What to do with old coins graded by David Hall and IGA 0

[cactusjack55]

I have a handful of coins graded by David Hall in the blue flips, as well as some graded by IGA from the 1980s.  See attached for a few examples.

Does anyone have experience selling coins like this?  I'm inclined to remove them from their sealed holders and have them graded by NGC or PCGS, but I've also heard they could be worth more in the sealed holders to certain collectors.

If they are valuable, where is the best place to sell them?  Ebay won't allow these to be sold as 'graded' since the graders are not on their approved list.

Any advice or input would be appreciated.

Thanks.

 

 

[Coinbuf]

Welcome to the forum, yes there are collectors (like myself) who value and search for these old holder/flips.   I cannot say for sure that these are worth more but after you factor in the costs to ship and grade them it is my opinion that you will do better selling them as is.  I would love to buy at least a few and will send you a PM to further discuss.

You are correct that Ebay is not an option for what you have in its current format.   The very best place for this type of material is on the buy/sell sections of forums like right here in the section titled marketplace.   The one concern that members may have is that you are new here and have no history, that may make some buyers at least somewhat hesitant to buy.   Buying and selling on forums is largely a trust issue and there have been at times a few bad apples that have tried to take advantage of forum members.   And of course you may have the same reservations as you likely do not know any members here.

You may want to contact Ian at Great Collections and see if he is willing to place your items on his auction site.   He has a great reputation in the industry and his auction business is one of the best.   Here is a link to his site.

GC

Edited December 28, 2021 by Coinbuf

[cactusjack55]

Thanks for the quick response and information.  I've received your PM and sent you a response with more information.

I completely understand the concerns regarding me being a new member with no history on the boards.  I've been collecting coins (non-professionally) for over 40 years and am in the process of liquidating an inherited coin collection with a large number and variety of coins.

Are there third-party entities that assist with coin sales between individuals that provide protection to both the buyer and seller, or what is the typical way to go about selling to another individual who doesn't live in one's area?

Thanks also for recommending Great Collections.  I may contact them to see if they're a good fit for liquidating this collection. 

[Woods020]

I’d be curious to see what you have. I am not aware of an intermediary per se, and the fees associated with the auction houses can be high. A lot depends on what it is you have. PayPal provides some protection for these transactions depending on the dollar amount we are talking about. 
 

Where is home?

[cactusjack55]

Thanks for the response and info.  In general, my coin inventory (that I'm selling) includes the following:

David Hall Graded Coins: 

(5) 1881 thru 1884 Morgan Dollars (all GEM UNC., MS-65).

(1) 1936 York Half Dollar (GEM UNC., MS-65)

(1) 1943-S Mercury Dime (GEM UNC., MS-65)

IGA Graded Coins:

(11) 1883 thru 1904 Morgan Dollars (all MS-65/65)

NGC/PCGS Graded Coins:

Various Morgan Dollars, Peace Dollars, $20 Liberty Head Gold Coins, and $20 St. Gaudens Gold Coins (MS-61 thru MS-67)

Ungraded/Other Coins:

(hundreds of coins) Large lots of circulated half dollars (Walking Liberty, Franklin & Roosevelt)

(20) 1881-S Morgan Dollar (coins in plastic container with "63-65 MINT" on cover)

(1) 1881-S Morgan Dollar, BU

(1) 1904 $20 Gold Liberty Head (appears uncirculated)

(1) 1904-S $20 Gold Liberty Head (appears uncirculated)

(1) 1921 D Morgan Dollar (appears uncirculated)

(1) 1922 S Peace Dollar

(40) 1959-D Franklin Half Dollar (coins in plastic container with "63-35" on cover)

(20) 1964 Canadian Silver Dollars, Uncirculated

(20) 1979 Mexican 100-peso coins, MS-63 to MS-65

(40) 1982 Mexican Libertad Onza, Brilliant

(3) 1994 Austrian 500-Schilling 1/4 oz. gold coins

 

I'm located in Arizona (Phoenix area).

On a related note, I believe the coins graded by David Hall and IGA were graded in the 1980s.   Back then, did the grading scale generally stop at MS-65?  I wonder if some of the coins labeled as MS-65 may be a higher grade using today's scale.  For example, see below for the 1943-S Mercury Dime that was given a grade of MS-65.

Thanks.

 

Edited December 28, 2021 by cactusjack55

[Woods020]

You are in @Coinbufterritory. 
 

I’ll look at the list. I may be interested in that merc. I don’t have one in the old flips. 

[Mohawk]

I took a look....no ancients or Canadian Proof Like coins, so nothing for me.  But best of luck with your sales, though!! 

[GBrad]

On 12/27/2021 at 11:48 PM, Mohawk said:

I took a look....no ancients or Canadian Proof Like coins, so nothing for me.  But best of luck with your sales, though!! 

