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Replies: 15 / Views: 1,220 |
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Pillar of the Community
United States
2130 Posts |
Hello Everyone, I am new to this forum. My Grandmother passed away a few months ago and she left me several coin books (albums where you fill coins in). All of these books are complete unless otherwise noted and all coins appear to be in good circulated condition. There are no proofs but on the other hand you can see everything great including date and mint marks. Here is what I have: *Peace Dollars 1921-35 (Complete Set) *Liberty Standing Half Dollar 1916-1936 (this set is complete except for 1921 Plain) *Liberty Standing Half Dollar 1937-1947 (I actually have 3 complete sets of these) *Lincoln 1909-1946 (minus the 1909s vdb and 1914d unfortunately) *Mercury Head Dime 1916-1945 (I do have the 1916d Mercury dime that appears to me to be in good condition. The mint and date are easily readable) *Ben Franklin half dollar 1948-1963 (complete set) *Washington Quarter 1932-1945 (complete set) *Indian Head Cent 1857-1909 What kind of value could you guess these being at without seeing pictures going on what I described? Any and all help is greatly appreciated. Thanks
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Pillar of the Community
United States
1179 Posts |
Sorry for your loss. Welcome to the forums. You have obtained some really nice sets. I'm at work and do not have access to my price guides, but I'm sure someone will pipe in soon with a estimate. Good luck! :)
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Pillar of the Community
United States
2049 Posts |
Welcome to the forum and sorry about your loss. There are coin value magazines that you can get at your local bookstore or hobby shop (Coin Prices, Coin Values etc) or you might want to get a copy of the Red Book (found in the hobby section of the bookstore) as it has good information about grading coins and some history of them as well. If you want an online price guide, try http://www.pcgs.com/prices/You would need to know the grades of the coins to look up the prices so that's why I suggest getting the Red Book. Whatever you decide to do, do not sell them to a dealer or collector without going through them first. You have heard of the saying "buyer beware" well in this case "seller beware" applies so that you dont get ripped off. Good luck!
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Pillar of the Community
United States
1984 Posts |
First of all, I am sorry for your loss, but glad that you were given something of value in more ways than one. You are right that it is almost impossible to give an estimate of value based on a description. We could provide a broad range of values, but they really wouldn't do you much good, so let me say a couple of things: 1. The coin sets you describe are wonderful, but in general, value of a set will be determined by the presence and condition of the 'key date' coins. Often dealers will disregard or largely discount the non-keys and focus on the keys. When selling, it's often advisable to sell the keys separately. 2. As a ballpark value, you're talking in the thousands rather than the hundreds. 3. We want pics. 4. Everyone will tell you this, but I'll say it again. Don't clean them. Do not handle them unless absolutely necessary and then only by the edges over a soft surface in case you drop one. Cotton gloves are cheap. 5. As previously noted, if you are planning a sale, please consider all of your options before dumping them at a pawn shop or through a local dealer, or even on ebay, because you'll need a lot of knowledge about your coins prior to creating a listing for them. Any of us with experience with such things on this website can help direct you to the best strategies to receive the best return on a sale. The fact that you came here shows you are smarter than the average inheritor. 6. There are price guides and there are price guides. The way I would recommend finding out the value is to learn a bit about condition (by posting pictures/reading books) and then looking at actual recent sales. If you are not planning on selling them, then it may be worth paying for an appraisal--it may be cheaper in the long run rather than learning 'all about coins' if you have no interest in making collecting a life-long hobby. The reason I always say it's better to pay for an appraisal is then the appraiser won't be conflicted by desire to procure your goods at the lowest possible price. 7. ASK QUESTIONS--that's why we're here. To learn and share our knowledge and passion. Thanks for coming and good luck.
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Pillar of the Community
United States
549 Posts |
If the 21 Plain half dollar, 1909-S VDB penny, and 1914-D penny are the only coins missing from all of those sets, then you've got some very valuable coins and you need to find a safe place to store them until you decide what to do with them. Do NOT go to a dealer to sell those coins. He'll offer you a fraction of what they're worth. Do a little research on your own first. If you don't want to take the time to do the research, then sell them on ebay and let the market decide the value of each coin. You'll do much better on ebay than you will with a dealer.
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Pillar of the Community
United States
6326 Posts |
Sorry for your loss too....... and those are some nice sets WOW ! Here, to get a value from forum members, or even just to show them, you really really need to post pictures of them. I also am having problems getting pics taken of some of the ones I want to put up here. I hope to make some more attempts soon, but an accurate value just isn't possible without good clear pics. (i really need to try again with my own pics jeez!)
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Pillar of the Community
 United States
2130 Posts |
Thanks for your input. I will try to get some pics up soon. Another question, are the "books" that they are in safe? Will it hurt there value by being in the books. Nobody touches them and they are handled with extreme care. Like I said these coins are circulated, but there are no deep scratches or anything that I think would drasticaly take away from the value. I also have several dates from the Morgan silver dollars that have the CC mint mark on them. These are in very good condition. Still shiny and they are in there own protective holders. These look better than the coins you get today in change, some look very close to uncirculated. I remember her saying these were harder to find than the rest of this kind.
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Member
United States
3242 Posts |
post some pictures(please) it sound like a great collection
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Valued Member
United States
164 Posts |
I'll join with the others in expressing my sympathy for your loss.
