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Replies: 18 / Views: 2,221 |
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Valued Member
United States
85 Posts |
While cleaning out my recently deceased grandmothers house I found a veritable treasure chest full of old coins, poundsof silver quarters, nickels and dimes, Morgan silver dollars, 95 lbs of pennies and even more. I am new to this but could anyone please help me identify and approximately grade this 1854 gold coin?  
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Pillar of the Community
United States
1531 Posts |
Hard to tell  from the pictures. If you found this the way you claim you did, that coin could be worth a minimum of $600 and the morgans countless more. Please post pictures of the other coins because you may have come across quite a few rarities, as many morgans have low mintages.
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Bedrock of the Community
United States
36839 Posts |
The coin looks like it may have been cleaned. It looks EF-45 details in these photos.
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Valued Member
 United States
85 Posts |
As far as I know it has never been cleaned...the majority of these coins were covered in dust, in the back of a packed closet. As far as I know they haven't been out or touched in decades. More pictures are forthcoming
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Valued Member
 United States
85 Posts |
What else should I post...there is so much and I don't know what is important/valuable and what is nit
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Pillar of the Community
United States
4337 Posts |
 First and foremost, many condolences on your loss. I trust the family is doing well. Secondly, based on initial appearance the coin looks to have minimal wear and may have been cleaned by some method in its past therefore reducing the value of the coin. The other posters claim of minimum potential value at $600 is not nearly accurate. There are many factors that need to be taken into consideration when assigning grade and overall value. I would encourage you to search the forum's topics by utilizing the search feature and key word for items like "cleaned coins" "grading coins" and of course, always ask questions. For now, I will defer to Indian's expert commentary on your coin and assign and value of approx. $325 in today's market. If it turned out to not be cleaned and was in a authentication company's conservation holder, you would have a near $475 - $500 coin. Best of luck on your journey sir. Congrats on your discovery.
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Valued Member
 United States
85 Posts |
Thanks very much for your kind words and valuable advice...it's very helpful...feel like I could dive into these coins Scrooge mcduck style with the overwhelming quantity I have found
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Pillar of the Community
United States
4337 Posts |
Mike - go to this link http://www.numismedia.com/fmv/fmv.shtmlfind what you have in any given category, locate your years and mint marks. On the valuable ones, post pics, both sides, HEAD ON, not angled and try to get some lighting but not too much on the silver so you do wash out the detail in the photo.
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Valued Member
 United States
85 Posts |
Again, thank you dsfreeworld!
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Pillar of the Community
United States
4337 Posts |
yes sir DIVE on in their, I'm excited and I am not even looking at what you found.
Ask any questions. But more importantly, READ!! and then, READ SOME MORE. Keyword search, you'll get it sooner than you think and who knows, we may be welcoming you in a more permanent standing to the community as your aspirations in Numismatics grows.
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Valued Member
 United States
85 Posts |
That's what I have been doing in this preliminary stage...there's easily between 200 and 250 lbs of coins and from what I can tell hey are mostly pretty old 1800s and early 1900s...we didn't even know that either of my grandparents were ever coin collectors!
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Pillar of the Community
United States
7627 Posts |
Your Grandparents may have been more "accumulators" rather than "collectors".
If the coins were just dumped together and stored by denomination or metal they were accumulators. If they were sorted by series, dates and mint marks then they would fall into the collector category.
Either way, should be fun going they them. Be sure and post your super duper finds.
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Pillar of the Community
United States
1531 Posts |
Hey dsfreeworld, I didn't say it had a minimum of $600, just said it COULD have! lol
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Pillar of the Community
Korea, Republic Of
1881 Posts |
I agree that they must have been accumulators. The coins should have been identified and sorted by date/mintmark if they were collectors.
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Valued Member
 United States
85 Posts |
I can't say they were completely sorted, lol...but from what I can tell the older ones, silver ones, gold ones, rare ones, etc were set aside from the other bulk coins. As in a 95 pound storage container full of unworried pennies and 2 mason jars full of silver quarters.
They were accumulators indeed. A very apt description.
More submissions to come!
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Valued Member
 United States
85 Posts |
Unsorted...stupid autocorrect...I suppose they may have been unworried as well....
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Replies: 18 / Views: 2,221 |