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 Replies: 16 / Views: 3,483 |
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Valued Member
 Canada
224 Posts |
Coin Mart was grading their own dimes and then selling them for $1.50 or so.
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Valued Member
Canada
224 Posts |
I'm really doing it for the fun of it, so I'm not to worried about it only being able to purchase $0.50 of today's currency in the future
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Pillar of the Community
 Canada
9865 Posts |
If you enjoy it, great, value doesn't matter.
"Dipping" is not considered cleaning...
-from PCGS website
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Valued Member
Canada
228 Posts |
You probably had a good time going through the roll, I know I enjoy it. Unfortunately from a profit perspective, lots of people hold on to mint rolls now, and lots of people readily break these rolls up and sell the raw (not certified) coins individually and on ebay. There's a lot of competition on this stuff that doesn't command much of a premium in the first place, so your profit margin will be small (if any after ebay and Paypal take their cut). If you have a good, well-trained eye, and you're lucky enough to find a virtually flawless gem example after going through a few (or more) rolls and submit it to a TPG (Third Party Grading service) to try for an MS-66, or even a 67, then find a buyer willing to pay close to what it's worth, you might make a few bucks. Bare in mind that when you're talking high MS grades, the slightest impairments really matter, including hairline scratches from the edges and corners of polymer notes, or anything else you use to handle the coins. |
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Pillar of the Community
Canada
9865 Posts |
Quote:
Coin Mart was grading their own dimes and then selling them for $1.50 or so. Check their sold listings. They actually did't sell any. The time and money they spent slabbing the coins and listing them on ebay was was all for naught. "Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
5591 Posts |
No pricing guide is accurate... you can't sell a coin to a book. You need someone with a wallet to buy your coin. The only way to get an accurate price is by looking at items that have ACTUALLY sold and then to ensure that the item that you have EXACTLY mirrors the one that is sold. Take DBM's word for it that your $5 roll is worth 5 dollars and will be for the rest of your life.
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Pillar of the Community
 Canada
5402 Posts |
As long as Mike is having fun with coins that is the most important. Hobbies = Fun and relaxation first , monetary gain a very distant second or third.
Even now after well over fourty years of doing this mostly for a living , I still get a huge kick out of going through the odd old hoard or roll. Last week cracked a roll of 1954 dimes...... awesome!
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Pillar of the Community
Canada
1463 Posts |
That's a pretty neat idea.
I think it would be awesome to open those up in 50 years, who wouldn't like that? that's a great idea. Tiny pristine time capsules.
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Pillar of the Community
Canada
693 Posts |
mike9999999 : Your little plastic bags do not look archival. I wouldn't leave nice coins in them for long. The coins will start to develop a film of PVC on their surface. Cardboard 2x2s or a coin tube would be safer.
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Valued Member
Canada
224 Posts |
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Valued Member
Canada
224 Posts |
Acetone? Acetone! Where can I get some good old Acetone!
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Valued Member
Canada
224 Posts |
The bags I'm using are made of 100% virgin polyethylene film, is that ok?
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Pillar of the Community
Canada
5591 Posts |
Acetone at Home Depot or any hardware store.
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Valued Member
Canada
395 Posts |
If they are 100% polyethylene they should be perfectly safe.
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Bedrock of the Community
United States
11951 Posts |
If you keep them long enough ..they might increase in value.
Even if the bags a PVC free ... you will still want to store them in a
climate controlled environment. Humidity can really hurt coins.
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Replies: 16 / Views: 3,483 |
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Posted 11/15/2016 8:46 pm
