Coins at an Estate Sale

[snizzard]

I'm thinking about going to an estate sale this weekend.
They are selling everything on the property, including the property.
Tractors,a car,a truck, a bass boat, furniture, everything in the house and garage.
They also have some coins.
Do you think its worth my while to go to it? The coin in the middle is a 1901"O" barber half dollar worth about $60.

 

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[jeff of pa]

if you have nothing else to do you may as well try.

unfortunately around here there are Too many
Uninformed Bidders.
They see old & Think Valuable.
they start Bidding Frenzies, Each thinking the other one
Knows something they don't.
so much so, that dealers complain
they can't pick up anything
because they are being outbid
on coins they can't get rid of in their
shops for half the price.

maybe you'll get lucky and won't
have much competition.

 

[snizzard]

I've never been to one of these things so it could be interesting at least.

 

[Mackaydon]

Absolutely; go! Take your reference book, get there early, inspect the lots and good luck with your bidding.

 

[fortbball9]

Go and pray for rain,might keep everybody else home.
Good luck,keep us informed

fortbball9

 

[taropatch]

if you have nothing else to do you may as well try.

unfortunately around here there are Too many
Uninformed Bidders.
They see old & Think Valuable.
they start Bidding Frenzies, Each thinking the other one
Knows something they don't.
so much so, that dealers complain
they can't pick up anything
because they are being outbid
on coins they can't get rid of in their
shops for half the price.

maybe you'll get lucky and won't
have much competition.

Frenzy is a good description. I went to one, watched common circulated Morgans go for $25-30, and never went to another.

 

[jeff of pa]

if you have nothing else to do you may as well try.

unfortunately around here there are Too many
Uninformed Bidders.
They see old & Think Valuable.
they start Bidding Frenzies, Each thinking the other one
Knows something they don't.
so much so, that dealers complain
they can't pick up anything
because they are being outbid
on coins they can't get rid of in their
shops for half the price.

maybe you'll get lucky and won't
have much competition.

Frenzy is a good description. I went to one, watched common circulated Morgans go for $25-30, and never went to another.

Yep & them same People will not walk into a dealer
& Pay $15.00 For Common dates
Because they think the dealer Is Making Too much off them

 

[mlayers]

I have done real good at auctions and then i have been to auctions and not bought a thing because prices was way to high. You could get lucky at this time and get some great deals...Matt

 

[snizzard]

Went to that estate sale today, and prices seemed high. I bid on an 1884 2 cent piece, it sold for $30. 15 lots of wheat pennys went for $25 each.
Morgan dollars were $10-20 each. I only bought 1 coin. Didn't know what it was at the time. Big & silver, paid $10. Looked it up & it's called "the most
famous coin in the world" worth about $11 in silver. I thought it was pretty much a waste of about 3 hours. I should have went detecting!

 

[MD Dog]

Go right down the street to the 2 or 3 yard sales that are bound to be there and you'll do better. Just ask about old coins and jewelery.

 

[allen]

always do your research before buying any coins !

 

[dp2013]

One thing to remember about "estate sales" is that they are sometimes "salted". By that I mean the companies that put on estate sales carry the same merchandise from place to place much like a regular retailer. Not all sales are done this way-- just be careful.

 

[jeff of pa]

Not sure about That Going on Here

But some do have Shills
Bidding people up.

you can usually tell because they don't buy just bid.
and when caught off guard
and win they turn and walk and the auctioneer
acts confused pretends it was his fault,
apologizes and restarts but dosn't complain.

if this happens with a real bidder they are either forced to
take it or reamed out publically.

yes it is illegal but they do it

 

[HolyDiver]

I say go for it. Nothing to lose.