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Help! Know Nothing About Coins But Inherited Boat Load!

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Valued Member
United States
149 Posts
 Posted 12/26/2014  12:18 am  Show Profile   Bookmark this reply Add Shaf2b to your friends list Get a Link to this Reply
Most of stuff is Morgan silver dollars starting from 1800s. One large box of gold coins and about 20 odd platinum ones. About one tenth are in recognized holders/cassettes. Most of them may well be polished versions
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BH1964's Avatar
United States
10982 Posts
 Posted 12/26/2014  12:19 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply


Your NGC and PCGS slabs (the last two posted) are legit and quite nice. The first coin will need to be authenticated and we can help you with that. Depending on what you have, having them graded may or may not be necessary.

Have fun and be patient. Don't get in a hurry at sell at any rate.
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Fuzzy317's Avatar
United States
14463 Posts
 Posted 12/26/2014  12:19 am  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list Get a Link to this Reply
I moved your topic, cause its starting to get less US Classic Coins, and more US Modern.
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tkbslc's Avatar
United States
1158 Posts
 Posted 12/26/2014  12:20 am  Show Profile   Bookmark this reply Add tkbslc to your friends list Get a Link to this Reply
That platinum $100 one is worth over $2000 as well. You better find a safe or bank box for these. So far you've posted about $7k worth of coins.


Quote:
Most of stuff is Morgan silver dollars starting from 1800s. One large box of gold coins and about 20 odd platinum ones. About one tenth are in recognized holders/cassettes. Most of them may well be polished versions


A "large" box of gold and platinum coins, even if polished, could be worth into the 6 figures. So again, put these someplace secure.

Here's a good place to look up any potential value for the coins you have: http://www.numismedia.com/fmv/fmv.shtml

For Morgan dollars, the CC mintmark are generally the more valuable ones. Make sure to take care of those ones if any.
Edited by tkbslc
12/26/2014 12:25 am
Valued Member
United States
149 Posts
 Posted 12/26/2014  12:24 am  Show Profile   Bookmark this reply Add Shaf2b to your friends list Get a Link to this Reply
Thank you all for your advice and replying so promptly. Will bank away and start working on MSDs first. Old ones.
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Fuzzy317's Avatar
United States
14463 Posts
 Posted 12/26/2014  12:27 am  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list Get a Link to this Reply
Since I have moved this one, lets keep this thread for your US Modern Coins, and you can start a second thread for your US Classic Coins in that section
Valued Member
United States
149 Posts
 Posted 12/26/2014  12:39 am  Show Profile   Bookmark this reply Add Shaf2b to your friends list Get a Link to this Reply
Guess biggest issue will be to find trustworthy coin dealer who will offer fair value. Live close to Camino coin in Burlingame, CA and Numis International in Millbrae, CA. Not in a rush to sell, though and based on your advice, going to learn something new and take it slowly. Bless my brother who had been collecting coins, stamps and bills for 20 years. RIP..
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CopperCastle's Avatar
United States
1132 Posts
 Posted 12/26/2014  04:05 am  Show Profile   Bookmark this reply Add CopperCastle to your friends list Get a Link to this Reply
Welcome aboard! Be careful when approaching a dealer, I've had a few tell me how many issues a coin of mine has, how common it is & then offer to purchase said coin. Keep in mind... even if you find a fair dealer (they are out there), coin shops will always offer less than retail (that's how they pay the bills). Selling directly to a collector will generally net a larger figure.

My condolences to you & your family. Maybe you can find joy yourself in continuing to connect with your brother through exploring the hobby he obviously loved very much. :)
Edited by CopperCastle
12/26/2014 04:08 am
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Domain555's Avatar
United States
1804 Posts
 Posted 12/26/2014  04:18 am  Show Profile   Bookmark this reply Add Domain555 to your friends list Get a Link to this Reply
My condolences for the passing of some one in your family.

Welcome to CCF

Many here will help in getting organized. Enjoy your ride.
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tkbslc's Avatar
United States
1158 Posts
 Posted 12/26/2014  1:08 pm  Show Profile   Bookmark this reply Add tkbslc to your friends list Get a Link to this Reply

Quote:
Keep in mind... even if you find a fair dealer (they are out there), coin shops will always offer less than retail (that's how they pay the bills). Selling directly to a collector will generally net a larger figure.


That is definitely true. However, selling to individuals has costs involved, too. ebay takes 10-15% by the time you cover shipping, commission and payment fees. And you have to accurately inventory, list and photography to make full market value. Selling locally takes a lot of time to set up buyers and exchanges. Both involve risk of selling to someone shady or inviting crime. Sometimes losing 30% to dealer isn't a bad deal overall, including cost of time and risk.

In all cases make sure you do your homework as that's the best way to avoid getting taken advantage of.
Valued Member
United States
149 Posts
 Posted 12/26/2014  8:06 pm  Show Profile   Bookmark this reply Add Shaf2b to your friends list Get a Link to this Reply
Few more

Help!-Know-Nothing-About-Coins-But-Inherited-Boat-Load!

Help!-Know-Nothing-About-Coins-But-Inherited-Boat-Load!
Valued Member
United States
149 Posts
 Posted 12/26/2014  8:09 pm  Show Profile   Bookmark this reply Add Shaf2b to your friends list Get a Link to this Reply
Platinum

Help!-Know-Nothing-About-Coins-But-Inherited-Boat-Load!

Help!-Know-Nothing-About-Coins-But-Inherited-Boat-Load!

Help!-Know-Nothing-About-Coins-But-Inherited-Boat-Load!
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The Silver Searcher's Avatar
United States
1388 Posts
 Posted 12/26/2014  8:14 pm  Show Profile   Bookmark this reply Add The Silver Searcher to your friends list Get a Link to this Reply
That Buffalo is stunning!
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NJ Bob's Avatar
United States
655 Posts
 Posted 12/26/2014  8:36 pm  Show Profile   Bookmark this reply Add NJ Bob to your friends list Get a Link to this Reply
Welcome!



You've got some really great coins. The best advice you'll get is "don't clean them". The second best is learn about what you have before you do anything else. This forum is a terrific place to start.
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nickelsearcher's Avatar
United States
15469 Posts
 Posted 12/26/2014  8:42 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
I admit to being confused by the multiple threads from this new member -

Replied to another - hopeful that we can help.

David
Take a look at my other hobby ... http://www.jk-dk.art
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