Help please, I've inherited a Coins etc hoard. Where to start?

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Help please, I've inherited a Coins etc hoard. Where to start?

Post by blackfish »

Hi Everyone,

I recently inherited this lot.

As I have not collected coins before I'm at a loss for storage and need to find them a new home.

Also is there a decent online catalogue resource I could use for Valuation ? :mrgreen:

Here are some Pics.

Showing some of the silver proofs.

Image.

Image.

Image.

Image.

Image.
Thanks
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Re: Help please I've inherited a hoard. Where to start?

Post by Global Administrator »


Has the smell of someone who visited coin shows and bought cheapie type things on sale, that glittered. :D

Unc coin sets from Macau and Jersey etc. Whoopee!

And modern Royalty and Commonwealth Games connected stuff etc, made solely to remove money from collector wallets. Double Whoopee!

Still quite some value among it all, as a fair bit of bullion melt most likely, and a bit of face in banknotes - maybe $100-$200 of things from those pix I'd guess.

But we need to see more pix to have a better idea, as it looks like a fair bit more there?

Glen
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Re: Help please, I've inherited a Coins etc hoard. Where to start?

Post by stagman »

Hi - I Would Be Keen On This Lot

Thanks Barry

email me if you want to sell ?

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Re: Help please, I've inherited a Coins etc hoard. Where to start?

Post by ViccyVFU »

Wow, some nice items there. I call these Magpie accumulations (from what you’ve shown, it’s hard to tell if they had a theme, or “just accumulated shiny things”).

The value of the whole box, to a large extent, depends on how much work YOU are prepared to do, to “deconstruct it, to create value”.

I think the Sheriff might be “a little light” on his valuation, but as we can’t see 75% of the contents, it’s impossible to be sure what final realisation could be. Even with the blurry pictures, I’d have guessed the box, with a few key items photographed (clearly!), would realise about AUD 500 at auction……. So that’s about $300 - $350 in your hand, after all the usual commissions, transport, insurance and other charges that auction houses dream up nowadays.

Why $500?…. Well the $20 NZ overprinted note, with its associated silver coin (and, I’m assuming, box and certificate) is worth that on its own, and usually more. They overprinted just 2,500 (issued 2,497) and you see them on eBay ASKING for a lot more, but very rarely getting it.

Add to that...

The 1888 Silver crown (GB) – That’s $100 coin (if real), in that condition.
The PNG 10 kina silver coin is 41.12grams of sterling silver, so that $60.
The Auckland four Commonwealth Games coins are all $25 apiece. Etc…..

Against that, there is a lot of “debris” that has been accumulated (and no one likes “buying work to do”), so you bear a penalty by offering them in a mixed lot, as buyers factor that effort into their bid.

For example, the Macau coin set, the Last LSD set (GB) and the Fanfare for Europe 50p (GB) are all fodder, as will be many of the crowns / equivalents that are in base metal, and are neither proofs nor boxed. Almost always “Less is more”, especially with the better items.

So, what should your next steps be? Well, it depends..... on YOU and YOUR circumstances.

If you have time to kill (i.e. on Furlough / retired etc), or are curious …. And are not daunted by selling things on eBay, or here, or other outlets, then you should create a plan of action.

If you are “time poor”, then consider going to a free valuation day at a local specialist auction house. (Once, and done, as they say).

If $100 of your time can be spared, then “make a manifest”.

You’ll be glad you did, as that will add direct value to the accumulation.

There are five, or so, markets you will be selling into:

1) Collectables – The “oooooh, shiny” people. For them, completeness of sets, and certificates / cases are important.
2) Bullion – The “stackers”. For them, the “metal content” and “closeness to bullion value” are important drivers.
3) Note collectors – Usually only interested in uncirculated notes, but make exceptions for rarities.
4) Coin collectors – Condition and authenticity are key. A lot of fake/copy 1888 Crowns exist, so you will need to research how to test for genuineness. (Diameter, thickness, weight etc).
5) Currency – Your last port of call – I see a lot of NZ currency that should never be worth less(‘ish) than face.

