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Replies: 33 / Views: 5,115 |
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Pillar of the Community
United States
8516 Posts |
Yes, he needs to educate himself or he will get ripped off. Man I wouldn't even think about selling for spot. An unscrupulous dealer would eat him alive.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Valued Member
United States
388 Posts |
Sorry Sorry CCF! Didn't know. I see now though. 246 posts to go....
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Pillar of the Community
United States
2311 Posts |
I agree Ray. The dealer can sell those Franklin for about 15 to 20 each. It really depends on the grade and if they're full bell lines.
My dad once sold a MS-64 Franklin with full bell lines for five bucks to a dealer...
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Pillar of the Community
United States
2764 Posts |
You can use this site as a gauge to see where the price point that would make the grading effort worth while: http://www.numismedia.com/fmv/fmv.shtmlKey things that will make the coin worth extra if grade: a) Mercury dime: Full Band (FB) - 43, 44s, 44, 44d b) Franklin half: Full Bell Line - 43, 54, 54d, 56, 57, 57d, Resource: http://www.caccoin.com/reference-se...ference-set/Grading service: a) ANACS - cheapest of the three, lower price value for coins of the same condition/grade - you don't need membership b) NGC - cheaper membership than PCGS, on par with PCGS (some series the price value is a little bit less for NGC graded coin than PCGS) c) PCGS - top market share, cost more/coin, coin tend to command higher price Note: For NGC & PCGS, you need to get a membership or send through a dealer. If you find a trusted dealer, you can also get his help in selecting the coin to send in for grading & using his membership/submission privilege to send in your coins (for a fee). Good luck.
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New Member
 United States
9 Posts |
Thank you Bruce. The reference on FBL is very helpful. I have trouble following the PCGS photo references for grades in that they are just pictures with no explanation as to why one coin is better than the previous. I assume there are certain specific things they focus on. If these coins really came right from the bank new in rolls and therefore are true uncirculated, how to you think they should grade out generally/on average ignoring the FBL and FB? Only a few of these rolls have been opened in the last 40 years or so - should I open them and look for FBL and FB or leave them sealed and un picked through. Or if I sell them as rolls on ebay are pople not going to believe they are unpicked through. Thank you, David
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Bedrock of the Community
13014 Posts |
Quote: I have trouble following the PCGS photo references for grades in that they are just pictures with no explanation as to why one coin is better than the previous. I assume there are certain specific things they focus on. It gets hard in the high MS grades but generally speaking they look for clean surfaces (no bag marks/dings), luster, and eye appeal. One thing you can do is look up pictures of that coin on ebay in the graded slabs and you can kind of get an idea of the differences. In high MS grades though its like splitting hairs based off eye appeal I probably wouldnt bother with the dimes and would just sell them as a roll. People like those things if you open it though and put it back in a tube people will generally assume its been picked through. The halfs would be the ones to open and look through if thats the route you wanted to go that route. The 64 roll I might just sell whole even if I opened the others.
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Valued Member
United States
54 Posts |
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Pillar of the Community
Canada
2805 Posts |
The 1965 Canadian set is not a proof set, but a proof-like set. This is a source of huge frustration for new Canadian collectors, so here's the explanation (mostly paraphrased): when it is first made, a coin die has a frosty finish on the devices (the raised bits, the "design"), while the flat part (the "field") is smooth and shiny. The first coins made off this die (maybe only 3 to 5!) are very frosty and gain the extremely coveted "Ultra Heavy Cameo" designation, but the frosting rapidly deteriorates, moving onto "Heavy Cameo", "Cameo", and finally reaching "Proof-like". Proof-like coins are struck cleanly and strongly with more care than a typical coin for circulation, but they exhibit no contrast between the devices and field. My 2013 Charlton Standard Catalogue values your 1965 set at $45. However, if your coins are noticeably frosted, take some pictures and post them in the Canadian forum. A cameo designation from ICCS (pretty much the only Canadian grading company) will raise the value markedly - a certified PL-65 1959 quarter is catalogued at $30, but a Heavy Cameo is $50. Ultra Heavy Cameos have populations too low to be catalogued (none, one, two), but the 1959 quarter is a strange exception, with an even 50 known at last count: this is the most common Ultra Heavy Cameo by far, and one is currently for sale on the Internet for $100. All this is pretty confusing, but it can pay off if you check your proof-like set before selling it. Here's my source: http://www.edmontoncoinclub.com/cameo.htm
Edited by nalaberong 08/30/2013 12:45 am
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New Member
 United States
9 Posts |
thank you. On the Canadian sets - Some are in unopened paper envelopes like US sets. Is it ok to open them? Is it ok to open the paper envelopes the US sets are in? If it is ok to open them, is slitting the top ok?
