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 Replies: 19 / Views: 3,761 |
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Pillar of the Community
 Canada
5594 Posts |
Get either a Charlton or Haxby annual coin guide at a bookstore or Amazon so that you can do the work at home on a desk. You will find out which dates/monarchs are worth a further look. Then you will have to look in the front of either book to learn how to appoximate grade the coin as to condition. Where do you live / Maybe a CCF person can help you of close to your town. Edited by okiecoiner
01/15/2018 10:46 am
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Pillar of the Community
Canada
1747 Posts |
first thing you can do is search this site for inherited coins, there are lots of posts about what to do. Remember do not clean any of the coins this is a big no-no you can destroy the numismatic value of a coin easily. you can use this site http://www.coinsandcanada.com to get a good idea of which dates are potentially worth more than others. realistically if you say you have thousands of coins you are best to sort them by denomination, then year. if you list these on the site the experts will be able to help, but note without images we cant be much better that the site I just posted. are these coins Raw coins (loose coins) or rolled coins? are they in a cardboard flip sleeve or are they professionally graded in a sealed container? |
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New Member
 Canada
39 Posts |
okiecoiner, I'm in Halifax, Canada.
There is a blend of everything: gold, rolled, raw, mint sets, etc.
Thanks guys
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Pillar of the Community
Canada
2366 Posts |
Are you looking to keep the collection intact and want to value it for your own knowledge and enjoyment or are you looking more to eventually sell it all or in part? In the former case Welcome to the forum and we'll be seeing a lot of you over the next few year :-) ! In the latter case, as a general rule, the more time you put in to organizing, grading and individually selling the items the more money you can expect to end up with. The question becomes, How much is your time worth? and, How much you enjoy doing it? In either case you'll want any or all of a good scanner, a 16x loupe and/or a USB microscope. As well as the previously mentioned Charlton Vol 1/coinandcanada.com for circulation coins and Charlton Vol 2 for the non-circulation coins and sets.
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Moderator
 United States
56855 Posts |
Try checking ebay sold values to give you an idea of current values. John1  |
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Pillar of the Community
Canada
535 Posts |
You might want to take a few of the coins into Citadel coins, in Barrington Place shops. They could give you an idea on retail value or point you in the direction of someone who could help
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Moderator
United States
189767 Posts |
 to the Community! You may want to check out our informative post regarding inherited coins. Just click on inherited.  |
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Pillar of the Community
Canada
5594 Posts |
A stern word of advise for coins or any other antiques or Art. NEVER sell what you have to the first person who gives you an estimate. Know what you have and value BEFORE considering any offers. And, whatever you do, DO NOT sell your coins to "nearly lawful" traveling shows around Canada that try to copy the "Antiques Roadshow" theme ... they are crooks that give pennies on the dollar.
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Pillar of the Community
Canada
849 Posts |
You asked about "Retail Value." Just know that what a coin shop might typically sell a coin for (retail value) is not the same as what you could sell the coin to a coin shop for. It is understandable and fair that this is the case as they have to make a living and pay bills.
As was mentioned in above posts, and I agree, there is a "fair" difference and an unfair difference. If you are selling it pays to shop around a bit.
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Pillar of the Community
Canada
1046 Posts |
sorry for the loss of
Your Father..
Good Luck with the collection
Edited by torgemco
01/15/2018 6:11 pm
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Rest in Peace
United States
17900 Posts |
Ask for honest answers here. We have true experts in almost any coin, currency, or token field.
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Pillar of the Community
Canada
2781 Posts |
Educate yourself at least a little (or a lot) before selling to anyone, any dealer etc. Learn the basics of how coins are graded (grade can make a huge difference in value) This is a good place to post pictures and get opinions. But as a new member you will not be able to communicate privately with any members, or post "for sale". If you take the collection to a dealer tell them you need an honest appraisal but that you don't intend on selling just yet (you might have to pay for the appraisal but it's money well spent). ebay will also give you a good sense of what certain coins might be worth in the "real life" marketplace. DO NOT BE IN A HURRY. Yes the dealers still need to make a profit, but as always, there are sharks out there just waiting for uneducated heirs... Best advice, even if you aren't a collector (yet), you have something that your father likely spent a great deal of time, money, and pride in collecting. If you aren't desperate for the $ you might want to hang on to the collection - once it's gone... it's gone... Edited by Wade
01/16/2018 12:38 am
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New Member
Canada
39 Posts |
Thanks all. I'm the OP. What is the proper way to sort the collection for the purpose of taking an inventory? There is a blend of raw coins and proof sets.
Also are there any guidelines of taking photos to show them here to get opinions? I can get my hands on a USB microscope. Any particular background, lighting, etc? What about photos of proofs?
Thanks!
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Moderator
United States
189767 Posts |
Quote:
DO NOT BE IN A HURRY. Very important advice.  |
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Pillar of the Community
Canada
2366 Posts |
Separate circulation coins and sets. Sort your circulation coins be jurisdiction (if applicable IE Canada, US, Newfoundland whatever), denomination and year. Then take a look at the grading guide info at http://coinsandcanada.com/coins-grading.php. Once you have a rough idea of how to tell a low grade from a high grade work through the price list at http://coinsandcanada.com/coins-prices.php to identify if anything you have is potentially valuable. Sometimes a specific variety is more valuable (IE a 1974 nickel dollar double yoke) which is where the USB microscope can come in. If you find one you want to ask about on this site then run both sides through a scanner on the highest resolution setting and use the microscope to take closeups of any relevant specific points on the coin. IE the area of the variety if applicable and/or closeups of the high points for grading. The sets are unlikely to be particularly valuable with one or two exceptions. Check them against Charlton Vol 2 and, if there is a valuable variety then dig out your microscope or magnet as applicable to find out if you have it. Also keep an eye out for die rotations http://coinsandcanada.com/coins-err...d-die&id=24); can be particularly valuable in sets but not so much in circulated coins unless significantly rotated (like 45 degrees+). If you're really keen take a look at http://coinsandcanada.com/coins-err...rieties.php. Most of these won't add much to value but can be interesting. |
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Posted 01/15/2018 10:46 am
