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My mom is interested in buying some old coins

 
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Valued Member
United States
114 Posts
 Posted 03/13/2018  2:09 pm Show Profile   Bookmark this topic Add Shoesnsocks to your friends list Get a Link to this Message
My mom wants to buy some old coins. I was thinking about suggesting she get a roll of old silver coins from the U.s. or another country. What is a good site to order from and what kind of results do you get? Do you pretty much just get a bunch of cool coins worth melt value or do some cool varieties show up sometimes or higher grade coins?
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 Posted 03/13/2018  2:27 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
Define "old".
It means different things to different people.
At what date will your mom start considering a coin old?
Describe it as if there were no picture.
Picture it as if there were no description.
Valued Member
United States
114 Posts
 Posted 03/13/2018  2:34 pm  Show Profile   Bookmark this reply Add Shoesnsocks to your friends list Get a Link to this Reply
I know when she like Buffalo nickels, and when she found a Winged Liberty dime last night while looking through someones collection she really liked it. But I bet if she happened upon a surprise 1800's or 1700's American coin she would get really excited.
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 Posted 03/13/2018  2:42 pm  Show Profile   Bookmark this reply Add RoyCoinBoy to your friends list Get a Link to this Reply
If "old" ranges from 1700's all the way to 1940's, you'd be looking at some drastically different coins with drastically different price points. Whats the most you'd like to spend on this gift?
If my metal detector detects a metal medal, does it not, at that point, become not only a metal detector, but a medal detector and a metal medal detector as well?
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 Posted 03/13/2018  3:09 pm  Show Profile   Bookmark this reply Add Parklane64 to your friends list Get a Link to this Reply
Why?
I would also collect chocolate coins, except for that one problem.

ANA # 3189614
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 Posted 03/13/2018  3:18 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
to the CCF!

We need to know several important factors about the coin.

What is your price range?

Do you want coins that are very large like a Morgan dollar, or smaller like a Mercury dime?

Do you want the coins to be in a relatively good condition? (For example, VF to MS) Or are you okay with coins that are more worn? (AG to F)
Collector of all classic US coinage.

How to identify cleaned coins: http://goccf.com/t/319679
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 Posted 03/13/2018  3:31 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
You may be jumping in a bit over your head, in both prices and your knowledge of coins. Old coins are worth more therefore cost, sometimes cost a lot! Around here a figure for buying silver is around 13.3 times its face value, hence a dime is roughly worth $1.35, $3.50 for quarters, and halves are $8.50 up. This is about the least you'll pay a reputable dealer. A roll of 40 dimes will be over 50 bucks, Mercury dimes $75, welcome to the big time!

I would suggest two things to try. LCSs usually have some junk silver bins. These are worn, scratched coins, that can't be sold for top dollar. You may pick up a few for under $10-20 for a good selection. Or try buying at auctions. Local estates or on line auction sell lots of coins, like this one. The bids will go up, seen it at about $20-25 for this lot of buffalos. These nickels are about the cheapest "old" coin outside of wheat cents to buy in quantity.

https://www.proxibid.com/aspr/Bag-o...lid=40984063
Edited by Crazyb0
03/13/2018 3:33 pm
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 Posted 03/13/2018  3:31 pm  Show Profile   Bookmark this reply Add Chute72 to your friends list Get a Link to this Reply
Perhaps you could select coins that bring back fond memories.
For me that is Mercury dimes and Walking Liberty halves.
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 Posted 03/13/2018  4:01 pm  Show Profile   Check coin197's eBay Listings Bookmark this reply Add coin197 to your friends list Get a Link to this Reply
But don't pay more that 12.8x face! I just sold some Walking Liberty halves at 12.5x face to CCF members.
ANA Member since 12/2015
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 Posted 03/13/2018  4:15 pm  Show Profile   Bookmark this reply Add Shoesnsocks to your friends list Get a Link to this Reply
I guess I'm going to just have to talk with her a little more about it. By the way, what is an LCS? Is that like a pawn shop?
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 Posted 03/13/2018  4:37 pm  Show Profile   Check coin197's eBay Listings Bookmark this reply Add coin197 to your friends list Get a Link to this Reply
A LCS stands for Local Coin Shop.
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 Posted 03/13/2018  5:02 pm  Show Profile   Bookmark this reply Add paxbrit to your friends list Get a Link to this Reply
Just take her to the local coin shop or two, and browse with her, ask questions, that's what the staff is there for.

Avoid pawn shops. The coins are generally over-graded, and the staff is usually not knowledgeable about them, either. There is a reason why some folks sell their coins to pawn shops instead of coin shops.

And, DO NOT buy any modern post-1965 coins other than US bullion coins, until you learn more about them. There is a lot of junk on the market, from proof sets to private mints, and you want to avoid spending money on that garbage.

If you want a roll of coins, not just a few singles, look at a roll of UNC Franklins, or UNC pre-1965 dimes, or something like that. In modern bullion coins, maybe a silver Walking Liberty or two, or a Canadian Maple Leaf, something like that. The British Britannias are nice bullion coins.

Consider building a type set, which is an example of each coin design produced by a country, you could get some very nice examples of common-date coins for a little money and have a nice collection to look at.
Edited by paxbrit
03/13/2018 5:12 pm
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 Posted 03/13/2018  5:17 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
with paxbrit. The best way is to go to a local coin shop (NOT a jewelry or pawn shop) and ask questions. Do not buy anything after 1965 unless it's bullion, as coins from this time period are often junky and have little to no value. Not all old coins are expensive, it's just a matter of finding a design you like and that's in your budget.
Collector of all classic US coinage.

How to identify cleaned coins: http://goccf.com/t/319679
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 Posted 03/17/2018  07:19 am  Show Profile   Bookmark this reply Add Debrajc to your friends list Get a Link to this Reply
I would check to see if you have any coin shows coming
up in your area and take her and spend a few hours there
looking at coins. I have been taking my son to coin shows
since he was about 8. He still finds time occasionally
to go to one with me...20 plus years later.
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288 Posts
 Posted 03/17/2018  07:43 am  Show Profile   Check einstem's eBay Listings Bookmark this reply Add einstem to your friends list Get a Link to this Reply

Quote:
I would check to see if you have any coin shows coming up in your area and take her and spend a few hours there looking at coins


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 Posted 03/17/2018  07:49 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
I'm going to make this short and sweet . You get what you pay for . But if your mother doesn't care about value right now ,there are many coin lots on e-Bay .
Don't take life too seriously and remember it is just a passing fad ......
Michael Philip Jagger

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