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 Replies: 17 / Views: 1,793 |
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Pillar of the Community
United States
7123 Posts |
Hi Catman
Of course donating them to an organization or event would be a good thing to do!! I will just let you know what I do with some of my coins that I do not add to my collection, I have put together several shadow boxes with various coins in each type written decriptions below each and have given them to the local elementary school as wall displays for the History class room, they are attractive and let the kids see what the coins that they will never see in circulation looked like.
These have been a very easy way to expose kids to coins and coin collecting as well as a bit of numismatic history that they may not otherwise receive.
Rick
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Pillar of the Community
United States
2724 Posts |
While I appreciate the CoinFest nod, my suggestion has always been to put "unwanted" coins into 2x2 cardboard holders with a coinclub or other label and use it for a tip or gift at the local bank. I have been passing out coins to promote the CoinFest event. Bank tellers love them as much as the kids  |
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Pillar of the Community
United States
4870 Posts |
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Rest in Peace
 United States
954 Posts |
Thanks all for the input. I will give it some thought and let you know what I decide to do. Thanks again.
catman
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Pillar of the Community
United States
867 Posts |
You could always drop a few of them in your change you bring to the bank to be counted and see if any of the tellers are observant! Rachel [:p] |
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Valued Member
United States
458 Posts |
To throw them away no matter how bad they are is wrong (IMHO), I do say however my friend, if you don't want them--put 'em back into circulation---let sumbody else write on some forum somewhere what "interesting find from circulation" item they found in circulation today, was a coin YOU put out yesterday--  --Just a thought, after all it is still money no?  Edited by CiScO
05/05/2005 6:08 pm
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Pillar of the Community
United States
2271 Posts |
Nice cull indians will sell for up to 50c each and even typical culls will go for 25c. Bad culls with holes, bends, no-date and the like will go for as little as a nickel.
Many of the best culls can be rehabilitated and will sell for $1.
It really doesn't do any good to toss out coins because they just keep coming anyway. Eventually someone who deals in the low end coins will end up with them.
At the lowest end are unidentifiable old coins or extremely common coins with massive problems. Bronzes of this sort often end up in sculptures and the precious metal coins are recycled. Others do end up in the garbage.
Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
2724 Posts |
quote:
Originally posted by cladking
Nice cull indians will sell for up to 50c each and even typical culls will go for 25c.
You must have one heck of a market in your area to be getting 50 cents. |
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Pillar of the Community
United States
2271 Posts |
quote:
Originally posted by national dealer
quote:
Originally posted by cladking
Nice cull indians will sell for up to 50c each and even typical culls will go for 25c.
You must have one heck of a market in your area to be getting 50 cents.
The best buyers do some national advertising and one is very aggressive. If anyone's interested I'll try to dig up the address. The low end market is a niche market with only half a dozen major players but some bigger companies do dabble in it. A lot of these coins go in for "repair". In many cases the problem with a coin is insignificant and can be corrected with a proper cleaning or just allowing the coin to "age" a little. There are buyers of damaged coins for jewelry and other purposes and a lot will end up in these uses. A big gouge on the reverse of an indian that is made into a button won't even be noticeable. Many culls and cleaned coins can be picked up very cheaply and value added with little effort. Indian cents have at least six distinct categories of culls, and can be further divided by date, grade, and severity of problems. Time don't fly, it bounds and leaps.
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Valued Member
United States
421 Posts |
I would agree that givign them to a youngster, spending them or leaving them as part of a tip would be a cool thing to do. No way could I throw them away.  Edited by Stujoe
05/06/2005 3:38 pm
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Pillar of the Community
United States
2724 Posts |
Cladking,
Please do. The dealers that I work with on a regular basis sell full rim Indians at 40 cents. So flipping them in good quantities is worth the effort.
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Pillar of the Community
United States
2271 Posts |
I used to be pretty familiar with these markets but have been out for years and years. Covina Coin(204 S Citrus Ave, Covina, CA 91723)pays $1 each for nice good coins. If it's a mixture of F, VG, and G with very few AG's as they typically are then they'll pay this price even if there are a few off coins but you have to leave the better stuff in. Do pull out the culls. Littleton pays $1.10 (or did recently) but they want no problem coins and nothing under a nice solid G. Anything with dings, discoloration, below G, cleaned, or unattractive will be returned.
Let me get back to you on the cull buyer. They're in one of the Carolinas and their name escapes me right now.
Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
2724 Posts |
I deal with Littleton frequently. Their guidelines for FULL good is tough. Covina Coin is also one that I am familiar with. Full good coins bid at $1.25 for the more common late dates. Cull coins are always the hardest to get rid of. Most of the dealers that I know that deal in the lower end material buy at 30 cents and sell at 40 cents for coins that don't meet with full good. I very rarely buy any coins that fall into the lower grades (except for forum members) but would love to flip a few thousand coins at a Twenty Cent profit per coin. Edited by national dealer
05/06/2005 8:30 pm
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Pillar of the Community
United States
2271 Posts |
Thirty or forty cents is about as well as you'll do for straight culls so far as I know. If you separate culls into the best to the worst then you can get 50c each for the best but these will account for only about a quarter or a little more of the typical batch of culls. You can get more total price by separating these and finding the highest buyer for each category but it can be a lot more work.
Time don't fly, it bounds and leaps.
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Rest in Peace
United States
954 Posts |
It seems to me that the work involved in trying to sell these aren't really worth the time and effort. My main concern was that these will again show up in rolls that people are trying to buy.
catman
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First Page
Posted 05/04/2005 1:15 pm
