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Trying To Determine Value Of Inherited Coin Collection

 
 
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 Posted 05/12/2019  11:29 pm Show Profile   Bookmark this topic Add Jcaillier to your friends list Get a Link to this Message
Hello all. I used to watch my dad go through circulated coins searching for errors for years, I have now inherited his collection which includes many error coins, foreign coins, silver coins, a $1 California gold token, and coins from countries that no longer exist. I have no idea what they are worth and need to know where I can go to get them appraised. I would even be willing to part with some to the right collectors. I live in Port Leyden, NY, USA, and don't know where there are any reputable dealers I can take it to. I don't trust pawn shops as a rule, as you never get true value for something you take to them. Any help would be greatly appreciated. I will go through them all and post pictures here for you all to see, maybe you can help me out and I can learn something. Thanks.
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 Posted 05/12/2019  11:52 pm  Show Profile   Check Errers and Varietys's eBay Listings Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
It depends on the mintage, denomination, condition, and year. Other than that, I can't really give you the value of your inherited collection.
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 Posted 05/13/2019  12:20 am  Show Profile   Check tropicalbats's eBay Listings Bookmark this reply Add tropicalbats to your friends list Get a Link to this Reply
Probably too far away for you but a coin shop you can totally trust with selling a collection like that is Cameo Coins in Falls Church, VA. They do a lot of that kind of business and are super straight shooters. It is where I would go if I were doing such a transaction. Last time I was in there they had just spent a phenomenal sum on a collection out of Pennsylvania. They were discussing why the owner paid $2500 for one particular coin when the guy was only asking $2000 for it. The owner said that $2500 was a fair price and $2000 was not being fair to the seller. Can't find a better shop than one that will give you more than you're even asking.

As for things like the California gold token, you will need a good person to handle things like that. There are real ones, fake ones made of junk, and fake ones made of real gold. Quite different values depending on what you've got.

Anyway, if you've got the time we'd love to see some of the coins posted here as it sounds like an interesting collection. Although the answer to what something is worth is often "check eBay", you can get the experts here to help you figure out what the coin is, what it might grade, and generally learn a lot so you are better informed whether you decide to keep the coin or sell it.

Enjoy the process. Coins can be quite fun to learn about.
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 Posted 05/13/2019  08:10 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
to the Community!

Your post was moved to the appropriate forum for the proper attention.
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 Posted 05/13/2019  08:51 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Not an easy solution. So much depends on what they are, condition of them, who wants them, etc. To start I think you should get a copy of the Red Book by Whitman Publishing. At least in that book you would see approximate values of US coins and approximate estimates of conditions. As to any foreign coins, I have no idea.
just carl
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 Posted 05/13/2019  09:50 am  Show Profile   Bookmark this reply Add Jcaillier to your friends list Get a Link to this Reply
Here are a couple pics of the gold 1898 California dollar token. I know it is the real deal as my dad was a serious collector to have gotten a fake. When we were stationed in Fort Lee VA., he dealt with a coin dealer in Petersburg, VA. . He used to spend hours with the guy talking about coins.
Now my question is, what is this worth to a collector?


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 Posted 05/13/2019  09:51 am  Show Profile   Bookmark this reply Add thisistheshow to your friends list Get a Link to this Reply
Make sure you Do Not clean any of your coins in any way. No wiping at all.

Good luck!
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 Posted 05/13/2019  10:07 am  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
At any rate, the California token is not genuine. It does not look like gold, plus the real ones were last issued decades before 1898.
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 Posted 05/13/2019  10:43 am  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply


I'll echo that pictures are needed - even a group shot can give a good idea of what we're looking at. The vast majority of coin collections aren't worth more than a few hundred dollars, but you never know until you dig in and do some research. And older (2015-2018) copy of the Red Book is a worthy investment (a few bucks) to get a rough idea of the values of US coins.

World coins, with a few exceptions, aren't worth a lot, especially for base metal coins minted after WWII. Silver world coins are rarely worth much more than their melt value, again unless they are from before WWII.

California gold tokens are still being made today, as far as I know. They run the gamut from being solid gold to gold plated to brass. I'm not familiar with your coin, but based on the typeface used on the ONE on the reverse, I'd wager it was minted closer to 1998 than 1898. Genuine Cali gold is minted in the 1850s or 60s, always carries a denomination (dollar, dol., cents), and rarely depicts a bear.
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 Posted 05/13/2019  10:57 am  Show Profile   Bookmark this reply Add Dorado to your friends list Get a Link to this Reply
To the Forum.
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 Posted 05/13/2019  11:10 am  Show Profile   Bookmark this reply Add llewellin to your friends list Get a Link to this Reply
The token looks like a novelty item.
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 Posted 05/13/2019  4:02 pm  Show Profile   Bookmark this reply Add Jcaillier to your friends list Get a Link to this Reply
Tropicalbats, I plan to post pictures of the coins as I figure out what they are. There are a lot of error coins, in fact, I think that is what he loved to collect. That is what makes determining value so hard. Coin books don't give you that kind of value standard. I think error coins are valued at what collectors think they are worth. I was going through a few of them and there are a number of double,strikes in the collection, anx I haven't found it yet, but there should be one where Lincoln's head is almost completely separated from the planet. That one got dad really excited when he found it, though I don't know why.
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