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Getting Coins At Deep Discounts

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 22 / Views: 3,749Next Topic Page 2 of 2
Pillar of the Community
Australia
1040 Posts
 Posted 11/07/2009  03:41 am  Show Profile   Bookmark this reply Add latman100 to your friends list
Yes, I am keeping everything I get in change and am looking long, say, 200 years and I should be sitting on a gold mine, all for face!

Valued Member
United States
436 Posts
 Posted 11/07/2009  09:00 am  Show Profile   Bookmark this reply Add hippiebrian to your friends list
Honestly, the best deals I've gotten are either from antique stores or the auctions at my local club meetings.
Moderator
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Australia
16804 Posts
 Posted 11/07/2009  10:22 am  Show Profile   Bookmark this reply Add Sap to your friends list

Quote:
...or the auctions at my local club meetings.

I can second that. At my coin club's auction on Friday last, there were plenty of bargains to be had, including silver for melt or less. Some of the bargains there were duplicates of my own I was selling. Not so good for me, perhaps, but great for my fellow members.

Apart from that, the best "deeply discounted" coins I've found are in bulk lots, especially ones that haven't been sifted through too carefully. I've bought silver crown-sized coins for only a few cents, if you consider the average price per coin in a bulk lot to be the price paid.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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United States
23522 Posts
 Posted 11/07/2009  10:55 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
I like how this thread has morphed. Well done, SeatedNut.
Valued Member
United States
442 Posts
 Posted 11/07/2009  6:15 pm  Show Profile   Bookmark this reply Add clembo to your friends list
I guess it all depends on one's definition of a "deep discount". I have scored a few decent times on ebay in the past but rarely even beid anymore.

The majority of my "deals" now come at work. I see what walks in, usually know how much the boss paid for it and if I have to do a lot of research/sorting he tends to give me some pretty good prices. Free on occasion for smaller stuff.

Tougher coins I get less of a deal. I'm happy with Greysheet bid on a tough coin that I want. Lesser stuff I can sometimes get at well under bid.

I've also found that if he's in a good mood and I inquire about a coin or coins toward the end of the day I get better prices USUALLY.
Pillar of the Community
United States
1304 Posts
 Posted 11/09/2009  03:04 am  Show Profile   Bookmark this reply Add busthalf to your friends list
I have found that good deals can be found at farm auctions. It seems if the bill says they have some coins most pepal show up for the equipment and realestate.
Valued Member
United States
429 Posts
 Posted 11/13/2009  01:05 am  Show Profile   Bookmark this reply Add penny pincher to your friends list
I think that most places have them it just how much time do you want to spend finding them.

A few years ago I use to be able to search through the wheat's that came into the local shop and pay $.03 a piece for them. This was great because 1. when they are sorted they go for $.10-.25 and 2. any coin older than 1934 is worth it for me. The best part is to find a semi key date, if I could get them all for $.03 I would be very happy.
Pillar of the Community
United States
2797 Posts
 Posted 11/13/2009  09:25 am  Show Profile   Bookmark this reply Add SeatedNut to your friends list
I have made some decent scores on ebay. These were primarily Morgan dollar VAMs that were unattributed. Here's a partial list:

