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Help /W Briefcase Full Of Coins!

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Author Previous TopicReplies: 19 / Views: 4,217Next Topic Page 2 of 2
Valued Member
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 Posted 04/08/2011  01:24 am  Show Profile   Bookmark this reply Add mshev to your friends list
NTC (the grader of that first coin) is not a reputable grader and there is no way that coin is an MS-65. A better photo would be needed to actually grade it.

NGC (the grader of the second coin) IS a reputable grader, though it's a common year at an AU-58 (barely circulated), with the value of silver so high, the coin is not worth a lot more than the silver itself. There is about $30.60 of silver in it, but it might bring about $40 to another collector.
Edited by mshev
04/08/2011 10:21 am
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 Posted 04/08/2011  07:01 am  Show Profile   Bookmark this reply Add John1 to your friends list

John1
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 Posted 04/08/2011  07:35 am  Show Profile   Bookmark this reply Add thecoinczar to your friends list
Lewisb62, Can you post more photographs of the coins you want an opinion on? At your convenience, of course. It looks like the forum has been a little brittle towards the coins you posted. At least it isn't sugarcoated giving you false ideas and hopes but don't let the first two that you posted affect the rest of the slabbed coins in your briefcase. There very well could be some desirable ones in there and I'll be more than happy to take a look and give you my honest opinion.
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 Posted 04/08/2011  09:39 am  Show Profile   Bookmark this reply Add Scooby Due to your friends list
Yes, please show the rest. Even though some of the coins may be in "basement slabs" doesn't mean there isn't anything collectible. It only means that the stated grade isn't reliable.
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 Posted 04/08/2011  10:04 am  Show Profile   Bookmark this reply Add MIKES3 to your friends list
I have to say that the hairlines are looking good on that Morgan. Maybe not MS65 due to marks on the background
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 Posted 04/08/2011  10:21 am  Show Profile   Bookmark this reply Add mshev to your friends list
Even if it was just a briefcase full of silver, it could be worth quite a bit...

lewis - The NGC ones should be pretty easy to price using numismedia as "secret agent" suggests. However usually the prices are inflated. A lot of times it better to compare with similar past sales on ebay. Keep in mind that if the person is looking to sell, ebay or other auctions will have fees, while dealers will offer a low enough price that they can make a profit selling at or below book value. For the non-NGC coins, we'll be able to provide help with the actual grading so that you can then better determine value.

Also, regarding the 'first strike' coin - I assume this is actually either PCGS or NGC. First strike is a designation they use(d) to indicate a coin is of an early release date.

Mike/lewis - There are marks both on the background and cheek. From what I can see from that photo, the coin is probably either at or below an MS-63.
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 Posted 04/08/2011  11:51 am  Show Profile   Bookmark this reply Add acloco to your friends list
Agree with the above.

List ALL of the dates/mintmarks and company that certified them.

Board members will request pictures of the coins with the possibility of being valued at more than spot silver price.
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 Posted 04/08/2011  1:49 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
It is also important to identify the coins correctly. You said the first was an 1884 S in 65, it's actually an 84 O, probably in 63 as mentioned. BIB BIG difference in values. An 84 O in 63 is a fairly common coin. An 84 S in MS-63 would be into five figures. An 84 S in MS-65 would be six figures.
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 Posted 04/10/2011  8:47 pm  Show Profile   Bookmark this reply Add lewisb62 to your friends list
Thanks everyone for all the tips and suggestions. Sorry for the late reply, my wife does taxes / books, and we have two toddlers, so I'm pretty busy. Here is a shot of the briefcase:

http://img196.imageshack.us/img196/.../brfcase.jpg

So that's what I'm dealing with a case /w coins in zipped locked bags. It's a bit daunting, but I'm trying to get it orginized and cataloged. I'll post more pictures as I get my head around it better.

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 Posted 04/10/2011  8:55 pm  Show Profile   Bookmark this reply Add Scooby Due to your friends list
Third party slabs or not, that looks like it would be a blast to go through!
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 Posted 04/10/2011  8:58 pm  Show Profile   Bookmark this reply Add Flook to your friends list
wow the picture of the briefcase is pretty exciting.....could be some hidden gems in there......cant wait to see some pics!! the people on this forum will deffinitly be the most unbiast people so any pics and questions would be best answered here....not knowing any reputable dealers can be scary because there are some people out there that will not give you honest answers and appraisals......if I were you id stick with this forum and ask as many questions as you can and post as many pics as you can......good luck with whatever you decide to do with them, but I'm sure everyone here would love to see whats in the mysterious case ;)
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 Posted 04/11/2011  03:27 am  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list
lewis, I would recommend sorting the coins into two groups, those graded by PCGS and NGC (Numismatic Guaranty Corporation) in one group and the rest in another group. PCGS and NGC are the two most trusted third party grading services. Doesn't mean they are always right on their grading but they are heads above the others. The non PCGS and NGC slabbed coins you can upload pictures to your file hosting service so the people on this forum can help you with the confirming the grades of them.

In the PCGS / NGC pile you can post a list of the coins and their grades here so members can give an idea of an approximate retail value so you know what you have there. For example PCGS $1 1887-S MS-65 or NGC $1 1883-CC MS-63.
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 Posted 04/11/2011  11:45 am  Show Profile   Bookmark this reply Add Jaymon74 to your friends list
That's definitely a briefcase of coins that got my attention! Holy cow!

Hope to see more photos!
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 Posted 04/18/2011  4:06 pm  Show Profile   Bookmark this reply Add lewisb62 to your friends list
Hey everyone,

Thanks for the tips, tax season is almost over so hopfully things will die down so I can tend to this. Sorry for going mia. ;)

Right now sorting it is the challange, some of the coins have been graded / priced with a post-it on the back. I'd like to get an inventory of everything, then maybe get a few quotes on the pricey ones from some coin shops and on-line. Any suggestions for coin shops in the Chandler / Mesa Arizona area?
Edited by lewisb62
04/18/2011 4:09 pm
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 Posted 04/18/2011  5:01 pm  Show Profile   Bookmark this reply Add w1a9c8k5 to your friends list
I would have a hay day goign through that. You best bet is post pictures on here and or going to a dealer and asking him for an estimate for insurance purposes. That way he doesn;t give you an estimate and then try to buy the collection.
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