Mohawk!!!! You HAVE to get into U.S. coins my friend. I understand though...... once one gets into a certain coinage they tend to stay in that arena.... just like myself (who am I kidding.... I can't depart from my beloved Lincolns..... ).  I'm just poking some fun at ya..... It's late, I am very sleepy, and I've had my doctor prescribed meds so I probably just need to shut up and go to bed.....   But.... I do still have several Canadian coins you may be interested in.... Several are silver Canadian coins, pretty neat.  Check back with me when I'm awake....

[Mohawk]

On 12/28/2021 at 1:21 AM, GBrad said:

Mohawk!!!! You HAVE to get into U.S. coins my friend. I understand though...... once one gets into a certain coinage they tend to stay in that arena.... just like myself (who am I kidding.... I can't depart from my beloved Lincolns..... ).  I'm just poking some fun at ya..... It's late, I am very sleepy, and I've had my doctor prescribed meds so I probably just need to shut up and go to bed.....   But.... I do still have several Canadian coins you may be interested in.... Several are silver Canadian coins, pretty neat.  Check back with me when I'm awake....

I've actually tried U.S. coins on a few times, Greg......they fail to hold my interest.  They just don't have the magic that Canadian, German and ancients do for me.  I think there are several reasons why.  1. I started with Canadian coins when I was a kid, so they're my first love.  2. I'm not interested in U.S. history at all, aside from the local history of New York State.  3. My paternal North American family was actually Canadian before they were American, though I'm not sure why they came to New York from Ontario.  So, Canada actually is a part of my story, as is Germany.  Those are the main reasons I'm into what I'm into, I think.  Who knows?  Anyway, if you want to send me some PMs about your Canadian coins, we may be able to work something out  

Edited December 28, 2021 by Mohawk

[RWB]

Mohawk simply prefers ancient coins produced by Germanic peoples (i.e., Nemetes, Batavi, Ubii) who later immigrated to Canada. That is both a fine and esoteric collecting specialty and to be much admired.

Back to the OP's question. The Hall graded coins will likely bring more from collectors of old coin holders and slabs, etc. than as raw coins. Great Collections might bring the most. The IGA coin will be considered "raw" by collectors. The NGC coins will sell based on their stated grade except for older holders which often bring a premium. The ungraded coins can be sold for about market value, but probably not more than adding the cost of slabbing + fair market value. You'll have to go through the assorted circulated coins to see if you have anything worth more than bullion. A Guide Book of US Coins will help.

Lastly, collectors are highly skeptical of any coin not independently graded that is described as "appears uncirculated" or some similar language. Novices very rarely understand coin grading and almost never get "uncirculated" correct.

Edited December 28, 2021 by RWB

[Mohawk]

On 12/28/2021 at 12:41 PM, RWB said:

Mohawk simply prefers ancient coins produced by Germanic peoples (i.e., Nemetes, Batavi, Ubii) who later immigrated to Canada. That is both a fine and esoteric collecting specialty and to be much admired.

Yep.  Those would be many of my ancestors for sure....Germanic peoples who later immigrated to Canada.  The rest are Slavic people who immigrated to Canada.  I'm also of Bosnian descent.  But I think ancients predate my ancestors' departure and Canada itself by just a few millennia.

Edited December 28, 2021 by Mohawk

[RWB]

On 12/28/2021 at 12:47 PM, Mohawk said:

Yep.  Those would be many of my ancestors for sure....Germanic peoples who later immigrated to Canada.  The rest are Slavic people who immigrated to Canada.  I'm also of Bosnian descent.  But I think ancients predate my ancestors' departure and Canada itself by just a few millennia.

Ach....! Mere details.... What's a few thousand years in the span of earth's history?

[Mohawk]

On 12/28/2021 at 12:51 PM, RWB said:

Ach....! Mere details.... What's a few thousand years in the span of earth's history?

So true.  In the span of the earth's history, it's nothing.  Theropod dinosaurs have existed for 231 million years, after all.  And sharks have been around for 420 million years.  A few millennia is nothing compared to those reigns.

Edited December 28, 2021 by Mohawk

[Just Bob]

I am not a member of the PCGS Forum, but, I would think that at least a few members there would be very interested in the David Hall coins. Even if I did not offer them for sale in their Marketplace, I would at least post an advertisement that they were for sale somewhere.

[cactusjack55]

Just Bob - Thanks for the suggestion regarding the PCGS Forum.  I will check it out!

[Mohawk]

On 12/28/2021 at 1:14 PM, Just Bob said:

I am not a member of the PCGS Forum, but, I would think that at least a few members there would be very interested in the David Hall coins. Even if I did not offer them for sale in their Marketplace, I would at least post an advertisement that they were for sale somewhere.

This is a very good idea, Bob.  I could see some members over there wanting the David Hall coins for sure.  The PCGS Forum would be a great place to post these.

[RWB]

PS: I like the 1884 dollar as Unc-65, but 1896 is 64 -- too much razor-burn on the chin from Ms. Liberty's last shave.

[Conder101]

Since the collection has the early David Hall and IGA pieces some of the NGC and PCGS slabs may be very early as well.  A few of those early slabs can be valuable if they are the right ones.