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Replies: 27 / Views: 4,538 |
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New Member
United States
20 Posts |
I inherited my mother's coin collection. I have no idea with to do with it. I know that some of the coins are silver or partially silver. I know there is a difference between what a collector would pay and the melt value. How do I go about having this collection sold without getting ripped off due to my ignorance? Help is appreciated and I thank you in advance.
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Pillar of the Community
United States
802 Posts |
You have come to a great place where people here would love to help you. If you can get a few pictures of your collection posted, we can tell you more about your coins and the values.
I wouldn't recommend selling your coins to any dealer. There are plenty of people on this site (including myself) who would pay spot for coins (which a dealer wouldn't).
Also if there are any rare or unique coins, we could let you know, so even if you did decide to go to a dealer, you knew he wouldn't rip you off.
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New Member
 United States
20 Posts |
Ah thank you for your response. Umm there are a lot of coins. I know the Morgan dollars are valuable and the Walking Liberty halves. Perhaps I should start with those? I need to figure out the best way to take pictures of them as well.
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Pillar of the Community
United States
1150 Posts |
WELCOME! First, you can't sell your coins here on this site until you have the required number of posts, so it goes without saying that no one here can offer to buy them without you having the required number of posts. Once you do have those posts, if its worth it to you to do the posting and get involved here until you reach that goal, then you will find that you will have plenty of interested buyers here who pay very fair prices. At the very least, we can inform you as to what you may have and its/their value. You can always sell on ebay and no doubt get realtime fair market values, but fees will eat into your income. Craigslist is an option, just take safety precautions. Dealers are safe and fair, but will definitely want to make money off of your coins so you will not get market value, and thats assuming you go to a FAIR dealer. Anyhow, first and foremost, lets see some good pictures of dates and mintmarks so we can help you! ;)
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Pillar of the Community
United States
2150 Posts |
Hi, and welcome! First, don't clean any of the coins in no way. Cleaning them could possibly destroy any collector value of the coins. Second, if you can't get pictures up right away, you could put a list of what dates and mint marks you have. We could let you know if anything stands out and we can go from there.
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Bedrock of the Community
United States
11951 Posts |
My opinion .. if you are going to sell. 1 - Separate the common coins from those that have more than melt .. or common value. 2. - Once you have the better coins identified, determine what would be a good price range that each coin could sell for. Both of these steps, the members here can help you with. For example - Roosevelt dimes, if they are all circulated, then they are mostly just worth their melt value. Which today is just a little over $2.00 each (I am just giving ballpark price) Many Walking Liberty half dollars fall into this same group, melt value, with exceptions. For these better date and condition means better than melt value. Some of the better date Walking Liberty half dollars are 1921, 1921 D, 1921 S and 1938 D. For us to give you the best advice for value it would be easier if you posted a list and for many we would have to see pictures to determine grade and condition.
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Pillar of the Community
United States
4212 Posts |
Let's see your purrdy coins, Kitty!
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Valued Member
United States
122 Posts |
Texaskitty welcome to CCF. wrestling_ 135 is right you did come to the right place. as you inherited your mothers coin collection It happened to me inheriting it from my father. I am as green as you are but I am learning fast and so will you. I cannot offer you expert advice but there are a lot of experts in this room that have pointed me in the right direction as to what I wanted to do with my collection. on your letter you didn't mention if your coins are international or U.S. if you do have U.S coins then I would recommend that you buy "the official Red Book United States coins 2012" published by whitman. it only cost about $15.00, it has pictures , easy to read and very good base on what the value of the coin is worth. you can pick up the book at a coin dealer , amozon or a book store. Good luck with collection and I hope I did give you some insight.
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Pillar of the Community
Australia
7096 Posts |
If I inherited a coin collection I would cherish it and not try and sell it at an instant's notice. Why not just build on what you have and pass it along to the next generation. Just my opinion 
Edited by trout1105 03/20/2012 09:07 am
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New Member
 United States
20 Posts |
ah I have found the right place! I did buy a Red Book when I first inherited the coin collection but it is outdated now, I simply didn't have the interest to pursue it. My mother's recent death probably had something to do with it. I am on disability and have been hospitalized 2 times in the last 6 months, hence me looking to find out what I have and what its worth and sadly, trout, there is no one to leave the coins to. And better the coins than the 1977 Style A Star Wars poster! I will be working on a listing/pictures as I can and I thank you all for your welcoming attitude and helpfulness.
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Pillar of the Community
Australia
7096 Posts |
Quote: sadly, trout, there is no one to leave the coins to.
Very sorry to hear that  , It is sad when that happens. Post your pick's and the experts on this site will let you know the true value of what you have so that you do not get shafted when you sell the coins. I sincerely hope things get better for you 
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Valued Member
United States
172 Posts |
@Texas kitty So sorry for your loss and current medical problems...I have a friend who sold off many multiple thousands of dollars of his late Father's collection. All the cash was spent and now has only regrets as his interest in coins has re-ignited with a passion. Please do NOT sell them! However, if you MUST..... The BEST way to make money in my opinion is through a third party auction...they will take care of everything, but make sure they are reputable...I would contact Numismatic Auctions in Lansing, MI...send them in via registered mail only (not certified) with return receipt....they must be taped up in a certain way to meet postal regs...I just got off the phone with Steve and mentioned your situation to him...he is busy putting together their catalog right now, but he could possibly broker your collection to a very interested collector depending on what you have. Did you make an actual list of what you have? That may help...These guys have been around over 30 years and they know what they are doing, my father did a lot of business with them over the years, both buying and selling...So call Steve and chat with him, I am sure he can really help you if you want to go down that path...
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Rest in Peace
United States
9104 Posts |
 , texaskitty!
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Pillar of the Community
United States
3540 Posts |
Can you take pictures of the coins? Don't necessarily need closeups, but good, clean, clear, well lit will suffice.
The people on this site might request individual pictures based upon the initial and/or ask some specific question and/or give detailed descriptions of items to look for.
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Rest in Peace
 United States
1380 Posts |
Don't forget that Forum Mom and Dad (Susan and Bobby) can also sell your coins for you, and are very reliable. At least we all rely on them.
Click on the Coin Consignment link on the left under Navigation.
Edited by jgfindring 03/20/2012 6:18 pm
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Pillar of the Community
United States
2661 Posts |
Here is just a suggestion Ms.Kitty. Unless you really need the money right now why don't you hold onto them, hang out here with us a while and learn about the hobby. You may just find that you will be glad you did not sell them after all.
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Replies: 27 / Views: 4,538 |