Your manifest should list each item / set, metal type (gold, silver, platinum etc), condition, cert of authenticity, case included (i.e. completeness).

Then go onto eBay, and look up each item
a) First for the ASKING prices (as a range Low to High), then
b) Completed items for the ACHIEVED prices.
c) (The wording others use to achieve sales can also help greatly when creating your own listing).

For any item you cannot track down on eBay (or Google), post a detailed picture here, but please make sure we can read the date. (To give you an example, the 1888 UK crown comes in narrow date and wide date format, and the price differential is substantial).

From this manifest, you can arrive at what your disposal plan should be….

There may be several items with an expected realisation value over $50. You may wish to sell / offer these separately.

There may be a whole box of $10 items, in which case, you may choose to “block dispose”. (Remember that block disposal only achieves maybe 10-20% (if you are lucky) of the cash YOU could have achieved yourself, if YOU put the effort in, but a lot of the cost of sales is hidden in extra "carriage" and "time" to achieve the sales

“Those that do the work deserve the reward”

One thing you can be fairly sure of is that 80% of the value will be in just 20% of the materials, so you can dramatically save space by just “getting rid of the fodder”.

Assuming there is no buried gold in the box, and relevant certificates, and cases are present (just not photographed), I’d suggest you might achieve a total realisation of maybe five to ten times the Sheriffs ballpark, but it will involve an incredible amount of work (i.e. time).

He gave you a commercial quote based on what he could see, and the work involved… and nowadays a huge part of the value rests “in the work necessary to achieve sales”.

Remember also that coins are HEAVY, and that selling and shipping costs of “fodder, individually” usually amounts to a zero sum game, when all costs are accounted for (Including your time). (Ever wondered why Glen sells his “toxic waste” as one lot?)

And if you do sell bulk for quick cash, then sit back and watch someone else reap the rewards of all THEIR hard work, please don’t say I didn’t warn you!!

Hope this is helpful.

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Re: Help please, I've inherited a Coins etc hoard. Where to start?

Post by ebay »

Good to see you back on the board ViccyVFU

seems like you hadn't been on in several months.
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Re: Help please, I've inherited a Coins etc hoard. Where to start?

Post by mmaddury »

ViccyVFU wrote:
04 Aug 2020 22:54
...
An excellent post - provides a clear summary of various approaches and the associated pros & cons. (Trimmed the quote so as to not clog up the thread with no new information..)

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Re: Help please, I've inherited a Coins etc hoard. Where to start?

Post by nota bene »


The advice posted by ViccyVFU is solid.

If you are not really sure what it is that you have, and have no experience in grading coins or notes I would not really suggest going down the route of trying to sell stuff individually yourself. Also doing too much research is going to be a massive time consuming event, without a much clearer picture (you need to learn how to spot varieties, replacement notes, signature varieties etc. etc.).

If you feel like it you can take 10-20 pictures more and post here so we get a better idea of overall contents.

It is for sure 100s (could be 1k+ depending on how much is hidden) of AUD just in silver content and face value content, plus there looks to be some stuff of at least small collectible/numismatic value, although not much of what I can see in these couple of pics.

I am a full time dealer/auctioneer in coins/stamps, and a collector as well. Send me a message if you want recommendations where in Sydney area to offer this stuff. [Under normal travel circumstances I would offer to take a look, but now I'm unlikely to make it to Aussie until next year virus permitting... Under normal circumstances I go 2-4 times per year to Sydney for auctions or holiday]

The least troublesome options for you would be either to give it to auction, or sell it outright to a dealer/collector. The advantage to go to a dealer/collector is that they will pay immediately, while auctions take months and months until they happen and pay you. For material that is primarily face value or bullion (silver/gold) value it is a better idea to sell it outright, as in auction you will just end up paying commission for items that have a very well established value and you will get reasonable cash offers for from dealers.


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Re: Help please, I've inherited a Coins etc hoard. Where to start?

Post by blackfish »

Well thanks to you all for the solid information.

I have decided to work through these coins.

Below is an image of 1971 Denver minted half dollar struck on 40% silver pt.

