Coin Collection Getting To Big

Depending on where you live and your relationship with you LCS, You may be able to trade. I have a shop here in Waterford, Mi and have had many people come in wanting to trade their bulk silver for higher end gold pieces. I don't mind trading, in fact I like when they come in.

Remember, TIME IS MONEY. So unloading one coin is alot faster then unloading rolls of individual coins. All depends on exactly what you want to achieve. A high value numismatic gold coin or a gold coin around spot to simply minimize coin amounts.


Anyways, My best advice I can give you is that I would think hard on what you want to do before you do. I tend to make impulse decisions that sometimes can't be undone. SO before you replace years of coin collecting with a single coin, Make sure its exactly what you want to do.
If or when you decide to sell of your silver, Keep me in mind and maybe we can strike a deal.
GOOD LUCK!
Matt

@Copperpennyconnection:

I'm surprised that you say that you actually like people who trade low-end stuff for higher-end coins. My local dealer (Nice guy, been buying/selling for years with him) will turn away people who look to trade in a lot of junk silver, or low-end numismatic coins in for high-end coins (Especially Gold), he's fine with bullion as that's easy to clear out for a solid $2-$3 profit per coin. I've been trying to clear out the hoards of Junk Silver I've bought over the years and noone seems to want it. As you said, TIME is MONEY, so it doesn't make sense for a dealer to spend many weeks or months clearing out $100 of scrap silver when they can instead sell one double eagle.

I'm probably going to dump about 20% not the whole collection and I think at this point I've decided to get a AU certified three dollar gold peice. I like to check my values monthly. I think my end game is to sell all of it off at 60 and buy a retirement home in 25 years

To answer your original question, YES. It sure was nice a long time ago when I could go go a coin show or coin store and see coins for sale for a decent price. Today, probably half are in slabs and we are expected to help pay for that. At coin shows tables are full of books on coins. Almost a book per coin it would appear. Some appear to be just a pile of info taken from other books. Sure liked the so called good old days when I was one of the very few that collected coins.

Saw on APMEX that they were having a special, free shipping with all pre-33 gold. They had a dozen or so $3 Princess coins there ranging from VF to MS64 / $800 to $4900.

Hard to believe but they had one with a mintage of 1500 for $1495. It was NGC AU Cleaned but still. Lower cost than mintage for a rare coin is hard to believe.

See, I don't mind breaking it up and selling piece by piece. You make more, and while it takes longer, it still sells. Plus I have several customers who are the doomsday type who only want 90% and buy hundreds of dollars in face at a time. So sells rather quickly that way too. My goal in my shop is to be as trustworthy and as fair as I can be. Some of my biggest purchases have been from recommendations of "the small guy" that I treated fairly.

Also, One more reason would be peoples lack of knowledge for key dates and varieties. Errors and varieties are my thing, So I enjoy finding them in the 90% junk.

As a dealer I want to make a quick comment on "time is money". Yes; "Time is Money"; so is silver. I'm in the Coin Business. ANY customer that comes in to sell gets my undivided attention. Whether it is one coin; a lot of Junk Silver; or an entire collection. A good dealer is there to buy that collection. Not get mad because you took time away from facebook. While we do have time when we see lots of customers at the same time. Mostly we have a couple of dead hours here and there; punctuated by spasms of activity.

Bottom line, if a dealer is rude or complains that 'time is money', move on to the next guy. Trust me, the rude guy is probably going to low ball you. And if you have a decent collection to sell; shop around and get a couple of offers.

Around here, buy prices for common silver are; .90 cents/dime, $2.25/quarter,$4.50/halves, and $16 for silver dollars. Prices in your area could be different. But these are solid bullion prices. Check the internet and remember that silver is in a downtrend and we have seen some decent drops lately.

Oh, and this is not a solicitation. I don't do business on this forum. This is where I come to get away from the stress of business and have fun!