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Replies: 15 / Views: 2,496 |
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Pillar of the Community
United States
564 Posts |
I have someone who wants to sell me there complete collection of coins. Below is what he says he has. I'm wondering how much you would pay for a collection this size. I already got a price locked in and I'm picking it up today. Ill post pictures and grades of the coins I got later tonight . A Jefferson nickel collection in a coin album, but it is missing 1939-D, and the 1950-D. it ends at 1959 3 complete coin albums of the Lincoln head penny collection, dated 1941-1958 1,000 wheat cents. dates unknown.(im going to bet 1940's and 1950's) 15 Indian Head pennies dated 1889, 1890, 1893, 1896, 1897, 1898, 1899, 1900, 1901, 1902, 1903, 1904, 1906, 1907, 1908 19 V nickels dated 1895, 1896, 1897, 1898, 1899, 1900, 1901, 1902, 1903, 1904, 1905, 1906, 1907, 1908, 1909, 1910, 1911, 1912, 1912-D And 19 Franklin half dollars dated between 1949-1962 What would that be worth to you if you were to buy them? I have not seen any pictures. I thought this might be fun for everyone to say what they thought was fair. Ill post what I paid later when I have pictures to post.
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Bedrock of the Community
United States
10982 Posts |
$150 without being able to see pictures or know the grades.
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Pillar of the Community
United States
1080 Posts |
This could be a fun discussion. Caveats: We haven't seen anything, and I won't judge your pricing decisions. Quote:A Jefferson nickel collection in a coin album, but it is missing 1939-D, and the 1950-D. it ends at 1959. That means 11 silver nickels. The rest (about 50 coins) aren't worth much more than face. I'd say 50 x 0.05 = $5. 11 x 0.75 = 8.25. With the album I'd go about $15.00 here. Quote: 3 complete coin albums of the Lincoln head penny collection, dated 1941-1958 Hmm... about 46 coins in each of these. So 46 x 3 albums = 138 wheat cents. I'd give 3 cents apiece and round down. 138 x 0.03 = 4.14. So I'm at $4.00 here. Quote: 1,000 wheat cents. dates unknown.(im going to bet 1940's and 1950's) Okay, about 145 copper cents to the pound, I'd go about 2.5 cents apiece or 145 x $0.025 = $3.625 per pound. Quote: 15 Indian Head pennies dated 1889, 1890, 1893, 1896, 1897, 1898, 1899, 1900, 1901, 1902, 1903, 1904, 1906, 1907, 1908 15 coins here... I don't know much about these (and my blue book is upstairs). I dunno... I'd say (and condition matters here) somewhere between 50 cents and a buck apiece. So between $7.50 and $15.00. Quote:19 V nickels dated 1895, 1896, 1897, 1898, 1899, 1900, 1901, 1902, 1903, 1904, 1905, 1906, 1907, 1908, 1909, 1910, 1911, 1912, 1912-D[quote]These are common dates and condition is important here, but I'd go about $0.75 each. That may be high, however. So 19 x $0.75 = $14.25. [quote]And 19 Franklin half dollars dated between 1949-1962 Six dollars each. 6 x 19 = $114So my total would be about $157 plus $3.63 per pound on the bulk wheaties. I'm curious to hear from others.
Edited by specksynder 08/14/2010 8:58 pm
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Valued Member
United States
313 Posts |
I'll guess if your buying sight unseen 125.00 
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Pillar of the Community
United States
1659 Posts |
If it were me, I'd buy that lot sight unseen pretty much for the silver content. About $125-$135 is what I'd pay for it. I would buy with the assumption that everything else is worn out junk.
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Valued Member
United States
294 Posts |
I'd agree. No real key dates in any of the lot. I would offer $125 and probably take it at $150. I like to haggle a little.
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Pillar of the Community
United States
2661 Posts |
Quote: 3 complete coin albums of the Lincoln head penny collection, dated 1941-1958
Including the 55 DDO?
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Bedrock of the Community
United States
20753 Posts |
Quote:Including the 55 DDO? Of course and all in MS grades too. As to that collection. For one thing I'd first ask what he is asking for them all. He may say a price that is really great or really completely off the wall. Many people have no idea of what their coins are worth and imagine they are worth a small fortune. If you made him an offer of $100 to $150, which is what it all may be worth, he may completely reject that. I would really suggest you ask what he THIHKS that is all worth first. If he has no idea, suggest $100.
