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Replies: 10 / Views: 1,459 |
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New Member
United States
33 Posts |
Just so you guys understand how many coins are in this collection. To be honest I am overwhelmed and just have no idea when to party because I found a coin worth a dang. Just a general idea what would you think a guy could get for a mystery box of error and variety coins ? Just going by a few coins I posted do you think I could get like $1000-$2000 for this box ? Keep in mind some of the coins are unc. without errors and what not. Also about $78 worth of coins that I have no idea they are not in holders so I haven't even looked yet. Sorry I should get a better picture but I would say 30lbs of coins. Also 8 coin books with coins also in the stack. 
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Pillar of the Community
Canada
2632 Posts |
Sorry but.. I wouldn't pay you anything near that not knowing whats in there, my bid $150 because of the books. If you showed us some of the errors and listed the rest then who knows how high it could go.
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Pillar of the Community
United States
3640 Posts |
May take you a while but you have to go through them and list what you have. Cents, nickels, dimes, quarters, half's, dollars ? Dates, mintmarks, quantities etc. Any silver ? Type of errors or possible die varieties. We would be more than happy to see what you have and maybe buy some or all.
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Pillar of the Community
United States
3184 Posts |
quantity doesn't equate to value you know that right? Meaning 10,000 wheat pennies isn't going to be worth thousands while 1 single key date Wheat penny could be worth $$$. Better pics and more detailed description please.
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Pillar of the Community
872 Posts |
Its best to take it to a dealer. Tell him straight up that you got this through your fathers estate and that your not planning on selling any of it. Tell him your looking for a free appraisal so you can add it to your insurance. That breaks the greed angle that some dealers will try to put on people who aren't sure whats in the box. If he offers a free appraisal, thats cool. bring in a piece of paper and ziplock bags and some post it notepads or sharpie markers. If he isn't willing to do it all, ask what publications he uses to get his pricing, and you may end up double checking his estimate. With what your offering in specifics here is what you will get in return - not much in the way of help or information because we simple do not know whats in there, and many know better than to reach in a box of chance. If you do it yourself, people tend to over grade coins. The best example I can give is, if a coin looks worn, but you can see most of the features, price it at the Very Fine level to get a general idea of what the coin is worth. If coins show no wear and have a nice mint luster, price them at the MS-60 or Uncirculated price. it is IMPORTANT to find the location and placement of Mint marks on these coins. Also note that mint mark locations have moved over the years, and depending on the year and denomination, it may take some time to find them, if they exist. And most importantly - any collectible is only worth as much as the collector is willing to pay for it. That means, depending on how/where you get rid of the coins, don't expect to get full value of the coins. A dealer would probably hold onto these for years, or have to pay fees in order to sell them on places like ebay or other commissioned sites. I suggest breaking out each type of coin and start making a list to include mint marks. if it is your collection, then you have a general idea whats in the boxes.
Edited by Collector-Corner 03/24/2014 07:40 am
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Pillar of the Community
United States
8904 Posts |
I would start with the silver coins in the 2 x 2 slabs. Maybe mark on the borders what they are and a grade guess? Then break out your RedBook to see a possible retail price. Good luck! You may very well have some nice coins in there. 
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New Member
 United States
33 Posts |
Thanks for the feed back. I was thinking of taking it to get an appraisal however I didn't know if there was such thing as free appraisals anymore. Also being really honest I sold about 30 uncirculated mint sets which were missing the envelopes which got me bummed out a bit. I went by original price on the sets not by the RedBook value and came up with around $400 well needless to say when I went to trade them in for silver eagles I got $150 for them. I was also told that 1/2 of the sets I would have been better just taking the coins out of the plastic and just spending them. Now as for the Silver and older coins. I collect these coins so I took them out right away and put it in the safe. So now I am down to uncirculated coins, world coins and error / varieties. Any how does anyone know I decent coin dealer in southern MN or northern IA that deals in these type of coins. Thanks Again
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Pillar of the Community
872 Posts |
I don't live in that area so I cannot help. I can suggest that if there is a dealer that carries the PNG designation, he is probably one of the more trustworthy individuals you could find. Try your favorite search engine. Put in COINS and your zipcode and see what comes up. As for error and variety coins, many can be misidentified. The big ones to look out for, penny cent wise are a lot of doubled dies from the following years; 1955, 1969, 1972, 1980 You can go to http://www.ngccoin.com/vp-categories.aspxThat place lists a lot of potential errors and sometimes can offer a picture of the coin. It may not reveal how much they are worth.... But; http://www.pcgs.com/prices/Will list prices. On the PCGS links above, open a coin you want to look over. PCGS typically lists business (regular) coins first and then the proof coins and specials at the bottom of the list. IF there is a + PLUS sign in the column to the FAR LEFT, that means there may be a variety for that year. For exmaple; From pcgs link above open up the Lincoln Memorial cents. Navigate to the year 1972... just the year, NOT the 1972 doubled die listing. There should be a plus sign next to the 1972 listings for the different toning...red....red/brown and brown. You can see the pricing of each variety of the 1972 Doubled Die Obverse ( DDO) there. On other years you will see Doubled Die Reverse ( DDR) and Repunched Mintmarks (RPM). Some links may offer pictures as well. This way you can educate yourself a bit and also get a general idea of what you have. I can help Identify the cents/pennies errors if any exist. As others have already mentioned, you will need to take nice clear pictures of these coins if you want help here. Simply drape some sheer cloth over a light to help illuminate a coin, or take a few outside in non direct sunlight. if your camera has a MACRO or closeup setting, turn that on, its usually referenced by a flower symbol. Don't over zoom on the coin, but get as close as you can. I typically do not zoom any closer than 2.0x. This site requires files under 100KB per picture. You can use your favorite picture editing tool to get the size down, crop as needed. Or, you can use a site like drop box to post pictures, then simply copy and past that link into your post. Preview the post prior to posting it for good. If you use a site like dropbox, then there is no size limitation and this site will automatically adjust the sizing for you.
