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 Replies: 21 / Views: 4,063 |
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New Member
United States
5 Posts |
I just spent the past few weeks buying from auction sites and ebay. My wife is upset and I agree. We just found out we are approved to buy a house and I think I should get rid of the stuff I've been buying. I've spent about $650.00 and am wondering if I should just hang on to this stuff and maybe it will be an investment, or should I try and auction it off to get some of my money back.          18? $2 Obsolete Rhode Island BofA note UNC RARE WW2 GERMAN COIN OMAHA BEACH 10 gram .999 Gold clad buffalo bison bullion bar coin 2010 NATIONAL PARK QUARTERS UNCIRCULATED P&D (10 COINS) 1983 S Kennedy half dollar GEM PROOF No Reserve 2010 24k .999 PURE GOLD 1 TROY OZ BUFFALO 100 Mill BAR/COIN 1853-P Arrows & Rays Liberty Seated half dollar Nice Coin 1889-P Morgan silver dollar Uncirculated 1972 P&D Kennedy half dollars (Proof-Like) UNC 2 coins 1 GRAM .999 PURE SILVER "ACE OF SPADES" FINE SILVER, BU 1963 Five Dollar Red Seal Grades AU 2007 S Roosevelt dime PROOF CLAD US COIN DEEP CAMEO 1906-P Indian Head penny "A Very Good Coin (VG-8?) " FULL RIMS 1906-P Liberty V nickel An About Good Coin AG-3? 1936-P Buffalo nickel "A Good Coin" (G-4?) 1882 S Morgan silver dollar CH UNCIRCULATED GEM #154 (MS66) 1935-P Buffalo nickel "A Good Coin" (G-4) 2000 S VIRGINIA State Quarter - PF 69 - NGC Uncirculated 1958-P Franklin half dollar 50c PF66 NGC 174495-009 PROOF 1925 Peace Silver Dollar Circulated 1976 Mexico Cinco peso 1943 Canadian Cent 1986 Liberty Ellis Island Half Dollar (PROOF) "Immigrant Back" 2010 cent BU 2000-S Nickel Deep Cameo Proof |
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Valued Member
United States
184 Posts |
some good looking coins. I'd do whatever your wife makes you do HAHA. My girlfriend has gotten mad at me for buying so many coins. I've slowly done the process of trying to get my money back but sometimes it is hard to get exactly what you paid for the coin unless you got it at an amazing price. But some of the coins I love and going to keep.
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Pillar of the Community
United States
1391 Posts |
"My wife is upset and I agree."
Wait, why is your wife upset? Because you bought coins? You agree with her that you shouldn't have bought the coins? I'd wait a little while before I tried to sell it. Unless you got a great deal it will be hard to get it back. Private buyer is the best shot because a coin shop will give you a percentage.
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Pillar of the Community
United States
619 Posts |
I've started spending a lot of money, too. My wife doesn't it mind that much, though. However, I haven't spent half as much as you have. I've been roll hunting, too, so a lot of my coins are almost free. That's always an option. I would hold on to the silver for a while; it's only going up. The other stuff, like those gold plated bars, you should sell first. Like the others said, put them on ebay or Craigslist, because a coin shop or pawn shop won't give you squat. |
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Pillar of the Community
United States
3345 Posts |
First off, I am just getting things straight. PLEASE correct me if I am wrong, but I see some errors here. Unless you bought these purely for enjoyment, some of it may not have been worth it. First off, the 1972 P D halves are simply unc, not proof. They look like they came out of a bank roll. The park quarters are not to valuable over face, you can get them in rolls too. The gram of silver is such a small amount of the metal that the premium is going to be high and most likely not worth it. The seated lib half is in VG I think, so about $35-$40 in value. If you're as knew as you say you are, I would very much like to know how much you paid for the rest of the stuff. The Peace dollar looks circulated enough to be worth melt w/ small premium. The buff and Liberty nickels are worth a buck or two each depending on condition, they are nothing special. The Franklin half is worth about $50 give or take. The 1889 morgan is worth $35-$40 and the slabbed one is worth the most, maybe $150? Again, I'm trying to help. I'm not an expert on Morgans so could someone correct me on the value if I am wrong please? Hope it helps, by the way-  to the community. |
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Moderator
 United States
6563 Posts |
Did you get this from one seller or from all over? $650 for everything seems extremely high. We'll have to get you some realistic values for these guys as best we can. Throwing them back on ebay is an option and you might want to do multiple auctions to the the most out of it. You could always do Craigslist as well. Local and it's cash |
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Rest in Peace
United States
1729 Posts |
The Mexican cinco pesos piece is worth less than a buck, probably closer to a quarter like most non-silver devalued Mexican coins.
