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 Replies: 15 / Views: 3,430 |
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New Member
United States
0 Posts |
I bought these in 1978 and am looking for advice as to whether is worth the time to investigate the possible numismatic value of these coins or just sell them by weight.
Any advice or comments would be appreciated.
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Valued Member
United States
297 Posts |
 I would definitely give them all a look through as even though them may have been searched back in 1978 and the key dates taken out thanks to the internet there are many varieties discovered and shared that may not have been recognized or published back then. If you need the money sell them. If not, pick out the best of each year and mintmark and put them in an album (and sell me the rest so I can fill in the holes in my album  ) |
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Pillar of the Community
United States
3345 Posts |
if you don't have one already, buy a Red Book. It will give you rough value and rarity for all US coins. This should help in your search. You could make a lot more money separating the coins than selling them by weight, if you come across any valuable dates. |
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Bedrock of the Community
Australia
21786 Posts |
BNewbold: You lucky man!
BTW, Welcome to the CCF!
Put aside all of the coins that appear unworn first. Then go through the lot again for dates and mint marks and obvious varieties and errors, and put these aside.
I would at least build up two date / mint mark sets from the coins you have, and put them into albums.
If your eyes have not blown themselves to bits by this time, start again with the coins you have put aside and grade these. It should not be too hard to find grading guides with pictures on the 'Net to help you.
I am sure if you wish to sell any of these after that amount of work, you won't be short of prospective buyers. By doing the work, you will have increased the value of your holding, probably by some quite considerable amount.
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Pillar of the Community
United States
2335 Posts |
I'd advise checking for key dates, but whatever you do don't sell them by weight. A dollar face value of totally worn coins will sell to a dealer for the same amount as a dollar face of unworn coins.....even though they may weigh 5-10% less.
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Valued Member
United States
208 Posts |
I would second what everyone else has said. It is worth a check. You can see on ebay what similar coins are selling for. If nothing else you might want to go to google and do a search for "coin melt value". There is a site I have used in that past, it should be the first result, sorry I cannot post the hyperlink. This will give you the current melt value of silver coins. That is not a guarantee that you will be able to sell them for that, but it would at least give you a reference point to work off of. Edited by Rewster
11/05/2011 10:03 am
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Pillar of the Community
United States
1406 Posts |
Prices of Washington quarters have gone up so much in the last 10 years. If you have some that are in mint or near mint condition you may be sitting on a valuable stash. Even worn Washington quarters from some early dates will bring more then silve value these days. If you need any help, you have found the right place. The friendly people here are a wealth of knowledge. Good Luck! |
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Valued Member
United States
187 Posts |
a quarters melt value is $6.17 11/5/2011
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Bedrock of the Community
United States
11951 Posts |
I agree with other, you should always check them first.
FYI - We have a guy come into the coin shop lately that likes to by a pound
of silver coins. It has been right around $500 for the pound.
(once we weigh it, we figure out face value and then the price)
Most dealers buy and sell pre 64 coins by the dollar face value.
For example $1.00 (4 quarters) at 22X face would be $22.00
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Pillar of the Community
United States
2541 Posts |
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Pillar of the Community
United States
858 Posts |
Agree we Gothic Florin! Would love to see some pics!
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Valued Member
United States
297 Posts |
If you didn't search for keys hopefully you sold them soon after posting before silver tanked recently.
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Pillar of the Community
United States
1796 Posts |
If I can lend any advice, I'd strongly recommend that you go by the Blue Book prices, not the Red Book. If you choose to liquidate that many silver coins, you'll want to go through a dealer, and the dealer's price will be closer to what's listed in the Blue. ( Red Book is for retail prices, Blue Book is for dealer prices.) |
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Valued Member
474 Posts |
I never thought I would say this, but I really can't think of anything I would rather do than sit down and sort through a 20 pound bag of coins.  I think I might be hooked?
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Bedrock of the Community
United States
10635 Posts |
Are you kidding? As a roll searcher and general hunter, I'd LOVE to get my hands on that many coins! Even if searched before back in 1978, most likely they weren't searched for errors or varieties. To become knowledgeable about what you have, buy the Red Book for U.S. Coins. It's easier to use having the spiral binding. |
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Pillar of the Community
United States
3276 Posts |
Holy cow, I would love to see that stash!
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Replies: 15 / Views: 3,430 |
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Posted 11/03/2011 9:34 pm
