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Kathy. I like to first thank you for helping the Elderly friend. Having work in the field of Senior care, I have great respect for those that takes care of our Seniors.
Posted 08/27/2015 5:05 pm
Welcome aboard, Kathy!
There are a number of companies who specialize in taking common, inexpensive and/or well worn coins, repackaging and/or coloring them (including plating them with minuscule amounts of silver, gold or platinum) and then selling them to ignorant consumers as something rare, valuable and collectible.
Sadly, there are also a number of ignorant consumers out there who buy this stuff, sometimes spending their entire life's fortune and/or their children's inheritances in the process.
Most of the stuff isn't completely worthless (a quarter is always going to be worth at least $0.25 no matter what you do with it), but plating a common quarter in gold and sticking it in a plastic case doesn't suddenly make it worth $10. Or $0.26, for that matter. And the same is true for well-worn, common date examples of classic coins that really have no intrinsic value above melt value (if silver) or face value (if not).
All of which is to say you can probably get some money out of all of this stuff, but probably nowhere near what the original owner thought he or she could.
There are a number of companies who specialize in taking common, inexpensive and/or well worn coins, repackaging and/or coloring them (including plating them with minuscule amounts of silver, gold or platinum) and then selling them to ignorant consumers as something rare, valuable and collectible.
Sadly, there are also a number of ignorant consumers out there who buy this stuff, sometimes spending their entire life's fortune and/or their children's inheritances in the process.
Most of the stuff isn't completely worthless (a quarter is always going to be worth at least $0.25 no matter what you do with it), but plating a common quarter in gold and sticking it in a plastic case doesn't suddenly make it worth $10. Or $0.26, for that matter. And the same is true for well-worn, common date examples of classic coins that really have no intrinsic value above melt value (if silver) or face value (if not).
All of which is to say you can probably get some money out of all of this stuff, but probably nowhere near what the original owner thought he or she could.
Expanded Digital U.S. Type Set Album | Dansco 8100 (Lincon Cents) Album | Digital Proof Type Set | Digital U.S. Currency Type Set | Foreign Bullion Coins
Edited by barryg
08/27/2015 5:06 pm
08/27/2015 5:06 pm