Edited by Collector-Corner 03/24/2014 10:39 am
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New Member
 United States
33 Posts |
Thank you this will be very helpful in the future. I must say a lot of guys are very helpful on the forums I just wonder if I am just burned out on this stuff. So I might just take a break for a week. I wish I got the thrill of these errors like when I find a silver dime in my change. Then I think I could blast through a few more. I guess my biggest downfall is with a lot of these coins I see a lot of what I see as being die cracks, die gouge, grease strikes and MD's. At first I thought it was something special and then it turns to being a let down. I think so far the 2 Cud coins seem to be my best finds. I also think it would be easier if I had a way to take high quality photos to put on here but a loop and my droid just are not showing the detail I want you guys to see.
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Pillar of the Community
872 Posts |
Errors and varieties thickens your blood. if you can survive in that arena, you can survive just about anywhere in collectibles. People have used scanners, a cheap 40-60 dollar microscope, expensive microscopes, a digital camera with at least 8 megapixels, and some have been quite creative. The type of tool you want to investment is one you can afford and feel comfortable using. I personally use 2 different AmScope stereo microscopes, one cost me 145 bucks, the other well over 4 times that. I've invested alot in the equipment and continue to do so because it makes finding the varieties and errors alor easier. With the microscopes my son and I managed to pull out every single 1972 doubled die out of two 1972 5,000 count bag and by doing so, maybe our money back and a good fistful of profit. With my choice - the microscope, I can usually go through a LOT of coins in a short period of time, with the right lighting its easier on the eyes and you only need a stereo microscope that goes from say 3.5x up to 30-40x. To me anything higher than that is a waste. You might be able to find a microscope at a thrift shop or other location at a decent price. Most of the community here is willing to help and provide guidance when we can. I am straight up, I won't sugar coat something when it comes to collectibles. You'll hear the blunt truth from me 90% of the time. If I don't know, I will say exactly that. I don't know it all, and we all learn something new each day. So DON'T get frustrated. many of us have websites or even examples of coins to show in order to make the searching a little more fun and comfortable. In our last post, it seems like you already have a good start on categorizing your collection. Its important to put a side a few of the exmples and feel free to refer to them to see if what is in your hand resembles the reference. You hit it right on the head - the better the pictures, the more likely we can give you our best educated guess of what that coin is. Coop is an highly educated and informative mentor on this site, amongst many others. All will offer encouragement and advice, but its up to you to keep your head up and keep looking for those elusive coins. Being diligent and persistent will pay off - sooner or later ! = ) I like cents. So, I will research a year I want to buy rolls or bags of that year and mintmark. I will look over the websites that offer educational material, like http://www.coppercoins.com and http://www.doubleddie.com and look over what type of varieties are in that year/mintmark. People will buy from ebay alot, and the only encouragement I can give to you on that is this advice - If you buy from ebay, try to find a buyer who isn't a coin dealer, and that sells alot of different items. If they sell a limited amount of coins, there is a SLIGHT chance that they may have not searched through coins to pull out any potential varieties. so some one who might be a pawn broker on ebay, or sells toys, coins, dishes and other collectibles might be a good choice. I've been doing collectibles and coins for well over 35 years, and it still humbles me every once in a while. The BIGGEST thing to remember is, if the potential error / variety shows some sort of marker (ie die gouge or whatever) look for those first. Not all of them will show every marker - some may not show any markers at all. In the past year, I have been blessed - I have made purchases of penny bags that have over-produced varieties. But, on the "free" side of the house, the Penny Boxes I get from the banks tend to be - in Coop's infamous words - "Duds". So, I stick to what I know how to do, and thats find a reputable seller, haggle prices and if the lead produces, keep purchasing what you can afford. Keep Searching when you have the time and desire. Good Luck !
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Pillar of the Community
United States
8518 Posts |
Quote:If you buy from ebay, try to find a buyer who isn't a coin dealer, and that sells alot of different items. If they sell a limited amount of coins, there is a SLIGHT chance that they may have not searched through coins to pull out any potential varieties. so some one who might be a pawn broker on ebay, or sells toys, coins, dishes and other collectibles might be a good choice. Very good advice ! I bought an Indian Head cent for 1.50 free ship that's in the mid MS range from a seller of clothes, dolls, and such. Plus she had terrible pics. I gambled a buck and a half.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Replies: 10 / Views: 1,459 |
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