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Help! Know Nothing About Coins But Inherited Boat Load!

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Pillar of the Community
United States
1158 Posts
 Posted 12/26/2014  1:08 pm  Show Profile   Bookmark this reply Add tkbslc to your friends list

Quote:
Keep in mind... even if you find a fair dealer (they are out there), coin shops will always offer less than retail (that's how they pay the bills). Selling directly to a collector will generally net a larger figure.


That is definitely true. However, selling to individuals has costs involved, too. ebay takes 10-15% by the time you cover shipping, commission and payment fees. And you have to accurately inventory, list and photography to make full market value. Selling locally takes a lot of time to set up buyers and exchanges. Both involve risk of selling to someone shady or inviting crime. Sometimes losing 30% to dealer isn't a bad deal overall, including cost of time and risk.

In all cases make sure you do your homework as that's the best way to avoid getting taken advantage of.
Valued Member
United States
149 Posts
 Posted 12/26/2014  8:06 pm  Show Profile   Bookmark this reply Add Shaf2b to your friends list
Few more

Help!-Know-Nothing-About-Coins-But-Inherited-Boat-Load!

Help!-Know-Nothing-About-Coins-But-Inherited-Boat-Load!
Valued Member
United States
149 Posts
 Posted 12/26/2014  8:09 pm  Show Profile   Bookmark this reply Add Shaf2b to your friends list
Platinum

Help!-Know-Nothing-About-Coins-But-Inherited-Boat-Load!

Help!-Know-Nothing-About-Coins-But-Inherited-Boat-Load!

Help!-Know-Nothing-About-Coins-But-Inherited-Boat-Load!
Pillar of the Community
United States
1391 Posts
 Posted 12/26/2014  8:14 pm  Show Profile   Bookmark this reply Add The Silver Searcher to your friends list
That Buffalo is stunning!
Pillar of the Community
United States
655 Posts
 Posted 12/26/2014  8:36 pm  Show Profile   Bookmark this reply Add NJ Bob to your friends list
Welcome!



You've got some really great coins. The best advice you'll get is "don't clean them". The second best is learn about what you have before you do anything else. This forum is a terrific place to start.
Moderator
Learn More...
United States
15521 Posts
 Posted 12/26/2014  8:42 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list
I admit to being confused by the multiple threads from this new member -

Replied to another - hopeful that we can help.

David
Take a look at my other hobby ... http://www.jk-dk.art
Valued Member
United States
149 Posts
 Posted 12/26/2014  8:51 pm  Show Profile   Bookmark this reply Add Shaf2b to your friends list
Apologies - I have only two threads: modern and classic as suggested by the forum moderator. Didn't realize I had more. Newbie here. Will get the hang of it.
Pillar of the Community
United States
1391 Posts
 Posted 12/26/2014  8:53 pm  Show Profile   Bookmark this reply Add The Silver Searcher to your friends list
It's all good. It can help to have one or two threads as intros and then give each.coin its own.
Pillar of the Community
United States
5837 Posts
 Posted 12/27/2014  02:37 am  Show Profile   Bookmark this reply Add macmercury to your friends list

Once you have assets your brother belonging, or if he have left any invoices/statements that you know of on the larger purchases, it can help you to evaluate current holding. And decide whether you want to join a membership like PCGS or NGC to resubmit some of your other lesser known slabbed coins.

If you need faster services in selling, then consign to one of the larger auction houses to do your leg work.

Good Luck!
Pillar of the Community
United States
3453 Posts
 Posted 12/27/2014  08:42 am  Show Profile   Bookmark this reply Add CoinsKelly to your friends list
to CCF. I am sorry for your loss, I know this can be a difficult task.

I did not see this sticky on this thread so you may want to check it out.
This is a great compilation of the advice that you have already received on this thread.

https://goccf.com/t/167629
Valued Member
United States
149 Posts
 Posted 12/27/2014  9:29 pm  Show Profile   Bookmark this reply Add Shaf2b to your friends list


Help!-Know-Nothing-About-Coins-But-Inherited-Boat-Load!
Pillar of the Community
United States
992 Posts
 Posted 12/27/2014  10:20 pm  Show Profile   Bookmark this reply Add paxbrit to your friends list
Sorry for the loss of your brother, I'm sure you're thinking of him this holiday season.

Looks like you've inherited a good deal of value there, if you sell correctly, could end up with no mortgage or something like that, with no trouble at all. Your brother has left you with a true legacy, he was an astute buyer and that is something to be proud of.

Do make an inventory of each coin, including the grade if you can, just an Excel spreadsheet or something, and populate a value column during the next year. This is something you could sit on for a year and learn what you have in that time, then decide what to do with it after that.

Do go down to a coin shop and purchase a new catalog of US coinage, one that includes the range of MS grades, and use that to assist in the valuations. Then take your list to a couple of shows, some shops, and verify prices by grade and coin from their inventory. The ungraded material, or the private slabs, you can grade yourself, or post here for some grading assistance, if you take good photos of them. Leave the coins in the private slabs, it protects them. If you have unslabbed, loose coins, you will want to get them in mylar flips or Coin World holders, something like that.

You can get it all appraised, that will cost you some money, or some coins, but it's worth it to get some knowledge yourself.

Plan on sending some coins in to PCGS or another grading service, for professional grading. The first private slab you posted is probably not MS67, but an honest professionally graded slab is going to be worth the $30 fee. A buyer will knock down the rating to MS60 or 62, having it regarded to MS63, say, is worth doing, as grade then becomes a non-issue.
Valued Member
United States
149 Posts
 Posted 12/27/2014  11:41 pm  Show Profile   Bookmark this reply Add Shaf2b to your friends list
Thank you very much, PaxBrit for the great advice
Valued Member
United States
149 Posts
 Posted 01/04/2015  01:52 am  Show Profile   Bookmark this reply Add Shaf2b to your friends list
Ok. Now come across quite a few of these sets

Help!-Know-Nothing-About-Coins-But-Inherited-Boat-Load!
Pillar of the Community
United States
2815 Posts
 Posted 01/04/2015  11:32 am  Show Profile   Bookmark this reply Add Darth Morgan to your friends list
Good grief. The collection you inherited is simply stunning. Oh, and by the way, I'm jealous, and I hate you. Hahaha. Just kidding. Keep posting these pictures away.
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