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Pillar of the Community
United States
1081 Posts |
I would probably keep what I had and stop buying for a while. I've found roll hunting is fun and you can find some cool coins if you know what to look for, plus it's nearly free. I'm not sure how experienced you are at pricing and such, but one piece of advice is to never buy those gold plated bars again. IMO, they are just a waste of money with no real gold content to speak of. (there may be a few bucks of gold, that's it. On a side note, I've never really determined what a "mil" is. Some say it's a measure of thickness, others, weight) They are not silver plated gold, most likely copper plated gold. You do have the start to a nice collection, but I also agree with the others that it seems you over paid for what you purchased.
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New Member
 United States
5 Posts |
Everything was bought individually. The biggest spending was the $2 note at $95, the 1882 Morgan UNC @ $85, the 1889 Morgan UNC @ $100, the 58 Half Dollar Proof $95, then the sitting, etc. The 1958 Half Dollar Proof is interesting, as I was tipped by a dealer to buy this. Of the Franklin halves, only 875,652 were minted. They are valued around $95 for high graded, but that is low compared to the other Franklin low minted Proofs which bring in well over a thousand. I find all of this coin collecting very interesting. VERY. And fun too. I just need to get the down payment for our house and I'd hate to be a few hundred short. I am having fun just looking at the coins. |
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Valued Member
United States
287 Posts |
Not to throw gas on the fire, but the 10 gram gold clad bar and the 1 ounce 100mills gold bar are both "trick" bars to get people to buy something that seems like an investment, but is really just some base metal with a tiny electroplating of precious metal. Hence the "clad" and "mills", both references to plating. Any chance you can return them? Sorry, but you asked.
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New Member
United States
5 Posts |
Quote:
Not to throw gas on the fire, but the 10 gram gold clad bar and the 1 ounce 100mills gold bar are both "trick" bars to get people to buy something that seems like an investment, but is really just some base metal with a tiny electroplating of precious metal. Hence the "clad" and "mills", both references to plating. Any chance you can return them? Sorry, but you asked.
The clad stuff I got pretty cheap (a couple buck w/ free shipping). You're right, originally I was fooled. I thought I was getting some good metal. but after a bit of research I learned what they really are. |
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Pillar of the Community
United States
3345 Posts |
The uncirculated 1889 is not worth $100, and according to the RedBook (I know, I know, not to be used for prices) the proof franklin is worth around $50 in pr65. |
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New Member
United States
5 Posts |
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Moderator
 United States
16679 Posts |
Get the house first then buy coins. I would just hold on to them for now. The PM's will go higher with all this raising the debt ceiling nonsense.
swcoin.ecrater.com
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Bedrock of the Community
United States
14454 Posts |
those 100mil bars are not worth allot I don't know what you paid for them but I am really having problems finding anywhere near the value you paid to justify selling them now because you would lose so much money
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Pillar of the Community
United States
1817 Posts |
I agree with Vermontensium, get the house first, then dabble in the hobby. With this hobby it's very easy to get carried away, almost all newbies start off with an OCD method of collecting, since it's all new and every sale is exciting. There's nothing wrong with buying a little of this, a little of that, provided if you can get a lot of coin for a modest outlay of cash in the region of $100-$200, so you can get a feel for what appeals to you. $650 is serious money to throw at coins and see what sticks, and if I did that, you can bet my mrs. would be seriously mad. She can and has put me on a coin budget, which meant focusing on the coins I really want and ignoring the rest, however wondrous and tempting they are.
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Replies: 21 / Views: 4,063 |
Posted 07/10/2011 9:18 pm
