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 Replies: 11 / Views: 2,595 |
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Valued Member
United States
73 Posts |
I have the following in this shoe box: 23 Proof sets ranging from 1968-87 11 Special Mint sets from 66-67 23 Uncirculated Sets ranging from 1968-73 What can I expect to get from a LCS for these coins? I'm guessing these aren't flying out of the store, so I just want some sort of figure so I know I'm not being lowballed. Thanks!  |
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Pillar of the Community
United States
4211 Posts |
I had some duplicate mint / proof sets I took with me to get rid of at the last coin show I went to. The dealer I sold them to paid 30% under grey sheet buy. In other words not very much, but I understand they don't sell well and they stay in inventory for a very long time. I just had maybe a dozen duplicates so it wasn't a big deal to get such a small amount for them. You might break them into groups and try to sell on ebay? |
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Pillar of the Community
United States
513 Posts |
I recently attended a local auction for lotsa stuff other than coins (lotsa junk**), but they had several mint and proof sets--70's 80's and 90's. Regular sets, nothing special or silver, not the prestige and souvenir, etc. Those things went for $20 or more each! These folks didn't look like folks who would know about coins, and I got outbid really quickly.
Consider checking for local auction firms and see what they will give ya or consign them. Risky, but your LCS may not be real receptive.
**truly one man's junk is another man's treasure, but c'mon!
Edited by Garoyn
09/11/2015 9:59 pm
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Valued Member
 United States
73 Posts |
I'd probably be doing cartwheels if I got $20 for some of these sets! I'll definitely look into local auctions! Debrajc, thanks for suggesting selling them in groups on ebay. I'm in no rush to sell them, so I was going to shop them around the local shops first and see what kind of action I could get. |
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Bedrock of the Community
United States
11951 Posts |
These sets are tough to sell, most are worth at or near face. Except for the 40% half dollars. I have seen many dealers cut them up and take them to the bank. Of course I am sure you have checked for 1970 S small date Lincoln's 1971 no "S" proof Jefferson and Type II SBA's I am think the SMS sets might be the ones that would sell best on ebay. |
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Valued Member
United States
73 Posts |
I checked the Lincoln and Jefferson, but not the SBA. Thanks for the heads up! |
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Pillar of the Community
United States
4085 Posts |
I would say ballpark retail on these is 5-6 bucks each, so discount accordingly and you might get $3 a piece for them. MY LCS has stacks and stacks of these sitting in the case unsold. They are a pretty easy sell on ebay though it you price them attractively. |
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Pillar of the Community
United States
500 Posts |
can you break them out the case and put together all the Cents,Nickels,Dimes,Quarters and Half Dollar in their group set and get more for them then selling them as a proof set.i might not be saying this correct but hope you guys figure it out,I'm trying to learn myself.hope this will be a good ideal.
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Valued Member
United States
214 Posts |
On the subject of breaking them up, and selling individual coins, the Kennedy half in the 1970 mint and proof set tends to go for more than the set, and the SBA dollars in the 81 sets tend to sell for more than the sets. These coins were not minted for circulation in those years so the sets are the only source. |
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Pillar of the Community
United States
1913 Posts |
One thing to keep in mind is that some coin dealers specialize in particular areas of coin collecting. I recently had some duplicate sets to sell. At the last large show I went to I found two dealers that pretty much concentrated on selling modern sets (proof, mint, etc.). One offered me 85% of grey sheet bid and the other offered me 90% of grey sheet bid. Both were selling sets at grey sheet bid. Although the coins I sold to the second dealer were in good shape, he didn't even seem to be concerned about their quality. All he wanted to know is if all the mint certifications were in the sets as well. The bottom line here is that you'll do best by saving them for a large show and shopping around. If you go to a local coin shop, you'll probably not get near what they're worth. You could also sell them on ebay, although it's more of a hassle. Figure a fee of about 13% between ebay and Paypal. |
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Rest in Peace
United States
2668 Posts |
Offer them up in a local yokel auction. Put them up in batches of a range of years. Wanting their birth year will sometimes make people pay stupid money. Have them at the beginning of the auction, but after people have gotten into the swing of things. Say forth to eighth? You may have to pay 10-30% in fees. Find out. Good luck.  |
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Valued Member
United States
83 Posts |
You might be best off seeing if anyone on here wants them, or perhaps hitting up ebay and listing here. I suspect you would want to open them up and see if they are in particularly good or particularly poor condition. I had a pretty complete run of proofs from 2000 to 2015, but when I wanted to fill in a hole, APMEX was an ok source. You might want to look there for reasonable retail prices - anyone who wants to fill out a set could always go there and get a solid return policy, so it puts an upper bound on what a reasonable person would pay. For unreasonable people, look for a local auction. |
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Replies: 11 / Views: 2,595 |
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Posted 09/11/2015 9:58 pm
