numismatist. Three I've talked to won't do the evaluation unless they're selling it.
Well, I'm trying to do justice to the value he put in them.
I realize I don't have the eye a coin enthusiast does and frankly don't want to "disrespect" value of the kind you just wrote. You're damn right that I am doing this to not just get a representation of value. But also to chase the sense of pride my grandad had.
I know he spent a long time doing this. All this has been in my parent's safety deposit box for years so I knew they were a big deal. How big a deal? You're telling me, regardless of if I can sell it for 10K or whatever, this collection is a big deal in your world. I have had no clue. And I'm doing this to understand something way more than money.
I'm in Dallas, Texas if you know anyone who can help. Also open to a phone/zoom call with anyone who would be willing.
yes But provident likely won't get him top dollar for condition, ect. no doubt they would make an offer as bullion, maybe a little for date and mintmark more if it's better date, but I'm not so confident on them for condition although when they get it, if they notice a gem I don't think they will hesitate to get it graded to maximize their profit off it.
ideally you'd want to hire an appraiser if you just want to know values for insurance purposes, and they'd need to be knowledgeable in coins and conditions/grading. it's work, there's many that will offer you a free opinion on a coin, but not so many that want to go over an entire collection and come up with numbers for everything without charging for it.
I think someone here could hook you up with a dealer in the Dallas/Ft. Worth area but it is what it is and you'd still need to be careful, people are sketchy regardless if they are recommended by someone.
i'd take it as Randy said in his post, slowly, you should find out how to handle them without damaging anything, post pictures here for free opinions on grade and worth and come up with what you'd like to send for third party grading. then, I'd say sell what you want to sell, keep what you want to keep, and know exactly what you have without getting screwed in it, and if you decide to sell on ebay yourself, or heritage, or any of them, at least you are solid on what it is, what it grades, and what it should be worth.
fairly certain if you can handle them carefully take and post pictures directly to the website without links, we (people of this website) can narrow down and separate the wheat from the chaff and help you on your way to what really needs to be graded to maximize value, and what would cost you more to grade than it would get you in return (like the ike dollar in that set for example).
Randy is right, "this isn't the normal accumulation" we see on here. you should take it slower so you aren't taken advantage of by someone out there.
I am totally new here and to the collection you have looks like its worth a lot more than you were offered, just based on the knowledge I have acquired in the past few weeks of learning about my new 'hobby'. Can I suggest you check Photograde on https://www.pcgs.com/photograde and check some of your coins against the detailed images there as well as against the price guide for your coin and years. Not only will you learn something but get a better idea of the value of your collection.
OK. Will do. I will commit to not doing anything further without feedback here. The silver today was circulated coin sold for bulk. Maybe I didn't get the best price, but I didn't sell anything valuable like this stuff. Sincerely appreciate ya'll taking the time.
I am a fan of seated coins. Look at your Liberty Seated Dollar. From what I can glean with my pitiful tech skills, that is a mint state coin. Easily a $2000.00 plus coin.
Most people do not fill a Dansco 7070 with rare date coins. But being the kind of collector your grandad was, he may very well have some rare dates in there. I simply cannot tell. That seated dollar is just an example of the quality your grandad was shooting for in his coin collection.
Now here’s the deal. I know you aren’t a collector. Understand that these days when big ticket coins come to market, the real numismatists will expect them to be certified and graded. You will not achieve your best value unless you go through that process. And it will require an up front investment from you. Figure roughly fifty bucks a coin. But that will be chicken feed when they go to market.
I know this is a lot to digest in a short time. What you are in possession of is a very special gift from your grandpa. Honor him by taking your time with this.... Better yet, keep some of his fine collection set aside for your families next generation maybe. Anyone on this site would be in heaven holding what you own.
One final thought. If you have a Facebook account, do not post about this among your Facebook friends. Good people have lost collections to perceived friends exactly that way. Keep this quiet and in a safe deposit box.
Having said that, I don't know your circumstances. IF you're looking to sell, Heritage (or an equal reputable big auction house) would be the way to go. I'm sure they take a hefty cut, but this would gets the coins graded and out to a wide audience.
Personally... I hope you're in the position where you could take the time to learn about these heirlooms. You've got quite a lovely collection there.
At the end of the day, only YOU can prevent forest fires.
@Todd Williams .... You're getting great comments. You're a very lucky man. I'm sure you will in the end make your grandfather proud. As they say "Rome wasn't built in a day!"
Thanks for sizing up some images. Wow man for sure I lowballed the gold myself just going off what it would cost to buy them now as a reference point. There's some good coin here and I won't be surprised if there isn't also some rarer die varieties there also.
Wow. Yes that is.
I can’t stop staring down that seated dollar. I would love to see that one in hand. Grandad sure did have an eye for fine coins.
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