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 Replies: 17 / Views: 3,439 |
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Valued Member
United States
150 Posts |
I just got a big coin collection as an early Christmas present. Well sort of, I have to split the entire value of the collection 3 ways: my brother, myself, and the person who gave it to us.  Anyways, we have a lot of Mercury dimes, Kennedy half dollars, Walking and Seated Liberties, Peace dollars, and Morgan dollars. Any ideas on whether we should go through each coin looking for errors or just cash in for the silver content. It's probably around 8 pounds. Not everything is shown from the collection, there are other dollar coins, quarters, and paper money which I will send that info to the correct forum. Also haven't been here since 2014 and I am glad I am back! I missed you guys, even though back then I was quiet     |
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Valued Member
 United States
150 Posts |
Update! According to our bathroom scale it's 16 pounds of Silver. I know the Eisenhower dollars are 40% silver, so of course it is less. All the others are 90%. Not to mention using my bathroom scale probably is as accurate |
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Pillar of the Community
United States
2023 Posts |
Not all Eisenhower dollars are silver -- mainly S-mint, and even then not all. I'm sure someone (probably Jbuck) will chime in with specifics -- I just pulled from http://www.PCGScoinfacts.com/Hierar...e=Ike+DollarIf it were me, I'd just look for key dates or obvious errors (date or mintmark overstrikes). More recent coins (thinking mainly Roosevelts and Washingtons) in obviously circulated condition won't go for much more than melt. Older, more classic designs may be worth holding on to in any condition. |
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Moderator
 United States
187446 Posts |
Wow! That is a big hoard.  It would be easiest to just split evenly by weight, but assuming all three of you work at sorting, it might be worthwhile to make sure the premium finds are evenly split. |
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Pillar of the Community
Australia
7096 Posts |
Quote:
I have to split the entire value of the collection 3 ways: my brother, myself, and the person who gave it to us. Why on earth would someone give you 16lbs of Silver so that they could get a third of it back  |
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Valued Member
United States
150 Posts |
Quote:
Why on earth would someone give you 16lbs of Silver so that they could get a third of it back She's too old to go through them and she was just going to *gulp* cash them in for face value  and I made a mistake, she only wants to split the value of any coins worth $200+ |
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Rest in Peace
United States
7075 Posts |
Just look for keys and semi-key dates. You probably won't find any, but if you do, then you have to pay up. Otherwise, take your time and do all the work --- look each one up, etc. Oh yeah, and post pics! We love pics. |
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Rest in Peace
United States
17900 Posts |
If it were mine, I'd check for scarce and rare issues first and obvious easy to see errors second.
Then I'd start sorting out the silver value only coins by denomination.
Finally, I'd check non-silver for scarce and rare, followed by obvious errors.
I'm betting there won't be that many coins valued at $200 or more.
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Pillar of the Community
United Kingdom
2133 Posts |
For me, much of the fun in collecting is identifying and grading coins.
It seems as though you need to do that in order to give your old lady her fair share.
If you're not a collector, divide it 3 ways, cash in her silver value and let others have the enjoyment.
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Rest in Peace
United States
18456 Posts |
After you finish sorting out by keys and semi keys ,errors, etc. then make sure you put those coins in holders . Looks like the whole collection is raw and loose with no protection . Have fun going through them . |
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Pillar of the Community
United States
4211 Posts |
 back PSP! What fun that looks like. Enjoy and congrats! |
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Pillar of the Community
United States
3054 Posts |
Oh man, I think I just wet myself...  |
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Moderator
United States
187446 Posts |
Quote:Not all Eisenhower dollars are silver -- mainly S-mint, and even then not all. I'm sure someone (probably Jbuck) will chime in with specifics - I missed this earlier, it was posted after I read and replied.  There are ten 40% silver Eisenhower dollars: 1971-S, 1971-S Proof, 1972-S, 1972-S Proof, 1973-S, 1973-S Proof (there is also a clad proof), 1974-S, 1974-S Proof (there is also a clad proof), 1976-S, 1976-S Proof (There are two clad proofs, variety 1 and variety 2, but the silver are all variety 1). No silver issued in 1977 or 1978. There are reports of some silver planchets erroneously used in Denver, so it is worth looking at them closely. Quote:
She's too old to go through them and she was just going to *gulp* cash them in for face value
and I made a mistake, she only wants to split the value of any coins worth $200+ If you have the means, offer to buy the coins off of her. Worst case is that you will have to do a little work to properly liquidate what you do not need. |
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Pillar of the Community
United States
4085 Posts |
I would also look for coins in nice condition; the Seated Liberties, Peace and Morgan dollars all could have some value above melt. Even the Walking Liberites and Mercuries could go for more than melt for some dates and conditions. |
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Pillar of the Community
 United States
3058 Posts |
Look for key dates!!! You can't skip that step!
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Bedrock of the Community
United States
10029 Posts |
What denominations are the Seated Liberties? The Seated dollars are all worth a premium. |
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Replies: 17 / Views: 3,439 |
Posted 12/15/2016 6:04 pm
