Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Join Thousands of Coin, Bullion, & Money Collectors Vancouvers #1 Coin and Paper Money Dealer Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. 300,000 items to help build your collection! Specializing in Modern Numismatics Coin, Banknote and Medal Collectors's Online Mall Royal Estate Auctions - $1 Coin Auctions








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Acquired A Coin Hoard Today

To participate in the forum you must log in or register.
First Page  Showing last 15 replies.
Author Previous TopicReplies: 18 / Views: 4,160Next Topic Page 2 of 2
Valued Member
United States
330 Posts
 Posted 07/18/2014  12:57 pm  Show Profile   Bookmark this reply Add Danhelmick98 to your friends list
Great score!
Pillar of the Community
United States
898 Posts
 Posted 07/18/2014  1:08 pm  Show Profile   Bookmark this reply Add duncanbishop24 to your friends list
Man oh man, I would love to have that. I am finishing up filling holes for Roosevelts & Jeffersons and would love to upgrade some. Washintons and Mercs are next and it would be so perfect.

Congrats and enjoy. What a nice friend.
Valued Member
United States
177 Posts
 Posted 07/19/2014  06:03 am  Show Profile   Bookmark this reply Add papermoney to your friends list
Good score! Keep us updated with whether or not the quarters turn out to contain silver!
Valued Member
United States
396 Posts
 Posted 07/19/2014  08:23 am  Show Profile   Bookmark this reply Add BigAppleBucky to your friends list
Interim update.

I finished inventorying the dimes. There were 477 silver and a few nice 1965 clads. 125 mercs and the rest Roosevelts no Barber or earlier. Only 352, not 353 of the Roosevelts.

I've started the quarters. Opened the folders. Most were silver. A few clads were nice examples of 65, 66 and the newest coin of the entire lot, a single 1967 which tells me it's likely the entire lot had been sitting in a basement for 47 years.

There were three standing liberties. One might be a 1929, but is essentially dateless as are the other two.

I've inventoried through 1949. There were 53 30's and 194 40's. No key dates or DD's and no coins in really great condition, but all have readable dates.

I have to finish up with the 50's and 60's today.
Valued Member
United States
396 Posts
 Posted 07/19/2014  6:36 pm  Show Profile   Bookmark this reply Add BigAppleBucky to your friends list
Finished the inventory. There were 610 silver quarters in all. Three essentially no date liberties and this one:

This George has certainly been to war.

Acquired-A-Coin-Hoard-Today

Acquired-A-Coin-Hoard-Today

Is that a 52?

Only the later coins, especially the 1964s had some nice examples close to AU or MS. Most of the quarters were of the normally well worn variety. No chest feathers until a few in the 1950s.

Breakdown by decade.
30's 51
40's 194
50's 264
60's 98


1 1937 D, 4 1938 P, 2 1939 D, 2 1940 D - all in the G range.
Nice, but not a '32 with a mint mark.

No 55 D which wasn't too surprising.

In total over $3,000 in silver melt value.

I got the guy's cell phone number today, I'll call him on Monday. I understand from one of the guys that he didn't save these coins, his mother did. I know he was in a rush to get his house empty, but this was over the top.

My wife loves the candy tin they were in. It was made in Germany.
Pillar of the Community
United States
898 Posts
 Posted 07/20/2014  12:41 am  Show Profile   Bookmark this reply Add duncanbishop24 to your friends list
Wow what a find! Awesome update. Hope the phonecall went well!
Valued Member
United States
396 Posts
 Posted 07/21/2014  8:50 pm  Show Profile   Bookmark this reply Add BigAppleBucky to your friends list
Made contact today. He was so busy moving in he didn't recognize who I was at first. He had not realized there was so much silver or that it was worth so much more than face.

