Rare coin question

[cache finder]

How do people sell rare coins to private collectors? How do you find such private colloectors? For coins $2million and up?!
Just curious if you could point me in the right direction.

 

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[TerryC]

Cache, easy. Call one of the larger, reputable coin dealers and ask how to sell your rare coins. They will offer or steer you to a buyer/dealer. ╦╦Ç


EDIT: Be sure you know the back round of you coins before you turn them over to ANYONE. They may be held up in limbo until its history is ascertained. (stolen coin collections are big business) ╦╦Ç

 

[Mackaydon]

Some sellers submit their coins to highly reputable auction houses; like Heritage Auctions: https://www.ha.com/
Don.......

 

[cache finder]

Cache, easy. Call one of the larger, reputable coin dealers and ask how to sell your rare coins. They will offer or steer you to a buyer/dealer. ╦╦Ç


EDIT: Be sure you know the back round of you coins before you turn them over to ANYONE. They may be held up in limbo until its history is ascertained. (stolen coin collections are big business) ╦╦Ç

I was wondering black market. Not stolen coins. Just coins the government doesn't want people to have.
So auction sites are off the table.

 

[ChampFerguson/TN]

I was wondering black market. Not stolen coins. Just coins the government doesn't want people to have.
So auction sites are off the table.

The only ones that meet that definition that I know of are coins that got into private hands by following Mint employees home. Is that what we are discussing?

 

[Honest Samuel]

I was wondering black market. Not stolen coins. Just coins the government doesn't want people to have.
So auction sites are off the table.

what coins are those?

 

[TerryC]

I was wondering black market. Not stolen coins. Just coins the government doesn't want people to have.
So auction sites are off the table.

I don't know too much about "black market" coins. I would think the powers to be would sniff out a problem with coins that just are not in the usual venues. They struck something like 20 1943 pennies before seeing the goof and changing to steel. I THINK those were deemed illegal to own. I don't know. ╦╦Ç

 

[ChampFerguson/TN]

No, those 43 Cu cents are fine as they were released into circulation. Recently theres been some rulings about ownership where years and years ago great grandpa brought home 5 of the only known variety that were never released. The Mint took the position that they were stolen property and the Court agreed.

btw OP, if you are serious, you are committing an additional crime of Conspiracy and probably on a federal level as well if it involves US coins.

 

[seekerGH]

How do people sell rare coins to private collectors? How do you find such private colloectors? For coins $2million and up?!
Just curious if you could point me in the right direction.

I was wondering black market. Not stolen coins. Just coins the government doesn't want people to have.
So auction sites are off the table.

Funny thread.

TNET is a very, very popular searched website. More than a few have had visits after their posts, no matter how cute, or dumb.

 

[huntsman53]

I was wondering black market. Not stolen coins. Just coins the government doesn't want people to have.
So auction sites are off the table.

Must be Coins that double as Assault Weapons because I don't know of many coins that fit the category you are referring to except the 1933 Gold Double Eagle and the 1913 Liberty "V" Nickel and it is doubtful that there are more of them that are unknown!


Frank

 

[Kurios1]

No, those 43 Cu cents are fine as they were released into circulation. Recently theres been some rulings about ownership where years and years ago great grandpa brought home 5 of the only known variety that were never released. The Mint took the position that they were stolen property and the Court agreed.

btw OP, if you are serious, you are committing an additional crime of Conspiracy and probably on a federal level as well if it involves US coins.

Uh, hmm, I don't have ANY old coins, or silver, gold, etc. I only have rusty iron and aluminum can shards. I SWEAR!!!

 

[cache finder]

Lmao. I'm having a discussion with a friend about them. If I had some good coins the last place I would post would be online. Lmao.
Just like finding a can full of gold coins, only a free close friends would know. I don't share good caches

 

[ChampFerguson/TN]

Good to hear.

I would add that I was of the same mind on keeping my mouth shut if I found something like the Saddle Ridge Hoard until I realized that the publicity of the find made it something like 10x more valuable than just discretely selling the coins off 1 at a time.
(btw, I'd bet a lot of money that those weren't found near anything named 'Saddle Ridge' )