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Valuations


Lucylucy

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1 hour ago, Lucylucy said:

Hello 

Does anyone know a reputable company or individual who will give, for a reasonable fee, a valuation of mainly a fairly extensive collection of modern silver coins?

Thank you

Auction houses sometimes have valuation days, well at least the one near me does.

 

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1 hour ago, Lucylucy said:

Hello 

Does anyone know a reputable company or individual who will give, for a reasonable fee, a valuation of mainly a fairly extensive collection of modern silver coins?

Thank you

How extensive? Are you looking to sell them? Auction houses will tend to give you bottom book prices - buyers have to pay auction house fees so you might well find if you were selling you would get a better price here as there are no fees.

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 I would like a professional or knowledgeable person to value my collection  - as I  said - I would be willing to pay for this but it would seem that this service is not available. I an not keen on an Auction House valuation, however I cannot see any way past this.

I find valuing the coins very difficult. For instance what is a full date run of encapsulated 1 oz silver kookaburras worth? Or (please don't laugh) a full set of boxed Perth Mint (1/2 to 10 oz) coloured?

I do not find Ebay necessarily helpful.

Any help would be greatly appreciated.

Frank

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Try the British Numismatic society or equivalent then? Perhaps they can point you to an expert. Unless it's for insurance purposes, why would you want to value them?

Personally I believe eBay, what people pay on here and other similar platforms will give you a far more accurate figure. They are only worth what someone wants to pay for it. As I understand it the kookaburras are a good example, there was a fad for them a while back, but now, in general, they are just regular bullion. 

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31 minutes ago, Lucylucy said:

 I would like a professional or knowledgeable person to value my collection  - as I  said - I would be willing to pay for this but it would seem that this service is not available. I an not keen on an Auction House valuation, however I cannot see any way past this.

I find valuing the coins very difficult. For instance what is a full date run of encapsulated 1 oz silver kookaburras worth? Or (please don't laugh) a full set of boxed Perth Mint (1/2 to 10 oz) coloured?

I do not find Ebay necessarily helpful.

Any help would be greatly appreciated.

Frank

Hi Frank,

With respect, why do you need this information?

If you are a collector, you will know already. If a seller, it's £14.36 an ounce or more if you can find someone who wants it.

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47 minutes ago, Lucylucy said:

 I would like a professional or knowledgeable person to value my collection  - as I  said - I would be willing to pay for this but it would seem that this service is not available. I an not keen on an Auction House valuation, however I cannot see any way past this.

I find valuing the coins very difficult. For instance what is a full date run of encapsulated 1 oz silver kookaburras worth? Or (please don't laugh) a full set of boxed Perth Mint (1/2 to 10 oz) coloured?

I do not find Ebay necessarily helpful.

Any help would be greatly appreciated.

Frank

the value will depend greatly on what purpose you require it for.

if you want to sell immediately, the value will be a lot less than if you wish to sell slowly and selectively.

If you want a value for insurance, probate etc etc then it will probably be different again.

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I think you'll have problems because most dealers will consider these as bullion and not value them at anything above that.

As previously mentioned a number of auction houses\dealers will value your coins but this is usually for coins of numismatic value and not modern bullion.

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I agree with the above. Valuations may be good for numismatics but rarely for premium bullion. Haven't found any reliable source yet, at least in Europe. 

Best way is to look at eBay for similar items and ACTUAL realised prices, in my opinion. 

And for items like the ones you mention, you need time if you want to get close to their potential value. Most of the time there is the right buyer, it just takes time to find him. If you sell in a hurry, you will most definitely have a loss.

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Thanks for the advice

I was primarly concerned with avaluation for insurance.

I was disappointed to learn that my date run of Kookaburras (and presumably Philharomic, Eagles Koalas and Noah's Ark ) together with my Lunar coloured sets are only worth bullion value!

Frank

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On 17/09/2019 at 14:19, Lucylucy said:

 do not find Ebay necessarily helpful.

Any help would be greatly appreciated.

Frank

Actually eBay IS a very good gauge of current market prices for your run of the mill coins that you have indicated.

You certainly won't get more going down the auction house route, so you just need to see what is being paid on eBay and then try to sell at a similar price elsewhere,without the selling costs that eBay charges.

If you are looking to sell, I'd advise you to offer them on here at a slightly lower price than eBay, (but you'd still get more money because of not having to pay the eBay charges), and see if you have any takers. 

 

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57 minutes ago, Lucylucy said:

I was disappointed to learn that my date run of Kookaburras (and presumably Philharomic, Eagles Koalas and Noah's Ark ) together with my Lunar coloured sets are only worth bullion value!

