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 Replies: 9 / Views: 1,348 |
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New Member
United States
27 Posts |
Hello everyone, I had a question regarding how to go about selling / appraising this batch of coins. I have 2x rolls of 10 (1952 & 1956) with a receipt from 1994 (and a pretty steep price tag -- hopefully my Great Aunt didn't overpay. The 10x 1956 were $300....and this was from 1994). The paper itself has an issued grading of MS 64...however I doubt this will fly when trying to piece them off as there are no slabs. Any opinions on what to do? Do you agree with their grading?    |
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Moderator
 United States
23522 Posts |
I would consider $45 to be a trifle high today for an MS64 1952 in a PCGS slab. Factoring inflation, silver was half the price of today in 1994. I'm guessing she paid roughly double their true value at the time, and I'm unsure I'd give the coin pictured here a grade of 64 although it's plainly Mint State.
That said, I do not know what retail pricing was back then.
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Rest in Peace
United States
17900 Posts |
Check the sold prices on ebay for encapsulated 64 grades from NGC and PCGS and you will see that even if they were 64 and graded as such by these two TPG's, they would not be worth today what they cost back then. Regardless, from the one you've shown which is Mint State, if they are all that way then a dealer is likely to pay you about $7-$9 each for the 1952s and $5-$8 each for the 1956's, I would think. Probably not a great deal more. |
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Pillar of the Community
United States
7375 Posts |
Your great aunt bought something nice years ago, and it ended up falling your way. Even though it appears she might have over paid at the time, I wouldn't be too concerned about the value now. It's a nice keepsake, and it might be a good idea to hold on to them for a while before you decide to do anything with them. I was given an international stamp collection from my great aunt almost 50 years ago when I was about 12. The collection wasn't worth much either, but I never considered selling it. Will probably pass it to my son at the right time.
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Bedrock of the Community
United States
94367 Posts |
 Ed's right. And unfortunately, the one shown might not even make 64. |
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Valued Member
United States
452 Posts |
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Pillar of the Community
 United States
5828 Posts |
Yep, that guy got arrested for this. I saw an episode about this on TV...
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Pillar of the Community
United States
7375 Posts |
Well......that kind of adds a sour note to it, but since you still have the receipt, I like the "adds interesting provenance" angle.  We have some really good detectives around here  |
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Pillar of the Community
United States
7390 Posts |
Thanks AES! I was gonna post that. I saw them on an episode of "American Greed" a few months back. They were buying up every franklin in the tri-state area lcs's and selling them via telemarketing at outrageous premiums using flat out deception.
Piedpiper, I truly hope she saw the scam early and didn't get sucked in for her whole life savings as many others were
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Rest in Peace
United States
18456 Posts |
 Seems there are a few bad coin dealers on Long Island. about a month ago there was one in Lindenhurst L.I. everybody is out to make a dirty buck. |
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Replies: 9 / Views: 1,348 |
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Posted 08/03/2015 10:15 am
