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Fair Price For 1960 & 1963 P&d Mint Sets

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SilverTracker's Avatar
United States
589 Posts
 Posted 10/16/2014  9:50 pm Show Profile   Bookmark this topic Add SilverTracker to your friends list Get a Link to this Message Number of Subscribers
Good Day All,

I have a chance tomorrow to buy from an individual who inherited coins from his Father-in-law a 1960 & 1963 P&D Mint sets in its original envelope and cello wrapping.

I want to offer a fair price but I figured $ 20.00 for each year's P&D Set? Can someone tell me if this price is fair?

The other thing is he has other coins and mint sets so I dont know what I am going to see tomorrow but I am excited. I love Ben Franklin halves and knowing these are uncirculated give me the .

Thank you.
John
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United States
836 Posts
 Posted 10/17/2014  12:31 am  Show Profile   Bookmark this reply Add brenpickle to your friends list Get a Link to this Reply
I would probably give $25 for each set if you are trying to be fair. Those sets aren't too rare, but the Franklins alone can be sold for $15 each easy from each set, and there are 4 their.

Still would be great to see them. The 63p Franklin is kinda tough in FBL, especially in ms64 on up. I love Franklins as well and love looking through mint sets. I have cut apart my fair share of these.
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babysitr's Avatar
United States
1339 Posts
 Posted 10/17/2014  08:20 am  Show Profile   Bookmark this reply Add babysitr to your friends list Get a Link to this Reply
If the envelopes are nice with no writing on them,coin cello still sealed,then $30 each is still in line IMHO
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SilverTracker's Avatar
United States
589 Posts
 Posted 10/21/2014  12:27 pm  Show Profile   Bookmark this reply Add SilverTracker to your friends list Get a Link to this Reply
UPDATE:

Well I met with this guy and as I offered him the recommended $30.00 for each P&D set, he brings out a North American Coin book with every coin and its value ever made in North America and starts to value each coin separately. Well by the time he was done with just the 1960P set he tells me he wants $ 60.00 for the 1960P set. Well I told him that was an unreasonable price for just the P set and he says that the book says the total for the 5 coins add up to $ 75.00 and he was giving me a bargain. I didn't want to haggle with him on the price after he said that and just thanked him for his time and left.

Just for my own knowledge what condition would you say these coins could be in? I mean they had amazing luster and were sealed in its original cello.

Thanks

John
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iontyre's Avatar
United States
269 Posts
 Posted 10/21/2014  1:01 pm  Show Profile   Bookmark this reply Add iontyre to your friends list Get a Link to this Reply
What grade was he assigning each coin? Did it seem reasonable? Was he going by MS65 prices on coins that would be MS63?

He'll have a hard time selling a 1960 mint set for $75 without certifying each coin.
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United States
937 Posts
 Posted 10/21/2014  1:50 pm  Show Profile   Bookmark this reply Add Tryna to your friends list Get a Link to this Reply
Often the best way to buy coins like this is have the owner go to a coin shop or pawn shop if no coin shop near by to get an offer from them and tell him you will pay 10% above their offer. This way the owner sees what the local market is for his coins and knows you are paying more for them than he could get at the shop and you are getting a good deal that leaves you some meat.

If he refuses to sell then just thank him and walk away.
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BadThad's Avatar
United States
19930 Posts
 Posted 10/21/2014  2:22 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply

Quote:
he brings out a North American Coin book with every coin and its value ever made in North America and starts to value each coin separately.


Never heard of it, I agree with the other poster recommending you take them to a local shop for a harsh dose of reality. He needs to understand that "book prices" are not real and do not reflect the market.
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