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What Are The Chances Of Finding Anthing Valuable In This Mess?

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MikeF's Avatar
United States
3479 Posts
 Posted 12/05/2016  01:02 am Show Profile   Bookmark this topic Add MikeF to your friends list Get a Link to this Message Number of Subscribers

Hello all,

I'm new to this section of CCF.
As I've already explained in other sections, I started collecting at a very young age.

My uncle was a merchant marine and would always give me his pocket change when he would come back home from oversees. I never considered learning more about world coins because I was obsessed with US coins.

Anyways I have a dusty box full of his pocket change and a few notes. I don't know where to start. They are literally from all over the map. Many of them, I can't even tell what country they are from due to the language barrier.

My question is what are the chances of finding anything valuable in world coin pocket change that were accumulated between 1985 and 1987?



What-Are-The-Chances-Of-Finding-Anthing-Valuable-In-This-Mess?

What-Are-The-Chances-Of-Finding-Anthing-Valuable-In-This-Mess?
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Spence's Avatar
United States
34427 Posts
 Posted 12/05/2016  05:33 am  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply

Quote:
I don't know where to start.


Maybe begin by sorting into specific countries. You can post the ones that are unknown to you and we can help you with the ID. I see plenty of copper in there, but perhaps something silver will pop out too? This could be an interesting project with a son/daughter/nephew/niece where you push pins into a map as you discover coins from the various countries. Good luck!
"If you climb a good tree, you get a push."
-----Ghanaian proverb

"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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oriole's Avatar
Canada
5246 Posts
 Posted 12/05/2016  06:52 am  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
Unfortunately the odds of finding anything valuable are very close but not quite equal to zero. By 1985-87,silver had long ago been scrounged out of circulation in most countries, except perhaps Switzerland.

There might be some high denomination coins that can still be exchanged.

However, don't give up. Follow the advice of @Spence. you need
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Finn235's Avatar
United States
6130 Posts
 Posted 12/05/2016  10:33 am  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
99% of the time, such accumulations are worth much more as a memento of a passed family member than they could possibly fetch on ebay.

Your odds of finding anything very old are very slim. If these were all from circulatuion, there are probably very few that are as old as 1960; WWII devastated the European economy to the extent that just about every involved currency either debased, hyperinflated, or ceased to exist by 1945-1950. My grandfather was in the Navy during Korea and his ship stopped by a few European countries; the only coins he snagged that were more than 5 years old were from gift shops.

Your best shot at finding something valuable would be to look for rare dates or known varieties; he could have just gotten lucky, just like a tourist in the US could theoretically get a 1999 WAM cent in change.
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moxking's Avatar
United States
17900 Posts
 Posted 12/05/2016  1:01 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
It depends on if you intend to keep these coins, or not. If you are going to sell them, don't waste time, just stick them all on a single ebay lot and take what you get.

If you intend to keep them, as has been suggested, pile them in alphabetical order by country, and ask us if you have something you can't identify (please provide photos).
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MikeF's Avatar
United States
3479 Posts
 Posted 12/06/2016  03:15 am  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
Thanks guys,
Initial walk through reveals the majority are from Kuwait, Barbados, Greece, Spain, England, Mexico, Germany, France. I'm familiar with French, German and Spanish languages. I think its the northern Asia coins (which compose a decent percentage) that I'm struggling to identify.

Found this 1964 peso. I think it's silver



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Spence's Avatar
United States
34427 Posts
 Posted 12/06/2016  05:49 am  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply
Boom! Very nice.
"If you climb a good tree, you get a push."
-----Ghanaian proverb

"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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sel_69l's Avatar
Australia
21788 Posts
 Posted 12/06/2016  06:48 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Pick out anything that appears to be in excellent condition before about 1950,
or appears to made of silver.

Doesn't matter what country.
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oriole's Avatar
Canada
5246 Posts
 Posted 12/06/2016  6:11 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
That Mexican coin is unfortunately only 10% silver, but still it is better than a kick in the shins.
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UltraRant's Avatar
Norway
1358 Posts
 Posted 12/07/2016  10:20 am  Show Profile   Bookmark this reply Add UltraRant to your friends list Get a Link to this Reply

Quote:
My uncle was a merchant marine and would always give me his pocket change when he would come back home from oversees. I never considered learning more about world coins because I was obsessed with US coins.


No offense intended, but the biggest problem with Americans is that they solely focus on the USA in every aspect and expect the rest of the world to do so too... Now have a look at a world map. Then empty the treasure chest and start digging. There's literally a whole world of coins waiting for you there!


Quote:
Unfortunately the odds of finding anything valuable are very close but not quite equal to zero. By 1985-87,silver had long ago been scrounged out of circulation in most countries, except perhaps Switzerland.


Well, just that he brought it home in 1985-1987 doesn't automatically mean that all the coins were minted in those years. You know, even we in good ol' Restoftheworld try to make our coins last a bit longer...

For the value... I guess most coins will have a scrap metal value as absolute value. But isn't it more about the emotional value and the memories of your uncle sharing these coins that counts? If you happen to have any coins from Sweden (Sverige), Netherlands (Nederland) or Switzerland (Svizzera, Suisse, Schweitz, Svizra, Helvetica), then you might have silver (older ones). Also, some West-German 5 Mark coins (Bundesrepublik Deutschland) have silver and if I do recall correctly, even some Austrian Schillings (Osterreich). The rest of Europe stopped with having silver coins in circulation before that. However... Europe also produced a few modern oddball coins which can easily do a few thousand dollar without being made of precious metal. Chances are minimal that those just pop up here, but one may hope. We just need a more detailed description or pics to see what's happening. I can't help you with the Asian coins unless you can tell more about where they're from. Or just post a few pics or so.

The best way to start? Just empty the box and start sorting. Use a site like numista.com to find out more about the coins, like composition or mintage numbers. Most countries here actually have had their name on it in Latin script, so you can just read it. If you really can't figure out what kind of a coin it is, then you can always post it here or in the unidentified coin forum.
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