New Coin Inheritor Saying HI - Coin Community Forum

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Author	Replies: 11 / Views: 1,417
MG853 New Member United States 0 Posts	Posted 04/09/2019 7:03 pm Hi everyone. Lost my Dad a few years ago and inherited his quite large coin collection. I haven't touched it until recently, so I thought I'd register here. I skimmed through the coin inheritance post and I'm sure I'll be referencing it frequently. But thought I'd say hi and start browsing the forum! Report this Post to the Staff

Dorado Bedrock of the Community Canada 24885 Posts	Posted 04/09/2019 7:32 pm To the Forum. Report this Post to the Staff
acloco Pillar of the Community United States 3540 Posts	Posted 04/09/2019 9:13 pm Welcome! Any questions? Report this Post to the Staff
malgal Valued Member United States 119 Posts	Posted 04/09/2019 9:32 pm Report this Post to the Staff
jack jeckel Pillar of the Community United States 5200 Posts	Posted 04/09/2019 10:23 pm Report this Post to the Staff
chafemasterj Pillar of the Community United States 6514 Posts	Posted 04/10/2019 06:00 am Welcome to the Forum. You've come to a phenomenal place to share and learn. Enjoy! Check out my counterstamped Lincoln Cent collection: http://goccf.com/t/303507 Report this Post to the Staff
Petespockets55 Pillar of the Community United States 5770 Posts	Posted 04/10/2019 09:39 am Welcome to the forum. Great place for lots of varied interests. Words of encouragement are one of the major food groups. We need to consume them regularly to thrive and grow. Report this Post to the Staff
jbuck Moderator United States 187702 Posts	Posted 04/10/2019 10:20 am to the Community! Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
MG853 New Member United States 0 Posts	Posted 04/12/2019 11:41 pm Thanks everyone! Acloco, I have tons of questions, lol. I figured I'd browse a bit so I'm not asking a bunch of redundant questions though. I guess the biggest thing I'm facing at this point is using the NGC and PCGS apps to scan barcodes, seeing a coins value, then going to a shop and getting offered less than half. It's making me super reluctant to sell anything besides gold, silver, and palladium ounces. I did find a post that outlined this topic briefly, so I think it's something I'll wait on until I build a rapport with a specific coin shop. The place I'm going to now I think is focused mainly on spot price of the gold rather than what the coin actually is. Report this Post to the Staff
Petespockets55 Pillar of the Community United States 5770 Posts	Posted 04/13/2019 10:07 am Sorry for the loss of your Dad. It takes time. That sounds like a good strategy. You can also do an Advanced search on ebay for what specific items sold for. Click on "Advanced" at the far right of the "Search" box. Type in the details from the slab in the new "search" box including Date, type of coin, grade, and grading company. (This next step is important to find "Sold" examples.) Check the box next to "SOLD", and then click on search. Remember that these "sold" values have fees removed from them (10%-20% I've heard). I'm simply a collector but remember that dealers are in business and it requires making a profit. The "Gray Sheets" are another resource a lot of them use as a guide for current asking and selling prices on coins. Think of the "Gray Sheets" as an informational "Stock Market" for coins. Simply an up to date/current "Ask" and "Bid" amounts for coins of all types. Sellers do have overhead, auction or show fees, plus holding it in inventory until the right buyer comes along. You will have to decide about investing your time into listing, selling, shipping, fees, follow up and so forth to get the best return if you sell them yourself. Just remember whichever route you take, there will be good surprises and not so good. Best of success with whichever route you take. Patience and timing will probably be the deciding factor. Words of encouragement are one of the major food groups. We need to consume them regularly to thrive and grow. Report this Post to the Staff
Petespockets55 Pillar of the Community United States 5770 Posts	Posted 04/13/2019 10:13 am Quote: ....... so I think it's something I'll wait on until I build a rapport with a specific coin shop. Good idea as well. Don't overwhelm them with too much at once. Take one or two items with you at first that you are well versed in, to see how they compare to what you already know. A slabbed item is a known quantity with only a slight amount of variation in value. Words of encouragement are one of the major food groups. We need to consume them regularly to thrive and grow. Report this Post to the Staff
DocSSavage Valued Member United States 96 Posts	Posted 04/14/2019 11:47 pm Welcome. I hope you enjoy. You get out of the experience what you put into it. There is a lot to know out there! Report this Post to the Staff
	Replies: 11 / Views: 1,417

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