Sometimes coins that sellers bring in to a coin shop are lower in value or have little demand from collectors that after shipping and online selling fees, the purchase of a coin like those shown above, may not be a good business purchase if the buyer is upside down in the deal. The coins shown above both have around 4 million mintage (mintage=how many were released) and graded at Proof 69. They currently sell for about $7 each online and after a buyer pays fees to list and ship it, the remaining profit is around $2.50. That profit would have to be split with the seller and when all is said and done, it doesn’t amount to much for either party.
Bring your coins in to NwPlaza this weekend for a free valuation. Even if we don’t make a deal, we can offer tips on unloading these types of high mintage and low value coins.