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Replies: 26 / Views: 3,411 |
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New Member
 United States
17 Posts |
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Pillar of the Community
United States
8518 Posts |
That 42 Philly is a good looking coin ! ( I just enlarged the pic and it looks like there might be a mint mark but I can't tell for sure. )
Oregon coin geek.....*** GO BEAVS ! ! ! ***
Edited by 52Raymo 06/22/2012 8:04 pm
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Bedrock of the Community
Australia
21788 Posts |
You will certainly get less money 'dumping' them, than if you take some effort selling them in small lots over a period of time, to selected buyers who may be interested in various parts of the accumulation only.
I note that you have 'accumulated' these pieces, I guess over a period of time with several purchases. Perhaps that is the way to sell them for maximum profit, with several sales.
There are big differences between enthusiastic and lazy sellers. Numismatic re sellers rely on this to make a profit. That is one way coin businesses make an income.
A good investor will dollar cost average his way into a position, and dollar profit average his way out of a position.
You have done the first bit.
Edited by sel_69l 06/22/2012 8:23 pm
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New Member
 United States
17 Posts |
I mistakenly paid $27/ea for the morgans which isn't terrible but I was looking to resell for profit. The kennedy's I paid spot which was too much but on the rest I paid around.40cent/gram planning to double up. like I said I bought each coin individually or 3 or 4 at a time, from the public and they have not been searched. Plus my ebay account is limited to only 10 separate transactions or $300 / month, whichever comes first. ebay says its because its a new account and I listed too much too fast. I h82ebay, and jump through their hoops and pay their fee's. After all the ebay fee's I have paid already, they should send me flowers. I have this really cool Mickey Mouse 1oz .999 silver round. In a nice little felt box and all, I dont want to sell it for scrap. but one day I might end up with a shop full of coins and Mikey mouse items I really like, and no cash in the bank. ebay has a monopoly, your almost guaranteed to sell for good price's. Craigslist and the flea market not so much, unless you want to sell for dirt cheap or sit on them forever.
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Valued Member
United States
238 Posts |
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Pillar of the Community
United States
1227 Posts |
く_く I kinda want those Franklin halves . . . . I agree with everyone else here--to get your money back, sell them as coins. Learn up on what you've got so you can give buyers interesting selling points. A couple of things you should know first: 1) NEVER CLEAN A COIN!! There are extremely rare cases where that advice doesn't apply--none of your coins are one of those cases. If you do this you will destroy all value above spot. 2) Learn your mintmarks. Good example: I own a 1914 Lincoln Penny. It's worth about two bucks. If it was a 1914-D, however, I could quit my job. I don't know that your mintmarks are worth anything in particular (except, as others have mentioned, that Walking Liberty) because I can't afford any silver I don't find in my cash register drawer, but as that example should show you--sometimes a mintmark makes all the difference. 3) Take pictures and let folks here have a gander. You don't need expensive equipment. I have a "coin photography lab" I made for $5: --one empty, CLEAN (I used the dishwasher, then rubbing alcohol, then distilled water, then let it air dry) drinking-glass-style candle container --one sheet of copy paper --scotch tape --GIMP photo-editing software --the point-and-shoot camera I already own (you'll need one with macro capability for this to work) Fold the paper so it fits in a single ply around the inside rim of the cup, leaving the clear bottom of the cup clear/blank/empty. Cut a small square from your surplus paper and lay it off-center in the cup. When you are ready to photograph, place the coin in the cup (if your hand will not fit, get a pair of soft tongs--I use my mom's sterilized plastic cocktail tongs from the kitchen for stuff that's Peace dollar-sized) and the cup on an evenly-lighted surface. The coin does not need to be on the paper--in fact, I prefer it off. Turn your camera on to its macro settings. Lay the camera down, pointing into the cup, and snap your photos. Put them into GIMP and use the colour-correction tool "Levels." This gives you the option to choose "black," "gray," or "white" areas of the picture to use as a true colour-correction. Choose "white" and use that little square of paper in the cup as your white area (see how this works?  ). This should give you a true, neutral-light portrait of the coin. Then just crop your pictures down to show only the coin, save, and post. The folks here can totally tell you if what you have is worth something, nothing, or everything. Good luck!
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Pillar of the Community
United States
2661 Posts |
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Pillar of the Community
614 Posts |
Do you possibly have any coins from 1900-1920? If so, I want those 
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New Member
 United States
17 Posts |
I sold the coins this morning for $900. Now I am heart broken that the coins are no longer mine. I was very nervous to meet a stranger and do a $900 deal(even tho we met in my shop). I was happy to see he was a very nice guy, a business owner. He must be hoarding silver coins because I sold him almost 1k worth and he wants more more more!Now I have his card and I will deal with him in the future. I was really nervous, I thought that I might be posting a picture of a police report and a  I am happy to have the cash and I can put the money into scrap gold Jewelry. I am trying to live and learn, I am 22 now by the time I am 30 maybe I will be a coin expert, not so much of a sucker. 
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Bedrock of the Community
Australia
21788 Posts |
It seems already that some of us are interested in particular parts only of that accumulation!
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Pillar of the Community
United States
3184 Posts |
What do you mean amateur pawn broker? Are you one of those guys like on craigslist that offer to buy peoples stuff for really cheap prices?
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Pillar of the Community
United States
1116 Posts |
Quote: GoldenRing89
I am happy to have the cash and I can put the money into scrap gold Jewelry. I am trying to live and learn, I am 22 now by the time I am 30 maybe I will be a coin expert, not so much of a sucker. While I admittedly don't know the value and interest in scrap gold jewelry it does sound like you have a plan of action. Most of here didn't start out as experts but we did learn through trial and error. I would suggest that you get a copy of the current Red Book and look through it for the coins that you like. I wouldn't completely abandon the accumulation of silver coins. Try and look through your daily change you never know what is running though them. From time to time all of here have come accross silver coins or have an album or two of those same coins and they don't cost us a red cent. An inexpensive coin album would help keep them in order for you so you would know what you have. Even though you are young, now is the time to learn. Even if you get away from numismatics (like I did) you will always have some sort of knowledge to build on. Keep looking now is the time to put together an album or albums of what you like from the circulating coins. A 2012 penny could be in better shape than something you would find in 40 or 50 years. You never know, but I would sooner go for todays silver than the penny. Good luck to you. Stay on the forum and you'll get a free education that you'd have to pay for elsewhere.
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Pillar of the Community
United States
1348 Posts |
If your a pawn shop guy you should be paying $27 for common morgans. Pawn shops here offer $15. Thats extremely low but if your paying 90% of spot for morgans and Peace dollars your doing fine. 80% for other 90% silver is also where you should be at. Don't ever offer it to a smelter. Get 250 posts on here and then sell them under the auctions page. I know many here would easily pay 98% of spot, and they would go into a collection not destroyed.
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Valued Member
United States
366 Posts |
I find that you can sell these coins for well above melt on ebay. Even common not so good looking examples. People on ebay buy at a huge premium.
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Pillar of the Community
United States
1211 Posts |
-You say you are a pawn broker and you obviously are dealing in coins/PMs... -You took the time to look up what your PM buyer would pay and what you could get for them on CL. -You took the time to post them on a coin forum. What I dont understand is, why didnt you just buy a reference book/price guide? Why didnt you look them up on ebay? All I am saying is, if you are planning on continuing to deal in coins, you could probably benefit from doing some market research and investing in some referebce books before continuing.
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Replies: 26 / Views: 3,411 |
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