Apparently this coin wasn't supposed to be silver as they ceased in 1970.

And has attracted an auction premium of $US 6000 ?

What are your thoughts?

Image

Regards
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Post by nota bene »

That is a common CuNi coin - still only worth face value.

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Re: Help please, I've inherited a Coins etc hoard. Where to start?

Post by stagman »

Hi Can You Post A Pic Of The Edge Of The Coin ?

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Post by blackfish »

Here are the edges.

Image
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Re: Help please, I've inherited a Coins etc hoard. Where to start?

Post by stagman »

They Look Like Common One To Me As Well .

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Post by blackfish »

Here are a few more.

Probably should have posted single images.

Image

Image


Image

Image


Image

Image

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Re: Help please, I've inherited a Coins etc hoard. Where to start?

Post by CMJ »


Moderator Comment

blackfish,

Images must now be uploaded directly to Stampboards from your device.

Here, is a link to a tutorial showing how that can be done.

Test and post your images direct onto June 2020 NEW Stampboards

Please do not use any external image hosting sites like IMGUR as you are doing.

Thank you.


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Post by blackfish »


Here is a coin I have tried to identify.
Country: Japan. Emperor Meiji era 1867 - 1912.
Year 3 (1870) Circulated coin. Ag .999
Type ? CV ?
Feel free to comment.

Japan 1870 1 Yen. Obverse: Dragon within beaded circle, legends above, written value below. Reeded edge.
Japan 1870 1 Yen. Obverse: Dragon within beaded circle, legends above, written value below. Reeded edge.
.
Reverse: Sunburst crest within beaded circle and wreath, chrysanthemum between two paulownia flowers above.
Reverse: Sunburst crest within beaded circle and wreath, chrysanthemum between two paulownia flowers above.
.
Thanks for looking.
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Post by Pampstamp »

.
I hit the jackpot in this inherited small coin collection. :D

The bulk of the collection was mostly stamps but this was tucked away in the hoard!!

I really didn't discover it until Covid lockdown!! :lol: :lol:

The value is in the 3 kangaroos. Is there any premium other than the gold value.

The 1911 George V coins what are they worth?

I will post the collection in three lots :D


coin3.jpg
Coin4.jpg
coins1.jpg
coins2.jpg
coin5.jpg

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Post by Pampstamp »

Part 2 of the collection

coin6.jpg
coin7.jpg
coin8.jpg
coin9.jpg
coin10.jpg

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Post by Pampstamp »

Part 3
coin11.jpg
coin12.jpg
coin13.jpg
coin14.jpg
coin15.jpg
coin16.jpg

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Re: Help please, I've inherited a Coins etc hoard. Where to start?

Post by Global Administrator »

Pampstamp wrote:
20 Sep 2020 18:47

The 1911 George V coins what are they worth?

They are gold sovereigns or half sovereigns. Serious bucks there,
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Post by Pampstamp »

Global Administrator wrote:
20 Sep 2020 19:22
Pampstamp wrote:
20 Sep 2020 18:47

The 1911 George V coins what are they worth?

They are gold sovereigns or half sovereigns. Serious bucks there,
To be honest I had NO IDEA on the price of gold until recently :oops:

The 1 ounce Roos are worth almost $2700 aud each on gold content alone!! :lol:

The gold 1911gold sovereigns are are worth around $800aud just on gold content.
Not sure if they are scarce?1911 just seems old.

I cant believe silver in comparison is only $37 aud per ounce??

Not sure what the pennys, PNC and medallions are worth if anything?

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Post by nota bene »

blackfish wrote:
20 Sep 2020 11:33

Here is a coin I have tried to identify.
Country: Japan. Emperor Meiji era 1867 - 1912.
Year 3 (1870) Circulated coin. Ag .999
Type ? CV ?
Feel free to comment.


Image.
Image.
Thanks for looking.
The resolution of the picture is not good enough for me to tell if genuine or not. There are plenty of fakes. A genuine one trades around the 400-500 AUD mark retail. My guess is that it looks fake. I don't like those missing pearls.

