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Replies: 64 / Views: 7,126 |
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Valued Member
United States
349 Posts |
This post makes me sad. Take some time, learn about the coins. At the very least, if you have a lot of silver, hold on to the silver as an investment. Silver price is going up and is safer than paper money. Great opinion article about keeping silver. http://coinbidders.com/WhyBuyMetals.asp
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Pillar of the Community
United States
1436 Posts |
No where did I ever see what type of coins they are and how many there are... Talking hundreds or thousands? Silver, gold included? Everyone has offered good advice so far.
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Bedrock of the Community
United States
20753 Posts |
 Unfortuately coin collecting is mainly a hobby. People like to think of their hobbies as a means of aquiring a somewhat item for a future monitary gain. In many instances that does happen but in many others, monitarily there is a loss. Coins are one of the few hobbies that has endured that problem to a degrree. By that I mean so far coin collecting is seldom a loss in value. In the past people have collected trains, postage stampe, hot wheel cars, Beanie Babies, sporting cards, etc. and in most instnces those ended up as a monitary loss. Your problem is where and how to sell off a coin collection and not get ripped off in value. And it happens every day. One dealer I know at a coin show tells me he buys sometimes up to 10 collections a Month. And usually only offers about 50% of it's real value. But then you must realize that is buisness. If you want you can check out dealers at coin shows or a coin store. If you take time and approximate your collections value based on prices listed in places like Numismedia web site, you may find it's approximate value. If still interested in selling the entire collection, whoever you try to sell it to, show them your estimate. Normally they will offer much less though. Or as already stated, you may find a hobby for yourself in coin collecting.
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New Member
 United States
27 Posts |
Thank you for all the great advice! First, I rearranged the coins by country. Second, I rearranged the US coins by denomination. Third, I set aside all the proof and mint sets. Now I will start my research. Thank you again and I will be sure to post pictures.
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Valued Member
United States
349 Posts |
Yes, show us pictures! Would love to see what your grandfather's interest was.
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Valued Member
United States
144 Posts |
Since you have arranged your US coins by denomination, group each denomination by decade. It will make your research go a little bit faster.
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Pillar of the Community
United States
1388 Posts |
 Can't wait to see them!
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New Member
 United States
27 Posts |
Here are a few snapshots I took. Doesn't show any detail. Just the general piles I've create thus far. Mint Sets:  Penny:  Nickels: 
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New Member
 United States
27 Posts |
Dimes:  Quarters:  Half-Dollars: 
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New Member
 United States
27 Posts |
Dollars:  Random:  Foreign:  Proofs: 
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Pillar of the Community
Canada
607 Posts |
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Valued Member
United Kingdom
115 Posts |
Jings, crivens, and help ma' Boab!!
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Valued Member
United States
112 Posts |
Wow, that is impressive. Good luck and keep us updated if you can.
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Valued Member
United Kingdom
115 Posts |
But seriously, I was in a similar position a few months back, although I had collected coins as a wee lad with my grandmother-My grandfather ran a bank (introduced 1st drive through bank to UK, never caught on though lol) and so I was helped into my interest. After having them all (improperly) stashed away for some 25-30 years, I decided I should dig 'em out, catalogue them and store them properly in 2x2's I was amazed at some of the rarities and values that these command. I am not wanting to sell any (just now anayway) so the value is interesting in the fact that there is a good reason a particular coin is valuable, and so that makes it fascinating in my opinion. With a more adult head (although only 34!) than when I collected them as a lad, I realise that this is something of substance and with enough variety/conjecture around many coins to hold an interest for many years. If I were you, and not knowing your financial position etc (from your photos I would gather your coins could raise a considerable sum) I would hold on to them long enough to come across a coin which is 100+ times more valuable than the next, and see what that does to your constitution! I would guess that it would then become hard to part with them. It's a strange tussle of the soul, knowing the value, yet not cashing in on it, forcing yourself to appreciate the alternative 'value' that these little round metal discs hold. I collect rare books and literally hundreds of other things, all with a view of enriching the soul rather than the pocket, and I might venture to suggest that this(your coin inheritance) is something which could provide such fodder!
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Valued Member
Canada
55 Posts |
You sir, have your work cut out for you. Thanks for posting those pictures, looks like you have a great collection there to start working your way through. The people here are very helpful when it comes to helping id coins, so if you get stuck don't hesitate to post something here.
Good luck and happy sorting.
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Replies: 64 / Views: 7,126 |