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Valued Member
United States
294 Posts |
Quote: As to that collection. For one thing I'd first ask what he is asking for them all. He may say a price that is really great or really completely off the wall. Many people have no idea of what their coins are worth and imagine they are worth a small fortune. If you made him an offer of $100 to $150, which is what it all may be worth, he may completely reject that. I would really suggest you ask what he THIHKS that is all worth first. If he has no idea, suggest $100. Thats's a good suggestion. But what if he favors sentiment over actual worth? I had a lady bring me a box of foreign coins and currency, wanting to sell. She told me the story of how her and her husband collected these through the years while they travelled. I asked her what she thought they were worth. She replied I have no idea. I made her an offer (rather low, but like I said, I like to haggle a little). She looked at me like I was nuts. So I asked, what do you think it's worth? She declined to even make a counter offer, said she just let her grandkids play with them. I explained that I may get 50-75 coins that are unique to my collection, then I'm now stuck with several hundred coins that have no value to me, or anyone else. And while sentiment is nice, it adds no monetary value to the collection. She said "oh well" and left. BTW- she was referred to me by the clerk at the local coin shop, where she tried to sell them first and was told the shop does not buy foreign money because there is no profit to be made.
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Bedrock of the Community
United States
20753 Posts |
As noted about that old lady is basically true. Many people save and/or collect items they are attached to and assume they are worth a lot since they have had them for so long. Your example of all those foreign coins she had is typical and usually the truth makes them mad and believe your a crook. Those situations are really not worth the attempt to explain reality in most cases. An elderly person near me asked a neighbor and myself to help clean out his garage. We went there and attempted to throw out almost everything that looked like it has been there forever. About 3/4 or everything we were about to throw out he yelled NO, not that. It's worth a lot of money. He is near 90 years old and trying to tell him it's junk just doesn't work. As to that collection I'd still ask how much do YOU THINK it's worth? If the value comes out really high, I don't think there is much chance your going to convince her otherwise. But it's worth a try.
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Pillar of the Community
United States
625 Posts |
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Bedrock of the Community
United States
17884 Posts |
I came up with $177 My figures were about the same as specksnyder's. I'm $20 higher because he didn't give a quote for the 19 V nickels.
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Valued Member
United States
258 Posts |
A Jefferson nickel collection in a coin album, but it is missing 1939-D, and the 1950-D. it ends at 1959. 10 cents per piece unless they are bu. 3 complete coin albums of the Lincoln head penny collection, dated 1941-1958 $10.00 for all 3 sets (did this at a coin show a couple months ago). 1,000 wheat cents. dates unknown.(im going to bet 1940's and 1950's) $1.25 per roll ie. $25.00 15 Indian Head pennies dated 1889, 1890, 1893, 1896, 1897, 1898, 1899, 1900, 1901, 1902, 1903, 1904, 1906, 1907, 1908 $7.50 unless they have most of the letters in liberty visible. 19 V nickels dated 1895, 1896, 1897, 1898, 1899, 1900, 1901, 1902, 1903, 1904, 1905, 1906, 1907, 1908, 1909, 1910, 1911, 1912, 1912-D $12.00 maybe more if nice condition. And 19 Franklin half dollars dated between 1949-1962 Bullion price is currently 13 times face so multiply $9.50 times 13 (less if they are worn, more if they are bu). What would that be worth to you if you were to buy them? I have not seen any pictures. I thought this might be fun for everyone to say what they thought was fair. Ill post what I paid later when I have pictures to post. The prices listed above are the current market at wholesale with retail being slightly more (maybe 25%). Sincerely, John Leckrone
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Valued Member
United States
186 Posts |
SPECK....silver nickels? Quote: A Jefferson nickel collection in a coin album, but it is missing 1939-D, and the 1950-D. it ends at 1959. That means 11 silver nickels. The rest (about 50 coins) aren't worth much more than face. I'd say 50 x 0.05 = $5. 11 x 0.75 = 8.25. With the album I'd go about $15.00 here.
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Pillar of the Community
Australia
1040 Posts |
During WWII, nickel was very much in demand. As such the composition was changed to include about 30% silver if I am not mistaken.
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Pillar of the Community
United States
4846 Posts |
exactly right latman.
but it was 35% AG
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Replies: 15 / Views: 2,496 |
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