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 Replies: 17 / Views: 3,176 |
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Valued Member
United States
82 Posts |
I am going to purchase this from my grandfather, what would be a fair price to pay for it? Sorry about the glare on the pictures. They were taken in the bank vault room with glaring lights overhead.   Also included are the following: $45 Morgan and Peace mix $10 1964 Kennedy $19 Franklins $36 Walkers $10.75 quarter Wash. $12.5 dimes (Roos., mercury) $3.50 Barber halves$2 Standing quarter1 1932 quarter 20 $1 silver certificate circulated 15 $5 blue seal circulated 1 $5 blue seal star note slightly circulated 1 $2 red seal circulated 1 1963 philly mint set 1 $2.50 1907 gold AU What would be a fair price for all of it? |
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Pillar of the Community
United States
1316 Posts |
What would you consider a fair price to your grandfather? Greysheet, wholesale, average ebay, catalog values? The difference is going to be big to him. |
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Valued Member
 United States
82 Posts |
I would say average ebay would be a fair example of what the market is doing. I also told him that if there was something I found while looking at them at home that was valuable, more than normal, I would pay him for that too. I just need a starting point, $2500? $3000? All the "junk" silver is what he got while working at his bar. |
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Rest in Peace
United States
7075 Posts |
There is no easy way to answer your question. For one thing grade (condition) matters a lot. Then there's the matter of mint marks.
That 1932 quarter -- assuming it was heavily circulated -- could be worth as little as $8.74. But if it has an "S" MM it would be worth $69. A "D" MM makes it worth $73.60.
I took those values from Numismedia Fair Market Value Price Guide. Those prices tend to be high. But clearly the one quarter could be worth nearly 10 times more depending upon the MM.
If you need to settle this in a hurry, offer him something and be prepared to pay more later on or return some of the coins.
Once you have the collection in your possession, there are a lot of people here that can help you with grades and values if you post good pics of each item.
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Pillar of the Community
United States
4469 Posts |
There is no way anyone could give you an accurate starting point based on the photos and information provided. You need to catalog the coins and assign a grade to each of the coins that you and your grandfather can agree upon, then, agree upon the pricing tool to arrive at a value for each coin. Once you have that information, you and your grandfather can negotiate a fair price for the collection.
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Pillar of the Community
United States
1911 Posts |
Like others have mentioned a lot depends on the grades. But from what I see there are some nice circulated examples in there! Cool to find and be able to get!
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Pillar of the Community
United States
4085 Posts |
Ok, here is a total SWAG - the S stands for scientific because there is a little detail behind it. This assumes a bit of a family discount - ie towards the lower retail end and also assumes that it is circulated coins based on the blurry pictures AND based on my basic knowledge of retail prices - ie I didn't look up all the dates or try to grade condition except in a very ballpark way. So here you go: Capped 50c - $75 Capped 25c - $75 20c Piece - $100 Seated 10c - $25 Seated half dime - $20 Half Cent - $30 Liberty nickel - $1 Large Cent - $30 3c Nickel - $15 1c Flying Eagle - $10 3c Silver - $10 2c - $35 Shield nickel - $10 So that's $436. Then I've got $138 silver @ 10-12x face, let's say $1500 with family special price. Then $102 in Notes which I don't know much about but let's say 3x face so $300 Mint set $40 Gold $2.5 - $350 If I added right that's $2626 so something in the $2500 range seems fair on the surface. Edited by KenKat
10/26/2015 5:00 pm
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Pillar of the Community
United States
3210 Posts |
You should get it for free that'd be nice since your family. If he wants to sell quickly I wouldn't hesitate with a $2000 offer in a second. Make a promise if there are some really valuable coins to recoup some extra money to him. All depends if you want to sell or keep it. Honestly if there were coins I needed for my sets I'd keep them and sell stuff I didn't want or already had.
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Rest in Peace
United States
7075 Posts |
If you are both comfortable with that amount for starters -- then go for it! If you find that you seriously underestimated the value of something, you can always return it or pay your grandfather whatever's fair.
I hope that you're keeping the collection and that you'll be posting pics when you get it.
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Valued Member
United States
374 Posts |
'Cause he's your grandfather, ask $1500.
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Pillar of the Community
United States
4416 Posts |
IMHO, $2500 is a fair price. I don't see a downside for you, OP. And, it's likely profitable for him. When silver next spikes, assuming you then sell some, pass him another $500 or more.
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Valued Member
United States
82 Posts |
Update on the purchase. I got a phone call yesterday from an uncle. He was upset I was looking at the coins without talking to him first. He has never shown any interest in the coins or anything numismatic before, but since I showed an interest, he is now claiming the coins. I will probably never see them again, but such are the dealings with family. Thank you all for your help and input. I really appreciate being able to reach out to you all and for the sound advice and counsel I have received. Hope your week goes better than mine did.  Edited by clbchiro
10/28/2015 4:02 pm
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Pillar of the Community
United States
4211 Posts |
So sorry to hear that~!! Perhaps since your uncle isn't a coin collector you two could have him talk to a dealer or two to get "an offer" if he truly isn't interested in the coins and see if you could top a dealer offer....perhaps he would rather have $2500 in cash if that was a fair offer? Good luck to you!
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Pillar of the Community
United States
621 Posts |
If your grandpa hasn't specifically told you he wants your uncle to have them I wouldn't give up. Did you ask your uncle why he wants them now? Is it motivated by him wishing to sell it? Talk to grandpa asap. If he doesn't agree your uncle can claim them and say whatever he likes. Don't let your uncle intimidate you.
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Rest in Peace
United States
7075 Posts |
Sorry to hear the news.
Make sure that the family knows that you were willing to BUY the coins at a fair price.
(sigh) This just makes me sad. Hits close to home.
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Pillar of the Community
United States
7618 Posts |
Your Grandfather owns the coins, not your Uncle.
Your Grandfather is entitled to do with them as he pleases.
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Replies: 17 / Views: 3,176 |
Posted 10/26/2015 12:54 pm