Frank

Sadly too many people fall for the 'its worth more in a plastic slab or presentation box" racket. 

In the majority of cases when it comes to selling, you'll struggle to match the premium over spot that you paid for it. 

I wish more people would understand this, but even "experienced" forum members are still making the same mistake all the time. 

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58 minutes ago, Lucylucy said:

Thanks for the advice

I was primarly concerned with avaluation for insurance.

I was disappointed to learn that my date run of Kookaburras (and presumably Philharomic, Eagles Koalas and Noah's Ark ) together with my Lunar coloured sets are only worth bullion value!

Frank

Hi Frank

I don’t think any of the commentators here are inferring your coin collection as worth bullion Spot price- list them for that here or eBay and I’m certain they would sell very quickly.  

@sovereignsteve is on the button- it depends what the valuation purpose is for. Insurance replacement is different from intrinsic value and different again to numismatic value. 

@Roy‘s suggestion is likely,  most applicable- Spot price+.  They are worth what someone will pay you- and you won’t know that until you sell them- best guideline is eBay or auction or here on the Forum sold prices. 

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56 minutes ago, Lucylucy said:

I was disappointed to learn that my date run of Kookaburras (and presumably Philharomic, Eagles Koalas and Noah's Ark ) together with my Lunar coloured sets are only worth bullion value!

Frank

Join the club !!

I also have full date run sets of Kooks, Lunars, ASEs, Brits etc and went out of my way to get the proper fancy boxes.
Lovely sets but if I was prepared to sell I doubt there would be any premium on a complete set.
Not directly relevant but I was selling gold sets recently and ended up having to break most of them up and sell the coin individually.

As for valuation the best suggestion I have is to search GS.be and German dealers for their latest selling prices.
You could check sold eBay listings.
If you have a long date run like ASEs then check out the mintages and just search for the lowest mintage to see the comparison over the rest rather than trawl through every date.
Failing that for insurance purposes use spot + ( 30 to 40 )%.

Some sets have a rarer coin included that you must be careful to not overlook.
For example the RAM series of silver one ounce Kangaroos both carded and not carded.
Early dates can be bought for under £20 but 2007 and 2008 might cost you nearer £100
The most recent years are also premium value typically around the £40 mark.

The silver Queens Beasts - the first 2 coins, Lion and Griffin are significantly higher priced than what follows but this can change.
Another set I collected was the Canadian wildlife set of 6 one ounce silver coins and bought boxes from Germany to house each set.
At one time the first coin, the Timber Wolf was priced at almost 3 times spot and very difficult to find, then years later the price dropped dramatically but why ?

I think experts come into their own when looking at something rather rare, very old and likely to appear in a numismatics catalogue but not bullion.
You could purchase the World Coins catalogue by Krause et al but use this as a comparison / indication rather than a price list.

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Thanks again everyone.

I have 5 boxedfull sets of Perth Mint Coloured Lunar coins (1/2 to 10 oz)  which I cannot find on the Eay sold listings.I have no idea if they are worth any more than Bullion although I paid a lot more in the past.

Frank

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17 hours ago, Gildeon said:

One other way is to keep the receipts/invoices when possible. This can be a problem when you buy a lot from the forum, coin shows etc.

GOOD advice there - IT also pays (scuse the pun) - to build and maintain your own "spreadsheet" - so can quickly reference what you paid for items  - even without a receipt! 😉

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The issue boils down to what someone is prepared to pay. Occasionally on eBay you will get two or more people who want the same coin and so will pay over ++ for it. If you go to a dealer then of course they will be offering under spot regardless of whether the coin is rare or not.

A few years ago I bought a Kookaburra in its original case etc for £60.00. I wanted it to finish a specific collection. Recently I sold it on eBay because I was breaking that collection up to free funds for an investment. Most of the coins in that collection sold for far more than I paid (mainly gold!) but the Kook went for spot price. 

Another example that I am particularly fond of, is that a year ago I bought a ‘97 Britannia (Silver Proof) for £17.50 from a dealer who had it in his tub of coins. He bought it for weight and was selling at the same premium as all his other tatty 1oz bullion coins! It sold on eBay for £175. Buying and selling works both ways!!

Regardless, I think the only way to really make money buying and selling silver bullion is to commit to the long haul...if silver is at £50 an ounce in ten years time etc. then we will all be doing well.

Good luck with the valuation and I hope you manage to get a good price when/if the collection sells.

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