It sounds like a great collection. Someone evidently knew what they were doing in assembling the sets. If you are interested in becoming a coin collector, you have a great start!
Again, my sympathies on your loss and my congratulations on your coin collection.
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Valued Member
United States
259 Posts |
Yes, your Grandmother passed along a nice collection to you. I am doing a similar thing for my kids, and or, grandkids. I enjoy my collection, and hope to pass it on someday.
Look forward to the pictures of them.
And, wish you for peace with your loss of your Grandmother.
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Bedrock of the Community
United States
62064 Posts |
Some of they key coins are worth more than the rest of the collection. The case of the 1916-D Mercury dime is one in case. But condition/wear/damaged coins will vary in value. Some scratches turn a coin into a cull coin. Cleaning will destroy value to a collector. You may have a $10 then clean it and turn it into a $1 coin. The coin may appear nicer looking, but the value drops when the cleaning ruins your coin for the next sale. But ask here for questions. Always find out BEFORE you sell anything what could be there. The 1932-D 1932-S Quarters are another example of being worth more than 1/2 the rest of them put together. So know what you have and maybe you will appreciate what your Grandmother did when she collected them. Feel free to ask as different individuals are specialists for certain coins or all coins in general. Listen and learn. That way you won't sell a dime for a Dollar and the next days paper may tell "Idiot sells $400 dollar coin for a dollar." That could haunt the rest of your life. But read here. Do a search here for any questions. Take the time to learn what you have so you won't kick yourself later for doing something you will regret later.
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Pillar of the Community
United States
1984 Posts |
Specifically as to the question of storage and the books they are in: if they are the kind into which you push the coins they are not the best kind of album and if you are going to keep the coins you will want better albums (Dansco is one leading company), or you could transfer to a number of better storage systems.
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Moderator
 United States
188213 Posts |
Connor, I add my condolences.
I will also add that you should never underestimate the real value of the collection, which is that is was treasured by your Grandmother and then entrusted to you. I do not know how close you were or what you meant to her, but this is definitely something you need to consider when assigning value to any part of this collection.
My advice to you is to spend some time here and learn about the hobby. Maybe you will feel the urge to continue her work, or maybe you will determine it is not your cup of tea. Regardless, education is the key. As many have said above, learn as much as you can before doing anything, whether it is to sell, trade, or add to the collection!
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Bedrock of the Community
United States
20753 Posts |
As already noted WELCOME to the forum and sorry for your loss. I know how the loss of loved ones feels being at a very old age and seeing most everyone I've even known gone now. As to the coins in the albums. If your Grandmother was like me way back in time there was only Whitman Folders that you had to push the coins into. If those are what you have they are really bad for long term storage of coins. The back of the slots is full of glue to help hold the coins in but does effect the coins value. If this is what you have you should look into better Albums such as Dansco or Whitman Classic Albums with plastic slides so you an see both sides of the coins. If already in those, no problem, they are OK. I've been putting my coins in the Whitman Albums for many, many, many years. No problems of any kind. You should look into purchasing a book called The Red Book published by Whitman. One of the cheapest places to buy is the Walmart Web site. You can find explanations of the coins, grades and way outdated prices. The PCGS web site also has prices but they too are a little off. Pending your location you may want to investigate coin shows. Just do a Google type search with coin shows and the state you live in. If your near a border with other states try each state. Here in Illinois there are a minimum of 3 coin shows a month. There you can discuss your coins with others, get approximate values, purchase books on coins, see similar coins to the ones you have. Keep away from coin shops, coin stores, etc until you know what you have and your plans for the future. If those were left to you it was done for a reason.
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Pillar of the Community
United States
1934 Posts |
If you get even the simplest list of key dates for each set of coins, you'll discover, on websites like PCGS and Numismedia, that just a few of your coins, alone, are worth over a thousand dollars, even in "Good" condition. I would ask the input of the more experienced members here what the logistics/consequences/benefits are if you either:
1. Sell off your key dates separately 2. Sell book-by-book 3. Sell denomination/type sets 4. Sell the entire lot as one after a good appraisal
For instance, your full Mercury set, in "Fine" condition could bring you a conservative $3500. In "Very Fine" condition it could bring you a (very?)conservative $5000...in Extra Fine, add $2000, etc.
Selling off your key Mercurys will reap you substantial instant case; however, then you'll have to figure out the most expedient way to sell the non-key date coins. You might get more value for each non-key coin if you sell them within a set rather than selling them separately. Then again, you may preclude some buyers who would pay well for one key date but dont want to or have the money to buy the entire set.
This is just a very rudimentary example about one set of your coins.
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Pillar of the Community
United States
2335 Posts |
Like everyone else here, I think you should consider getting into collecting, you have a great start. However, I understand that coin collecting is not for everyone & you may just want to sell the collection for the most money with the least hassle. If that's the case you may consider consigning the collection with the forum Mom; there's a link on the left side of the screen. You won't get as much as you would if you sold them yourself, but you will be treated fairly. I sold some of the coins I inherited through them & was happy with the service. Granted, I could have made more if I had sold them myself on ebay, but I didn't have to deal with listings, or photo's, or Paypal, or returns. In my case I wouldn't have averaged minimum wage for the time I would have spent dealing with all that. Your collection looks to be considerably more "dollar wise" than mine was, so the extra hassle might be worth your time.
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Replies: 15 / Views: 1,220 |
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