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 Replies: 29 / Views: 2,055 |
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Pillar of the Community
United States
2365 Posts |
LikeMike: What do you think of the options that have been suggested so far? Are you leaning in any particular direction that needs further clarification from our Members? Do you wish to have our creative liquidation minds keep turning for you? Let us know what you're thinking? We're all here to help - truly!
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Pillar of the Community
United States
986 Posts |
Also, where are you located? There may be some forum members near you who can go look at the coins and give you a rough idea of worth.
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Pillar of the Community
United States
590 Posts |
Group some of them together you should be able to get a fair price by putting them on ebay. Edited by Dewayne76
08/06/2006 10:15 pm
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Rest in Peace
United States
2684 Posts |
quote:
Originally posted by Dewayne76
Group some of them together you should be able to get a fair price by putting them on ebay.
I tend to disagree, Dewayne. Collections, especially of two or more valuable coins seldom bring in the worth of the individual coins if sold separately. It happens, but rarely. There's always exceptions, of course, but in this instance, I think selling groups of these coins would be a mistake. Potential buyers tend to separate out the most valuable or key coins and bid up to the value of that coin rather than on the collective value of all coins. Fred |
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New Member
 United States
4 Posts |
Wow! Y'all are very helpful. I could almost get involved in collecting, myself, just because of your friendly interest! I know that my parents bought these coins as an investment. They don't know much about coins. They trusted somebody to sell them something marketable, and I don't think they have lost money to this point (from I see on the Heritage site), but with commissions coming & going, they may not have gained much, either. So, I do want to avoid high commissions, and do a good job for my folks. So, thank you! I have read every one of your posts, and am considering what to do next.
In the group, there are a couple of plastic containers filled with silver dollars. The containers are similar to Tupperware, cloudy clear with a green lid. I wrote down that they said "U.S. Mint" on them. They weren't "sealed," just held shut with tape. I opened one and the coin on top was a 1995 walking Liberty, if I'm not mistaken. I think there are 20 in each container. There is some tarnish on them. Is there anything special about them being in the containers?
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Pillar of the Community
United States
986 Posts |
Those are Silver American Eagles in their own tubes issued by the mint. Nothing too special about them, although you may get a buck or two for the tube. Also, in the numismatic dictionary, there is no "tarnish", only "toning".
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Moderator
 United States
23522 Posts |
Those are ASE's - American Silver Eagle bullion coins. They're worth more than their face value, and some years are worth more than others. However, their price tends to be condition-sensitive - the people who will pay the extra money for them will want to see the ASE's in graded slabs from PCGS or NGC. The cost of getting yous into slabs will likely eat up your profit margin on them. Six of one, half dozen of the other. Now for the punchline. The "tarnish" you accurately described (a chemical reaction to environmental substances which is altering the surface of the coin) is referred to in numismatics as "toning," and there are those who will pay stupid money for toned coins, if they're pretty enough. Here, in a nutshell, is your dilemma: On the one end, coin collecting is populated by a group of dealers who, at best, have to feed their families with what they make from their transactions with folks like you. At worst, there are dealers who will deliberately deceive you about the quality and value of your coins in order to inflate their profit. On the other end are the buyers who are either savvy collectors who want to get the best possible deal on a coin they want, or clueless investors/wannabees who only know what they read in last month's Coin World and wouldn't buy a raw coin if it were a 1933 Double Eagle. You must navigate your way through the middle of all this, to the best possible outcome for your parents, without wasting too much time. I wholeheartedly recommend that you start by publishing a list here and eliciting our comments. We are, by and large, good people and there are some real experts here, but we are not all in this together and you may rest assured that you will hear differences of opinion regarding value. That is what you want, because the coins we cannot decide on are the ones worth the extra work on your part. |
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Bedrock of the Community
United States
14454 Posts |
I must put my 2 cents in here, if your family has any morgans then you could also have a few VAM's that could be worth a small fortune in MS-62 condition but that is a whole different ballgame and it would take someone that really studies morgans alot to be able to help you with that part and may take more time than you want to put into the sale but if you had the time could also bring the most profit. There are many VAM experts on this forum and most can verify different varieties with just good clear pictures of the obverse and reverse of the coin. but like I said this is a whole other ball game and could take some time to do but couyld also bring the biggest reward, if your family has bought coins years back when VAM's werent well known then you could have some real treasures there. I am in no way trying to sway you either way, iot is just everytime I hear of a small hoard of morgans the VAM's always cross my mind. I guess that is just because I am just a VAM collector myself and that seems to be what consumes my collecting interest |
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Pillar of the Community
United States
986 Posts |
Can you get a list of all the coins you've got? That may help us see if any of them are potentially extremely valuable.
