Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
300,000 items to help build your collection! Shop for APMEX Bullion on eBay!Coin, Banknote and Medal Collectors's Online Mall Join Thousands of Coin, Bullion, & Money Collectors Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Specializing in Modern Numismatics Vancouvers #1 Coin and Paper Money Dealer








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Buying A Coin Collection Question

To participate in the forum you must log in or register.
Author Previous TopicReplies: 23 / Views: 2,639Next Topic
Page: of 2
Pillar of the Community
United States
2600 Posts
 Posted 12/20/2007  5:00 pm  Show Profile   Bookmark this reply Add Jim1953 to your friends list Get a Link to this Reply
That seems like a good plan Shappa. One suggestion, if any of the coins seem to have a lot of value, consider getting added thoughts on it. You sure don't want to over pay for a coin and have missed something. Hey, post them here.

Jim
Valued Member
shappa's Avatar
United States
64 Posts
 Posted 12/20/2007  5:31 pm  Show Profile   Bookmark this reply Add shappa to your friends list Get a Link to this Reply
That seems like a good plan Shappa. One suggestion, if any of the coins seem to have a lot of value, consider getting added thoughts on it. You sure don't want to over pay for a coin and have missed something. Hey, post them here.

Jim
.......................
Another good idea!
I photobucket as a free pic host for other forums. I'm pretty sure it should be o.k. here too.
Now I'll have to learn how to photo coins too. lol
Bedrock of the Community
Conder101's Avatar
United States
17884 Posts
 Posted 12/20/2007  5:44 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
What I would do if I was presented with this collection is

Price out the bust material
Allow about a dollar apiece for the cent rolls. (I don't care if they look like "original rolls" because the only way to know if they truly are is to bust them open and then they aren't. If I truly feel convinced that they are, then I may allow more.)
Do a quick scan of the dimes for keys, semi-keys, or unusually high grade pieces, other than that melt value.
Melt on the silver rounds.
I'd try and come up with an average value on the tokens and broken bank notes and allow that per piece and hope I find a good one in there. Why? because I don't know that much about them and getting accurate values will require attribution and specialized references that I don't have. This means a lot more time for potentially little or no return. So figure the average price and hope something shows up to cover my research time.
Pillar of the Community
livingdinasaur's Avatar
United States
1571 Posts
 Posted 12/20/2007  9:15 pm  Show Profile   Bookmark this reply Add livingdinasaur to your friends list Get a Link to this Reply
I have considered looking for collections, or "a bunch of "old coins, "laying around" to buy, but end up with the same questions Shappa has posed. Not knowing much about grading, and even less about value, here is what I did, and ended up buying the "batch". My sister said she had a bunch of old coins, that she wanted to get rid of. I asked for a list of what, date, and mint, how many of each, and condition. She said she didn't know "what condition" they were, but they weren't new coins, just some old coins laying around. I used the "black book", which gives the prices a dealer would pay for the coin, in grade. I offered the VG-8 price listed for all the denominations, and ( She said they weren't new,just "old coins"). Based on that, I said I would give her "so much" for them. She later agreed, and sent the lot to me. They turned out to be pretty much what I expected, and she has never said that I cheated her, so Maybe that might work for you. There were none of the other items you mentioned, so it was much easier. When it comes to the other items, I would reccomend asking members of this, and other forums, that cover those areas as part of the forum, and I'm asure you can get some excellent advice on which way to go. Good luck in your "project", and Welcome to the forum! You mentioned "an Ignorant question" There ain't no such thing!@ Only people that are afraid to ask for fear that they will be considered "ignorant" My position is this: Any day that goes by, where I didn't learn something new, (to me), is a day WASTED!
Dick
Edited by livingdinasaur
12/20/2007 9:19 pm
Member
amac44's Avatar
United States
3242 Posts
 Posted 12/21/2007  08:09 am  Show Profile   Bookmark this reply Add amac44 to your friends list Get a Link to this Reply
this way some of us can help you grade&price them
Bedrock of the Community
United States
20753 Posts
 Posted 12/21/2007  11:29 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I wish this forum had the ability to quote someone in the reply because you all offer great insights I'd like to address

True that is one thing missing here. Should be thingy on a post for quotes so you can copy what someone else said. Anyone know of a way that could be done?
I do like the idea of printing out this series of answers. Might actually be a thing to show your boss so he knows you are really attempting to come up with a decent method of purchasing the coins at a fair price.
Valued Member
IHPO8S's Avatar
United States
374 Posts
 Posted 12/21/2007  11:49 pm  Show Profile   Bookmark this reply Add IHPO8S to your friends list Get a Link to this Reply
I would try to find a certified appraiser. any key dates or high dollar coins send in for grading. You could take the coins to 5 diffrent dealers at a coin show and get 5 diffrent grades. The bullion coins depends on the market price.
Valued Member
United States
164 Posts
 Posted 12/23/2007  05:43 am  Show Profile   Bookmark this reply Add rohumpy to your friends list Get a Link to this Reply
"I wish this forum had the ability to quote someone in the reply because you all offer great insights I'd like to address"--justcarl

Quoting is simple. See above. Just highlight the quote, hit control c, then click in the reply box and hit control v. Add quotation marks, and the name of the person being quoted.

My thoughts on the original question. It is indeed unfair to go to a dealer and ask for an appraisal if you have no intention selling. I suppose you could reject the hypothetical offer, but then you know your intentions and it still isn't right.
  Previous TopicReplies: 23 / Views: 2,639Next Topic
Page: of 2

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.26 seconds to rattle this change. Forums