I was hoping on getting some help/guidance from this excellent forum.
I recently looked through someone's coin collection to see whether there were any coins I might purchase. There was not a lot in the collection of value but there was a sizable amount of 90% silver coins from Peru which, at a glance, appear to date from around the turn of the 19th/20th century (i.e., late 1800s mostly). The coins are in the following denominations: 1/2 Dinero, 1 Dinero and 1/5 Sol. The coins all appear to be circulated but for the most part are in decent condition (I have not looked at the grading scale for these coins, but I would guess they are VG or F at a minimum); none appear to be uncirculated.
I did not look at the dates and mintmarks in detail; I just looked at a few of them to figure out what they are. Based on the general description I provided, what do folks think a fair offer per coin would be? I typically would offer around melt for common foreign silver coins, but some research on ebay and NGC's site seem to indicate that the value of these is typically a fair bit above melt (melt is currently 0.72, 1.44 and 2.88 for the 1/2 Dinero, 1 Dinero and 1/5 Sol, respectively), although there are a limited number of sales on ebay, so it is hard to get a good picture of value. They guy I would be buying the coins from is not knowledgeable and I don't want to take advantage of him or rip him off. At the same time, I want to buy these at a price that will allow me to make some profit if I decide I do not want to keep them or I have duplicates.
Anyone have knowledge of these coins or thoughts in general on what I should do?
I recently looked through someone's coin collection to see whether there were any coins I might purchase. There was not a lot in the collection of value but there was a sizable amount of 90% silver coins from Peru which, at a glance, appear to date from around the turn of the 19th/20th century (i.e., late 1800s mostly). The coins are in the following denominations: 1/2 Dinero, 1 Dinero and 1/5 Sol. The coins all appear to be circulated but for the most part are in decent condition (I have not looked at the grading scale for these coins, but I would guess they are VG or F at a minimum); none appear to be uncirculated.
I did not look at the dates and mintmarks in detail; I just looked at a few of them to figure out what they are. Based on the general description I provided, what do folks think a fair offer per coin would be? I typically would offer around melt for common foreign silver coins, but some research on ebay and NGC's site seem to indicate that the value of these is typically a fair bit above melt (melt is currently 0.72, 1.44 and 2.88 for the 1/2 Dinero, 1 Dinero and 1/5 Sol, respectively), although there are a limited number of sales on ebay, so it is hard to get a good picture of value. They guy I would be buying the coins from is not knowledgeable and I don't want to take advantage of him or rip him off. At the same time, I want to buy these at a price that will allow me to make some profit if I decide I do not want to keep them or I have duplicates.
Anyone have knowledge of these coins or thoughts in general on what I should do?
