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New Member

United States
0 Posts
 Posted 08/28/2015  4:22 pm Show Profile   Bookmark this topic Add kidnap to your friends list Get a Link to this Message Number of Subscribers
Yes, that's what I have after reading the sections on facts/grading/history, and have several questions because of it.
I guess my first, probably biggest one, is, can someone point me toward a coin appraiser in WI or eastern MN? Not a dealer. I'm sure I'll eventually deal with a dealer, but I'd like to know what, if any, value this collection has before I do that. Milwaukee and the Twin Cities are about equidistant from me, so either would work.
Now, let's discount all of the state, presidential, and territorial quarters and other stuff I talked about in my first post. This morning I cracked open the pennies and nickels that had been placed in rolls. The oldest Lincoln Penny I have is from 1909, the oldest nickel from the 1940s (I've only got the coins separated into decades right now), and the newest are from the early 1960s. Sorry, I don't have any of what you call wheaties. They were in a separate collection, and Rex's son wanted them.
I guess my next question is, when did/does a coin stop becoming collectible? What, of the years between 1900 and present should I simply discard and take to the bank for their face value? For instance, I opened two rolls of 1959 pennies that look like they've never been in circulation. Should I keep them or take them to the bank? Since I was born in 1951, these don't seem all that old to me!
I was really glad to read that coins shouldn't be cleaned, because that was going to be my next question. I have some I can barely read the year on because they're covered with some kind of green gunk.
Yesterday I did find an Indianhead penny dated 1865. It's in one of those cardboard holders dealers use, so I'm assuming in was purchased from a dealer.
I've also got a boxed collection what's called THE HISTORIC Indian Head cent COLLECTION from the US Commemorative Gallery. Collection, my foot! Doesn't 'collection' mean they should all be from different years? There's one from 1880, one from 1903, and the rest are either 1905 or 1907.
A collection of Franklin half-dollars, also from the Commemorative Gallery. At least these are all different, from 1948-1963 and look like real currency, not commemoratives.
Then there's what's called a Lewis & Clark Discovery Collection, also from CG. Contains 2004 L&C handshake nickel, 2004 L&C keelboat nickel, 2005 L&C Buffalo nickel, 2005 L&C ocean view nickel, two Indian Head pennies, one dated 1900, the other I can't read the date on,two Buffalo nickels dated 1936, a Sac dated 2005, a 2005 Kansas State Quarter, and a replica (read that photocopy) of a 1901 L&C $10 Silver Note. I'm thinking I probably should break this down and dispose of the coins individually? LOL! The invoice for this collection is in the box. Rex paid $89.00 for it.
Thanks a lot for your attention and assistance. There's still more I have to go through. Our younger son and his new bride are moving into, renting, Rex's house this weekend, and I've got to help with that first. I'll let you know what else I find.
Final question: If I can't clean the coins, how is anyone going to determine the date and condition of some of them? I can take pictures and post them to the forum, but how is anyone going to evaluate them?

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Pillar of the Community
ace_ftw's Avatar
Canada
1747 Posts
 Posted 08/28/2015  4:41 pm  Show Profile   Bookmark this reply Add ace_ftw to your friends list Get a Link to this Reply
first off welcome, next you say you don't have any Wheaties, but you have cents from 1909, this is the first year of the LWC ( Lincoln Wheat cent or Wheatie) and there is a special version of this called the V.D.B. where in between the 2 stalks of wheat the artist put his initials (VDB) and this is rare, if you have the one with the S mint mark under the date then you have one of the most sought after cents.

any of the low date 1909-1915 S mint marks are highly sought after and worth money.

you have a full roll of what looks like uncirculated 59's (this was the first year of the LMC ( Lincoln Memorial cent) and people would pay a premium for these in that condition.

all of you cents pre 82 could be sold for premium because of the copper content, also people pay for bulk lots of wheat cents.
Rest in Peace
Buddy's Avatar
United States
7075 Posts
 Posted 08/28/2015  6:24 pm  Show Profile   Bookmark this reply Add Buddy to your friends list Get a Link to this Reply


If you have to get this done today ...well, I just can't see it happening.

I always advise people to take their time.

Check out this site. http://www.numismedia.com/fmv/fmv.shtml

Scroll down and pick out one type of coin and look up the prices those coins are selling for. If you sell the coins to a dealer, you can expect to get about half the amount listed.

The coins with dirt and corrosion can be conserved but that takes time and chemicals and you probably don't want to mess with that. It most likely will not change the amount you receive for the coins.

I don't know anyone in your area that can help you but estate agents and auction houses might be able to help with that. I believe it is considered unethical for an appraiser to make an offer for the coins.

As far as the sets/collections go -- I'd leave them alone. They are worth more in their frames or whatever than broken up.


I know it seems overwhelming but unless the previous owner of the coins invested heavily in rare coins, it is unlikely that the collection is worth really big money. Still, there's always a chance that the previous owner snagged a couple of goodies -- so take a look at the prices on that site to see which coin you should search for and if you don't understand what's what on that site (like some of the abbreviations) just come back and ask.

Good luck.
Bedrock of the Community
United States
20753 Posts
 Posted 08/28/2015  6:38 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

As a start simply go to a hobby store, coin store or on line place that sells coin books. By that I mean something like the Red Book by Whitman Publishing. Simply sit down with that and look up what you have. Next decide if you want to sell or collect coins. If selling, just get an idea of what you have to sell and approximate price and put up on ebay.
You really should get to know what you have before doing anything.
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