From your pics of the US dollars and half dollars one of the two morgan dollars is a clear old fake. The other one is nice UNC, but not rare or particularly valuable.

Others in that pic are just silver value or face value.
.

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Post by nota bene »

Pampstamp wrote:
20 Sep 2020 20:23
Global Administrator wrote:
20 Sep 2020 19:22
Pampstamp wrote:
20 Sep 2020 18:47

The 1911 George V coins what are they worth?

They are gold sovereigns or half sovereigns. Serious bucks there,


To be honest I had NO IDEA on the price of gold until recently :oops:

The 1 ounce Roos are worth almost $2700 aud each on gold content alone!! :lol:

The gold 1911gold sovereigns are are worth around $800aud just on gold content.
Not sure if they are scarce?1911 just seems old.

I cant believe silver in comparison is only $37 aud per ounce??

Not sure what the pennys, PNC and medallions are worth if anything?

You have good value there because of the gold for sure! (And a few hundred bucks in silver)

Else there is virtually no collectible value to the medals, FDCs with coins etc. That is all stuff that goes into bargain box material as a coin dealer.

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Post by The Pom »

nota bene wrote:
23 Sep 2020 18:13


Else there is virtually no collectible value to the medals, FDCs with coins etc. That is all stuff that goes into bargain box material as a coin dealer.
The FDCs with coins/medals/tokens etc can actually be worth a bit:

https://stampsaustralia.com.au/Online_stamps_shop/query/Aust ... Portfolios

Obviously, this is retail, and what you'd get is rather less, but they're still better than dollar bin fodder.
Always on the lookout for Australian pre decimal First Day Covers.

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Post by Pampstamp »

Thanks The Pom for the link :D

Most are limited to 10000-20000 !!
Not my area , I will see how I go

Cheers

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Post by satsuma »

The 1911 sovereigns scan aren't clear enough to easily see the mint marks.

Be aware that the product of the different mints aren't necessarily the same value even for the same year.

I can see a Perth mint one for sale for a bit over A$1000 but selling to a dealer will get you less than that.

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Post by Global Administrator »

.
I can 99.9999999999999999% guarantee the Sovereigns are scrap bullion. Not too shabby these days. :lol: :lol: :lol:

The PNC might sell at $100 or so the group. Much of this era is landfill so cross your fingers. :mrgreen:
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Post by Pampstamp »

satsuma wrote:
26 Sep 2020 11:54
The 1911 sovereigns scan aren't clear enough to easily see the mint marks.

Be aware that the product of the different mints aren't necessarily the same value even for the same year.

I can see a Perth mint one for sale for a bit over A$1000 but selling to a dealer will get you less than that.
Well here they are close up!! (the notation next to 1911 is EF)

I have NO idea , but scrap bullion is still OK :lol: :lol:
Coin4a.jpg
coin4b.jpg

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Re: Help please, I've inherited a Coins etc hoard. Where to start?

Post by JohnB »

Hi, have you weighed the gold sovereigns/half sovereigns? (It is difficult from the images to work out which.) 4 grammes for a half, and 8 for a full.

The mint mark is above the date, just below the dragon. I can see a P? for Perth mint on one of them. No mint mark is London.

My ageing catalogues show no difference in value for any of the mints, either full or half sovereign. If this is still the case then bullion is the way to go as condition is not great anyway.

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Post by Pampstamp »

JohnB wrote:
27 Sep 2020 03:38
Hi, have you weighed the gold sovereigns/half sovereigns? (It is difficult from the images to work out which.) 4 grammes for a half, and 8 for a full.
They are full sovereigns 8 grams each. :D

The difference in the 1 ounce Roo is stark!! 31 grams

Cheers

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Re: Help please, I've inherited a Coins etc hoard. Where to start?

Post by blackfish »



Here are a few banknotes from the collection.
From today's spare time.
HK001.jpg
HK001b (2).jpg

HK002.jpg
Hk002b.jpg


Japanese Occupation
Japokww01.jpg
Japokww01b.jpg

Japokww02.jpg
Japokww02b.jpg

Japokww03.jpg
Japokww03b.jpg
Thanks
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