Face Value For Old Coins

One word... No

Sounds like you have some silver in the mix. Those are easy sells, coin shops pay two to Three Cents for wheat pennies and steelies bring more than that. Sounds to me the bank is the last place you should go...if you do...tell me which bank so I can buy them! Lol

Just take them to the local coin dealer. Don't tell him you were going to take them to the bank. He will probably low ball you but even double face is probably worth the trip.

In a word, NOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
Why not just go out and buy a Red Book by Whitman Publishing. Should be able to buy one at any coin store, many book stores, hobby stores or Amazon on the internet.
Sit down and look up what you have. Some of what some think are just normal coins are very, very valuable. For example a 1972 Double Die Penny is worth many hundreds of dollars. Some coins could be worth thousands of dollars. At least look up what you have before you do anything with them.


And that makes little cents unless your so rich a $4 profit means nothing.

All it takes is ONE coin in the lot and you all might be better off than hitting the lottery. Who knows if there is an elusive high value Peace or Morgan dollar in there, a Mercury dime or heck even a cent/penny. You mention anything thats less than $5.00 each - I agree with others - if you know how to look these coins up, categorize them and take them to a dealer showing him the overall value of the coins and get even 20% of what they are worth, its a heck of a lot better that taking them to the bank and getting face value.

Sending a silver dollar to the bank - that typically weighs one ounce of silver if it is old and worn is worth close to what silver is at - and thats 20 bucks each.....

Worse case, if there is a LOT of it, and the coins are in terrible shape, I agree, see if a dealer will take them. If he won't there are plenty of pawnshops and gold/silver shops that will take the silver. Silver used to go by $1.00 of 90% silver face value should equal what an ounce of silver is worth. I don't sell or buy silver that way, so I am unsure what the caveat is. Heck, if thats still the case you could probably expect 10-15 bucks per 1.00 of face value, if the coins are 90% silver.


Spend an afternoon at a flea market and get rid of them that way. Returning he coins into circulation is best, but we are simply guessing at what the condition and state of the coins are, and that these have no hidden varieties or errors.

Thanks for all your help guys! I convinced my mom to only bring the coins that are from the 70's and up. And we ARE going through each one checking for errors.
My grandparents also left us with some paper moneies which will be interesting to sort through Lots of sequential bills which are nice and crisp. But I'll post more about that in the other forum. We have a HUGE box of proof sets my grandpa bought, but they seem to have lost their value to the point where he spent more than they're worth