Sell for melt or try to sell for numismatic value? *Now for sale in classifieds
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  1. #1
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    Sell for melt or try to sell for numismatic value? *Now for sale in classifieds

    Hey folks!
    Having to sell more stuff and figured I would ask here before selling.
    I have about 6 oz of silver coins (50%) from New Zealand. They are from the 30's and 40's, from 3 pence up to the large florin coins. All are in really good to fine condition, and a couple look mint to me.
    Question is, would I be a fool to sell for scrap? Or maybe sell as one lot, or sell individually? I have to have another surgery, and the wife still cannot find work, so we are really strapped for cash...
    We actually applied for food stamps, and although we have sold about everything (including my wife's car), they said we make too much I get $1625 a month, and just our insurance premium is $1300.... Do the math. Sorry for the venting, but I guess we speak the wrong language....

    Anyway, any opinions on what to do with the coins would be greatly appreciated!
    You never think you need an extra machine, until the one you have breaks down...

  2. #2
    us
    Tuberale

    May 2010
    Portland, Oregon
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    Re: Sell for melt or try to sell for numismatic value?

    Sorry to hear of your cash-strapped status.

    If it were me I'd try to sell them as a lot, with as many pics as Ebay would let me. Also, may have more value in NZ than here, so be sure to allow for NZ/Australian bidders.

  3. #3
    us
    DFCA

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    Re: Sell for melt or try to sell for numismatic value?

    I'm not sure about the silver content but, check that and see if melt would be worth more than face value. if you try to sell them as collectables you could be waiting for a while to find the best price. good luck in whatever you do

  4. #4
    Charter Member
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    Re: Sell for melt or try to sell for numismatic value?

    I checked all the coins, and although I have a slew that are copper or bronze, etc., the ones I am talking about all are 50% silver according to the web... Approx 6 oz total.. So if I send them in for scrap, I will get 90% of 3 oz of pure silver... I think the eBay lot is a good idea, even with fee's, should get better than melt.. Sure would hate to see these old, and some darn fine ones, get melted down..
    Thanks guys!
    You never think you need an extra machine, until the one you have breaks down...

  5. #5
    us
    DFCA

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    Re: Sell for melt or try to sell for numismatic value?

    before you go ebay, I'd check with some local buyers to see what they would offer. the money is cash, no waiting, and best of all no fees

  6. #6
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    Re: Sell for melt or try to sell for numismatic value?

    By local, you talking coin shops, or the people who buy scrap?
    I know we don't have a coin shop, not sure about Sebring.... Thanks for the help bud!
    You never think you need an extra machine, until the one you have breaks down...

  7. #7
    us
    DFCA

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    Re: Sell for melt or try to sell for numismatic value?

    could try a pawn shop too or a jewelery store

  8. #8
    us
    Jul 2011
    500

    Re: Sell for melt or try to sell for numismatic value?

    Try selling them on craigslist, no fees and no waiting for payment. Ill look in my books right now and see if I can find a value for you. If you could throw up some pics, I might be able to help.

  9. #9
    Charter Member
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    Re: Sell for melt or try to sell for numismatic value?

    Will get som pics up with dates and type of coin... Thank you so much!
    You never think you need an extra machine, until the one you have breaks down...

  10. #10
    us
    Jul 2010
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    Re: Sell for melt or try to sell for numismatic value?

    Post them for sale here in the classified section. I've had good experiences with the members here and everything that I have offered for sale here has sold.


  11. #11
    Charter Member
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    Re: Sell for melt or try to sell for numismatic value?

    Quote Originally Posted by Silver Surfer
    Will get som pics up with dates and type of coin... Thank you so much!
    Will be waiting for those dates and types. We'll figure out what you got, make sure you don't mess up by selling for scrap.

  12. #12
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    Re: Sell for melt or try to sell for numismatic value? *PICS ADDED*

    Well, not feeling the best today but took a few pictures and will also post the coin/date... A couple of them are British coins I believe, since they dont have NZ on them. A couple are also most likely Australia, since they do not have NZ on them, but have Kangaroo and Emu on them..
    Also in the mix is a canadian Half from 1945, and a british 3d (whatever that is) from 1900...
    Dates/Coin

    NZ Florin- 1943
    NZ Half Crown(s)- 1943, 1935
    Australian(?) Florin- 2 shilling 1926
    NZ Shilling(s)- both 1933
    NZ Sixpence- 1943 (4)
    " " - 1942 (2)
    " " - 1939
    " " - 1937 (3)
    " " - 1936 (3)
    " " - 1934 (7)
    " " - 1933 (5)
    NZ 3d - 1943
    " " - 1940
    " " - 1937
    " " - 1933 (2)
    Victoria (British?) 3d- 1900

    Pic's again are not that good, coins are dirty but of course, not going to clean them. But it looks like it is just gunk, most coins are in very good condition and many (if not most) are in near mint condition as far as wear goes. Very crisp lines, etc...
    Also posting the Coppers that I also have, but didnt mention as I figured most people only want silver.. I can add specifics on them if anyone is interested.

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    You never think you need an extra machine, until the one you have breaks down...

  13. #13
    us
    Jul 2011
    500

    Re: Sell for melt or try to sell for numismatic value? *PICS ADDED*

    I want to start off by saying, that you should wait for a second opinion, as my catalogue is almost 2 years old and prices may be up significantly. It doesn't appear that you will get much of a premium over spot, unless you find someone that collect NZ coins. I would try to sell them yourself on cl or ebay until you really need the cash. Even a day or two up for sale might do the trick. Your coins, for the most part, seem to be in good condition, so if you find that guy, you might do ok. I wish you the best of luck, god bless.

  14. #14
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    Re: Sell for melt or try to sell for numismatic value? *PICS ADDED*

    Thanks for the help and best wishes... Will probably try eBay as you suggest... Even if I only get melt, it will help..
    I will possibly post them on this board in classifieds for a few days first and see if anyone is interested.
    You never think you need an extra machine, until the one you have breaks down...

  15. #15
    Charter Member
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    Mar 2009
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    Re: Sell for melt or try to sell for numismatic value? *PICS ADDED*

    Quote Originally Posted by Silver Surfer
    Thanks for the help and best wishes... Will probably try eBay as you suggest... Even if I only get melt, it will help..
    I will possibly post them on this board in classifieds for a few days first and see if anyone is interested.
    Post them in the Classifieds as a lot for silver melt value as melt value is more the numismatic value right now. You will make more money here in the classifieds rather on ebay as they will charge you around 12% and that's not including shipping, also you may not get full value seeing they are foreign coins. Charlie

    P.S. The 3d is three pence (3 pennies) and that is the small silver one. I have two rolls of these but there the British ones.

 

 
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