There is also a small box from the Canadian government (or whoever mailed these things) with sets in it that is not even opened. I estimated it has five sets in it. Should I open that
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Pillar of the Community
United States
1795 Posts |
Do your homework,be careful in your decisions,be reasonable for your expectations,and listen. You will be surprized what you will learn if you just listen. Remember dealers are in business to make money so take that into consideration. Selling them yourself will take time and knowledge. So if you not in financial need take your time and who knows you may want to continue with the collection.
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Pillar of the Community
United States
919 Posts |
If they are not in their original wrapper someone will think they were picked through. Even coins in original wrappers can be searched. Just because they came for the bank does not mean they are high grade unc coins. Be careful in how you present them. If you are going to use coin language make sure it is correct or a buyer will come back and complain. If you are new to this that could cause a problem for you.
What you have would get bought quickly. I would guess most collectors here that check out those pictures are fighting back the urge to make you an offer. Silver coins from that time frame are very hot now. Most stores can't keep stuff like this in stock.
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Valued Member
United States
477 Posts |
The " Red Book" of US coins has a fairly good description of grades. Armed with that info and a good coin loupe you can tell a lot yourself. Grading MS numbers I leave to the experts. Rick
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Pillar of the Community
Canada
2805 Posts |
Quote: On the Canadian sets - Some are in unopened paper envelopes like US sets. Is it ok to open them? Is it ok to open the paper envelopes the US sets are in? If it is ok to open them, is slitting the top ok? I don't actually own any of these sets, but here's what my catalogue says: "This set contains one of each denomination (for a total of six coins) packaged in a flat pliofilm pouch, inserted in a brown kraft envelope." It's probably okay to slit open this envelope. Inside, you'll find a floppy plastic pouch with nothing interesting on it - these sets aren't really made to be handled. But the $45 price is only for coins still in that original packaging, so don't open it! As for the unopened box of five - is it original Mint packaging? I'm not familiar with this type of box, so I'd post pictures of the outside in the Canadian forum. I can see some interest for it if it's a sealed box straight from the Mint.
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Bedrock of the Community
13014 Posts |
Quote: Is it ok to open the paper envelopes the US sets are in? If theyve already been opened checking them out is fine. If theyre still sealed from the mint you would get a higher price leaving it that way.
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Pillar of the Community
United States
2424 Posts |
myself and others here truly want to help you get the MOST of what you have here. i am sure they already told you to avoid cash for gold, coinshops that take more than 20%, and ebay that tax you with fees. for sure, do your homework. at this point with truly uncirculated coins, you can assume they are all MS63 or higher... I think its safe. I would concentrate on finding errors, varieties, and coins that have, like others said, Full bell lines on the Franklin halves, full torch lines on the Mercury dimes, key dates in the series, with Washington quarters, there are some type A and B varieties to look for. basically, I think you should investigate every coin and do so with the aide of some valuable resource guides that can help you determine the difference between a common coin and one that has value. i suggest posting pictures and asking the people here for advice before doing anything. I would also suggest getting your posts up so you can eventually sell here.
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Replies: 33 / Views: 5,115 |