Posted 10 years ago
Bigsarge
(139 items)
Sorry about the picture/image the last two are from Ebay the images were better.
Calling all Coin collectors especially the serious.
I have collected several coins many years ago, until I realised I was being overcharged. Most of them were bought from a company called Littleton Coin Co. I started with coins a friend was taking to the coin store to sale. I had never seen these coins and convinced him to sale me a few I believe at face Value. He gave me Morgan, walking liberty, Ben Franklin and others all dated 18/ 1900.
Not knowing anything about collecting I wanted them more for the dates. I now know the date don't really mean much. If I sale them almost all will be accepted for it's Silver or even copper values, or based on what a private collector is willing to pay.
To all collectors.
Why is EBAY used as measure for the value of everything? The prices posted are asking prices of the individual correct, which does not represent the actual value of the item? Everybody use them, individuals, GW and all so called non profit thrift stores (non profit is not a true statement when you were given the item for free then you put an Ebay price on it for profit, am I the only one on this?). Sorry I went into the weeds on this didn't I?
Anyway would you say I am better off collecting Rare coins for investment purpose or just because I like them? I have lost a few over the years, inside robbery that no one knows anything about. most likely spent at store for candy.
Are my coins worth holding onto for future grandchildren or just get rid of them now because they will never really be worth much in the future?
Please advise
From Ebay may not match mine, 1795 Letter Edge Flowing Hair Large Cent.
The Large Cent was a coin minted at a value of 1/100 of a US Dollar. The diameter was between 27 and 29 millimeters. The Large Cent was first minted in 1793, and continued in production until 1857. At that time it was replaced with the current size one cent coin, the penny. All Large Cents and Half Cents were minted in Philadelphia of copper.
Thanks Valentino
Focus, and quality over quantity, can help with putting together an investment collection. I would be more interested in seeing someone's attempt at having the largest private collection of slabbed high grade fractional gold dollars or half dimes over some shoe boxes filled with an assemblage of odds and ends.
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When researching coin prices on eBay, I click on 'Sold Listing' to see what it was actually sold for and sort the result by 'Lowest Price.' Coins very similar to the condition of yours would sell for $70-80 on eBay but, you have to consider eBay will take 10% from the final selling price.
TubeAmp, that's the kind of advise I've been lacking. I have everything from red seal two dollar bills to junk mercury dime to a few gold coins, i mean all over the place. Not to mention Hard Rock Cafe pins....
I know, it's a fine line between curating a collection and hoarding. Nothing says you can't do both, especially if the hoarding can occasionally be flipped to fund the collection. There are plenty of areas in coin collecting that offer such opportunities. Pick an area that has enough verity to keep it interesting, yet at the same time is within your budget to become a noteworthy collection now and in years to come.
T A