Selling Silver dollars to provident (grading)

[mflugher]

So we bought a few hundred silver dollars the other day and as much as I'd love to be able to hold them indefinitely in the stack, I think we need to liquidate at least half of them. Of course I will look here for alternative buyers however, I'm more interested in the process of selling to a place like provident.

I see they pay different prices for different graded coins.

seems they have a few levels right now for morgans 1921:

Cull: $16.97
average circulated: $18.22
Almost uncirculated: $22.25
Brilliant uncirculated: $29.00

and pre 21 morgans have even more classes:

good: 19.97
vg vf: 22.23
xf: 25.23
AU: 33.00
BU: 38.00


So I have in front of me a stack of appx. 200x coins, and I have no idea if I send them in will I get $3400, or will I get $7600? I mean obviously some are more worn than others and I can probably sit down and use pcgs photograde to come up with my own opinions... But I'm sure providents staff will have different opinions on some if not all the coins.

So I'm hoping someone who has done this before can tell me how it went with them? were you dissapointed by the classifications given? were their opinions reasonable? Did they just pay the cull price on the whole lot and send you a note that you are SOL? Should I even bother to grade beforehand?

Tips appreciated... No offers at this time as I am still debating on selling them. I do know someday i will have to sell some morgans to provident or something in the same vain... would like to know upfront how others have found their service?



thanks in advance

Mflugher

[mflugher]

Also how can I tell the diff between AU/BU on a toned coin? I know I can look for the "cartwheel" on the coins which still have the silver finish, however I find the toned coins to be less easy to establish.

Thanks again for any help.

[highroller4321]

I have not sold them dollars before so I do not know their process, but my guess is they aren't going to pay you different for each dollar.

If you send in 200 dollars and 180 of them are VG and 10 are XF my guess is you will get the VG price for all of them.

[beauanderos]

Send them all to Rodebaugh, ask him to loosely grade them into various piles and then bag and label them accordingly and ship them back.
Pay for shipping both ways, and ask him if he would be gracious enough to "grade" them in exchange for letting him keep one or two of
any of his choice of the BU items. It would be well worth your cost if he were willing to comply, and might be fun for him to search a trove
without any associated cost to him other than some of his leisure time.

Also, write to them and ask them to explain the process. It never hurts to ask.

good luck

[Diggin4copper]

Group buy! Im in... seriously, Ill buy some

[christostock]

No group buy!!!
I will take them all

[Morsecode]

I have not sold them dollars before so I do not know their process, but my guess is they aren't going to pay you different for each dollar.

If you send in 200 dollars and 180 of them are VG and 10 are XF my guess is you will get the VG price for all of them.

Yep, this is it. You'll get a quick glance and "neighborhood" pricing. Forget $38 BU, unless the coins are slabbed MS60 or better.

To test this you might select 20 of the worst ones, then add 5 you think are at least Fine. No doubt you'll get the cull price. MAYBE a little better.

Way back I sold off a group of Morgans to a national buyer who advertised similar buy pricing. "Average circulated" is what I got for the 7 rolls...there were no culls and plenty of xf-au.

[Rodebaugh]

options to move:

Put together a lot of 20-50 coins. take a pic front and back post a bst and get what you want.
folks here can smoke boxmart prices.....and others can nuke um. Rinse...repeat.

Sell to boxmart for a price that they want.

Underlined as to help show who has control of the deal.


PS.....Buy a RC calendar.

[AlexTG]

Sell them in lots on RC. 100% chance of getting better prices here.

[pennypicker]

Sell them in lots on RC. 100% chance of getting better prices here.

I agree. But remember " a picture is worth a thousands words". Nice obverse and reverse pictures of small group lots will pay big dividends. We Morgan collectors like to know exactly what we are buying

[mflugher]

Thanks for all the kind suggestions and offers.

I sold about 400 ozt of generic silver out of my collection which enabled me to keep the Morgans so nothing for sale now...

[highroller4321]

Thanks for all the kind suggestions and offers.

I sold about 400 ozt of generic silver out of my collection which enabled me to keep the Morgans so nothing for sale now...

We would have bought the generic too.

[mflugher]

prob not at apmex sell price like I got. However I do intend to start doing more business here

[silverstacker]

Thanks for all the kind suggestions and offers.

I sold about 400 ozt of generic silver out of my collection which enabled me to keep the Morgans so nothing for sale now...

We would have bought the generic too.

+1 that's a fact. Keep the boards active

[db23]

I sold 300 Morgan / 100 Peace dollars to Provident about 15 months ago. I had the same thought as you that I could just get hosed with their grading, turned out the complete opposite than I thought it would. They came back with better grades than I'd have given the coins.

[mflugher]

Thats good to know db thank you.