| Author |
Replies: 26 / Views: 3,431 |
Page 2 of 2
|
|
|
|
New Member
 United States
21 Posts |
So if a coin was "appraised"(we paid 120 an hour for him for tax reasons or something) at $5164, which I truly understand is close to insurance value, what would you all feel comfortable paying for it and leave feeling satisfied/happy about it?
|
|
New Member
 United States
21 Posts |
I really want happy collectors. My mom passed away 10 years ago and she was huge into art. All forms, mixed media, painting, clay... you get the picture. It fell upon me to handle her stuff. Now granted I did it multiple garage sale style, it helped my heart to know the person getting whatever it was would love it/use it/appreciate it. I know this sounds like boo-hoo but it really helped me heal. Also not feel so darn guilty about not keeping everything.
|
|
Pillar of the Community
United States
4846 Posts |
It's hard to really answer that for a coin if we dont know what it is, some of us would be happy to pay that entire price because they collect that particular type of coin and desire it, others would have absolutely no interest in it at any price. For me, when I purchase coins that I dont really have a big interest in holding onto, and the coin is graded by a TPG, I would take the wholesale price of a coin, and subtract about 20-25%. This way I can almost always at least breakeven after shipping fees, ebay fees, etc. on a raw coin I would make a general conservative estimate on the grade, and cut the wholesale price by 30% or more, depending on the coin, because there's more risk involved. I myself and I'm sure others are curious as to what consists of the collection, like jaobler said can you take some photos of what might be "highlight" pieces? If there's absolutely no indication of what might be a highlight piece maybe start with the oldest coins, gold coins, or extremely well preserved coins. Also I'm not sure this needs to be said but absolutely DO NOT attempt to clean anything, so many inherited collections get wiped out by uninformed people who decide to clean the collection. If you have truly desirable coins, and you want to get rid of them, your route to get you the most money them for not a whole lot of effort would be to put them on ebay with high quality pictures. Depending on the coin you may want to get it graded because it wont fetch top dollar due to the aforementioned risk.
Edited by Adam_E 12/05/2020 02:38 am
|
|
New Member
 United States
21 Posts |
You really are the best. Thats what I was poking around for. Thank you
|
|
New Member
 United States
21 Posts |
The coin was an American Buffalo 2006 w one ounce gold proof coin. It is in a felt booklet with a book that explains specs. In a blue hard cardboard box.
|
|
New Member
 United States
21 Posts |
The coin is a 2006 w american buffalo one ounce gold proof coin
|
|
New Member
 United States
21 Posts |
also I orderd a camera holder and circle light for picture taking. My hands just do not cut it anymore. It will be here monday
|
|
New Member
 United States
21 Posts |
I can try to take pics but I fear it will look like an earthquake was happening.
|
|
Pillar of the Community
United States
4846 Posts |
A coin like that is actually easy, it's a modern bullion coin and is unfortunately not really a collector's piece. Buffalo's might trade at a small premium over spot, but I wouldnt expect much if any from a dealer. I would expect for you to be offered $1900-$2000 for that coin from a collector, and 1800 or so from a dealer. Companies made a lot of replicas for TV sale, are you absolutely certain its a genuine US mint item and not a copy? Edit: I just looked up ebay sold listings and it seems to be in that ballpark. This can give you a good idea of what your coins will sell for. When it comes to modern coins, expect to get a similar price to the ones that are in PR or MS 69 holders, the 70 holders will trade at a premium because they have been independently certified to not have imperfections( its gimmicky but it is what it is) https://www.ebay.com/sch/i.html?_nk...=1&LH_Sold=1
Edited by Adam_E 12/05/2020 02:51 am
|
|
New Member
 United States
21 Posts |
oh my goodness, I just realized that there are multiple pages to this conversation. sorry for repeating. The honest truth is I have no idea if it is legit. my faith lies i9n the fact that he was no fool. I realize that is not reassuring to true coi9n buffs like yourself. I am going to try pics. how do I get them to you?
|
|
Pillar of the Community
United States
4846 Posts |
Those commercials were extremely convincing, trust me, you dont need to be a fool to get that pulled over on you. The replica coins will have the giant word "COPY" on it somewhere, usually along the braid of the Indian's hair or on the mound below the buffalo, it would be fairly distinct.
Edit: theres a guide somewhere on how to upload photos to this site, its fairly straightforward if a little archaic. I'm signing off for tonight but if someone hasn't linked it I will find it for you tomorrow.
Dont worry about asking questions, were all coin lovers on here and are more than happy to help, we just ask to be compensated in nice high quality photos of coins!
Edited by Adam_E 12/05/2020 03:02 am
|
|
New Member
 United States
21 Posts |
|
|
Bedrock of the Community
United States
17884 Posts |
Quote: (we paid 120 an hour for him for tax reasons or something) at $5164, which I truly understand is close to insurance value, what would you all feel comfortable paying for it and leave feeling satisfied/happy about it? It could depend on what kind of appraisal you got. An appraisal for insurance will often be inflated, the idea being that if you have to make a claim you will actually get MORE than the market value. then there are retail appraisals they give you the retail market value, what you would have to pay a dealer in the market for it, an then there are wholesale appraisals which would be what a dealer would pay YOU for the coin.
|
|
Rest in Peace
United States
18456 Posts |
Adam , in the future you don't need to start a different post for every sentence that you write . I'm actually surprised that the Mods didn't tell you that . 
|
|
Moderator
 United States
34428 Posts |
Quote: I feel like a villain asking or picking brains here. Asking questions is good--education is the primary reason why CCF exists. As noted by @t-bop, hitting reply after each sentence of your reply is def not necessary though. 
"If you climb a good tree, you get a push." -----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed." -----King Adz
|
|
Page 2 of 2
|
Replies: 26 / Views: 3,431 |
Page 2 of 2
|