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nohope587's Avatar
United States
5953 Posts
 Posted 07/19/2005  09:16 am Show Profile   Bookmark this topic Add nohope587 to your friends list Get a Link to this Message Number of Subscribers
Ok Here we Go.
Lets say we have a collection with a book value of around $4,000 made up of mostly common date coins and 70s proof and mint sets.
Some BU rolls of Silver

Rough Break down
10 cull morgans
14 cull Peace $
6 rolls mixed low grade Buffalos
10 rolls BU Washintons 64d
various whitmans cents through Halves with only common dates/mm in low grades
45 rolls of Wheaties
2 rolls of teen wheaties
Plus about 25lbs of unsearched coins from the 50s to the 70s
Oops forgot to add the mint proof stuff

6 Brown box 71 Ikes
2 Brown box 72 Ikes
1 Brown Box 73 Ikes
Proof Sets
62,64,68,69,70,73x4,74x2,75,76x6,76silverx5,78,79x4,80,81x2,82x2,84,85
Mint
72x2,73x2,76,77,79x4,80,81x2,85,87,
76silverx5

the rest of the stuff is AG to G V,Buffaloe,Jeffersons
about 5lbs of mixed wheats mostly 50's and about 50%BU



How much would we get from a dealer and would they be interested?
Before you ask no its not mine.
I have been looking at a typical collection for some-one I don't want to raise their hopes because I have seen nothing special and it has been my experience in the past that dealers do not realy want common stuff.
I would like to be able to give a realistic dealer price before I make my offer

Thank you in advance for your help
Edited by nohope587
07/19/2005 10:47 am
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TerrapinWill's Avatar
United States
57 Posts
 Posted 07/19/2005  09:29 am  Show Profile   Bookmark this reply Add TerrapinWill to your friends list Get a Link to this Reply
Ebay...or join PCGS Message board and see through Buy,Sell trade. JMHO
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Susanlynn9's Avatar
United States
5877 Posts
 Posted 07/19/2005  11:46 am  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
I don't think a dealer would be interested in these. If represented accurately, they would sell on ebay, but need to be put in larger lots in order to make a profit. Lots should state what is included (not necessary to itemize each date, but date and condition range are a must so that people know what they are getting). Even culls have a market on ebay if represented accurately. The owner of the collection should sell it on their own or have someone do it who will not charge commission as the money received will not be a lot, but enough could be made to have money to spend on better coins.

The wheats should be listed in lots of at least 4 rolls each. If you list many more than that, the shipping becomes prohibitive and you'll have trouble finding buyers.

The cull Morgans in a lot together should bring at least $30, but you may want to break them into 2 lots.

The Washingtons should be listed 1 roll at a time.

If the Whitman holders are the nice large ones with the plastic film, they can be sold with the coins still in them. If they are the small folders, remove the coins and include them in the lots. Throw the folders away (they don't bring any premium on ebay).

The Ikes should sell well. You may want to do 1 71-73 set and the rest individually.

Mint/Proof sets will sell for about 50-75% of Red Book value. These are actually good items to put in an ebay store with a BIN.

Except for the Mint/Proof sets, start all items very low with occasional Gallery pics (you don't need them for each auction). The mint/proof sets, if run at live auction, should be started at 50% of Red Book value.

Hope this helps.
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nohope587's Avatar
United States
5953 Posts
 Posted 07/19/2005  1:01 pm  Show Profile   Bookmark this reply Add nohope587 to your friends list Get a Link to this Reply
Thanks Susan.
The only reason I would be interested is for the same reason I think I could turn the collection around on ebay for a small proffit. The more I look at it the more I see it resembles my collection nothing special but some one had fun getting it together.
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SFDukie's Avatar
United States
980 Posts
 Posted 07/19/2005  1:24 pm  Show Profile   Bookmark this reply Add SFDukie to your friends list Get a Link to this Reply
Hi nohope,
As you know, I can't give you the dealer perspective. I can give the perspective of someone recently bought a roll of BU 63-D Washington quarters, and looked at many lots on ebay a few months ago.
Are the siver dollars true culls? Even G or AG silver dollars seem to have a market on ebay- they are very popular items and it is rare, almost unheard of, for them to not go for a premium over melt, from what I have seen.
Another option, and an easier one, would be to consign the lot. I'm not trying to flog our sponsor, but Bobby and Susan clearly know how to sell items optimally on ebay, and it would be a no hassle transaction. And as Terrapin Will said, a BST board is a super easy way to do things-my guess is that ebay will yield a higher price for many items, but a posting here, at Cointalk, and CU would likely sell all of the items for fair prices if the owner can post pics.
Don

