| Author |
Replies: 37 / Views: 3,571 |
Page 3 of 3
|
|
|
|
Pillar of the Community
 United States
2342 Posts |
Quote: I found a receipt that my friend paid for a couple of rolls of 20 coins at $699 in 2016 Can you tell us who sold your friend the coins? Maybe a bullion dealer? I would also consider Great Collections Auction House as they have a "Uncertified, Raw and Bulk" section and their seller premiums are very reasonable. https://www.greatcollections.comQuote: My friend also left me a bunch of graded silver and gold coins We like pictures! Show us some more and we'll try and give you some more to consider... smat
|
|
Pillar of the Community
United States
2335 Posts |
I'm mostly retired & buy/sell stuff on a part time basis. There's absolutely no way I would consider selling these on ebay. If I can't make a minimum of $15/item it's not worth the time to take pictures, list, pack, ship, & deal with potential customer issues. IMO there's no way these would sell for enough over what I could sell for elsewhere to cover fees & pay for my time. It's been several years since I sold to them but I'd suggest contacting APMEX for a quote. Their buy prices vary depending on quantity. When I sold to them they paid within a couple dollars of their sell price for quantities of $10,000 and over. They are currently selling BU Peace dollars for $34.99. Based on my experience they would pay around $32. The process was fairly simple. They gave me a quote, I shipped registered mail, & they paid what we agreed on once they got there.
Edited by trdhrdr007 02/23/2022 09:52 am
|
|
Pillar of the Community
United States
2335 Posts |
On a side note, I wouldn't hold my breath waiting for $30/ozt silver. It's a possibility.... & so is sub $20/ozt. Not to mention the tax consequences. If you inherited your cost basis is the value when you got them. If the value increases while you hold you will have to pay tax on the increase. Depending on your tax bracket that could make holding less attractive.
|
|
Pillar of the Community
United States
4471 Posts |
[quote]No one has the crystal ball but given the current inflation, I'm leaning toward holding out and hoping to unload it at $4-5 above the spot price when silver crosses $30. Am I being unrealistic?[quote] There is no right or wrong answer on holding onto your coins until silver hits a target price. Silver and gold are both a hedge against inflation. You might want to consider selling off the low end of 200 or 300 circulated coins to get your feet wet on selling coins to dealers, coin shows, ebay, etc.
|
|
New Member
 United States
6 Posts |
@smat45 from what I saw so far, he bought them from various places, likely from ads on TV. I attached the pic from one of the receipt. We put everything in the safe and kept a few with us, just happened to ran across from this small coin stuck in between his paper file. @trdhrdr007, thanks for suggesting the APMEX, looks like it's a happy medium between dealing with coin dealers and ebay buyers. @Slider23 how do you know I have a small bag of 1921 and 1922 circulated coins lol. Thanks for the suggestion.   
|
|
Valued Member
United States
292 Posts |
1921 are going for a huge premium right now. If it was me, I'd hold onto them as a "stack" investment for the future. They are not going to lose value as higher inflation sets in. People invest in silver as a hedge. We don't know what the future holds.
Edited by EDM 02/23/2022 2:46 pm
|
|
Pillar of the Community
United States
4471 Posts |
Quote:My friend also left me a bunch of graded silver and gold coins but I'm so confused by the discrepancies guided values between NGC/PCGS, numismedia, and sold prices on ebay. Am I correct to used all as ballpark price when dealing with coin dealers? I use ebay sold, auction realized prices at Heritage and Great Collections to set value on coins. I use the NGC/PCGS as the retail price. A dealer will want to buy a coin for less than the auction realized price or retail. Your 1859 $3 gold AU50 is a difficult coin to price in the current market as the AU50 grade has not sold at auction in over 3 years. PCGS list the coin at $1400. The $1400 seems reasonable, but the coin could sell for more or less at auction in the current market. If I was going to sell this coin today, I would sell it at Great Collections. Depending on the quality of the coin a CAC submittal for a sticker should be considered.
|
|
New Member
 United States
6 Posts |
@trdhrdr007 APMEX offered 29 and went up to 29.75 for 1000 coin BU so it's about $5 above the spot. They currently have 1922 BU listed at $819/roll of 20, I was hoping for $32. @Slider23 Looks like Great Collection has the lowest fee. Thanks @EDM Morgan Silver looks very rough though so not sure about values. 
|
|
Pillar of the Community
United States
5838 Posts |
Nice stash! I have done businesses with APMEX and not disappointed, if you can hold out for sometime silver may get to your selling point.
|
|
Pillar of the Community
United States
2335 Posts |
Quote:@trdhrdr007 APMEX offered 29 and went up to 29.75 for 1000 coin BU so it's about $5 above the spot. They currently have 1922 BU listed at $819/roll of 20, I was hoping for $32. Interesting. They're selling random date BU Peace dollars for $35.99 (1-19) or $34.99 (500+) paid by check/wire. I sold them lower grade coins (not dollars) several years ago. I'm reasonably certain I got around 95% of their selling price. I would have expected an offer closer to $32. I'm not sure what I'd do with that offer. I would have to look at bulk sales on ebay, subtract fees, & consider if the difference was worth the risk & time involved. The graded coins I'd definitely sell individually.
|
|
Pillar of the Community
United States
3848 Posts |
If you get enough posts, you can list them in the buy/sell section here on the Coin Community! 
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves.
|
|
Pillar of the Community
United States
7637 Posts |
The only dealer I can recommend in the San Diego area is Escondido Coin & Loan on East Grand in downtown Escondido. I did a boat load of business with them before I relocated to Texas. They were always square shooters with me. They have a pretty good, easy to find information filled website if you wanna check them out. They've been around a long time.
|
|
Valued Member
United States
51 Posts |
That's a problem I'd love to have on my hands.
1700 silver coins...
|
|
New Member
 United States
6 Posts |
@Westernsky I called Escondido Coin and the lady offered me $16, I asked her again and she said $16.
I called Carlsbad Village Coin because I saw that someone recommended them in 2005. The guy said if it's BU then it's $30 today but he recommends to sell only part of it (I said I have a lot) since he thinks silver will go up and do not sell in panic.
|
|
Pillar of the Community
United States
3848 Posts |
Looks like Carlsbad Village Coin is a viable option! Goes to show it it wise to call around to look at all of your options. I would personally not put all my chips on silver going up. The silver dollar market is hot right now, and it is a great time to sell. That could change, so take advantage of the moment.
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves.
|
|
Page 3 of 3
|
Replies: 37 / Views: 3,571 |
Page 3 of 3
|