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I Need Really Need Some Help

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Free2bme's Avatar
United States
48 Posts
 Posted 08/16/2009  9:18 pm Show Profile   Bookmark this topic Add Free2bme to your friends list Get a Link to this Message Number of Subscribers
I have been on this site for about a year persuing this new hobby but I'm definately still a newbie. We have a neighbor who is a widow, with no children, that has Lou Gerighs disease and it's advancing at an alarming rate that's taken us by surprise. She will have go to the nursing home in two weeks.

She's been collecting coins since her childhood and has several big boxes of coins. (proof sets, gold, lots of different types). These need to be gone through and sold to help pay everything. Since I'm so new at this I'm no help at evaluating them.

I was wondering if you guys could recommend someone trustworthy to look at these coins and tell me what they're worth and the best place to sell them for her. We are just south of St. Louis Missouri. Any advice or information you could give me would be so appreciated. Thank you,
Trina

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GO's Avatar
United States
6563 Posts
 Posted 08/16/2009  9:28 pm  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
The best place is here on the forum. Our gracious hosts operate a well respected consignment coin business.
http://www.coincommunity.com/coin_consignment/

You could take it to a local store but unless someone here knows a trustworthy fellow the coins could be highly undervalued.

What sort of collection is it so we can give you an idea of it's overall worth.

Got pics?
New Member
Free2bme's Avatar
United States
48 Posts
 Posted 08/17/2009  10:13 am  Show Profile   Bookmark this reply Add Free2bme to your friends list Get a Link to this Reply
Thanks GraceOutcast.

There are so many that it would take me a long time to take pics (if I could take good ones) so I was hoping there was someone in my area we could take them all to to look at. Then I could sell them here and anywhere else the person thought. But I will try to take some pics and post them to help get an idea of what we're dealing with.
Thanks again,
Trina
Bedrock of the Community
biokemist6's Avatar
United States
12437 Posts
 Posted 08/17/2009  11:36 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply

Quote:
I was hoping there was someone in my area we could take them all to to look at

I live in St Louis(close to Ted Drewes) and could possibly help you sort through and catalog the collection. If you are interested, just PM me.

Sorry to hear about your neighbor, that is a nasty disease I work in the Neurology Dept at Washington University and we have a collaborative research center that my lab is a part of(we study MS), the Hope Center for Neurological Diseases. The center was actually founded by someone with ALS who died a few years ago, he was a member of the Maritz family and had two other relatives die from the disease as well.
Edited by biokemist6
08/17/2009 11:53 am
Pillar of the Community
WpgLwr's Avatar
Canada
1082 Posts
 Posted 08/17/2009  11:39 am  Show Profile   Bookmark this reply Add WpgLwr to your friends list Get a Link to this Reply
I think that the worst thing one can do is sell a collection in bulk to one individual. As well, there have been situations where if one person is evaluating with the idea that they well may be the person getting to buy the collection, they may submit an impressive but lowball figure, just enough to whet a seller's appetite, and the seller, knowing little about the hobby, may sell just to get things over with.

Coins are not only subject to market conditions, condition determining prices, but also by the stock the buyer has on hand. It is possible that in any bulk lot of coins such as a collection that the evaluator may only value it based upon what he feels he can get for selected pieces and dismiss those in the evaluation that will Overstock him.

