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 Replies: 6 / Views: 1,319 |
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New Member
United States
1 Posts |
Hello all. Let me start by saying that I'm not a coin collector in any way, shape or form. My step father was, and, when he passed away, his collection went to my mother, and from her to me. I'm honestly not sure what I have, so I thought I'd ask those who know much more than I do. I'm trying to find out things such as, should I insure these coins, and, if so, for how much? The rough sale value of each coin/collection, versus what I should insure each for, if anything. I don't have a digital camera, so I can't post photos, but below is a list of the coins with, what I hope, is helpful information on each. $5 gold piece - 1898 S. - Condition: Excellent (Possibly Mint?) It is in a plastic protector, has no fingerprint smudges that I can see, and might even be uncirculated, but I'm only saying Excellent condition because I'm not certain of the rest. A Jefferson nickel Collection - 1938-2001 (All mints; P S & D) - Condition: Uncirculated/Proof (These are also in plastic protectors.) Washington quarters Statehood Commemorative Set - 1999-2001 (All mints, P S & D) - Condition: Uncirculated/Proof (Also in plastic protector.) Could those of you out there who know provide me with more information on these coins, their sale value, if any, insurance I should purchase, if any? I'd sincerely appreciate any help you can offer. Elara |
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Pillar of the Community
Australia
3831 Posts |
Hello Elara and welcome to coincommunity.com  The best thing to do is actually to provide pictures, especially the 5 dollar gold piece as non coin collectors often try to "overdescribe" the grade of the coins, often overgraded. I'm not saying that you are being dishonest but numismatics see things in a different way. I don't collect US coins, so I can't give you any good estimate, but do let the others comment on what value you might have there. Welcome to coincommunity once again! |
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New Member
United States
20 Posts |
I was in a similar situation earlier this year when my father decided he was going to sale his coin collection unless my brother, sister or I wanted it. Neither my brother or sister had any interest, but I did even though I wasn't a collector. So to try to divide its value between us, we decided it needed to be appraised. Accordingly, my advice would be to ask around for any coin dealers or coin shops in your area. Take the items to a reputable dealer or shop and ask if they do appraisals. Even if you desire to sell them, I would advise you to at first indicate that you do not plan to sell. The appraisal figure will be much less than the retail price to purchase the items left to you. Once you get that figure you can then decide if you want to sell to that dealer (assuming he or she is interested in purchasing). If your coins have significant value, you can then look into alternative means of selling them, ie ebay or some other means. Hope this helps. |
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Pillar of the Community
United States
2254 Posts |
Hi Elara, and welcome to the forum. I am new to collecting as well and can share a little info I've picked up from the great people here. Go onto ebay or places like Heritage auctions and look at what the going value is of the coins that you have. Your gold piece is likely a minimum of $150-$200 coin in itself. As for the sets that you have, I would browse ebay and check the prices of completed auctions for them. If you have a scanner, you can also upload images using that. Almost everyone here will ask you to supply photos so that they can give you good estimates. Hope this helps. Tighe |
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Pillar of the Community
United States
2540 Posts |
big orange has a very good point, tell them that you do not plan on selling the set.
However, agree on a set price for the work, not a percentage of the value, that will (naturally) get you a high value and a high cost.
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Rest in Peace
United States
3730 Posts |
Welcome to the forum.
You are not a coin collector now, but perhaps one day you will develop an interest. If you do, this is a great forum which would be most helpful to you.
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Pillar of the Community
United States
751 Posts |
The following is a rough idea of what your collection may be worth: quote:
Originally posted by Elara
The rough sale value of each coin/collection, versus what I should insure each for, if anything.
$5 gold piece - 1898 S
Not a difficut date--refer to "type coin" values.
Most likely in EF/AU to low MS grade and worth $200-250
http://www.numismedia.com/fmv/price...ices53.shtml
http://www.apmex.com/shop/buy/5_US_...sp?orderid=0
If it's BU (MS-63 or better) it's worth $1000 and up.
A Jefferson nickel Collection - 1938-2001 (All mints; P S & D) - Condition: Uncirculated/Proof (These are also in plastic protectors.)
My CDN lists the Jefferson nickel set, 38-64 & 65-date (with proofs) at $325-$355
Washington quarters Statehood Commemorative Set - 1999-2001 (All mints, P S & D) - Condition: Uncirculated/Proof (Also in plastic protector.)
Mint sets plus State Quarter proof sets from these years are conservatively worth $150, with nearly all the value in the proof sets. If these are pick-outs from bags and packaged and mass-marketed by a coin show, they might be worth a fair bit less.
Hope this helps Edited by texasmick
12/28/2006 11:30 pm
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Replies: 6 / Views: 1,319 |
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Posted 12/28/2006 12:10 pm
