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Inherited A Coin Collection, Help Please!

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coincollect1's Avatar
Canada
1731 Posts
 Posted 03/20/2012  8:12 pm  Show Profile   Bookmark this reply Add coincollect1 to your friends list Get a Link to this Reply
I agree with others. Hold on to them unless you need the money. Maybe you even have a key date in there
New Member
United States
20 Posts
 Posted 03/21/2012  04:57 am  Show Profile   Bookmark this reply Add texaskitty to your friends list Get a Link to this Reply
ok, I pulled some I "think" "might" be worthwhile, there are lots others, let me know if I need to take the time for pix so further identification is possible, I was in the gallery trying to figure out what they were as is lol. Thanks in advance to anyone who takes the time to help educate me.
1900 Morgan
1922 Peace
1921 Morgan (got several of these)
1923 Peace
1922 Peace
1899 Barber dime
1903 Liberty Head V nickel
1922 Peace
189 Morgan
Pillar of the Community
throwbackid's Avatar
1283 Posts
 Posted 03/21/2012  10:03 am  Show Profile   Bookmark this reply Add throwbackid to your friends list Get a Link to this Reply
I would sell them here once your are able or list them on ebay individually. From the list you posted most are only worth a little over melt value. You should be able to get $25-$30 for each Morgan/Peace Dollar unless they are in great shape then they would be considerably more. Once you get to like 250 posts you can sell here at which time someone like myself would love to have them. There are many of us silver hoarders here that love silver dollars especially Morgans. GL
New Member
United States
20 Posts
 Posted 03/21/2012  10:22 am  Show Profile   Bookmark this reply Add texaskitty to your friends list Get a Link to this Reply
Thank you! They are not as you say "in great shape". There are lots more but I expect the same result, unless I have some special date on one.
Bedrock of the Community
United States
20753 Posts
 Posted 03/21/2012  10:32 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply


Quote:
I am on disability and have been hospitalized 2 times in the last 6 months, hence me looking to find out what I have and what its worth and sadly, trout, there is no one to leave the coins to.

That does sound like you won't be hanging around here for long enough to sell here. And too you probably need money now, not some time in the future so sitting around with those coins will not help now. Unfortuately the fastest method is to contact a coin dealer or coin store in your area. You will probably be low balled on everything you have but one of the fastest methods to get rid of coins.
A pawn shop is even worse for coin values.
IF you could find a coin show in your area, there you would find numerous coin dealers and get a better price for your coins. Of course if you have time, there is always ebay. However, that usually means a lot of time in order to post all the coins and ship them out. Or you could list the entire collection on ebay and ask for a one lump sum. There too you would probably get the lowest prices for your coins.
Pending on where you live and if you trust memebers here, you may want to stick around here and find a member that is willing to go to you and evaluate what you have.
An outdated Red Book is more accurate for prices than a new one. If about 3 to 4 years old would give you values of todays market.
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jbuck's Avatar
United States
189767 Posts
 Posted 03/21/2012  12:06 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I inherited my mother's coin collection. I have no idea with to do with it.
Just my opinion, but something like this has a value way beyond the monetary one. I hope you keep, treasure, and expand it.
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wquinn's Avatar
United States
2295 Posts
 Posted 03/21/2012  1:59 pm  Show Profile   Bookmark this reply Add wquinn to your friends list Get a Link to this Reply
Another thing to do is look for a local coin club. They can help determine the value and you might be able to sell some there and not have to worry about paying fees.

Separating the clad from silver and common coins from 1965 to current will help you see which ones are more valuable. Any Kennedy halves from 1965-1970 are 40% silver. Go to the (124) Not Allowed - Auto-Removed web site to get melt value on silver coins.

Also, don't forget to check mintmarks. That can make a huge difference on value. The Red Book lists the mintmark location for each series.
Valued Member
AJL's Avatar
Israel
84 Posts
 Posted 03/21/2012  2:40 pm  Show Profile   Bookmark this reply Add AJL to your friends list Get a Link to this Reply
Hi Kitty.
As for the Morgan's, there are letters on the back of them. Each year, depending on the letter (location of making) has a different value.
Your decision should be based on the amount of coins you have. Most US coins till 1960 have silver in them. Not pennies. If the number is 200-300 hundred coins, you can sell yourself. If more, I would agree to go to an auction house or local store that sells online. Either way, try to enjoy the process.... Myself and probably everyone else on the site is very jealous and would love to inherit coins. Get Well Soon!
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ckrakowski's Avatar
980 Posts
 Posted 03/21/2012  3:29 pm  Show Profile   Bookmark this reply Add ckrakowski to your friends list Get a Link to this Reply
ajl most coins until 1964 had silver in them. the only ones that did not where the nickel which was silver from 1942-1945 and one cent coins and from 1965-1970 Kennedy half dollars were also 40% silver.
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ckrakowski's Avatar
980 Posts
 Posted 03/21/2012  3:30 pm  Show Profile   Bookmark this reply Add ckrakowski to your friends list Get a Link to this Reply
hey texaskitty nice error coin the 189 morgan. lol.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 03/21/2012  5:43 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
,AJL!
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westcoin's Avatar
United States
9796 Posts
 Posted 03/23/2012  1:30 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
You don't need to get a new RedBook you can look up current values online, the RedBook you have will still be pertinent for all the coins you have. You can always get a Coin Price or Coin Week magazine to get more up to date values.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
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