He suggested 45-55% split on sales which I immediately agreed to. I'll give him 50% of the market value of any coins I keep. (won't be too much above melt since most of the coins are common dates and not much above good condition in most cases)

I wonder if it would make any sense to sell via ebay as opposed to a dealer. On ebay, bulk quarters and dimes seem to be going for about 10 to 15% over melt and when you take out PayPal-eBay's 13%+, full melt value would actually be better.
Pillar of the Community
United States
5208 Posts
 Posted 07/21/2014  9:00 pm  Show Profile   Bookmark this reply Add jack jeckel to your friends list
If it's $3K melt and you agreed on a 50 /50 split and you had $1500 to spare I would just buy his share out and keep them all.
Valued Member
United States
258 Posts
 Posted 07/21/2014  11:12 pm  Show Profile   Bookmark this reply Add 1000_Rubles to your friends list
That's an awesome score, and good for you for being honest and splitting the returns! He obviously didn't know what he had! Keep us posted on what happens!
Pillar of the Community
United States
3843 Posts
 Posted 07/22/2014  03:17 am  Show Profile   Bookmark this reply Add Joe2007 to your friends list
It is likely that many local coin shops will offer well back of melt value for junk silver. I've heard that 80% to 90% of melt is fair although some dealers might pay a little bit more if they have a ready buyer. I've also heard the horror stories of coin shops offering 30% to 50% of melt if they think the seller isn't well versed in coins so your mileage may vary.
Valued Member
United States
396 Posts
 Posted 07/24/2014  10:39 pm  Show Profile   Bookmark this reply Add BigAppleBucky to your friends list

Quote:
Joe2007

It is likely that many local coin shops will offer well back of melt value for junk silver. I've heard that 80% to 90% of melt is fair although some dealers might pay a little bit more if they have a ready buyer. I've also heard the horror stories of coin shops offering 30% to 50% of melt if they think the seller isn't well versed in coins so your mileage may vary.
I spoke to a local guy and he was offering to buy at a 10% haircut. I'm guessing that's the best I could do with a dealer. Clearly they want to make a bit of money on the exchange.

I've been watching ebay auctions and, after ebay fees, they net out to around melt. More work, but also more fun.
Valued Member
United States
153 Posts
 Posted 07/24/2014  10:43 pm  Show Profile   Bookmark this reply Add TellersTreasures to your friends list
NICE HOARD OMG.
*jealous*
hahaha great catch my friend!
Valued Member
United States
396 Posts
 Posted 08/05/2014  7:20 pm  Show Profile   Bookmark this reply Add BigAppleBucky to your friends list
I sold a number of rolls on ebay over the weekend.

Definitely was not worth the extra work. The gross prices on dimes were about melt and the quarters a bit more than melt (go figure) but after ebay fees the net was about exactly what the dealer would have paid without going through all the work of scanning, write-ups, etc., etc.

Saved out some coins that I'll pay my friend 50% of dealer price on rather than the 45% on the stuff sold. In all we'll each net out over $1,000.

The only "collectable" coin of the whole lot was the very first one I looked at - a 1938D nickel that had escaped its folder.

There were 4 1938 P, 2 - 1939 D, 1 - 1940 D, 2 - 1940 S along with a couple of essentially uncirculated 1963 and 64 quarters. And I saved out some of the better Mercury dimes, but not many. All common dates.

I wonder how one can do more than just stumble on to one of these opportunities. Probably not.
Pillar of the Community
United States
1512 Posts
 Posted 08/05/2014  7:49 pm  Show Profile   Bookmark this reply Add matttheriley to your friends list
Those dateless Standing Liberties, were they Type 1's or 2's. Did they have the three stars on the reverse under the eagle?

Valued Member
United States
396 Posts
 Posted 08/06/2014  7:45 pm  Show Profile   Bookmark this reply Add BigAppleBucky to your friends list

Quote:
matttheriley

Those dateless Standing Liberties, were they Type 1's or 2's. Did they have the three stars on the reverse under the eagle?
Three stars on the only one I kept.

By now the other two are melted.

There is a 9 on the date making it a 1919 or 1929, but the coin is very worn. Nothing else can be seen. If I had to guess I'd say 1929. no mint marks.
Page 2 of 2   Previous TopicReplies: 18 / Views: 4,160Next Topic Page 2 of 2
First Page  Showing last 15 replies.
To participate in the forum you must log in or register.


    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.34 seconds to rattle this change. Forums