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 Replies: 22 / Views: 5,079 |
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Valued Member
United States
52 Posts |
Welcome, I am new here too and found the sticky on selling inherited coins under the new members introduction section to be helpful. Maybe I can paste it here: http://goccf.com/t/167629A bunch of old inherited coins is an interesting thing. I too have inherited coins. I've avoided doing anything with them for years. Now I am slowly gaining the knowledge through this forum, books, and other reading to assess what I have. Eventually I will sell what I don't want with the objective of transforming the accumulation into a collection. Leaving things better than I found them so to speak. It's another way I can remember and honor dad and build on what he started. Best of luck. Windmiller Edited by Windmiller
09/27/2022 11:03 pm
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Valued Member
United States
174 Posts |
I would suggest taking to 2-3 dealers, tell them you will be taking to 2 others and will be selling for highest offer. That keeps everyone as close to honest as possible.
I dread the day my kids have to do this, I am starting to thin out my stuff and move into gold/bullion, which will be less confusing when they try to sell.
Good luck and what a great gift dad left you!
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Valued Member
276 Posts |
Well. I just feel horrible inside when I think about my mom, who sold my departed dads coins to a dealer in one fellswoop. He would get the proof silverdollars from the mint. He had 1990 to about 2005. He did not know about grading companies, and that, if he had graded his best ones, and had an MS 70, then it would have significantly increased the value. I wonder If the dealer paid good for them? I never ask what she got for the raw proofs. But do get yourself a 2nd and third opinions, if I were you, and learn about grading. Just my humble opinion. Oh, and learn to identify errors, .
Edited by 279773
11/30/2022 10:43 pm
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Valued Member
United States
52 Posts |
ebay will quickly show you what junk silver coins are selling for. You can also sell silver on the Reddit forum r/pmsforsale. I see junk silver coins selling for around 20X face value. For example two 90% Kennedy Halfs for $20. Spend some time looking at completed sales. It's fine to sell for a discount for a quick sale, but it's better to do that knowingly.
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Valued Member
United States
345 Posts |
I've had scenarios similar to yours, come across my to desk and was happy help ... education, general condition and even appraisals. Ask around, maybe even some of your Dads friends are collectors, find someone in your circle that can help. Good Luck !
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Valued Member
United States
125 Posts |
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Valued Member
United States
345 Posts |
Find a reputable dealer / coin collector / coin club etc. Have the entire collection appraised, then sell it as a whole package (my opinion).
If you need the $ for bills, time must be important. While you may not recognize the "best" return, as it relates to retail value, you will get your cash and save a tremendous amount of time and effort. In fact, that may be your only option as you are not the collector, so I'll assume limited knowledge. The task of identifying, listing, valuing, describing, photographing, selling, collecting and shipping will be a daunting task ... Time vs. Value.
Best of luck !
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Replies: 22 / Views: 5,079 |
First Page
Posted 09/29/2022 3:33 pm
