Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Shop for APMEX Bullion on eBay!Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. 300,000 items to help build your collection! Coin, Banknote and Medal Collectors's Online Mall Join Thousands of Coin, Bullion, & Money Collectors Specializing in Modern Numismatics Vancouvers #1 Coin and Paper Money Dealer








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

How To Find Out Coins Value?

To participate in the forum you must log in or register.
Author Previous TopicReplies: 8 / Views: 2,018Next Topic  
New Member

United States
1 Posts
 Posted 06/27/2007  12:18 pm Show Profile   Bookmark this topic Add philamom to your friends list Get a Link to this Message Number of Subscribers
Hello

I am hoping someone can provide some advice. My grandfather left my mother many (boxes worth) coins and we are looking to find out the value of them but have no clue where to start. We do not want to go in blind and end up getting taken. We are in PA. Any advice?
Thanks
Moderator
Learn More...
GO's Avatar
United States
6563 Posts
 Posted 06/27/2007  12:21 pm  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
If they are all US coins I recommend getting a RedBook. It has detailed information and pictures of all US coins.

Are the coins in holders? If not and they are loose be careful to never clean them and hold them only by the edges just in case they are valuable.

See if you can take some pictures of the older ones so we can take a quick look to see what you have.

Welcome to the Forum!
Pillar of the Community
Vaslin's Avatar
United States
914 Posts
 Posted 06/27/2007  12:40 pm  Show Profile   Bookmark this reply Add Vaslin to your friends list Get a Link to this Reply
Here's a link to the Red Book on Amazon.

http://www.amazon.com/Guide-Book-Un...62092&sr=8-2

You can also check out https://www.pcgs.com/prices for online price guide that can give you an approximation of the values.
Pillar of the Community
hunter20ga's Avatar
United States
1173 Posts
 Posted 06/27/2007  1:15 pm  Show Profile   Bookmark this reply Add hunter20ga to your friends list Get a Link to this Reply
Hi there, Philamom. Good advice so far, especially that bit about cleaning coins. Just don't do it!

There are many ways of finding out possible values for these coins, but all of them will require you to trust someone. A coin's value is based on its scarcity, its condition, and its grade. Grading coins is an art form, more than a science. If you are a complete novice, then I strongly encourage you to seek help from a pro to grade these coins. Even if they are in holders and are marked, the grades may be wrong. As I said...it's more art than science sometimes.

If you had just a few coins, the best way to get started would be with the friendly folks right here at the forum. With "boxes" of them, well, that get's harder.

Here's some questions that might help you at least get started:

1. Are these modern US coins that you could likely find in you pocket change, or are they "old coins" that no longer circulate?
2. Are they silver (dimes, quarters, halves, etc. minted 1964 or earlier?) Nickels and pennies generally are not made of silver. If you have silver coins, even if they have little collector's value, they have "melt value" for the silver that will be many times face value.
3. Are any of the coins gold? If so, they, too, will have melt value many times face value. Gold is soft...so gold coins are easily damaged. Handle them carefully because a dent, ding or dimple can cost you hundreds to thousands of dollars if the coin is collectible.
4. Are any of the coins REALLY old (from the Civil War or earlier?)


Separate foreign from domestic coins. In the US coins, separate old coins from current ones. Use a Red Book to at least get a feeling for what may be valuable.

If you have a digital camera...you can post pictures on this forum; we can help give advice...

If there is a coin club in your town/city, you may be able to get help there, as wall. Coin shops vary dramatically from one to the next, but if someone you trust recommends a particular shop, they can help too.

Finally...if you think you've got a coin (or total collection) that is VERY valuable, proceed with caution if you choose to sell. Again, people on this forum can give great advice if and when you get to that point.

Best wishes...
Bedrock of the Community
BadThad's Avatar
United States
19942 Posts
 Posted 06/27/2007  4:28 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
I was in a simular situation just a few months ago. My advice....TAKE YOUR TIME and get ready spend a LOT OF TIME on this project. Follow everyone's advice here.

Hunter is on the right track, you need to divide everything up. Personally, I do it by demonination, i.e. pennies, dimes, quarters, etc. It's much easier to look at them in RedBook sections because that's how they are typically grouped. Definately get that RedBook ASAP, it's a great guide. Also, start an Excel spreadsheet right away, that will help a lot. Also, get yourself some cotton gloves and some 2x2 coin holders, you're going to need them.

You made a great first step by coming here. These folks have been a Godsend to me and my brother.

Good Luck
Lincoln Cent Lover!
VERDI-CARE™ INVENTOR
https://verdi.care/
Valued Member
lonnie's Avatar
United States
250 Posts
 Posted 06/27/2007  7:17 pm  Show Profile   Bookmark this reply Add lonnie to your friends list Get a Link to this Reply
Great advice given. Don't think there is much more that can really be added.

Good luck.
Pillar of the Community
tights24's Avatar
United States
2254 Posts
 Posted 06/27/2007  7:23 pm  Show Profile   Bookmark this reply Add tights24 to your friends list Get a Link to this Reply
Great advice. Where in PA are you. Approximately.
Pillar of the Community
Tpatna's Avatar
United States
1626 Posts
 Posted 06/27/2007  10:51 pm  Show Profile   Bookmark this reply Add Tpatna to your friends list Get a Link to this Reply
I agree, start with the RedBook. You can also search ebay to get a good idea what they sell for as well.
Pillar of the Community
USArmyParatrooper's Avatar
United States
1283 Posts
 Posted 06/28/2007  02:16 am  Show Profile   Bookmark this reply Add USArmyParatrooper to your friends list Get a Link to this Reply
philamom,

If you don't know coins at all, it can be very tricky to accurately appraise your coins. But you can get a general idea. Most coins are pretty cut and dry, considering three factors. Year/Mint/Condition. But then you have to remember there are varieties and errors that may be tricky to spot, and determining the grade takes experience.

If I were you I would bring them to a local dealer. Offer to pay a nominal fee (they might refuse to accept money) for them to appraise your coins for you. Make sure you make it clear that you do NOT intend to sell them. That way, if the guy is shadey, he won't try to down-play your coins.
  Previous TopicReplies: 8 / Views: 2,018Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.3 seconds to rattle this change. Forums