how value a collection of inherited coins in a coffee can?

[pulltabfelix]

this lady wants to sell me a coffee can full of inherited silver coins.

should I just offer her the blue book value depending on the condition of each coin?

Would that be fair to both of us?

John

 

Amazon Forum Fav 👍

A History of Mining on the Kenai Peninsula, Alaska - Grab it through Amazon!

[Tpmetal]

this lady wants to sell me a coffee can furl of inherited silver coins.

should I just offer her the blue book value depending on the condition of each coin?

Would that be fair to both of us?

John

I would add all those values up. Then remove a percentage for making a large one time purchase of all the coins for her. Otherwise its a lot of legwork to sell each coin to try and get those values. So you should get incentive to buy everything by having a slightly lower price.

 

[Diver_Down]

99% likely that you will be buying common 90% silver coins. You should do a quick search and separate those that would be AU or have actual Numismatic value (Maybe there are full date SLQ(s); Full Liberty Barber(s); Seated(s)). Stand tall on the remainder with a 10x face offer. The other select coins go ahead and offer blue book or other mutually agreed upon price.

The driving factor shouldn't be for what profit you can flip the coins for in the short term. But the motivation is to acquire coins that have not reached the market in decades and to be a stand-up guy.

 

[Dozer D]

First I would take a good look inventory of what's in the can, don't offer her any $ blind. On everything below AU or an MS63 grade go at 10x FV, any exceptionally high grades go a conservative 1-grade below of what you grade it as, then BLUE BOOK VALUE.
However, only if YOU want them in your collection inventory, or just as junk silver. There is a difference. And, could you afford them without putting a drain in your cash., or do you plan on flipping the coins.
I had a similar situation last year ( see my mid year post ) of where I gave an in depth grade to about 80 Morgan's, Peace, ASE coins, turned out that they graded so high that I couldn't even afford them at BLUE BOOK.

 

[Peyton Manning]

Weight the can and offer melt value

 

[port ewen ace]

my LCS pays 8X face or grey sheet for better issues

 

[jeff of pa]

if It's Not too late, No more them Silver Value Each.

Silver Coin Melt Values with Live Silver Prices - Coinflation

You would still be Paying more than any Dealer would.
Maybe Calculate all Then Round Down to an Even Number.

My guess Dealers would pay anywhere from 50% to 90% of Silver Value depending on Character.

For Quick Bulk Calculations, Try this

http://www.coinflation.com/coins/silver_coin_calculator.html

 

[Mackaydon]

Ask her what she wants for the collection would be my first response to her invitation to you to make a bid.
Don......

 

[pulltabfelix]

99% likely that you will be buying common 90% silver coins. You should do a quick search and separate those that would be AU or have actual Numismatic value (Maybe there are full date SLQ(s); Full Liberty Barber(s); Seated(s)). Stand tall on the remainder with a 10x face offer. The other select coins go ahead and offer blue book or other mutually agreed upon price.

The driving factor shouldn't be for what profit you can flip the coins for in the short term. But the motivation is to acquire coins that have not reached the market in decades and to be a stand-up guy.

Basically for my collection as a hobby/investment. Also want to be totally fair with these people since they live close buy and know my friends. No matter, I want to be fair with anyone. I had a good boss many years ago, he said: any deal that is not a fair deal to both parties is not a good deal. And I agree.

 

[Dozer D]

Pull tab: I whole heartedly agree with your FAIRNESS ATTITUDE to offering a fair & square deal. Your being HONEST in every way. Congrats to you and your logical thinking.

 

[Professor of Engineering]

I Agree! :"any deal that is not a fair deal to both parties is not a good deal."