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Getting Coins At Deep Discounts

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SeatedNut's Avatar
United States
2797 Posts
 Posted 11/06/2009  10:57 am Show Profile   Bookmark this topic Add SeatedNut to your friends list Get a Link to this Message Number of Subscribers
Now this is appropriate for CCF. It amazes me how the spammers keep coming out of the woodwork. It also amazes me how fast the Mods take care of them.

So, anybody getting any coins at deep discounts?
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 11/06/2009  11:31 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Thank you.
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biokemist6's Avatar
United States
12437 Posts
 Posted 11/06/2009  11:31 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply

Quote:
So, anybody getting any coins at deep discounts?


Yep, I love Monday night Bid Boards at my local shop
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thq's Avatar
United States
3342 Posts
 Posted 11/06/2009  5:01 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
Welllll....it wasn't pretty, but I got a 1948D dime in change yesterday.

"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Moe145's Avatar
United States
8904 Posts
 Posted 11/06/2009  5:54 pm  Show Profile   Bookmark this reply Add Moe145 to your friends list Get a Link to this Reply
Occasionally. I look for people who don't know what they have when they sell coins on ebay. (Search for 1827 Half Dollar versus 1827 Capped Bust half dollar or 1916D dime versus 1916D Mercury/Liberty Head dime.)

Example: These Capped Bust Halfs (1827 and 1809) were listed as Liberty Head Halfs. I thought they turned out pretty well when I received them. And the Barber Half (1915 S) thrown in, all for $89. (I probably would have paid $89 for the 1827 CBH alone.)



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Getting-Coins-At-Deep-Discounts
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Jays-Dad's Avatar
United States
790 Posts
 Posted 11/06/2009  6:24 pm  Show Profile   Bookmark this reply Add Jays-Dad to your friends list Get a Link to this Reply
10 years ago, ebay was an awesome place for deep discounts as people sold things they didn't know. Those days are mostly over though.
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Ferret552's Avatar
United States
168 Posts
 Posted 11/06/2009  6:47 pm  Show Profile   Bookmark this reply Add Ferret552 to your friends list Get a Link to this Reply
Sometimes I'll see piles of coins, say nickels, going for a little over face value, and sometimes there will be silver sticking out in the pile. But yeah, the seller really needs to have no clue.
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coinyoungsta's Avatar
United States
280 Posts
 Posted 11/06/2009  11:16 pm  Show Profile   Bookmark this reply Add coinyoungsta to your friends list Get a Link to this Reply
i definatley would have paid $89 for the 1827 half, I got a whole lot of ebay of old coins and there was a 1903s Barber quarter in AU condition with minor rim dents for around $20
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Australia
1040 Posts
 Posted 11/07/2009  03:41 am  Show Profile   Bookmark this reply Add latman100 to your friends list Get a Link to this Reply
Yes, I am keeping everything I get in change and am looking long, say, 200 years and I should be sitting on a gold mine, all for face!

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hippiebrian's Avatar
United States
436 Posts
 Posted 11/07/2009  09:00 am  Show Profile   Bookmark this reply Add hippiebrian to your friends list Get a Link to this Reply
Honestly, the best deals I've gotten are either from antique stores or the auctions at my local club meetings.
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Sap's Avatar
Australia
16804 Posts
 Posted 11/07/2009  10:22 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply

Quote:
...or the auctions at my local club meetings.

I can second that. At my coin club's auction on Friday last, there were plenty of bargains to be had, including silver for melt or less. Some of the bargains there were duplicates of my own I was selling. Not so good for me, perhaps, but great for my fellow members.

Apart from that, the best "deeply discounted" coins I've found are in bulk lots, especially ones that haven't been sifted through too carefully. I've bought silver crown-sized coins for only a few cents, if you consider the average price per coin in a bulk lot to be the price paid.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 11/07/2009  10:55 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
I like how this thread has morphed. Well done, SeatedNut.
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clembo's Avatar
United States
442 Posts
 Posted 11/07/2009  6:15 pm  Show Profile   Bookmark this reply Add clembo to your friends list Get a Link to this Reply
I guess it all depends on one's definition of a "deep discount". I have scored a few decent times on ebay in the past but rarely even beid anymore.

