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 Replies: 11 / Views: 1,593 |
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New Member
United States
3 Posts |
Hi everyone I just signed up to the site to ask a few questions. First off I want to say nothing is for sale at this point lol. I just want to get a value for certain things. The collection consists of proofs and circulated coins. First question is about the proofs. I have some pre 64 proofs some newer proofs and some newer silver proofs including some 99 and up with the State Quarters. I've seen what certain years go for on ebay (actually items being bid on) and was wondering if that's the best they are worth? The other question about the proofs, if possible to tell, will the value of these go up eventually say 10,20, 30 years from now. For the circulated coins, I know what was paid for most coins, which were probably purchased over the last 20 years. Some have pretty high prices compared to most of the others. I was wondering if it is worth having them graded first, which company is the best to use for grading, and if I wanted to sell where is the best market where I would get the most money (ebay, coin shops, bring to shows, etc)? These might be the first ones that might be sold depending on the value. Again nothing is for sale as of yet so don't get excited for another newbie who inherited a collection lol. I don't need to sell anything but might be interested in turning some value into other hobbies I am more into. Thank you in advance for any help, Ross Staff edit: No need to mention trades at this time. |
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Pillar of the Community
United States
2669 Posts |
Welcome to the forum, Ross. Just a quick note - you don't have to worry about anyone asking if anything is for sale - we're an education forum first and foremost. Plus, you won't be able to sell here until a certain number of quality posts and length of time anyway, which is right in the rules you just read before registering. While sale and trades do happen, we like to get to know people first  You will get *many* suggestions for your questions, and please do read through the forum topics as there is a wealth of information here. Again, welcome to the forum  |
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Pillar of the Community
United States
1388 Posts |
 Glad to have you here. Addressing your first question about your proofs, we can't really assess value or offer any insight until you post pictures of what you have. On your second question regarding circulated coins, the same basically applies. We need to see pics of what you have. If you have questions regarding picture-taking, check out: http://www.coincommunity.com/forum/...?FORUM_ID=81dedicated coin photo forum. Good luck and enjoy your experience here!  |
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New Member
 United States
3 Posts |
Thanks for the reply. I have dealt with many public forums of all different genres and I have seen people try to jump on the first steal of a deal they can when they here " inherited" lol. And yes I am browsing as we speak and gaining lots of knowledge. |
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New Member
United States
3 Posts |
I dont have the coins with me right now, but for instance there's a commemorative half dollar that has a price of over $1000. I dont remember any details on what it was and I know there were quite a few other commemorative half dollars that were starting around $30-$40. So should I get some pics and post the coin here first and see what everyone values it at before I send it away to get graded?
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Pillar of the Community
United States
1388 Posts |
That would be a good course of action... The CCF has many experts on commems.
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Bedrock of the Community
United States
20753 Posts |
You may well be surprized at how many people get a collection the way you did and with no previous interest in coins, ends up being a coin collector. To start with you should look up what you have. An easy way is to look for a copy of the Red Book by Whitman Publishing. Althoug the prices in that book are excessive, the information is really worth the price of the book. For prices ebay is a fantastic way to see what a coin is selling for. So many say to check Numismedia or the PCGS web sige but those ar prices you would never get yourself unless you start using ebay and even then, maybe not. Make a list of what you have and the approximate condition of the coins. Doesn't have to be exact since your not selling them or at least not yet. Knowing the grade or condition will also make you more aware of what you have. Of course you could just place all of them in a box and send to me. And you pay postage of course. This way no more worries about coins.  I say that alot and no one ever takes me up on it. I wonder why. |
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Pillar of the Community
United States
2543 Posts |
to the forum, if however briefly. Don't know if the best way to garner assistance is to continue to insinuate that everyone here is just waiting to prey on a "newbie" with an inheritance, desperate to sell. But ........ Best course of action would be to catalog all your coins into type and date and ,as best as you can, condition. Check ebay and other auction sites for prices.Check Red Book for relative values and take pictures to post. and don't worry, you can't sell anything on here anyway, until you have been around long enough to have 250 posts so , really, the only thing you can do here is get great unbiased help, with no hidden agendas. Edited by denco7
01/05/2014 5:46 pm
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Pillar of the Community
United States
1436 Posts |
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Valued Member
United States
477 Posts |
Welcome and congratulations on your new found hobby :-) If we knew where you live I'm sure there's probably a member close that would be happy to help you sort through what you've acquired. Like you, I inherited (by marriage) a small collection that got me kick started into collecting. Other than about 50 lbs of pennies I don't have a lot of the original collection left, have upgraded most of it and have settled on modern silver proofs as my niche. Rick |
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Pillar of the Community
United States
3453 Posts |
to CCF! I agree with everyone who said please post pictures, especially of ones that had a larger purchase price. If you decide to take the collection to a local coin store (LCS) for appraisal, please remember that the pricing you receive will probably be lower than you could get if you sold individually. LCS has overhead and needs to turn a profit. Another option (after you post the goodies here ) is to take it to an LCS and have them appraise the collection for insurance purposes. I helped someone last year do that with an inherited collection and while there was a fee for that service, it helped to see that my estimates were not that far off from insured estimates. This may also give you time to reflect on what you would like to keep and what you would like to sell. |
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Pillar of the Community
United States
3486 Posts |
"I dont have the coins with me right now, but for instance there's a commemorative half dollar that has a price of over $1000. I dont remember any details on what it was and I know there were quite a few other commemorative half dollars that were starting around $30-$40. So should I get some pics and post the coin here first and see what everyone values it at before I send it away to get graded?" YES! The best place would be here: http://www.coincommunity.com/forum/...p?FORUM_ID=3I would suggest that you read through commems topics: http://www.coincommunity.com/forum/...lay&id=17324Other members may suggest other commemorative 'experts.' |
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Replies: 11 / Views: 1,593 |
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Posted 01/05/2014 4:21 pm
