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Replies: 21 / Views: 3,231 |
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Valued Member
Canada
133 Posts |
I agree it is a nice find at face value. The roll itself to the right buyer could go for $12 to $20 as SPP-Ottawa already mentioned.
If you were to break the roll up, you could get an average of $2.50 a nickel (depending on grade) if there are no XWL. However it would be a slow processes to move 40 BU 64 nickels.
Trade value would really depend on if the dealer or fellow collector is looking for 64 BU nickels.
In the end you paid $2.00 for the roll so anything above that in trade or selling you are still going to come out ahead.
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Pillar of the Community
 Canada
5417 Posts |
@lesin
You mentioned that I might get an average of 2.50 a nickel. So that would mean $100 for them all? So then why could I expect just $12-$20 if I sold it as a whole? Anyways I'm going to go through it and look for the any extra water line's. I'll repost if I find any.
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Pillar of the Community
 Canada
5417 Posts |
Unfortunately I didn't find any extra water line's. I did, however, find 2 "spitting queens". What could I expect for those? One seems to be in MS-61, the other in MS-63. I will contact my local coin dealer and see what he has to say. Thanks for the all the help.
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New Member
Canada
27 Posts |
I would guess around 200-500
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Pillar of the Community
 Canada
5417 Posts |
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Valued Member
Canada
133 Posts |
Quote: You mentioned that I might get an average of 2.50 a nickel. So that would mean $100 for them all? That's correct. It may take you a year or two to sell 40 coins individually. Most of the time groups of coins, coin sets, rolls etc. will bring you a much better return if sold separately but it can also take a long time to sell all the coins individually. Here's a true example. I purchased a roll of 2003P Magnetic (CPS) Old Effigy pennies for $5.00. I paid $4.50 above face value. I broke up the roll, searched through it and am now selling the individually pennies for $4.75 each. I offer free shipping so once you take off the shipping costs, ebay fees, PayPal fees it works out to approx. $3.00 per penny. Now some of the pennies were toned or scratched so I finished with 37 nice MS pennies. 37 X $3.00 = $111.00 is the profit off a $5.00 roll of pennies. Now the trick is you have to be extremely patient as it may take me a couple of years to sell them all. It is very time consuming and it you are in no hurry to make some money from your roll of nickels, selling them individually for a couple of dollars each will bring you a far greater return than selling them as a roll. But after that being said, you scored on 2 spitting queens so I wouldn't worry about the rest of them. Depending on the grade are looking at $50- $250 each. Carson3333 was a little high.
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Pillar of the Community
Canada
849 Posts |
Wow $4.75 for a 2003P is a little steep lol. I sell a set of 2000-2012 pennies for $15 shipped, maybe I should up my price a little ;).
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Valued Member
Canada
133 Posts |
Quote: Wow $4.75 for a 2003P is a little steep lol. I sell a set of 2000-2012 pennies for $15 shipped, maybe I should up my price a little ;) Or I should buy them all from you qbvbsite :) Let's not get too carried away, I put them on 5 coins at a time. I've sold 12 coins thus far at that price so still have a long way to go before they are all gone. Don't want to get off topic, but in all my experience with ebay, selling singles is the way to go. I've done year sets in the past for pennies, nickels, dimes, quarters and loonies and I just didn't find it worth my time. I had several people email asking me for a single coin as it was the only one they needed for their collection. Through trial and error I've found that a buyer will pay $2.00 to $5.00 for one single coin to fill a hole before they will buy a set even at a much cheaper price as they don't want all the other coins.
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Pillar of the Community
 Canada
5417 Posts |
@lesin Thanks a lot. I'm not really very happy with the idea of selling anything on ebay. I think I will go to the 4 coin dealers in my town and sell them 10 coins each. I'll see what I can get.
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Pillar of the Community
1844 Posts |
you will get next to nothing at the coin dealers..Hence the word COIN DEALER their in it to make money not spend it so dont expect to much....
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Pillar of the Community
 Canada
9866 Posts |
 once you've opened the roll,to a dealer in lots of 10 they are face value coins.
"Dipping" is not considered cleaning... -from PCGS website
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Pillar of the Community
Canada
849 Posts |
@lesin I tried singles when I got my first few rolls of colored quarters and they didn't sell to much... I have actually found that sets sell much faster. Also now that I got about 150+ rolls singles really isn't an option... Sets are the only way I'm going to move my inventory in my lifetime.
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Valued Member
Canada
133 Posts |
Quote: I have actually found that sets sell much faster That's the great thing about selling and what sets us all apart from one another. You do better with sets, I do better with singles. That's looking at both side of the coin (did I just type that?)
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Moderator
 Canada
10463 Posts |
..and qbvbsite will tell you, that I do better with selling mint rolls...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
849 Posts |
@SPP, hehe yep you sure do :)
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Replies: 21 / Views: 3,231 |
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