The majority of my "deals" now come at work. I see what walks in, usually know how much the boss paid for it and if I have to do a lot of research/sorting he tends to give me some pretty good prices. Free on occasion for smaller stuff.

Tougher coins I get less of a deal. I'm happy with Greysheet bid on a tough coin that I want. Lesser stuff I can sometimes get at well under bid.

I've also found that if he's in a good mood and I inquire about a coin or coins toward the end of the day I get better prices USUALLY.
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busthalf's Avatar
United States
1304 Posts
 Posted 11/09/2009  03:04 am  Show Profile   Bookmark this reply Add busthalf to your friends list Get a Link to this Reply
I have found that good deals can be found at farm auctions. It seems if the bill says they have some coins most pepal show up for the equipment and realestate.
Valued Member
United States
429 Posts
 Posted 11/13/2009  01:05 am  Show Profile   Bookmark this reply Add penny pincher to your friends list Get a Link to this Reply
I think that most places have them it just how much time do you want to spend finding them.

A few years ago I use to be able to search through the wheat's that came into the local shop and pay $.03 a piece for them. This was great because 1. when they are sorted they go for $.10-.25 and 2. any coin older than 1934 is worth it for me. The best part is to find a semi key date, if I could get them all for $.03 I would be very happy.
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SeatedNut's Avatar
United States
2797 Posts
 Posted 11/13/2009  09:25 am  Show Profile   Bookmark this reply Add SeatedNut to your friends list Get a Link to this Reply
I have made some decent scores on ebay. These were primarily Morgan dollar VAMs that were unattributed. Here's a partial list:

- 1878 8TF VAM 9 (first Morgan) - total of three. One went to PCGS and came back XF40, one is AU50 raw and the last probably VF Raw. The XF40 sold for $700 and I still have the other two. I paid about $150 for all three. Book value for the other two is around $1200.
- 1878 7/8TF VAM 32 in XF raw, paid $35 and book is $300
- 1878 7TF VAM 116A in AU raw, paid $30 and BV is $375
- 1878 7TF VAM 118 in XF raw, paid around $20 and BV is $300
- 1878 7TF VAM 167 in XF raw, paid $25 BV $325
- 1878 7TF VAM 187 in XF raw, paid $20 BV $125
- 1878 7TF VAM 203A in XF raw, paid $30 BV $270
- 1878 7TF VAM 224 in MS63 raw, paid $75 BV $400
- 1878 7TF VAM 228B in XF raw, paid $35 BV $250
- 1878-S VAM 17A in MS62 raw, paid $40 BV $150
- 1878-S VAM 19A in MS63 raw, paid $50 BV $180
- 1878-S VAM 36A in PCGS64, paid $75 BV $370
- 1878-S VAM 36B in MS61 raw, paid $45 BV $300
- 1878-S VAM 50 in XF raw, paid $22 BV $225
- 1878-S Long Nocks (VAMs 26, 27(x2), 56, 58, and 59) paid a combined $250 for these and estimate value is around $2300
- 1880 VAM 6 (one AU, two XF) paid $100 BV $600
- 1880 VAM 39A PCGS AU53, paid $50 BV $1200
- 1880-O VAM 49, one MS62 raw, two AU raw, paid $175 for all BV $5000
- 1891-O VAM 3A2, two raw VF, paid $50 BV $1000
- 1900-O VAM 29A, two raw VF paid $45 BV $500

As you all know, Book Value and realized price can be miles apart. I have been waiting to submit these to PCGS until they started attributing the HitList 40 VAMs. If they grade near my estimate, I will be immensely happy.

I also hit a coin auction last year and picked up some nice pieces relatively cheap:
- 1980-D LMC struck on clad dime planchet PCGS MS63, paid $8 BV around $300
- Also picked up a couple of nice varities 1838-O dime with rpm and die crack and a 1913 T2 Buffalo with rim Cud. All less than $15.




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