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Newbie...and Advice Needed Please!

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New Member

United Kingdom
0 Posts
 Posted 11/05/2019  4:35 pm Show Profile   Bookmark this topic Add Ronnieroo to your friends list Get a Link to this Message Number of Subscribers
Hello
I inherited many coins from my stepfather 30 years ago. I've recently moved house and have only now sorted through them...!!
I would really appreciate advice as I would like to sell most of them and like to know the best way of going about this. I'm guessing as a bulk sale? Is there any years I should be looking for? Is to sell as silver an option?

SO..amongst them, there are as follows:
426 Florins (1863 - 1933)
49 Crowns (1818- 1921)
292 Half crowns (1914 - 1967)
60 Two Shilling (1937 - 1967)
80 Shilling (1825 - 1966)
633 Sixpence (1817 - 1967)
70 Threepences plus a few silver

I also have loads of copper...around 30 kilos! Ranging from Victorian to Elizabeth 2nd. The local coin dealer offered £2 per kilo..is this the going rate?

Any piece of advice to this novice would be much appreciated...Very Many Thanks

Rhonda

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jbuck's Avatar
United States
190071 Posts
 Posted 11/05/2019  4:51 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
to the Community!

Your post was moved to the appropriate forum for the proper attention.
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chronos's Avatar
Lebanon
506 Posts
 Posted 11/05/2019  5:04 pm  Show Profile   Bookmark this reply Add chronos to your friends list Get a Link to this Reply
what about your coins condition ? Can you send pics for some coins ?
I don't recommend selling them for melt price .I suggest even to check every coin individually .you may have coins worth lot of money.
Edited by chronos
11/05/2019 5:24 pm
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PaddyB's Avatar
United Kingdom
945 Posts
 Posted 11/06/2019  02:16 am  Show Profile   Bookmark this reply Add PaddyB to your friends list Get a Link to this Reply
Breaking it down and selling as individual coins or small groups on ebay would make you the most money, but will take a lot of time and effort.
Selling to a dealer is the quickest and easiest. £2 per kilo is fair for the copper as the vast majority of this is likely to be scrap metal. With the silver there is going to be a lot more value - you need to break down the silver into 3 sections: Pre 1920 will be 0.925 Silver, 1920 to 1946 will be 0.500 Silver and 1947 onward has no silver.
The 0.925, assuming it is in well worn condition, should get 30 to 40 times face value. Individual coins of scarce dates or top condition may make much more.
The 0.500 silver should make 15 to 20 times face. There are fewer good dates in this range, so even in top condition not going to make much more.
The non-silver drops back into the £2 per kilo range.
A fair dealer will talk you through all this and explain what is being offered for which, including which coins are worth more than scrap. (An unscrupulous dealer will try to get away with £2 per kilo across the board.)

The third alternative is to put the whole lot into auction. Bear in mind that it will be bought by dealers who will factor in their commission and you will then also pay seller's commission, so typically you will end up with about half market value.

Feel free to private message me if you would like to discuss offline.
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Anaximander's Avatar
United Kingdom
709 Posts
 Posted 11/09/2019  07:52 am  Show Profile   Bookmark this reply Add Anaximander to your friends list Get a Link to this Reply
Some years are more valuable than others. The Coin Yearbook 2020, now available from bookshops at £10, will give you a good idea. Your local library might help find it. Bear in mind that firstly prices are only a guide, a rough indication of what you would pay a dealer to buy it, not what they will pay you. Secondly the condition of the coin makes a huge difference to the value. What this will do is help you spot anything that is worth a closer look.
Edited by Anaximander
11/09/2019 3:41 pm
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