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-   -   foriegn coins (http://goldismoney.info/forums/showthread.php?t=438756)

clyderose 01-11-2010 09:21 AM

foriegn coins
 
so I go to an estate sale a couple days ago and end up buying a semi-huge lot of coins,now all I was after was older silver american but the sellers only wanted to sell all thier fathers coins at once so I buy them all since there was alot of what I wanted.now after picking all the american I am left with about 700 coins in cardboard/plastic flips.these coins are only catagorised alphabetically and include at least thirty countries with dates spreading wildly from the late 1800's to present with the bulk being mid-century.
my questions in general are:is there an american market for these type collections? and how would one go about fixing a price without going thru research on each coin?do coins like this sell well by the pound on ebay? Just guessing I would say theres about 15 lb.this may be a time to become an ebay seller since I would have lots of small items to generate feedback.thanks for reading and any answers CR

Professur 01-11-2010 09:32 AM

Re: foriegn coins
 
Or you could just blindly sell the lot. Ballpark an average price of a dime a coin and sell it in that range. Lots of folk will buy that just to see what's what ... particularly if there's strange coins in it.

silverwood 01-11-2010 10:04 AM

Re: foriegn coins
 
Quote:

Originally Posted by clyderose (Post 2120191)
so I go to an estate sale a couple days ago and end up buying a semi-huge lot of coins,now all I was after was older silver american but the sellers only wanted to sell all thier fathers coins at once so I buy them all since there was alot of what I wanted.now after picking all the american I am left with about 700 coins in cardboard/plastic flips.these coins are only catagorised alphabetically and include at least thirty countries with dates spreading wildly from the late 1800's to present with the bulk being mid-century.
my questions in general are:is there an american market for these type collections? and how would one go about fixing a price without going thru research on each coin?do coins like this sell well by the pound on ebay? Just guessing I would say theres about 15 lb.this may be a time to become an ebay seller since I would have lots of small items to generate feedback.thanks for reading and any answers CR

Are any of these coins silver or gold? If so there will be some demand for them. If they are all base metal :signs14: then sell the whole lot on ebay excluding older dated coins( pre 1940s) that are AU or Unc and sell them individually.

CoinHunter53562 01-11-2010 01:06 PM

Re: foriegn coins
 
I would take the time to do the research. You never know what you might find, and it should be looked at as a hobby/learning experience instead of a chore.

A good, free online guide with pics and values is www.worldcoingallery.com.

Do rougly 25-30 per day as time allows and you'll be done in under a month by alloting 30 minutes a day.

I did that with my foreign coin collection and at first it seemed overwhelming, but I actually enjoyed it and learned a little along the way.

HistoryStudent 01-11-2010 04:22 PM

Re: foriegn coins
 
A wise person would follow the sound thinking above to the "T."

That means if you are not dumber than a ROCK you'd do the WALK.

(kinda rhymes, right?) :111:

Or "IF you are" then send them to me and I'll let you KNOW in about 20 years...

gunDriller 01-11-2010 04:30 PM

Re: foriegn coins
 
if you break it up and sell the pieces, like parting out a car, you will get a lot more money. and it will probably be a lot more hassle.

one idea is to use eBay or the local Craigslist. I used to sell stuff on the USENET newsgroups, in the early/mid '90's. then it was GREAT bunch of people to deal with - buyers with money, no no-shows.

I was doing some house-cleaning in 2005/6 and tried selling some of the stuff on Craigslist. A much different crowd, too many no-shows, flakes, not worth the trouble.

If it was me I'd break it up by country and try selling the lots individually. You might get lucky and have a good bunch of buyers.

Jekyll7 01-12-2010 12:02 AM

Re: foriegn coins
 
Any Australian, Canadian, or Jamaican stuff?


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