- 1878 8TF VAM 9 (first Morgan) - total of three. One went to PCGS and came back XF40, one is AU50 raw and the last probably VF Raw. The XF40 sold for $700 and I still have the other two. I paid about $150 for all three. Book value for the other two is around $1200.
- 1878 7/8TF VAM 32 in XF raw, paid $35 and book is $300
- 1878 7TF VAM 116A in AU raw, paid $30 and BV is $375
- 1878 7TF VAM 118 in XF raw, paid around $20 and BV is $300
- 1878 7TF VAM 167 in XF raw, paid $25 BV $325
- 1878 7TF VAM 187 in XF raw, paid $20 BV $125
- 1878 7TF VAM 203A in XF raw, paid $30 BV $270
- 1878 7TF VAM 224 in MS63 raw, paid $75 BV $400
- 1878 7TF VAM 228B in XF raw, paid $35 BV $250
- 1878-S VAM 17A in MS62 raw, paid $40 BV $150
- 1878-S VAM 19A in MS63 raw, paid $50 BV $180
- 1878-S VAM 36A in PCGS64, paid $75 BV $370
- 1878-S VAM 36B in MS61 raw, paid $45 BV $300
- 1878-S VAM 50 in XF raw, paid $22 BV $225
- 1878-S Long Nocks (VAMs 26, 27(x2), 56, 58, and 59) paid a combined $250 for these and estimate value is around $2300
- 1880 VAM 6 (one AU, two XF) paid $100 BV $600
- 1880 VAM 39A PCGS AU53, paid $50 BV $1200
- 1880-O VAM 49, one MS62 raw, two AU raw, paid $175 for all BV $5000
- 1891-O VAM 3A2, two raw VF, paid $50 BV $1000
- 1900-O VAM 29A, two raw VF paid $45 BV $500

As you all know, Book Value and realized price can be miles apart. I have been waiting to submit these to PCGS until they started attributing the HitList 40 VAMs. If they grade near my estimate, I will be immensely happy.

I also hit a coin auction last year and picked up some nice pieces relatively cheap:
- 1980-D LMC struck on clad dime planchet PCGS MS63, paid $8 BV around $300
- Also picked up a couple of nice varities 1838-O dime with rpm and die crack and a 1913 T2 Buffalo with rim Cud. All less than $15.




Pillar of the Community
United States
2540 Posts
 Posted 11/17/2009  07:08 am  Show Profile   Bookmark this reply Add TreasHunt to your friends list
seatednut:
You made some great deals there!

Nice.
New Member
United States
2 Posts
 Posted 11/18/2009  8:11 pm  Show Profile   Bookmark this reply Add KansasCityKing1962 to your friends list
I feel I got this one at a deep discount bought it for $700.00 I believe it is AU58...
1872 Two Cent Piece.
Very rare. Key date of the Two Cent Piece series

Getting-Coins-At-Deep-Discounts
Pillar of the Community
United States
8904 Posts
 Posted 11/24/2009  11:50 pm  Show Profile   Bookmark this reply Add Moe145 to your friends list
[eBayItem]170411156761[/eBayItem]

Is this yours?
Edited by Moe145
11/25/2009 12:00 am
Pillar of the Community
United States
2540 Posts
 Posted 11/25/2009  07:51 am  Show Profile   Bookmark this reply Add TreasHunt to your friends list
KansasCity:
NICE!
Pillar of the Community
United States
869 Posts
 Posted 11/27/2009  8:06 pm  Show Profile   Bookmark this reply Add coindexter to your friends list
"Is this yours"
Yes,It is the same coin just with the background painted. I dont understand?It's still up for bid on e-bay.
Pillar of the Community
United States
2335 Posts
 Posted 11/28/2009  12:41 pm  Show Profile   Bookmark this reply Add trdhrdr007 to your friends list
I'm cheap, so most of my coins were bought at a deep discount, here's a few:

Stone Mountain Half...EF-AU....$15
1886 V nickel....G.....$25
1857 Flying Eagle Cent(Snow 16)...ef...$38
$5 face value colorized quarters in an album.....$1

Bought as an auction lot for $116 total:
2001 Capitol Visitors Center Set(includes 1/4 oz. gold coin)
2- 2000 State Quarters proof sets
2000 proof set
2000 mint set
Edited by trdhrdr007
11/28/2009 12:45 pm
Pillar of the Community
United States
6381 Posts
 Posted 11/28/2009  1:19 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list

Quote:
Yes,It is the same coin just with the background painted. I dont understand?It's still up for bid on e-bay.

Perhaps Kansas City is now hoping to sell high after having bought low. Assuming the 1872 two-center doesn't have any impairment from cleaning or other surface alteration (which won't necessarily be visible in the photos) his $700 purchase price seems like a very good deal. The current ebay bid is at $900 with 2 days to go, so the original purchase does appear to qualify as a "deep discount"!
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