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Replies: 55 / Views: 7,701 |
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Pillar of the Community
 Canada
5586 Posts |
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Pillar of the Community
Canada
1505 Posts |
If I can make one more comment.
You might want to look at doing some kind of "Type Set". Basicslly keep a small number of nice coins that form a representative set of your father's collection. It will be a great memory/legacy but still allows you to capture the value of the collection. For example, keep the 1936 silver dollar, but sell the 1948. A nice 1936 will cost $60, while the 1948 is worth $1000+. You could put together a great set, without costing very much, especially if you are selling in bulk, you might not even see a difference in value if you take a few common coins out. Later on if you decide you really don't want them, you can easily sell a type set.
A dealer will probably price most of 1950's-60's silver at melt, all Olympic stuff at melt, any 1968+ at face value, with a few exceptions.
The canadian mint stuff generally sells for melt/face vale/fraction of original price.
I cant comment on the paper money.
My basic idea is that you can keep a little bit without significantly affecting your final selling price.
Good luck and hope you can put out a nice amount of cash for your mom and maybe have a nice memento of your father's collection.
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Valued Member
Canada
242 Posts |
I agree with giving dealers a call. One good test: Take GOOD pictures of that 48' and send them to the dealer, see what sort of price they toss out: Colonial Acres London Coin Centre Etc.. Any foreign (silver or older) stuff?
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Pillar of the Community
Canada
2984 Posts |
Everyone has missed this one but there is a $1 banknote from 1898 that worth some money. According to my 2018 Charlton Paper Currency Catalog that banknote is worth $3250 in AU condition. $5500 in UNC condition. Looking at the picture, the banknote has sharp corners, which certainly is one of the criteria for AU or UNC. Can't see if there are any folds on it though. This is the banknote:  The rest of the Dominion of Canada banknotes maybe $100-$200 each,
Edited by MoneyPenney 03/19/2019 01:59 am
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Pillar of the Community
Canada
2984 Posts |
Quote: Note that dealers will probably give you an average of 50% of the retail list value of the items More like 25% or bullion. Only ones getting 50% are high demand coins like the 1948 silver dollar. Correct answer: Quote: A dealer will probably price most of 1950's-60's silver at melt, all Olympic stuff at melt, any 1968+ at face value, with a few exceptions.
The Canadian Mint stuff generally sells for melt/face vale/fraction of original price. As for the stamps, very little value because they are cancelled and used. Even if mint not much money because they are pretty common. The 1/2 cent stamps worth a couple of bucks each.
Edited by MoneyPenney 03/19/2019 01:51 am
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Pillar of the Community
 Canada
5586 Posts |
There are also a few shinplasters that can bring some nice $$, but I can't see the date/series. Many of them are pretty common.
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Moderator
 United States
188213 Posts |
A large and varied collection your father assembled. Thank you for sharing it with us.  Yes, I noticed there was an Ike in the mix (pictured twice). 
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Valued Member
Canada
288 Posts |
My suggestion would not be to start buying catalogs and trying to price this stuff yourself. Pay a few dealers for appraisals (two or three). Be up front, tell them that you are not looking to sell. If you use the dealers suggested earlier in this thread, you should get a fairly reasonable idea of what they're worth and what you can get for it. I don't see any reason to treat this as a DYI project given the amount of material and the wide-ranging nature of it. If you follow these steps, you will maximize your return for time spent dealing with it. You might want to search ebay Sold Items for things like the 1858 cent, 1948 dollar, 1960 PL set, 1898 Dominion of Canada dollar, 1878 DOC dollar, Olympic gold coin, etc just so you have some idea of what these things sell for in comparable condition.
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Pillar of the Community
 Canada
1777 Posts |
Sorry for your lose. I'm going to follow this thread and wish you all the best on the outcome. I say this because this could happen to my kids. I'll always take a learning chance. I'm of the sort who would keep it local, through the clubs, give the underdog the 1st shot at it. Nothing but good vibes there. And , yes as others have said, keep some for your memories. Good Luck.
"We are poor little lambs...who have lost our way...Baa...Baa...Baa"
In memory of those members who left us too soon... In memory of Tootallious March 31, 1964 - April 15, 2020 In memory of crazyb0 July 27 2020. RIP. In memory of T-BOP Oct. 12, 1949 - Jan. 19, 2024
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Pillar of the Community
Canada
2495 Posts |
I definitely wouldn't go to any dealer to sell. You ONLY go to a dealer when time is against you, then you have no option but to take a kick in the pants with value. Has anyone, after selling their valuable coins to a dealer in hindsight think it was the best possible decision? If you aren't in a hurry to sell, then spend some time and investigate ebay. It's the best place for the collector to sell.
Edited by doubleeagle59 03/19/2019 5:30 pm
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Moderator
 Canada
10458 Posts |
The best place for a collector to sell - is to another collector. Local coin club collectors is a good suggestion...
"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
867 Posts |
Your father took years to accumulate that collection.....so yes, it may take years to unwind it to achieve the best return for yourself.....
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Pillar of the Community
Canada
2495 Posts |
If you're going the appraisal route, only take the few items that are worth a great deal.
How to separate these?
Simple......you'll get plenty of help here.
Supply pictures (which you have) of everything and we'll tell you which items to have appraised (many items have already been identified as such).
Time is money with appraisers (I should know as I was once a jewellery appraiser) and you don't want a dealer/appraiser charging you for going through your items that have no extra numismatic value beyond melt, or easy to value items (such as Mint products).
Edited by doubleeagle59 03/20/2019 3:22 pm
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Pillar of the Community
Canada
1723 Posts |
Thank you for sharing your fathers collection with us. Absolutely lovely collection. I guarantee every single person here wishes they had their hands on a wonderful collection like that.
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Pillar of the Community
 Canada
5586 Posts |
BaronVanAwesome: I sent you an email about the monthly coin club meeting in Hamilton and it's next Monday. Would you like to go and speak to a couple folks about your coins? Please PM me to let me know. B
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Replies: 55 / Views: 7,701 |