| Author |
 Topic  |
|
|
greencopper
Penny Sorter Member
USA
41 Posts |
 Posted - 02/28/2010 : 23:38:28
|
I have a person that has a silver dollar collection that belonged to her father that she wants to sell. I have no idea how to approach this, as I don't know much about silver dollars. She gave me a partial list...
20 morgan misc dates, xf-au
20 morgan misc dates g fine
20 morgan misc dates vg fine
20 peace misc dates g vg
Can anyone give me some advise as to what to offer her?
|
|
|
garnede
Penny Collector Member
USA
386 Posts |
|
|
greencopper
Penny Sorter Member
USA
41 Posts |
Posted - 03/02/2010 : 22:36:25
|
She told me that her father paid $4000 12 years ago for these coins. Does anyone know how much they could have appreciated over the last 12 years. I want to be fare to her, but I don't want to take in the shorts either. Thanks for any help!
|
 |
|
|
HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/03/2010 : 01:04:43
|
They could have gone up, or could have gone down significantly. A lot depends on if he bought them right. Most folks pay way too much for silver dollars, either because they don't know how to grade, don't know market values, or they get talked into spending way too much. Then they think someone is trying to rip them off when offered true market value at the time of disposal. It is possible that he has some dollars of the right date and grade to come out on this.. but it is much more likely from the description that he bought 4 rolls of common dates and got taken to the cleaners. You might not want to be the one to advise her just how much this nestegg has not appreciated. You can probably hire a professional coin dealer at an hourly rate to do a proper evaluation. You could also walk them around a local coin show and get several offers before selling. If she could scan the coins, you could post the pics here and members would be able to give you better info on actual market value.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
|
|
|
NDFARMER
1000+ Penny Miser Member
USA
1197 Posts |
Posted - 03/03/2010 : 06:19:04
|
| Hoard is right if these are common dates then he probably paid too much. It all depends on the dates and mint marks. If you could at least post a list of the dates and mint marks we could give you a little better idea what they are worth. |
COPPER - the "poormans" precious metal!!!
SELLING - $100.00 face copper shipped to you for $189.00 machine rolled or bagged - PM me if your interested. |
|
|
|
beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
|
|
Dave
Penny Pincher Member
156 Posts |
Posted - 03/10/2010 : 05:40:33
|
| Looks like her father got hosed, unless he has some key dates. |
|
|
|
JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 03/10/2010 : 07:42:03
|
| I wonder if these were purchase off the TV infomercials. At $50 a morgan you should have some really nice looking coins... |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
|
|
|
|
Flbandit
Penny Hoarding Member
USA
851 Posts |
Posted - 03/14/2010 : 15:48:21
|
| Definitely look for good dates. Most any book store will have a coin magazine you can buy for 4 or 5 dollars, then sit down and go through the coins and see what you have. Grading is somewhat subjective, but just go with the grades you have for now.One easy thing to do is look at mint marks. Any CC is worth around $100.00 at least.A few others to look for are 1893 (any mint)1899 no mint mark 1902S, and 1903O. |
Are you throwing that out? |
|
|
| |
Topic |
|
Silver Dollar advise
Forum Locked
