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When Is A Coin Just A Coin? (Older US Currency)

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New Member

United States
20 Posts
 Posted 01/02/2017  1:44 pm Show Profile   Bookmark this topic Add AWong to your friends list Get a Link to this Message Number of Subscribers
If you care about back stories, mine is linked here: http://goccf.com/t/276747&whichpage=1

The short story is that I found some old coins my grandpa was collecting while he was alive. Some of them seem intrinsically interesting (like the Nazi coins and the old Chinese coins), but I also have a couple dozen normal-looking coins.

I'm also not a coin collector. So to me, these normal coins amount to 72 cents in loose change. But before I just toss them into the coin jar, I wanted to check to see if there was any reason that I should take a higher level of interest in them. (No, I'm not interested in starting/continuing the collection. This just isn't my thing.)

And before going through the process of trying to take careful pictures of them, I was wondering if I could get a sense of whether there's any reasonable chance of there being something interesting about them, or whether these are just coins. (They're also not in particularly good shape.)

It was suggested that I post here about them. I'd be happy to take pictures of specific coins if there's interest in them.

2 Pennies: 1945 and an indeterminate year (193x?)
12 Nickels: One each from 1953-1964
1 Dime: 1959
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n9jig's Avatar
United States
997 Posts
 Posted 01/02/2017  2:20 pm  Show Profile   Bookmark this reply Add n9jig to your friends list Get a Link to this Reply
The coins listed have minimal value, the dime is worth perhaps $1.50 in melt value depending on the day's silver value. Otherwise they are of limited numismatic value.

They might be worth more as a family heirloom.
Valued Member
United States
424 Posts
 Posted 01/02/2017  2:23 pm  Show Profile   Bookmark this reply Add Oldephriam to your friends list Get a Link to this Reply
@AWong- as a community of collectors we are very happy that you are taking the time to check about any potential value of these even though you have no interest in the hobby. Coin collecting is not for everyone and that is ok, we all walk different paths in life. It does not make us any better or worse than anyone else, it just makes for an interesting world.

Now about your coins. The two pennies are called wheat cents, in the condition you describe they might sell to the right collector for about 5 cents each on a really good day. Other than that they are basically pocket change.

The Nickels are without a doubt pocket change. Nickles with these dates, while not common, can still be found in circulation on a regular basis.

The dime is a slightly different story. It is made out of 90% silver and thus has what we call melt value. This is the value of the silver if the coin was melted. Right now the melt value for this coin is about $1.15. This goes up or down all of the time. If you think it is worth your time a coin dealer will give you about $1.00 for it.

My best advice for you since you have stated that you are not interested in collecting is to release these coins into the wild (coin collectors talk meaning spend them). Someone may get them and become interested in the hobby.
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XavierOfGreen's Avatar
United States
2589 Posts
 Posted 01/02/2017  2:24 pm  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list Get a Link to this Reply
Well the two pennies are wheat cents, and are worth at least 3 cents a piece even if in horrid condition. The nickels value depend on their condition, if they are uncirculated (brand new) the ones from the 1950's may have some value to them.
The 1959 dime is made of 90% silver and as such in circulated condition is worth at least $1.15 by today's market price of silver.

New Member
United States
20 Posts
 Posted 01/02/2017  3:18 pm  Show Profile   Bookmark this reply Add AWong to your friends list Get a Link to this Reply

Quote:
They might be worth more as a family heirloom.


It's a nice thought, but as an heirloom they're worth less than their listed monetary value.

There was curiosity about the international coins (see the other thread) and the non-coin tokens that I have yet to post pictures of. There are no plans for those things, either. I'm just trying to figure out what they are before we make any decisions about what to do with them.

With that said, I think there would be at least some intellectual interest in knowing that pennies are worth 3-5x their value and the dime is worth more than 10x its value. And I also think that the money isn't enough to make the effort to try to cash in on it.

But I'll tell them and let them know. The most likely outcome is that the coins will go into my change jar and come out at some point in the future (probably rolled and brought to the bank for paper money). But who knows? It might be that one of the young nephews or nieces might think it interesting that money is worth more than what they say they're worth.

Thanks for your insight into these coins.
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moxking's Avatar
United States
17900 Posts
 Posted 01/02/2017  3:25 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
For the minimum value, you're thinking is sound. If you can't find someone interested in them, it's not worth the hassle of messing with them for $2.

Maybe one of us will find the dime.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 01/02/2017  4:39 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply


to the CCF!
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CoinCollector2012's Avatar
United States
8137 Posts
 Posted 01/02/2017  5:55 pm  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
If I were you, I would keep the dime and the two wheat cents. Feel free to spend the rest.
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