Buying Bulk Lots Of US Coins - Coin Community Forum

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Author	Replies: 7 / Views: 1,622
NickleSeeker New Member United States 4 Posts	Posted 03/05/2013 5:44 pm As A "Newbie" I was hoping I couple get some minor info on the best way yo go about researching what some good lots to bid on are and where? Thanks to all in advance. Also what is a condition in which a coin no longer has value. I have a bunch that are mostly obliterated, but dates and some critical marks can be made out. * Moved by Staff to a more appropriate forum. * Report this Post to the Staff

coinsandcoins32 Valued Member United States 159 Posts	Posted 03/05/2013 7:22 pm A good way to get the values of coins is with a price guide. I recommend the RedBook. They are pretty cheap, and will give you great info on coins and prices. This should help you get started. All coins have value in any condition because...well... its money! However some types coins will only be worth spot price of the metals that they are made of if they are in bad enough condition. However there are some coins, especially early US coins that are worth good money in any condition. Good luck on your journey with coins! Report this Post to the Staff
NickleSeeker New Member United States 4 Posts	Posted 03/05/2013 8:34 pm Thanks for the input! Are early U.S. coins normally sold in buld lots? Report this Post to the Staff
NickleSeeker New Member United States 4 Posts	Posted 03/05/2013 8:38 pm "Bulk" lots that is Report this Post to the Staff
vermontensium Moderator United States 16679 Posts	Posted 03/05/2013 8:46 pm Quote: Are early U.S. coins normally sold in buld lots? Rarely. You have to do your research, learn each specific series you are interested in, and learn grading. The Red Book should be used merely as a guide. Prices are not representative of actual fair market values. www.numismedia.com and the Greysheet http://www.greysheet.com are far more accurate. Research past auction realized prices as well such as Heritage or Teletrade. swcoin.ecrater.com Report this Post to the Staff
denco7 Pillar of the Community United States 2543 Posts	Posted 03/05/2013 9:24 pm Welcome to the community ! Quote: Also what is a condition in which a coin no longer has value. I have a bunch that are mostly obliterated, but dates and some critical marks can be made out. Few coins totally lose any value as long as the date and other id marks are still visible. Classic coins will also retain numismatic value as long as you can identify them. Obviously the value will reflect that of an AG-3 coin but if it is a better date coin, it will still have numismatic value. Also, if you want to edit your post, click the paper and pencil icon above your post and you can edit spelling and repost. Report this Post to the Staff
january1may Pillar of the Community Russian Federation 5172 Posts	Posted 03/06/2013 08:54 am Quote: Also what is a condition in which a coin no longer has value. I have a bunch that are mostly obliterated, but dates and some critical marks can be made out. A lot depends on the particulars as well. If by "mostly obliterated" you mean damage (e.g. scraped or something like that), then it won't be worth much (not quite to the point of "no value", but if it's recent enough and not silver it could go close to face value). If you just mean "really, really worn", then you might well end up with lowball hunters fighting over your coin Report this Post to the Staff
Newmismatist Valued Member United States 197 Posts	Posted 03/10/2013 07:53 am Another good way to get accurate market values is by looking at "completed listings" on ebay. This works best with coins that trade in higher volume, though. Report this Post to the Staff
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