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My Father Passed Away And Left Me A Small Coin Collection--Where To Start?

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United States
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 Posted 06/05/2018  8:07 pm  Show Profile   Bookmark this reply Add nutmeg to your friends list
You are right about getting swindled at a coin show or pawn shop.
Best to take it slowly.
Sorry for your loss.
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 Posted 06/05/2018  8:17 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Indeed. Start showing us some of what you believe are your better items and we'll give our best feedback.



to the CCF!
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United States
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 Posted 06/05/2018  8:47 pm  Show Profile   Bookmark this reply Add JimNWLincoln to your friends list
Sorry for your loss. As you read & learn about the coins from your father's collection resist the urge to clean or rub any coins with a cloth. If the coins are shiny or appear un-circulated, it is best not to touch them with your bare hands to avoid leaving finger prints on them. Good luck
Edited by JimNWLincoln
06/05/2018 8:47 pm
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 Posted 06/05/2018  9:03 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list
I hate to say it - but if you are distraught - then why is your first move is to sell?
Rest in Peace
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 Posted 06/05/2018  9:45 pm  Show Profile   Bookmark this reply Add Tootallious to your friends list
I too am sorry for your loss. That is also how I obtained the collection that I have. I also thought of selling some of it but I'm happy that I didn't. If you do not need the money perhaps thinking twice about selling will eliminate any future regret! If you have or plan to have children, the collection can be handed down for younger generations to enjoy!

Either way, please do post pictures of what you have! As already mentioned there are many folks here that have the knowledge and experience to guide you on your journey! Good luck with the path that you Choose.
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 Posted 06/05/2018  9:51 pm  Show Profile   Bookmark this reply Add SimplyClueless to your friends list
Thank you all for the warm welcome. I will find something worthwhile to post soon.

Mark1959, because I am just overwhelmed with everything else I have inherited--a house jam packed with 40 years worth of stuff that I don't know what to do with, as well as all of his debts.
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 Posted 06/05/2018  10:24 pm  Show Profile   Bookmark this reply Add MikeF to your friends list
Sorry for your loss, man. Post pictures of them here one by one. Don't worry so much about whether or not you posted them in the right section, moderators will move them to the appropriate section. If you struggle with pictures, let us know what cell phone you are using to take them and we will walk you through the process.

You were smart to come here first before asking a dealer.
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 Posted 06/05/2018  10:30 pm  Show Profile   Bookmark this reply Add ryurazu to your friends list
Hi and , sad to hear your dad has passed, I have no problem with you wanting to selling a collection of his especially if it is large and you aren't into coin collecting.

To you question, yes it is a legitimate fear that a pawnshop/coin dealer will under offer, worse ive seen is 10% of actual value o.O seriously.
Also please don't expect them to be like yeap I take them for full value cause they need to pay rent and the bills to.

First few things as a grasshopper in coin collect as people have stress DO NOT CLEAN coins, 2nd try not to handle them with your fingers and third do not handle them roughly although they made of metal of have a case around them they are for display any nicks or scratches can effect their values, especially rare pieces.
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 Posted 06/05/2018  11:22 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list

Quote:
Mark1959, because I am just overwhelmed with everything else I have inherited--a house jam packed with 40 years worth of stuff that I don't know what to do with, as well as all of his


I hear ya - that is why I know. My sister took my parents to SC and I have the wonderful task of cleaning their house. 60 years of cat piss that turned the hardwood floors Black. Last time I tried to pour Hydrogen Peroxide on the effected areas caused ammonia gas to rise and it burned my lungs for 7 days.
It took a huge dumpster to get rid of all their crap - everything my Mom thought was precious was just junk!

I feel for you = you live all your life then BOOM - just like that you are done! Sad!
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 Posted 06/06/2018  08:52 am  Show Profile   Bookmark this reply Add TheBurnz to your friends list


Your concerns a Local coin dealer or LCD is real. I have seen to many time people bringing in their old coins and only getting melt value. Grade of the coins never even looked at.

If you don't want to sell them yourself, I would suggest looking up some local auction houses in your area and consign with them. You will get a evaluation at the same time.

My best advice would be to get 2 or 3 appraisals.
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 Posted 06/06/2018  10:38 am  Show Profile   Bookmark this reply Add USSID18 to your friends list
Again, very sorry to hear of your lose. Considering we don't know each other, your age or maturity level, you're doing the right thing by reaching out and asking questions first. If like you say, you are distraught and overwhelmed with events (as we all would be), I would suggest doing nothing at this point. Surround yourself with family and friends. Give yourself time. Time will heal all. I would try to avoid any major decisions (coins being the least of them) in your life and on my own, while I am in mourning. We're here for you.
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 Posted 06/06/2018  1:33 pm  Show Profile   Bookmark this reply Add chafemasterj to your friends list
Sorry for your loss as well.

As others have stated, this Forum is a wonderful source of knowledge. It's free and can be lots of fun. Well done on deciding to do your due diligence. Whatever decisions you make, best wishes.
Check out my counterstamped Lincoln Cent collection:
http://goccf.com/t/303507
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 Posted 06/06/2018  1:56 pm  Show Profile   Bookmark this reply Add trdhrdr007 to your friends list
I'm sorry for your loss and that you are overwhelmed by the task ahead of you. I'm in the antique/junk business and have worked with estate sale companies for many years. I have talked with many people in your situation. Although almost no one listens to the voice of experience I'll go ahead and say this anyway.

#1) Don't throw anything away.
#2) Find a reputable estate sale company.
#3) Let them do all the work and take their 25-35%.

IF you take the time to find a reputable company you will get more after their fees than you will if you do everything yourself without spending days/weeks/months trying to figure out what's good or bad.
Edited by trdhrdr007
06/06/2018 1:57 pm
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 Posted 06/07/2018  07:06 am  Show Profile   Bookmark this reply Add Petespockets55 to your friends list
Sorry for your loss SimplyClueless. You have taken on a difficult task, but don't be disheartened or discouraged.

And thank you trdhrdr007 for the input.
I'm NOT in the estate sale or related industry, but understand the value of your comment. Let the honest professionals do their job and help you navigate through the confusing and exhausting process of sorting through what is worthwhile. And, yes you can find an honest professional by doing an online search for reviews on any company. It takes a lot of time to sort through the items efficiently and methodically.
Best of luck and come back to share some of your interesting items.


Words of encouragement are one of the major food groups.
We need to consume them regularly to thrive and grow.
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