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 Replies: 20 / Views: 5,438 |
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Pillar of the Community
 United States
5785 Posts |
Sorry to hear about their ordeal.
I believe NGC has an arm of the company that can help conserve ("repair") them. Here is a link to it. https://www.NGCcoin.com/news/article/90/
Home owners insurance usually only has a small ($1000.00? limit) amount for undeclared items. To have them covered they would need to pay a separate rider on them and maybe list them individually in an appraisal as well.
Best of luck.
Words of encouragement are one of the major food groups.
We need to consume them regularly to thrive and grow.
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Pillar of the Community
United States
7626 Posts |
The most important thing right now is stop the corrosion and get the coins protected. If the coins were in salt water things can go bad real quick. Get the coins out of the holders. Do an acetone rinse. Air dry the coins. Place the coins back into new safety flips. As far as getting them 1944 and 1945 year sets for under 100$ you should not have a problem. Visit a local coin show, shop online or visit a local coin shop. The most expensive coin will be the half dollar....especially if you want uncirculated coins. And by the way....  to the Community! Edited by westernsky
01/16/2019 11:00 pm
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Pillar of the Community
United States
4692 Posts |
Acetone should not harm or devalue them. You can get it at many hardware stores. If you go to a general store, they may try to sell you nail polish remover which is NOT what you want to use.
Edited by jimbucks
01/16/2019 11:02 pm
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Pillar of the Community
United States
1005 Posts |
For flood damage I would recommend a long soak in distilled water first, then change the water if needed. Finish off with an acetone soak and air dry
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New Member
 United States
10 Posts |
It was fresh water, thx for the advice. I will get on it as soon as possible.
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Pillar of the Community
United States
533 Posts |
Be careful with the thought homeowners insurance covers damage or theft of coins. I specifically asked about my coins and theft and was told the Morgan's were covered at face value, $1.00 per coin, under the standard policy. Even slabbed coins are covered at face value not book or appraised value. You need a specific rare or collectible coin rider to the insurance to cover them for more than face. Same issue with firearms only a certain amount is covered unless you get a supplemental policy on them.
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Pillar of the Community
United States
1315 Posts |
Sorry to hear about your parents flooding. I recently flooded twice in Houston, the most recent being Hurricane Harvey. I had some of my coins flooded out, and I simply soaked them in distilled water & set them out to dry. My fishing lure collection took the biggest hit, my tackle box of lures in boxes was submerged & my labels came off all of my Creek Chub lure boxes. I'm attending the Houston Money show in Conroe this Saturday a.m., looking to ad to my personal collection. Best of luck, please post some photos of the collection, if you are able to post pictures.
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Pillar of the Community
 United States
5953 Posts |
As has been stated insurance wont help much. I live SW Houston and lost a lot in Harvey,Transfer the coins to distilled water as soon as you can rinse them and change the water regularly.
Do not scrub any; once the water stays clear pull out any coins you can. Treat the remainder with pure acetone, again changing the solution regularly and do this in a very well ventilated area. Acetone will not damage the coins just remove any organic material from them. As you recover coins from the mess I would recommend conserving them with VERDI-CARE™ to stop any further damage. PM me if you would like me to look at what they have and see what if anything can be salvaged.
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New Member
United States
10 Posts |
I live in Tennessee and my parents live in the Columbus Texas area. I am passing this information to them. They are considering turning the set over to me to sort and sell it. It is going to be this summer before I can get hands on. Until then we are video chatting together. Everyone has given great advice! Thank you again.
I have a slight off topic question. They have 9 Krugerrand dated 1977 it was stored in the safe, in a roll. Only 1 showed any discoloring. She said they were supposed to be in uncirculated condition. They really need the money for rebuilding their lives. What would be the best way to sell them for the best return?
Edited by Kevlar
01/17/2019 09:24 am
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Pillar of the Community
United States
7626 Posts |
The Krands are worth "spot" gold at a minimum. If they were mine I would only sell a couple at a time at a reputable coin shop or with a respected dealer at a show. Carrying around 9 ounces of gold and showing them for all the world to see at a shop or show is inviting all kinds of trouble.....especially in this day and age.
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Pillar of the Community
United States
5953 Posts |
For the Kruger Rands it wont matter if there is slight discoloration there are three places I would recommend they are all in Houston Royal coin, US coins and Houston Numismatics US coin is the easiest to find its just off I 10 the other two require some knowledge of Houston to get to. These three dealers are the ones I use and they pay fair prices. Edited by nohope587
01/17/2019 1:37 pm
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Pillar of the Community
United States
4469 Posts |
I have cleaned up after two fresh water floods and there is typically a lot mud in the water. The coins are going to have mud deposits. The Acetone soak should do the trick, but some of the deposits may not come off or leave stains and it will be tempting to wipe the coin to clean. Do not wipe the coins as they will lose value.
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New Member
United States
10 Posts |
I would recommend they are all in Houston Royal coin, US coins and Houston Numismatics US coin is the easiest to find its just off I 10 the other two require some knowledge of Houston to get to. These three dealers are the ones I use and they pay fair prices. I passed this on to my parents and will update when I can. I also have passed on the advice about how many to carry at a time! |
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Pillar of the Community
United States
5953 Posts |
The three stores I mentioned are used to doing transactions in the tens to hundreds of thousands of dollars at a time. They all have police security and will escort you to your vehicle should you so desire. Ive taken ten plus ounces of gold at a time to US coins without a problem just act naturally. My wife's last car was paid for by cashing in gold I had stashed. |
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Bedrock of the Community
United States
20753 Posts |
Quote:
For flood damage I would recommend a long soak in distilled water first, then change the water if needed. Finish off with an acetone soak and air dry I think the same thing should be attempted. |
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Posted 01/16/2019 10:58 pm
