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 Replies: 10 / Views: 8,189 |
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Valued Member
United States
121 Posts |
I was out bank hopping today and asked if they had anything unusual. They said they did and walked to the vault and returned with a number of sealed US Mint bags of 2005 Kennedy half dollars and a few of the Golden Dollars and Washington Dollars. I see them available at the mint for a hefty premium. I'm a newbie on these bags. Are they really worth the bother. I bought the Kennedy's but was a bit reluctant to drop the $1000 for all the dollars bags. Should I pick them up? They don't seem to get much action on ebay? Any suggestions appreciated. Maine_Jim |
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Pillar of the Community
United States
1359 Posts |
Search for silver and take em back!..Dont buy the $1 bags. Even if you find a few nice UNC ones thats worth keeping, mostly just search for silver. I would hold on for a few before selling what you find. Silver is way down compared to what it was a couple months ago but people still pay for it!
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Valued Member
 United States
121 Posts |
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Pillar of the Community
United States
671 Posts |
If you can get the bag at face and sell it for a profit that would be amazing, but the temptation to search through them would be too great for me.  In the end, it's your choice.  |
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Pillar of the Community
United States
5609 Posts |
Those bags from the mint cost $319.00 plus s/h for 250 coins.T hat is far from at face value, unless I mis-understood.Thats $69.00 more than face not including s/h?
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Pillar of the Community
United States
3098 Posts |
Well, if they're sealed and straight from the mint, would there be silvers?  |
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Pillar of the Community
United States
2589 Posts |
He said they were solid date bags of 2005 coins, which would mean that there are no silver halves in the bags and to open and search them for silver would be futile. I suggest selling them online or searching for errors, but more emphasis on selling online, as since you've already noted these bags sell way over face online. I'm thinking someone bought some from the mint and decided to dump them after times turned tough.
-XoG
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Bedrock of the Community
United States
14454 Posts |
or someone died and their family just turned them in, either way they are worth more than face value, so if you can get the coins for face value and they come in a sealed mint bag I would go for it. If you don't you better bet someone else will because those Washington Dollars was the one with the most plain edge errors and people would probably pay a little premium over what the mint charges just to search through them for those. And as far as searching through the halves that is just crazy, all the coins in there would be 2005 so there will be no silver, and once they are opened they will always just be worth face value of the coins (which I know is what you paid anyway) and you can throw away the bag
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Valued Member
United States
121 Posts |
Thanks - I'll have to swing by and drop the $1000 for the bags. I'll probably have to open them....
Maine_Jim
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Pillar of the Community
United States
4541 Posts |
Quote:
and once they are opened they will always just be worth face value of the coins (which I know is what you paid anyway) and you can throw away the bag Why do you think they will only be worth face if he opens them... These are NIFC's and none I seen sell for face value whether it be 1 or 20 |
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Bedrock of the Community
United States
17884 Posts |
That's weird because NONE of those bags were meant for circulation, they were all part of the direct sell for a premium market.
Before I opened them I would try and find out what unopened bags are selling for in the marketplace. Considering your chances of actually finding anything good in them, you would probably make more selling them as unopened and letting someone elses fantasies line your pocket.
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Replies: 10 / Views: 8,189 |
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Posted 12/16/2008 8:06 pm
