Help Needed For Selling Bulk Lot Of Australian Pennies

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Author	Replies: 5 / Views: 2,681
DLG New Member Australia 1 Posts	Posted 03/22/2014 9:40 pm Hi I am not a collector but my late brother in law was and collected only Australian coins. When he passed, he left my husband the following Australian pennies which he rolled in bank paper and added the date and number of the pennies in the roll (each roll contains 25 pennies) 1951 x 2; 1952 x 4 ; 1955 x 1958 x 1; 1960 x 1; 1961 x3; 1962 x 3 1963 x 2 ; 1964 x 5. None of the rolls have been opened by us and I have had someone interested in purchasing the lot. Any ideas on how I should price them? I am lost....thanks in advance. Cheers Report this Post to the Staff

stevo1962 Pillar of the Community Australia 908 Posts	Posted 03/22/2014 10:07 pm It totally depends on the condition of the coins.If they have been well circulated and worn you would probably get about $20 per kg but if they are uncirculated you might get a few dollars each but each coin would have to be valued individually which is a bit difficult if they are in rolls.Ideally we would need close up photos of both sides of each coin so we could advise a bit more accurately Report this Post to the Staff
Basil Pillar of the Community Australia 1040 Posts	Posted 03/23/2014 6:27 pm Yeah,onto ebay starting at $10 or $20 and see where it goes but coins just sitting in a roll without clarity probaly won't attract big bids,the Bank paper the Coins are rolled in may be worth more than the Coins depending on the Bank & signage. The main thing with listing on ebay is to take the time to list with all relevant Info. and individual photos of each roll with the Bank's Logo showing,if its plain brown paper then a group photo will probaly do.Good Luck. Report this Post to the Staff
wwwww Pillar of the Community Australia 541 Posts	Posted 03/24/2014 01:04 am Can you post photos of the ends of the rolls (so that one coin is visible)? They could be uncirculated which would put their value in the thousands. Report this Post to the Staff
trout1105 Pillar of the Community Australia 7096 Posts	Posted 03/24/2014 01:15 am Quote: Can you post photos of the ends of the rolls (so that one coin is visible)? They could be uncirculated which would put their value in the thousands. I highly doubt that Walter. These are self rolled and not Mint rolls, There could be anything in these. I would treat these the same as I would "Unsearched rolls" Report this Post to the Staff
Basil Pillar of the Community Australia 1040 Posts	Posted 03/24/2014 6:48 pm Yeah,I've seen dozens of these "hordes" over the years.As older members of this Forum will know it was very common in the 1950's and 1960's to store Coins this way.Almost every small Business and every large Business at that time rolled their Coins,either for storeage in the change bin or for their Banking so they didn't spend half the day with a Teller,and this carried over to personal storeage. Probaly the best thing to do is to show the coins to a dealer,if their hand rolled he can break the rolls(ask to be present)and see exactly what they contain,then make a decision on what to do then.Only downside is you may be charged for his time which will probaly be more than the coins are worth. Report this Post to the Staff
	Replies: 5 / Views: 2,681

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