My " ebay" breakdown-
silver dollars- again, if they have dates sould get at least $170. If truely dateless, I don't know, but lets say $120.

Buffs, I'nm mot familiar with the ebay market, but a completed auctions search of dated nickels g or better seems to sell for at least $15/roll. Even date/nodate rolls are going for $10 and up. so that is a further 90+. If washies are truely BU, I'd say 800+ if sold a roll at a time. Mixed rolls of wheat cents seem to go for at least a buck each- say $50 for the group, if sold in small lots of say 5 rolls each. Add $15 for the mixed wheaties unrolled, if sold as rolls. Obviously true bu rolls would be worth more.

Brown box ikes- $5 each - but call it an even $50.

Proof and mint sets ion original packaging seem to sell fairly easily. I'm not checking them individually, but say $150 for the mint sets if sold individually, Proofs, call it $300. Again, that would be with the hassle of posting each individually.
Unsearched coins, I don't know, but lets call it an additional $50. Those may not be worth the hassle- can you say coinstar?

Conservatively, if sold on ebay, or a bst board, that comes to $1500, very rough ballpark.
I'd say consign them, unless the owner really needs the couple of hundred dollars that will cost. If they enjoy the process, posting pics and itemizing will make them more money, of copurse, if they can do a good job, Best way might be to sell a few of the proof sets, mint sets and ikes to get a good fb rating, then sell the rest.
please take my take on this with a large cake of rock salt
Don
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Susanlynn9's Avatar
United States
5877 Posts
 Posted 07/19/2005  1:25 pm  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
Richard, if you decide to sell them on ebay and there is anything I can do to help, just let me know. We're selling a bunch of lots right now and you can see how we set them up. We have a bunch more going up tonight (2 in albums). I'd offer to do it for you, but once our commission (even at a reduced rate) is paid, you wouldn't see enough money for them. You really would be best to do it yourself. Your pictures are certainly good enough. I would be more than happy to help you put the auction descriptions together with the pictures incorporated into the description so that you wouldn't have to pay for picture hosting through ebay either.
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nohope587's Avatar
United States
5953 Posts
 Posted 07/19/2005  3:53 pm  Show Profile   Bookmark this reply Add nohope587 to your friends list Get a Link to this Reply
Based on what you all (Texan) have told me and what I have learnt from WINS
I have gone over the collection a bit more carefully
"Coins" Magazine value for everything is $3427.85 (This is from the September issue so I guess this is what the price will be then )
2006 Red Book Value for everything is $2468.05 (Nice to know what the prices will be next year. A bit of a loss from this september I must say.)
Based on this info I calculate a dealer price of $1777.
Assuming that a dealer wants this kind of stuff.
I spoke to a couple of dealers in Houston and they were only interested in the BU silver rolls and nothing else.
I am going to offer $1500 I think its reasonable.
Susan I would agree with your reply on WINS but for one thing. I am not looking to make much if any proffit.
I have no idea what the owner is looking for and I don't think they have much idea either. As for the Wheaties and Buffs Halloween is comming up so the kids will be getting round bits of metal this year instead of a sugar overload.
The worst that can happen is they say no. I will not have lost anything other than the time taken to look which was quite frankly fun.
If they are unhappy then they can take their chances with the local dealers in Batton Rouge/New Orleans.
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Susanlynn9's Avatar
United States
5877 Posts
 Posted 07/19/2005  6:18 pm  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
Sorry, the businesswoman in me looks at profit potential.

If you are not looking for profit, then I agree that $1500 is a very reasonable offer.
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