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Forum Mom
United States
5877 Posts |
I can understand wanting to avoid the commission attached to consigning them. Why don't you post pictures and ask questions so that we can help you know what you have until you get to 50 posts and then you can put them up for sale here on the forum. That way, there are no fees or commissions and you will have a good idea who you're selling to since you would have already spent some time with us.  |
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Rest in Peace
United States
2684 Posts |
Susan beat me to it, but selling to members of the forum will probably get you about as good and honest a deal as anyplace or anyone else and will maximize your return on the coins without having to deal with an unknown or unfamiliar vendor.
Fred
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New Member
United States
4 Posts |
What about this? They have two of these: a Silver Eagle dollar in a box, in something like a velvet-covered jewelry case, like a bracelet might come in, with a little brochure/flyer. The box says, "One Ounce Proof Silver Bullion Coin." They're 1987 S.
Then there are several $20 gold Liberty coins:
(1) 1895
(1) 1896
(1) 1898-S
(1) 1900
(16) 1904
(1) 1904-S
(1) 1907.
These are all in PCGS/Numismatic Guarantee Corporation of America cases labeled "MS62."
These, plus about 50 Silver Eagles in tubes, are the whole bunch.
Since I've read in other Coin Community forums and looked at auction sale prices on the Heritage site, I'm thinking this is pretty boring to y'all. Nothing rare here, apparently. It's all just "bullion," right?
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Rest in Peace
United States
2884 Posts |
Not quite true. The $20.00 Libs are all worth more than "melt". They all have collector value. The fact that they are slabbed helps as well. The Silver ASE'S may have more than bullion value depending on the date. They command a small premium over melt as well. Contact the forum "Mom" Susan. She should be able to help you out. She has done wonders handling sales for me over the last 18 months! Mike |
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Valued Member
United States
218 Posts |
quote:
Originally posted by LikeMike
What about this? They have two of these: a Silver Eagle dollar in a box, in something like a velvet-covered jewelry case, like a bracelet might come in, with a little brochure/flyer. The box says, "One Ounce Proof Silver Bullion Coin." They're 1987 S.
Then there are several $20 gold Liberty coins:
(1) 1895
(1) 1896
(1) 1898-S
(1) 1900
(16) 1904
(1) 1904-S
(1) 1907.
These are all in PCGS/Numismatic Guarantee Corporation of America cases labeled "MS62."
These, plus about 50 Silver Eagles in tubes, are the whole bunch.
Since I've read in other Coin Community forums and looked at auction sale prices on the Heritage site, I'm thinking this is pretty boring to y'all. Nothing rare here, apparently. It's all just "bullion," right?
The coin in the box is the same type of coin as in the tubes but the difference is the strike quality. Not to get into detail about mint processes, the proof has a reflective field(the background of a coin) and a uncirculated coin has a softer finish. For an 87 proof silver eagle you are looking at about $35 +/- retail. As for the MS62 double eagles, they are all about equal in price around $800-1000 depending on eye appeal, etc.(if you believe the PCGS price guide). More than likely they are about 600-700 range. BTW, this is not boring to us in the least. The $20 gold pieces are NOT bullion. Edited by Ferret Lord
08/08/2006 01:38 am
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Bedrock of the Community
United States
14454 Posts |
in the greysheet the $20.00 Liberty lists as in MS62
LIB Type I-bid=4,300 ask=4,650
LIB type II-bid=2,700 ask=2,925
LIB Type III-bid=720.00 ask=740.00
I know nothing about the series but I am guessing yours are probably the Type III by the information given above. I want to add, the greysheet is a dealer to dealer price range not retail so price may vary on the retail market but this will give you an idea of a range you should expect if taken to a dealer. Most will not pay ask but some will pay close to bid
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Replies: 29 / Views: 2,055 |
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Posted 08/06/2006 7:06 pm
