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Coin Collection Getting To Big

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Valued Member
Copper Penny Connection's Avatar
United States
415 Posts
 Posted 11/05/2014  06:43 am  Show Profile   Bookmark this reply Add Copper Penny Connection to your friends list Get a Link to this Reply
See, I don't mind breaking it up and selling piece by piece. You make more, and while it takes longer, it still sells. Plus I have several customers who are the doomsday type who only want 90% and buy hundreds of dollars in face at a time. So sells rather quickly that way too. My goal in my shop is to be as trustworthy and as fair as I can be. Some of my biggest purchases have been from recommendations of "the small guy" that I treated fairly.

Also, One more reason would be peoples lack of knowledge for key dates and varieties. Errors and varieties are my thing, So I enjoy finding them in the 90% junk.
Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 11/05/2014  07:50 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Whatever you do, hasten slowly!
Decide how and when and by what process(es) you are going to sell. This strategy should also apply to buying coins. In other words, always try to buy well.

Lots money has been lost by others, with quickly decided upon and rash selling strategies.

If you wish to downsize tour collection, search your mind as to what you really wish to collect, before you start to cull coins out of your collection.

Another approach is to retain them all, and consider a much better cataloging system.
Pillar of the Community
United States
1590 Posts
 Posted 11/08/2014  1:06 pm  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
As a dealer I want to make a quick comment on "time is money". Yes; "Time is Money"; so is silver. I'm in the Coin Business. ANY customer that comes in to sell gets my undivided attention. Whether it is one coin; a lot of Junk Silver; or an entire collection. A good dealer is there to buy that collection. Not get mad because you took time away from facebook. While we do have time when we see lots of customers at the same time. Mostly we have a couple of dead hours here and there; punctuated by spasms of activity.

Bottom line, if a dealer is rude or complains that 'time is money', move on to the next guy. Trust me, the rude guy is probably going to low ball you. And if you have a decent collection to sell; shop around and get a couple of offers.

Around here, buy prices for common silver are; .90 cents/dime, $2.25/quarter,$4.50/halves, and $16 for silver dollars. Prices in your area could be different. But these are solid bullion prices. Check the internet and remember that silver is in a downtrend and we have seen some decent drops lately.

Oh, and this is not a solicitation. I don't do business on this forum. This is where I come to get away from the stress of business and have fun!
Edited by jmkendall
11/08/2014 1:08 pm
Pillar of the Community
DoubleEagle20's Avatar
United States
1748 Posts
 Posted 11/09/2014  1:00 pm  Show Profile   Bookmark this reply Add DoubleEagle20 to your friends list Get a Link to this Reply
If you catch the Bust Half fever, your collection will become very compact, very quickly. You will liquidate almost everything to feed the Bust Half addiction...lol.

My Morgans may be the next to go...
Edited by DoubleEagle20
11/09/2014 1:03 pm
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