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Replies: 20 / Views: 5,563 |
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Valued Member
United States
108 Posts |
I've been collecting coins for about 3 to 4 years now and every since I started, I have been saving every coin I get from before 1980. This means I now have a lot of loose quarters and dimes that I'm not doing anything with. My parents made me clean off the table I do all my coin stuff on so they could use it for Christmas dinner, and I realized how many coins I'm keeping. I see the jar of coins every time I go into that room and I just tell myself that it'll be worth something someday. I remain hopeful, but if they aren't already worth any more than face value after 40 years, then I probably won't be making a fortune anytime soon. Anyways, sorry for rambling on, but I was wondering what I should do about it. I could cash them in or sell/trade them, but I wanted the opinions of more experienced numismatists to let me know what I should do with my coins. Thanks in advance for the help. 
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Valued Member
United States
343 Posts |
Cash em in and buy yourself a coin or three you really like.
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Rest in Peace
United States
18456 Posts |
 , One nice key or semi-key is better than a ton of junk ! 
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Valued Member
United States
467 Posts |
based on your oldest dime in your circulation finds...you probably have already pulled the silver out of those jars-- but just in case, go through and pull out all the silver dimes, quarters, etc. before you cash them in. Otherwise I agree-- cash them in and get something you enjoy with them.
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Pillar of the Community
United States
3463 Posts |
I agree with the others. Look through them for Silver or other "keepers" and cash the rest in. Get you some collecting supplies or a nice collectable coin with the extra money. Then start again, it will be a whole year before they need the table for another Christmas dinner! 
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Pillar of the Community
7234 Posts |
I agree - circulated clad coinage will never be worth a premium so roll them up and cash them in at your bank. Take the money and buy yourself a few collectible coins that you've always wanted.
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Pillar of the Community
United States
593 Posts |
Clad isn't my favorite either. But I manage to save quit a bit and it comes in handy when I cash it in when the jar and need something. My credit union have a counter so I don't have to roll them all. 100$ don't take long to get.
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Rest in Peace
United States
17900 Posts |
You could also trade them in at the bank for more coins to search for silver or errors or other coins of interest.
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Bedrock of the Community
United States
94367 Posts |
Unless they are pre-1965 silver issues, best bet is to just cash 'em in, I agree.
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Valued Member
 United States
108 Posts |
Thanks for the help, I'm probably going to trade them in for more coins to look through. Also cwb is right, I do have another year before I have to do this all over again, so I'll just repeat this every year. What fun! 
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Bedrock of the Community
United Kingdom
17901 Posts |
Personally I'd save the best coins for each date and mintmark and cash in the rest.
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Rest in Peace
United States
7075 Posts |
 That's what I've been doing. It's fun to have a set -- however incomplete -- of coins that I found.
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Bedrock of the Community
United States
10034 Posts |
I am in the process of going over coins like this -- have a ways to go. But its fun finding RPMs etc!
After that mine will be spent for one nicer coin or bullion. Had it been spent on bullion instead of becoming an accumulation, the value of it would not have been lost to such a great degree.
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Pillar of the Community
United States
997 Posts |
The only post-65 dimes or quarters, post-83 pennies or post-60 nickles I save are 2009's (due to the very few I tend to find in circulation) and any extremely good condition older ones.
I also save the first coin I find in circulation for each year and mark the 2x2 with the date I found it.
As others said, scan through the piles for the best coin for each date/mint mark and dump the rest.
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Valued Member
United States
446 Posts |
I do pretty much the same thing as n9jig. However, I don't save pre-1983 cents unless they're red/reddish. Definitely look for silver and 2009 dimes/nickels, and save those. Also, be aware that some ATB Quarters with the S mintmarks may be found in circulation, as well as impaired proofs.
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Pillar of the Community
United States
4809 Posts |
This question comes up a few times a year from new collectors...and old. It's a good question for each of us to ask ourselves at some point. As with others, go through the hoard and keep what's worth keeping...or what you like. Consider the obvious: type, metal content, age. But consider the error and variety coins that might be there. Review error/varieties for each type, date, and mm. Make yourself a list and go through the hoard. I'd even suggest going through it two or three times if you aren't familiar with variety coin hunting. You'll find that you miss some nice coins on the first pass.
Depending on what you are after, you might want to build a nice roll for each date/mm/type. Even though most 60s and 70s mintages were large and the long term appreciation modest at best, you may want to have them just the same. Finding high state 1964 nickels is generally not a tall order, but finding one with full steps is. 1966 Jeffersons in high grade are also difficult to find in circulation. And many 70s Jeffersons likewise. So give it some thought and hatch a plan. Use the input from your fellow enthusiasts here to set your requirements. And perhaps make that a 2017 objective. Good luck on your endeavor.
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Replies: 20 / Views: 5,563 |