| Author |
 Replies: 7 / Views: 1,963 |
|
|
New Member
United States
2 Posts |
I have a couple coins I've had for some time now. I'm curious if they're valuable at all, since I'm in need of some quick cash. 1. 1967 Half Dollar - Kennedy - It's painted - Appears to be gold 2. 1922 Silver Dollar - Peace dollar - Also Painted - Obviously Silver If I run out to a local coin dealer, any idea what I can expect them to offer? Thanks |
|
|
|
Pillar of the Community
United States
1511 Posts |
 and  as it'd be very helpful as the grade (condition) directly effects the value. Unfortunately, both are very common dates, and not nearly "old" by coin standards, they're considered modern. If painted they'd be considered damaged and you'd be offered silver melt prices. The half dollar is 40% silver and under $5 ($2.89 as of today's prices) The Peace dollar is 90% and would probably get about $20+/- a buck or two on ebay or private sale. (Melt is $15.10... Some, if of most dealers would offer only that.... Or less..) Even if you were to remove the paint due to being very common, I wouldn't expect anything over melt prices Edited by NathanASE
06/13/2014 11:08 am
|
|
Pillar of the Community
United States
4883 Posts |
First off, welcome.
Neither coin is a rarity, and from your description, both have been messed with. From a dealer's perspective, the combined bullion value is slightly less than $20, and I doubt you'd be offered more than that..
Colligo ergo sum
|
|
Pillar of the Community
Korea, Republic Of
1881 Posts |
Welcome to CCF. From your description it sounds like you have painted coins. Coins that are painted after they leave the Mint are considered damaged and are worth less than non-painted coins. Your colored coins are very common silver coins, so they are not worth much over silver price at this point. The 1967 Half is a Kennedy half dollar, 40% silver. The 1922 Peace dollar is 90% silver. If you take them to a dealer, expect to get less than $3 for the Kennedy around $15 for the Peace. If you really need $20 so badly, then I recommend selling them. If you have money for dinner, I say keep them. A dip in pure Acetone will probably get the paint off. |
|
New Member
 United States
2 Posts |
Thanks for the 3 (rather consistent) replies. $20 doesn't make them worth parting with. Maybe I'll keep them and hand them down to the kids. I didn't get bit by the coin collection bug, but perhaps one of them will.
Thanks again for the help.
|
|
Pillar of the Community
United States
1511 Posts |
No problem, and perfect choice, exactly what I'd recommend!
Soaking in acetone (100% pure, not nail polish remover) should remove the paint which would be a great idea as the paint really ruins them, deeming them "damaged"... If you have the time I'd definitely recommend that, just be sure to do it in a well ventilated area or outside. And use a glass container to soak them in as the acetone will eat through plastic.
|
|
Pillar of the Community
United States
4883 Posts |
I'd add that if you do pursue the acetone treatment to remove the paint, do not scrub or brush them in the process. You want the surfaces underneath the paint to remain as undisturbed as possible.
Colligo ergo sum
|
|
Pillar of the Community
United States
1037 Posts |
A dealer might offer you less due to the painted coins. As recommended, soak the coins in acetone and do you best not to rub the paint off. You might do better selling them on ebay. Good Luck & welcome to the site. |
| |
Replies: 7 / Views: 1,963 |
|
Posted 06/13/2014 11:06 am
