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Learning How To Buy A Coin Collection

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Author Previous TopicReplies: 12 / Views: 793Next Topic  
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United States
106 Posts
 Posted 11/02/2023  1:17 pm Show Profile   Bookmark this topic Add Fresh Find to your friends list Get a Link to this Message Number of Subscribers
I have an opportunity to buy a coin collection small one. The person selling it wants $1,000 for asking price they told me to make an offer and I have no idea what to offer. I was told by a couple people that I'd be lucky if I made $100 off of everything that's there.
Should I just pass?





Edited by Fresh Find
11/02/2023 1:24 pm
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Hondo Boguss's Avatar
United States
15752 Posts
 Posted 11/02/2023  1:56 pm  Show Profile   Bookmark this reply Add Hondo Boguss to your friends list Get a Link to this Reply
Fresh Find, the 1918 D over 17 and the 1937 D 3 legged Buffalo nickels are what set the value for this collection. Examine them closely to verify their authenticity and grade then look up past sales to get an idea of their value. The rest seem to be fairly ordinary circulated coins without great value.
Inordinately fascinated by bits of metal with strange markings and figures
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Cdncoins's Avatar
Canada
941 Posts
 Posted 11/02/2023  2:29 pm  Show Profile   Bookmark this reply Add Cdncoins to your friends list Get a Link to this Reply
If there's a 1937-D 3 leg Buffalo or 1909-S VDB Wheat in the pile, than maybe $1000 is justified. From your pictures I don't see any key dates and would take a pass. If they are willing to accept $100, than maybe it's worth it.
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United States
2169 Posts
 Posted 11/02/2023  3:47 pm  Show Profile   Bookmark this reply Add NumismaticsFTW to your friends list Get a Link to this Reply
I doubt the 18/7 & 3 legged are there, but I'm hoping I get proven wrong.

If those aren't the real deal, this collection isn't remotely close to $1000.

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Tacc's Avatar
United States
3341 Posts
 Posted 11/02/2023  4:11 pm  Show Profile   Bookmark this reply Add Tacc to your friends list Get a Link to this Reply
IMHO it would be hard to judge this collection's worth without having it in hand, and checking for the specific
coins mentioned above and knowing that they are legit.
Otherwise could be an expensive mistake.
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Hondo Boguss's Avatar
United States
15752 Posts
 Posted 11/02/2023  5:15 pm  Show Profile   Bookmark this reply Add Hondo Boguss to your friends list Get a Link to this Reply
There are coins in the holes for those two, but they would require close examination. It appears that they are in a Library of Coins album, so the reverse could be shown. The 18/17 would need examination with a loupe.
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hfjacinto's Avatar
United States
6983 Posts
 Posted 11/02/2023  5:32 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
The collection is not worth anywhere near $1000.

The Bison nickels are mostly common, I highly doubt that you have any that are worth alot.

Just based on what my dealer pays, the full date Bison nickels are worth 50 cents each, the Indian Head cents are worth 25 cents for any from 1909 (not S) to 1880. The other dates are worth more. Looking at the pictures some of the IHC are cleaned (harshly at that) and enviromental damage, so doubtful they even want them.

Wheaties are worth 3 cents in circulated condition. The 1909 to 1930 are worth more if S mint and are better than circulated. Also a few semi keys, but based on what I see, I don't believe you have any semi keys.

This would be a HARD pass for me. Just nothing that even merits pursuing.

I highly doubt you have the 2 key bison nickels, but if you do then still not worth $1000.
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United States
3197 Posts
 Posted 11/02/2023  6:45 pm  Show Profile   Bookmark this reply Add nick10 to your friends list Get a Link to this Reply
based on that sampling, even $100 might be too much

that would change if a key date coin is hiding within, something that can't be determined from group photos, or if there are hundreds more pre-1933 coins than you have shown us

odds alone say this group has no particularly valuable key dates
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Coinfrog's Avatar
United States
94367 Posts
 Posted 11/02/2023  8:07 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
From what I can see, $100 is too much.
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Errers and Varietys's Avatar
United States
54905 Posts
 Posted 11/02/2023  11:09 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
I would pass on this one.
Errers and Varietys.
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nickelsearcher's Avatar
United States
13259 Posts
 Posted 11/03/2023  05:24 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Really, $1000 for that lot of well worn common coins.

Hard pass for me. Stay away.
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jpsned's Avatar
United States
1954 Posts
 Posted 11/03/2023  12:11 pm  Show Profile   Bookmark this reply Add jpsned to your friends list Get a Link to this Reply
Sounds to me like they're just trying to get someone to take it off their hands and want to make a little money in doing so.

I'd offer them 50 bucks for the lot and leave it at that. That is, of course, if you really want these coins for yourself. As others have pointed out, there's nothing here of value (unless the rare Buffalos are really that). So you wouldn't be making any money, either, if you wanted to try and turn around and sell it yourself.
Edited by jpsned
11/03/2023 6:12 pm
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BadThad's Avatar
United States
19520 Posts
 Posted 11/03/2023  11:39 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Looks like common, low-grade stuff....somebody's dreaming.
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