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So earlier today, I went over a friend's house to look at coins her father collected. She wants to sell them b/c her sister wants to get some of the money out of the coins...

so I spent 2 hours inventorying them, and came home and used a price guide to figure out the value of the coins. The value of which came to almost $20,000.

With that being said, everyone KNOWS that my friend will never get that value from a buyer.

My questions are..

#1. Is there a % that the buyer will pay (assuming it is a fair and reasonable offer) ?
#2. Isnt there a price guide that dealers use when purchasing coins of each other that is the basis of what they will pay the average person (I think it is called a grey sheet?)
#3 How do I get my hands on one of these guides to give my friend a realistic bottom line price quote?

Asher

How did you come up with $20,000? Did you grade them all?

If you used redbook then your values are way high. If you graded them yourself then unless you are really good at grading I am sure your values were high on that also. I have people show me stuff thats polished and clean and they talk about how good they think it is. greysheet is the price guide dealers use. . Ebay completed listings is also your best bet

daviscfad wrote:. . Ebay completed listings is also your best bet

+1

Heck.. Place a list here and let everyone have a look.. But I agree, redbook is way off

Here are the coins of the collection I priced. I used the price guide in the latest issue of COINage and I used the G-4 condition to price all of the coins that do not have a grade next to them.

For the coins that have a grade next to them, I used the grade that was on the 2x2, written by my friend's father, the person that amassed the collection.

Let me know what you think!

Mint Sets
1976 Unc Silver
1998 Proof
1999 Unc
1999 Silver Proof
1999 Proof
1999 Quarter Proof
2000 Silver Proof
2000 Proof
2000 Quarter Proof
2001 Unc P
2001 Unc D
2001 Silver Proof
2001 Proof
2002 Proof
2002 P& D

1998 Olympic Proof Set $1 Silver & $5 Gold
1998 Olympic Unc Set $1 Silver & $5 Gold
1987 $1 Silver & $5 Gold Mahogoney 4 coin set
1987 US Constitutional Coin Set
1992 Columbus Quincentenary 6 coin Proof/Unc Set

20-1933s Walking Liberty 1/2

10- ASE

Shield 5¢
1866 F
1867 VG
1968 VG
1869 VG
1870 VG
1873 VG
1875 VG
1876 F
1883 VG

Seated Liberty Dime
1840 F
1854 G
1856 F
1857 G
1858 G
1870 VG
1977 VG
1887s VG
1889 VG
1891 G
1891 VG

Seated Liberty Quarter
1853 VG
1876 CC G
1876 VG
1891s VG

1952 Washington/Carver
1908s Indian Head AU
1909s Indian Head AU

1925 Peace
1878 Morgan CC
1901 $10 Gold

1938 Bust 1/2 VF

1/2 Dime
1834 Unc

Std Liberty Half Dollar
1874 VG
1875 EF

1809 1/2 Cent VF
1864 2¢ VF
1865 2¢ VF

1925 Stone Mt Half Comm VF

Whitman Folders Years Missing Coins
Indian Head & Flying Eagle 0.01 1857-1909 1864L/1872/1877/1908s/1909s
Large Cent 0.01 1826-1857 complete
Liberty Nick 0.05 1883-1913 1885/1890/1912s
Buffalo 0.05 1913-1938 1913s/1913d/1914d/1917s
Roosevelt 0.1 1946-1961d
Barber #1 0.25 1892-1905 1899s/1901s/1902s
Barber #2 0.25 1906-1916 1914D
Barber #1 0.50 1892-1903 1892/1892-o/1893-o/1893s/1895/1896
Barber #2 0.50 1904-1915 complete

daviscfad wrote:If you used redbook then your values are way high. If you graded them yourself then unless you are really good at grading I am sure your values were high on that also. I have people show me stuff thats polished and clean and they talk about how good they think it is. greysheet is the price guide dealers use. . Ebay completed listings is also your best bet

ebay is a great place to value some coins but keep in mind that they are usually 12-13% higher to account for the fee's for paypal as well as Ebay. But i do use completed listings all the time to get an idea of market worth. We have a the canadian coins news magazine that comes out bi-weekly and gives not the book value but an estimate of pricing from dealer sales, wholesale prices,auction results and metal prices. i go see no one without it, or do any quoteing. i have past issue's if anyone is interested. they don't change too much from week to week or month to month for that matter.
dealing with friends is sometimes hard as you may have you head thinking the wrong way. remember that if there's losses involved you don't want them to be yours. If they are serious about selling them you may want to do it as a consignment. charge a fee for your time and energy based on sales made and you have to put up no cash. or if you want them for yourself , forget all advice cause this is where you have to think of this as not just a hobby but an investment and its your money not ours.