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Fire Damaged Coins

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Valued Member

United States
439 Posts
 Posted 07/17/2007  4:32 pm Show Profile   Bookmark this topic Add TSOTL to your friends list Get a Link to this Message Number of Subscribers
Anyone know what to do with fire damaged coins? Can they be saved with one of these conservation outfits and how pricey would that be?

One of the girls at work hit me up, it seems her grandfather is a casual collector, nothing high grade or fancy, but had been at it for a lot of years so it sounds like he had quite a lot. There was a fire at his place and the coins took some damage, dunno how much but she said things weren't melted together or anything like that. Of course he didn't have insurance on the coins themselves (ouch) so the insurance company is telling him he's on his own as far as the coins are concerned. He's bummed about the coins and doesn't know what to do with them now and I was wondering if anyone had any tips on this kind of thing. I told her to take them to a dealer and see what he said figuring grandpa would have buddyed up with a dealer or two in his time but she says shes pretty sure he just picked these up at auctions and flea markets, that kind of thing.

Sounds to me like grampa is screwed but I figured I'd throw this out there and see if anyone had any ideas.
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GO's Avatar
United States
6563 Posts
 Posted 07/17/2007  4:39 pm  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
Without seeing pictures to asses the damage there isn't much I can say. Someone should come along that has had some experience in this area
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biokemist6's Avatar
United States
12437 Posts
 Posted 07/17/2007  4:46 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
NCS charges a 1% evaluation fee and a 3% conservation fee based on of the estimated fair market value of the coin with a minimum $15 fee. As you can see, it will get pricey unless the recovered value of the coins justifies it.

http://www.ncscoin.com/conservation...and_fees.asp

If they are just common date silver coins, he can always get silver melt value out of them at least.
Bedrock of the Community
United States
20753 Posts
 Posted 07/17/2007  9:04 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Your question is to vague. You would have to actually see the type of damage that was done to the coins. For example if the coins were in any type of plastic holders or albums, the damage may only be plastic melted onto the coins. If the coins were in paper rolls, envelopes or cardboard they may just be darkened from smoke. On the other hand if the heat was intent and some coins were of the Zinc Cents, they would have melted onto other coins and that is fairly well the end. So much depends on just what was done. My suggestion is to ask if you can see them. If they are all melted together, to late. You would really have to see them yourself to ascertain the amount of damage. If those coins were in a metal safe with a nice fire rating, that is one of the mistakes people make. This does not stop the heat, only prolongs the ability to get inside faster. If those coins were in a safe, the heat still builds up if the fire is intense and the heat then stays inside longer once the fire is out. Also, if coins are in Albums such as Whitman or Dansco or others the platic slides melt right onto the coins and that is the same with slabbed coins.
Again, I would suggest you ask if you can see those coins.
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USArmyParatrooper's Avatar
United States
1283 Posts
 Posted 07/17/2007  10:16 pm  Show Profile   Bookmark this reply Add USArmyParatrooper to your friends list Get a Link to this Reply
I actually looked at some fire damaged Half Cents at a dealership near my house. The guy cleaned the coins with nothing else but hot water. To my untrained eye I couldn't tell there was fire damage. But that's not to say someone experience easily wouldn't notice.
Valued Member
Canada
86 Posts
 Posted 07/18/2007  5:03 pm  Show Profile   Bookmark this reply Add fastback13 to your friends list Get a Link to this Reply
I don't know about coins, but if they have any banknotes that are burnt you should contact the mint and see if they have a free service available to the public (or know about one).
In Canada, if any banknotes are burnt in a fire you can actually send the burnt notes to a branch within the Bank of Canada and they have a dept specifically for going through and calculating the actual loss. It will only be for face value of the note but it is free and something is better than nothing.
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