Help With Silver Coins

ebay will likely bring you back the most money for the coins. I know you dont want to spend a ton of time on it, but if you listed them as a roll you should be able to get a couple hundred dollars for each of the rolls.

You can also try local coin stores and ask them what they would buy them for then compare their offer to the prices they usually sell on ebay. This generally works out to the ebay price being higher even after fees but sometimes you can do better with the store.

There may be some worth grading, but it wont be quick. Turn around time even using the more expensive submission tier which is faster is usually about a month from when you mail them until you have them back. It also will require an upfront investment on your part for the fees which will likely be a few hundred dollars. Thats said that doesn't mean it wouldnt be worth it, but if youre looking for the quick easy sell thats not really the way to go.

Any coin store dealers should be able to help, some will be more trust worthy than others. I would suggest narrowing down the pile if thats what you want to do and invest in the grading membership to do it yourself since I'm guessing you have no relationship with any of the dealers where youd trust them to do it for you.

Check out http://www.pcgs.com/photograde/ to get an idea of what the grades look like, you can also check pictures of already slabbed coins on ebay as well. ebay and http://www.numismedia.com/fmv/fmv.shtml can give you approximate values of coins to see what would be worth it or not. Anything with a lot of bag marks (dings basically) you can remove from the pile right away for the most part. Theres a few special varieties in some of those dates if you really wanted to put the time in to look for them.

If you do go the grading rate use PCGS or NGC and for me it'd be in that order to maximize the potential return. ANACS is good too but in general bring back a lower price.

The easiest fastest selling route though would be to sell them as uncirculated rolls. In the end grading COULD bring back more money depending whats in those rolls but it will take some time and money. The Dimes likely wouldn't be worth the effort either way from the prices I generally see on ebay for them they have to be real high grade ones to be worth it, the nickels might not be the greatest as well without any 1943/2 over date varieties. The halfs would be the most likely to be worth it with the quarters being iffy.

Grading generally costs 20 dollars a coin for the slow boat 30 business day method plus shipping, 32 if you want the 15 business day tier. Overall shipping will probably run you 50 dollars round trip and there may be an 8 dollar fee per order. It sounds like you got the coins for face which helps a lot but make sure any increased value isn't eaten up by the grading fee. For example if you have a half you could sell for 22 and grading would make it a 52 dollar coin you didn't gain anything as the grading fee ate up all the extra profit.

Hopefully that helps.

Silver's on it's way up this week, I wouldn't be in any big hurry to sell.

I agree selling the complete roll on ebay would be the easiest way that would bring the most money with out selling individual coins. In a lot of cases the grading fee will be more than the coin's value, including the grading fee.

I've been buying a lot of modern proof silver dimes, quarters and halves lately off ebay. The PCGS graded dimes I've been getting for less than $10 shipped, silver State Quarters for $10 to $15 and the silver halves run around $20 to $22, and these are graded PF69.

Even in volume discounts from the graders I can't see where there's any profit in selling graded and slabbed coins for that little, but who's going to pay much more for a common dime?

Best wishes in the adventure, there isn't a sole on this forum that doesn't wish they had your problem.

Rick

ebay will eat your money up like crazy with fees, shipping, insurance... gets real expensive real quick selling on there. With an amount like that, you should be able to broker a cash transaction with a solid dealer and come out with more than you would after the 'bay. I can give you the name of my guy, he will pay pretty dang close to spot and may very well come up to buy it since he has downtime during the week. Email me if you're interested. He may very well pay a premium for the BU's as well, depending on what you've got.

If you're looking to maximize returns, he can tell you what might be worth grading and what won't, but I'm pretty sure the bulk of what you have won't be worth grading. I'd estimate that less than 2% of collectable coins are really worth slabbing... to make sense, you're really talking $150+ coins to make slabbing profitable enough to justify the cost and time involved.

Obviously some of the stuff is worth more than spot, but the dimes/quarters later dates? Good luck getting more than 10% over spot for them... especially when you have that many rolls to sell. OP can break them down and do the legwork of selling them out one by one, but most people find that far too much work for what amounts to a slightly higher return. Plus, the details here are scant... are they still in the original wrapped rolls? Were they broken out and put into tubes? Rolls in the original paper sometimes bring huge premiums, but if they're the tubes, most dealers are only paying melt right now on common-date Washies, Roosies, and Kennedys. Franklins will go for a bit over melt, WLH's will pull a solid premium... but yeah...

Then 44s in the picture was taped with scotch tape. The label had worn off so when I was going through re-labeling I opened it bc it was turned tails on both sides. There were a couple of coins tarnished on one side - perhaps they had been the end ones in the rolls. You can see a few that look dark on the side of the 44s roll. I assume back in the day it was considered good to put in airtight rolls and now the ones left in paper trade at a premium. The coins generally look brand spanking new.

At the same time these coins were being bought, they also seem to have been buying sheets of stamps. They apparently generally trade in quantity below face (who wants to lick 3-5 cent stamps). I wish that money had been used to buy coins.

If you do put them up for sale as rolls, I would like to make an offer. I have a new coin business on ebay and would love to piece out this collection. I am new to collecting too and am looking for lots like this for my store. I am in no way asking you to sell them to me without finding out their value first. I will pay a fair price. I'm not out to steal from unsuspecting people. But you said you would eventually sell them. So when you do, all I ask is you shoot me a message. I would like to at least be able to make an offer. Thanks.

Yeah he can only sell them to me, lol.

*note, new members can't sell anything till they got 250 post. But he can buy stuff from us when he has 50 post.
So, if he drags this on for 246 post he will be allowed to sell on ccf*

Also, I'm not a mod, just a forum member.


Added,

This mint set right here is worth about 24 dollars



It has;
1 silver quarter
1 silver dime
1 silver Franklin
1 Nice Lincoln Cent
1 good Jefferson nickel.


It looks like you have a roll of all silver dimes. MY guess would be Roosevelt dimes. They're worth about 1.35 in silver I think. So 50 x 1.35 = 67.50

Ray, he should post 246 more times then we can act like sharks. But, I really would recommend him to look OVER everyone and wear cotton gloves or latex gloves so he don't make any newbie mistakes. Those mint sets would do good on ebay but the fee's would hurt a little. On CCF we don't got the fee's.
So, if he takes his time reads our forum he will become better at knowing what the coins are.