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Inherited A Lot Of Coins, No Idea What's Worth Keeping

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Pillar of the Community
United States
4211 Posts
 Posted 11/10/2014  2:38 pm  Show Profile   Bookmark this reply Add Debrajc to your friends list
The cylinders of quarters could be a set of the " State Quarters issued for ten years starting in 1999. Five states per year for 10 years them a set of 5 territories. So look on the back of those to see if it is a State Quarter set. Not worth much over face value in circulated condition, but it might be fun to get a state map and give them to a niece or nephew for Christmas or something like that?
Pillar of the Community
United States
4211 Posts
 Posted 11/10/2014  2:41 pm  Show Profile   Bookmark this reply Add Debrajc to your friends list
And YES....the link posted by SuperDave above is a GREAT reference. Also, once the state series of quarters were wrapped up the mint started on the America the Beautiful series of Parks so depending on how recent the quarters are you might have a set of those that he started?
Pillar of the Community
United States
1911 Posts
 Posted 11/10/2014  4:50 pm  Show Profile   Bookmark this reply Add Mister Kairu to your friends list
It depends on a lot of things, but it is always exciting for me when people receive a coin collection inheritance (wish I would, but I think I may be a first generation collector if you don't count my mom holding on to a few JFK halves). Good luck with whatever avenue you pursue!
Pillar of the Community
United States
2077 Posts
 Posted 11/10/2014  8:17 pm  Show Profile   Bookmark this reply Add OldSkoolMadSkilz to your friends list
Sounds like you inherited a hoard, not a collection. There's probably some good stuff in there. Nothing that will change your retirement strategy, but who knows. For each series there will be one or two that are worth a lot more than the others, but they are also rare, so you probably won't find those. There are then a small handful that are worth considerably more than the rest. You stand a pretty good chance of finding a few. Then the rest will have a minimal value. Note that the pre 65 silver coins will have value just for the silver content. If you have the time, sorting coins can be quite relaxing and sometimes exciting.
Pillar of the Community
United States
1388 Posts
 Posted 11/10/2014  8:40 pm  Show Profile   Bookmark this reply Add The Silver Searcher to your friends list
Whatever you do, DO NOT (I repeat, DO NOT) clean any of your coins. That will likely destroy any value apart from precious metal content (if this is present.)

to the forum!
Bedrock of the Community
United States
20753 Posts
 Posted 11/10/2014  9:26 pm  Show Profile   Bookmark this reply Add just carl to your friends list

To add my 2 CENTS. I'll start with my suggestion is to not listen to anyone just yet. Go on line or to a coin store and purchase something called the Red Book by Whitman Publishing. In it you will see tons of information as to your coins. Their mintage quantity and approximate values. Of course that is one bad thing about that book, the values are sort of excessive.
Once you know what you have, attempt to figure out if your going to be a coin collector or someone that just wants to get rid of all that. If your interested in a coin collection, you may well want to stick around here and just ask, ask, ask.
The more you ask, the more you'll find out what to do and how to do it. That Red Book can only tell you info on what you have, not what to do with it all.
Once you know what you have, and if there are enough Folders or Albums for them all, as I said, it's time to figure out what you want to do with them all.
Remember that the person that left you all that is now gone so what you have is sort of a great rememberance of him. If you don't need the money, become a coin collector and you'll really have some fun right here on this forum.
Valued Member
New Zealand
72 Posts
 Posted 11/10/2014  9:33 pm  Show Profile   Bookmark this reply Add magpie to your friends list
one thing of note, what is common in one country is not necessarily so in another. I know a lot of what's available and common in the US isn't so here, I would love to have some of the coins you guys have, I don't even have a Wheat cent, so before offloading all the "common" ones do some investigating, you might get a better deal selling overseas. Don't rush anything and see where it takes you.
Pillar of the Community
United States
2077 Posts
 Posted 11/10/2014  10:54 pm  Show Profile   Bookmark this reply Add OldSkoolMadSkilz to your friends list

Quote:
I don't even have a Wheat cent


If international postage isn't too much, I can send you a Wheat cent. Were you born during the wheat years?
Pillar of the Community
United States
1215 Posts
 Posted 11/11/2014  10:53 am  Show Profile   Bookmark this reply Add 0xDA71D to your friends list
Please do not dump your coins. From your description, you may have silver coins that are worth a few dollars each at least.

Do not take less than:

$3 for quarters 1964 and before
$1 for dimes 1964 and before
$6 for half dollars 1964 and before
$2 for half dollars 1965-1970, inclusive.
Pillar of the Community
United States
8137 Posts
 Posted 11/11/2014  8:30 pm  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list
to the forum!

Make sure you DO NOT clean/polish/dip anything!!

this site will tell you how to grade coins
http://www.pcgs.com/photograde/

then find the grade you determine in a chart on this site to determine value.
http://www.numismedia.com/fmv/fmv.shtml

I would also suggest a book called "A guide Book on United Sates coins" AKA the Red Book. Most bookstores have this book. It will also give you a ballpark estimate of value. You can also take some pics of your coins and upload them here. We will help you in any way we can.
Pillar of the Community
United States
2077 Posts
 Posted 11/11/2014  9:15 pm  Show Profile   Bookmark this reply Add OldSkoolMadSkilz to your friends list

Quote:
I'll start with my suggestion is to not listen to anyone just yet.


LOL. Sound advice.
Valued Member
United States
291 Posts
 Posted 11/11/2014  10:37 pm  Show Profile   Bookmark this reply Add jhp2104 to your friends list
Good luck with your project. A similar exercise got me started and interested in the massive world of numismatics. Take it slow and listen to the very wise people on this forum.
Pillar of the Community
United States
1748 Posts
 Posted 11/13/2014  7:38 pm  Show Profile   Bookmark this reply Add DoubleEagle20 to your friends list
Go out a grab a copy of "A guide book for United States coins" for 2015. It is called the " Red Book". Read through and check each coin by it. An aquaintance once brought me his hoard before he was going to go out and sell it about 10 years back. He had an 1893-S Barber half and with my Red Book told him this one is worth more than the others, as an example. Good to know before you go to a dealer.

Do not clean, dip or polish any of the coins, btw. Good luck and have fun!
Edited by DoubleEagle20
11/13/2014 7:40 pm
Pillar of the Community
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United States
5828 Posts
 Posted 11/17/2014  5:54 pm  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list
Keep any pennies dated before 1959! Those can be worth a TON depending on grade mint mark, etc...
New Member
United States
40 Posts
 Posted 12/01/2014  11:47 am  Show Profile   Bookmark this reply Add Tonedog86 to your friends list
Pennies anything before 1959 are worth more than face value. Check your 1960 and 1970 dates as there are varieties of them.
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