Just curious. I am sort of new and want to know what you guys think about buying bulk coins.. Any luck and where? public auctions?
Welcome to the neighborhood! Most bulk lots have been searched, so don't expect to find any million dollar coins in them. I noted in your other thread that you collect world coins. So, if you can find a seller on eBay who is offering a varied mix of countries, denominations and dates, then I see no harm in it as long as the seller isn't asking too much. I don't collect world coins, so maybe someone with experience with these will chime in. Chris
I have been buying some bulk coins from people, but wasn't sure if that was the best way. Thanks for the well thought out reply btw, I really appreciate the help! As a US coin buyer, where do you look for coins at?
Some newspapers and "white sheets" allow you to free list a desire to bid on estates with coins. Also check with your county's offices in probate or property dispersal , where ever they list and auction estates where there are no one to inherit ( Usually such may not leave much , but sometimes it is surprising what they have stashed away. Jim
As a rule with only a couple of exceptions, I don't buy bulk lots because I collect mainly uncirculated coins.....Morgans, Franklins, Ikes, Kennedys, Sacs, etc. The only other "bulk" purchases I've made have been $25, $50, $100 & $250 bags from the US Mint searching for high-grade (MS68 or better) business strikes which I then submit for grading. Chris
Almost all the folks who manage estate sales will go though coins with a fine comb.. take anything worth anything for themselves or buddies, and then sell the common stuff to the public as auction hype prices. I'd avoid with a passion if I were you... but feel free to check a few estate sales out and see for yourself.
