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Advice Requested: My Dad's Coin Collection

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westernsky's Avatar
United States
7636 Posts
 Posted 11/01/2013  5:30 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
1) do not under any circumstances attempt to make the coins look better by cleaning or polishing them. That kills any numismatic value. 2) get a basic coin price guide (Whitman's RedBook) and learn as much as you can about grading and values. 3) Check with a couple of local dealers at a local coin shop or coin show and get a rough value of a couple of the albums (do not sell any of the coins yet). Compare the dealer offers to what you have learned on your own and decide if you were satisfied with their offers. Ask for a business card. Remember they are in business to make money but you don't want to be the sole source of their income for this month. After thinking it over over the weekend decide if you really want to sell or not. If so, call the dealer you were most comfortable with and set up an appointment. You also may decide you want to become a collector and just keep everything and start adding to it. At least you'll know what your stuff is worth. Good luck.
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52Raymo's Avatar
United States
8521 Posts
 Posted 11/01/2013  5:36 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply

Quote:
There's also a 1909 and 1909 VDB Lincoln?


Look for a 1909-S also.

...and welcome !
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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persistnt's Avatar
Canada
726 Posts
 Posted 11/01/2013  5:42 pm  Show Profile   Bookmark this reply Add persistnt to your friends list Get a Link to this Reply
Western sky is correct....Yu hav to do the research yourself...Do not sell too fast..
It is not that time consuming to look each coin up in the "Book" stated above or from the library........they are called coin catalogues......even if yu hav lots.....Sort by say denomination and country, tokens to a different pile for later maybe- they proably need a different catalogue,,,The "Books" are out there before yu become separated from the coin ..........Hav funlearning
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Jayman931's Avatar
United States
2651 Posts
 Posted 11/01/2013  5:47 pm  Show Profile   Bookmark this reply Add Jayman931 to your friends list Get a Link to this Reply
I am surprised nobody has told you this. Do NOT under any circumstance try to clean any of the coins. Doing so will severely decrease and/or ruin any collectible value to them. (I just saw two posts above mine referenced not to clean/polish them)
Edited by Jayman931
11/01/2013 5:50 pm
Rest in Peace
Buddy's Avatar
United States
7075 Posts
 Posted 11/01/2013  5:48 pm  Show Profile   Bookmark this reply Add Buddy to your friends list Get a Link to this Reply


Sorry to learn of your situation. It must be very difficult for all of you.

You've gotten a lot of good advice -- but I'll add some of my own.

You can look on Numismedia.com (no need to buy the books just yet) and see which coins are the valuable ones -- for each type. Then post photos of those coins and you will get an honest evaluation here regarding the condition/grade.

You can also hire someone to appraise the collection -- this will cost money.

You do not need to sell the coins in sets. You might be a lot better off pulling the very best to sell at auction or at a coin show. The dealers there buy as well as sell and you can meet a lot of them in one day.

If you have a lot of junk silver (not real fond of that term) and if you can wait, sit on them until the spot price on silver is something you can live with.

I hope you have the time to post more photos here. It is the best place I know to get an honest evaluation online.
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BamaBlue's Avatar
United States
624 Posts
 Posted 11/02/2013  08:57 am  Show Profile   Bookmark this reply Add BamaBlue to your friends list Get a Link to this Reply
Todd,

I'm sorry to hear about your Dad. You did the right thing to come here and more important, you're willing to listen to a lot of the good advice.

As a life long coin collector that got the bug from my Dad, I am very hopeful that my collection will bring joy to someone else instead of sitting around in boxes. None of my kids are interested in collecting, but I've got a last shot with my Grandkids. If they don't catch the bug, I would want my collection to go to people that will appreciate and cherish the coins (many I've had since I was in elementary school).

Best of luck to you in your efforts and my best wishes to you and your family.
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CoinCollector2012's Avatar
United States
8137 Posts
 Posted 11/02/2013  09:05 am  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
are you looking to sell your collection?
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Pre1958centguy's Avatar
United States
19 Posts
 Posted 11/03/2013  9:46 pm  Show Profile   Bookmark this reply Add Pre1958centguy to your friends list Get a Link to this Reply
If that 1909s vdb id genuine I would highly advise you to send it to PCGS to get grade. Go to a dealer first to verify that it is real.
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United States
5212 Posts
 Posted 11/03/2013  10:31 pm  Show Profile   Bookmark this reply Add jack jeckel to your friends list Get a Link to this Reply
Without reading through 3 pages of posts it looks like he did ok filling albums and folders and I only see 3 or 4 "gimmick" sets like the America in Space.

If you do not want to pursue and finish the collection I would advise you get a RedBook, see if there are any key dates, determine the grade, and sell them on EABY.

If not keep the collection together to preserve the history and memory.
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WheatBack's Avatar
United States
2850 Posts
 Posted 11/03/2013  10:45 pm  Show Profile   Bookmark this reply Add WheatBack to your friends list Get a Link to this Reply
That's one nice looking 1909S VDB you have. I'd recommend getting it looked at my someone reputable. Like other have mentioned, really do your homework if you decide to sell anything. That way you know what you can possibly get from some of these coins and not get shorted by someone.
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