GO is totally right, and you may well be advised to follow what he says if it is important to get a real value for this collection and maximize the money it will bring in.
Bedrock of the Community
United States
10284 Posts
 Posted 08/17/2009  12:14 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
I agree with consignment through CCF. I sold a lot with the help of Susan and I did really well. She does a great job with them.
New Member
Free2bme's Avatar
United States
48 Posts
 Posted 08/17/2009  12:49 pm  Show Profile   Bookmark this reply Add Free2bme to your friends list Get a Link to this Reply
How do you pm? I tried the email but when I sent it it said I don't have access to the email system. Ughhh, I've got so much on my mind I guess I'm not thinking straight!
Bedrock of the Community
United States
10284 Posts
 Posted 08/17/2009  12:50 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
You might need 50 posts to PM people
Bedrock of the Community
biokemist6's Avatar
United States
12437 Posts
 Posted 08/17/2009  1:33 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Oh yeah, I forgot about that 50 post thing You cannot send a PM yet but I can email you, just add the contact info to your profile and I will send you an email. Conversely, you could just email me with my CCF name @yahoo.com
Edited by biokemist6
08/17/2009 2:09 pm
Bedrock of the Community
United States
20753 Posts
 Posted 08/17/2009  4:18 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
You left out a lot of facts. For example does that person have some relatives around there? So just how well do you know this neighbor to know about those coins? Who asked you for that help? I ask this because of some reasons I've been through in the past and also others I know have similar situations pop up.
What I mean is basically for you not to get to involved unless absolutely necessary. If you know these people well, almost anything you do would be suspect of you cheating. If they have relatives and you know them, they too will eventually suspect and possibly make comments on how you made a fortune on them. How many coins have you pocketed when no one was watching? Then the whispering in the neighbor hood will start about all the money you made on that poor sick lady and her family. This really happens and often.
My suggestion is to confront whoever suggested you get involved, well explain you would appreciate a family member also helping in this project.
Next purchase a Red Book and start a list of the coins. Have a column for approximate values based on that book. This book is well known to be about 20 to 25% over actual value. This book is also what dealers of coins could, should, might, sell for, not your attempting to sell price. This could become excessive pending the amount of coins involved. Looking up each coin, album, proof or uncir set, one at a time could also take up a lot of your time. You could also look up each item on ebay, the PCGS web site, Numismedia prices, Coin World prices, etc. As a general rule you will never be compensated for this and again, you now are a suspect in padding the situation. Possibly even pocketing some of the more valuable coins.
You could accumulate numerous posts right here for a while and then attempt to sell those here. One method would be to try to find out the real prices of many of the coins in that mess with posts like this one.
OOOPPPPS. Forgot. WELCOME TO THE FORUM.
New Member
Free2bme's Avatar
United States
48 Posts
 Posted 08/17/2009  5:35 pm  Show Profile   Bookmark this reply Add Free2bme to your friends list Get a Link to this Reply
Just Carl,

Thank you for your concern. Our neighbor, who is a good friend, is a widow with no children and she specifically asked us to help. I told her I was going to ask for some help and advice on this forum and she thought it was a good idea. Also, as you all help us evaluate them, I will print out your responses, show them to her and let her decided if the price is what she wants to sell for. She's wheelchair bound and getting paralyzed quickly and so she can't do this for herself. She has two other friends, also friends of ours, helping her and they all know what we're doing, so there's no secrecy. There is no family in the situation. So as far as I can tell we're doing everything right. I don't know what else to do. Thanks for your advice and I really appreciate anymore anyone else has. Trina
New Member
Free2bme's Avatar
United States
48 Posts
 Posted 08/17/2009  5:42 pm  Show Profile   Bookmark this reply Add Free2bme to your friends list Get a Link to this Reply
Biokemist6, Thank you. I sent you an email and I udated my profile so you can send me one through here but I don't know because I'm not up to 50 posts yet.
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Free2bme's Avatar
United States
48 Posts
 Posted 08/18/2009  12:15 am  Show Profile   Bookmark this reply Add Free2bme to your friends list Get a Link to this Reply
Okay, here is a list of some of the stuff....

1992 American Eagle Five Dollar Gold Coin uncirculated

1992 Deluxe Silver Proof Set

1880, 1881 & 1885 Uncirculated Carson City Morgan silver dollars

1994 United States Mint Premier Silver Proof Set

1986 United States Liberty Coins

1990 Eisenhower Centennial Proof Silver Dollar

1983 Olympic Silver Dollar

1966 & 1967 United States Special Mint Set

All of these I think are uncirculated because they're all in velvet boxes and enclosed in hard plastic sealed containers.

I'd appreciate any info and any pricing on these. Thanks!
Bedrock of the Community
biokemist6's Avatar
United States
12437 Posts
 Posted 08/18/2009  10:26 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
In regards to the CC Morgans, are they in oversized black slabs? If so, then they are most likely uncirculated GSA issued Morgans from the Treasury sales in the early 70s. Your neighbor really lucked out with those dates- 1882,83, and 84 are the common date CCs and are worth $175-200 but the three dates you listed are minimally $4-500 in Mint State
New Member
Free2bme's Avatar
United States
48 Posts
 Posted 08/18/2009  1:04 pm  Show Profile   Bookmark this reply Add Free2bme to your friends list Get a Link to this Reply
Yes, They are in the oversized black slabs and in the original box. The receipt is also with them from General Services Administration. The mailing receipt/label is also with them.
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