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<p>[QUOTE="BryceS, post: 4232583, member: 106178"]Good afternoon fellow coin collectors,</p><p><br /></p><p>I've been collecting a wide variety of coins over the past few years. However, I recently began attending college, and I wanted to look into selling my collection to pay off some of my tuition. I had an idea of how much money I wanted to get out of my collection, and I went to a local coin dealer to see what they would offer. Here are some of the highlights of my collection: 1794 Liberty Cap Large Cent (F-VF Details), 1805 Draped Bust Dime (AG), 1806 and 1807 Draped Bust Quarter (AG) 2 1806 Draped Bust Half Dollars (G). Additionally, I have a wide assortment of around 30 capped bust dimes that range in grade from AG to Fine. I also have a conglomeration of other coins, most of which were minted in the 19th Century. </p><p><br /></p><p>Anyways, I used PCGS photograde to get a rough estimate for the grade that my coins were in and I used the Greysheet retail values to get a general idea of the value of my coins, taking off half the value for coins that had been damaged, cleaned, altered, etc. After my calculations, my collection was valued at a bit over $5,000. I didn't expect to get $5,000 for the coins, but I did expect to get a fair offer between $2,000 to $3,000.</p><p><br /></p><p>From there, I took my coins to my local coin shop and long story short, they offered me $1,000 for the entire collection. They said that I had some neat coins but that it would sit on the shelves for a while. However, I was somewhat surprised at how low the offer was. Just as an example, I was somewhat shocked that they were only willing to pay $5 per capped bust dime, even though the retail and wholesale value typically had those coins commanding at least a $15-$20 premium. So, I want to hear your thoughts; should I take the offer, or should I take my business elsewhere?</p><p><br /></p><p>As always, thanks for your advice![/QUOTE]</p><p><br /></p>
[QUOTE="BryceS, post: 4232583, member: 106178"]Good afternoon fellow coin collectors, I've been collecting a wide variety of coins over the past few years. However, I recently began attending college, and I wanted to look into selling my collection to pay off some of my tuition. I had an idea of how much money I wanted to get out of my collection, and I went to a local coin dealer to see what they would offer. Here are some of the highlights of my collection: 1794 Liberty Cap Large Cent (F-VF Details), 1805 Draped Bust Dime (AG), 1806 and 1807 Draped Bust Quarter (AG) 2 1806 Draped Bust Half Dollars (G). Additionally, I have a wide assortment of around 30 capped bust dimes that range in grade from AG to Fine. I also have a conglomeration of other coins, most of which were minted in the 19th Century. Anyways, I used PCGS photograde to get a rough estimate for the grade that my coins were in and I used the Greysheet retail values to get a general idea of the value of my coins, taking off half the value for coins that had been damaged, cleaned, altered, etc. After my calculations, my collection was valued at a bit over $5,000. I didn't expect to get $5,000 for the coins, but I did expect to get a fair offer between $2,000 to $3,000. From there, I took my coins to my local coin shop and long story short, they offered me $1,000 for the entire collection. They said that I had some neat coins but that it would sit on the shelves for a while. However, I was somewhat surprised at how low the offer was. Just as an example, I was somewhat shocked that they were only willing to pay $5 per capped bust dime, even though the retail and wholesale value typically had those coins commanding at least a $15-$20 premium. So, I want to hear your thoughts; should I take the offer, or should I take my business elsewhere? As always, thanks for your advice![/QUOTE]
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