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Grandfather Passed Away And I Have His Coins

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Pillar of the Community
United States
5212 Posts
 Posted 03/13/2013  10:57 pm  Show Profile   Bookmark this reply Add jack jeckel to your friends list
The Eagles are worh a premium as well as the silver proof sets.

Unfortunately the rest or not worth much.

If you needed money I would say sell the Eagles and silver proof sets and put the rest back in a box and keep them as a memory of your grandfather.
Pillar of the Community
614 Posts
 Posted 03/13/2013  11:03 pm  Show Profile   Bookmark this reply Add tzarmarko to your friends list
60's silver dollars huh..... Did your grandfather work at the mint by any chance ;) If so, maybe its time to take those coins and move to Canada.
Pillar of the Community
United States
1195 Posts
 Posted 03/14/2013  12:25 am  Show Profile   Bookmark this reply Add argentum to your friends list



Quote:
I doubt they are worth a lot of money.


Define "a lot of money" my good man.

For value based on silver content (spot price) here's a lot of what you have:
1) At mimimum, The Silver American Eagles you have (or ASEs) are worth the trading price for silver at Kitco.

2) The silver value the other cons you have that are made of silver can be determine with the folowing steps:
a. get the mass of the coin in troy ounces. If you have that in grams, divide that by 31.1.
b. multiply that by the purity of the alloy that makes up the coin to get the actual silver mass
c. multiply that by the market price of silver at Kitco

If you are getting rid of these (we hope you don't, but understand if you want/need to), a reputable coin shop should buy your ASE non-proof at spot and would sell it to someone else at a few dollars above that. They should buy the other silver from you at around 10-20% below spot and would sell it at spot.

Proof silver is worth more than spot if pristine.


Quote:
Various 50 State Quarters
2x 1776-1976 US bicentennial coinage
Various rolls of coins

These are probably face value.

The rest I frankly don't know about.

ALL of your coins should have some sentimental value for you depending on your relationship with your late grandfather.

Pillar of the Community
United States
1536 Posts
 Posted 03/14/2013  01:33 am  Show Profile   Bookmark this reply Add buddy16cat to your friends list
I think the most valuable coins you have here are the silver American Eagle proofs followed by the silver sets. I don't know how much premium the proof American Eagles are getting but you could always start the bidding at the silver content which is about $29 a piece and people will probably pay some sort of multiple of that. The State Quarters and bicentennial coins are just worth face value so just keep them.
Valued Member
United States
161 Posts
 Posted 03/14/2013  02:09 am  Show Profile   Bookmark this reply Add VGRX to your friends list

Quote:

60's silver dollars huh..... Did your grandfather work at the mint by any chance ;) If so, maybe its time to take those coins and move to Canada.


hehe he could mean the 1860s....but I suspect he means 1960s halves.
Valued Member
United States
121 Posts
 Posted 03/14/2013  09:41 am  Show Profile   Bookmark this reply Add joeykoins to your friends list
Hi Sorry about your Grandfather. I'm sure he will be missed! About his collection,like mentioned,the Silver and the Silver Eagles are the MONEY! I don't know if your interested in the error/variety aspect in coins. These can have nice premiums in ones collections. You mentioned a 1999 Silver proof set,check the Lincoln Cent. On the reverse,in the word "America" the AM,should be separated! If not,you have yourself a GEM! It should look like this, AM E R I C A. Check other books and websites for better examples and prices. Good Luck in Grandpas collection! -joey One more thing... You mentioned rolls? What are the denominations and years?
Edited by joeykoins
03/14/2013 10:07 am
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United States
899 Posts
 Posted 03/14/2013  09:55 am  Show Profile   Bookmark this reply Add Doug58s to your friends list
Mojo... my advice would be to put the collection back in the closet, and pull them out on the anniversary of your grandfathers passing for the next several years. While there are several items in his collection that are worth a little money today - there are no earth shattering life changing coins. Today, you might get a small return on them - maybe even a couple of thousand dollars - 20 years from now who knows?

Sorry to read of his passing.

dg
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United States
2311 Posts
 Posted 03/14/2013  11:00 am  Show Profile   Bookmark this reply Add solotime to your friends list
Sorry to hear about your Grandfather passing away.

But very nice for you to get the coins.
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United States
1812 Posts
 Posted 03/14/2013  11:04 am  Show Profile   Bookmark this reply Add Broken-Coin to your friends list


WOW, I didn't notice that joeykoins beat me to it on the proof Lincoln Cent variety until I posted my reply below.


Possible finds for a valuable variety can be found on the 1999 Silver Proof Set, on the reverse side of the Lincoln Cent Look at the spacing at the bottom of the "AM" in AMERICA, if there is a space between them, that would be normal, if they look like they are almost touching each other, that would be a " Close AM" variety made for circulation strikes and not proof strikes.

If you unsure what to look for, post some clear close-up photos of the AM here and we can tell you instantly what you have.

Good Luck
Edited by Broken-Coin
03/14/2013 11:12 am
Pillar of the Community
United States
1200 Posts
 Posted 03/14/2013  11:48 am  Show Profile   Bookmark this reply Add Fat Freddy to your friends list
If you're not desperate for what money the coins might yield, I'd suggest keeping the coins as a keepsake to keep the memory of your grandfather alive.
I would personally put a far higher value on that than on a modest amount of cash in hand, which will be gone before you can say "HUH?"
Valued Member
United States
318 Posts
 Posted 03/14/2013  3:24 pm  Show Profile   Bookmark this reply Add SilverEye to your friends list
You already have typed up the descriptions, copy each into ebay search, and click on "sold listings". This will tell you what someone has actually paid; full retail value.

If you sell on ebay, don't forget fees and the chance that the deal can go pear shaped (buyer returns, payment reversal, lost in shipping). Expect a pawn shop to give you 25% - 50% of retail, a coin shop 50% - 70% of retail. If you want to stick around here for 250 posts, you can list it here and get 90% - 110% of retail.
New Member
United States
3 Posts
 Posted 03/14/2013  5:55 pm  Show Profile   Bookmark this reply Add M0J0 to your friends list
It would take me a while to rack up 250 posts in a forum that is really not my thing. All of these posts are helpful. I don't need to money right now. I would rather sit on them than sell them at 50% of the value to a coin shop. I am too lazy to list each one on ebay.
Bedrock of the Community
United States
11951 Posts
 Posted 03/14/2013  6:49 pm  Show Profile   Bookmark this reply Add GR58 to your friends list
Based on your list ... that does not have enough detail, rolls of coins can add up.

IMO opinion a good coin shop should give you more than $850 ... I am mostly counting
the silver coins you have listed.


Edit .. a good coin shop will give you more than 50% for silver coins. Some common silver proof sets sell at silver value ... your 1999 silver proof set is your best set.
Edited by GR58
03/14/2013 6:52 pm
New Member
United States
11 Posts
 Posted 03/15/2013  8:00 pm  Show Profile   Bookmark this reply Add Shatterstar to your friends list
M0J0 I would keep the collection for now or you can let it stay in your family for generations to come it can be something that can be pass down from father to son or father to daughter. I always have trouble letting stuff go that was giving to me by someone that no longer around.
Edited by Shatterstar
03/16/2013 09:14 am
Valued Member
United States
121 Posts
 Posted 03/16/2013  08:55 am  Show Profile   Bookmark this reply Add joeykoins to your friends list
MOJO,I'm curious. Did you take our advise,and closely checked your 1999 Silver Proof set? If it turns out to be"the one",you may have a $200.00 coin (or maybe even more) in your collection! Let us know whether you check or not,please. by the way,the last post before me,is good advise also,I think anyway. -joey
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