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 Replies: 18 / Views: 3,553 |
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New Member
United States
6 Posts |
I have been going through my collection and notice that certain coins, particularly Indian Head Nickles, are extremely worn down from wear and circulation. My guess is that I kept these coins in my youth because to me they are old coins and not readily available. So, now, many years later, I am looking at these coins and wonder if I really want them. Certainly they aren't work much. I could stick them in a coin roll and return them to a bank. Maybe someone else hunting coins will discover them. Or maybe I could post them on Craigslist or ebay with the disclaimer that they are in rough shape and probably not worth very much. My guess is that someone might be excited to have them. The other option that just crossed my mind is to put them aside for my children, who are 2 and 3 right now. One day they might be thrilled to have some old coins, even though they aren't worth a lot, other than the idea of having some old coins. What do you think? When do you say, I'm not going to keep this coin? Thank you! *** Moved by Staff to a more appropriate forum. *** |
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Pillar of the Community
 United States
3058 Posts |
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When do you decide a coin is not worth keeping? When I want it!  |
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Rest in Peace
10197 Posts |
The joy of collecting that certain coin group seems to have left you. It has no "worth" to you, but to someone else it might. Whether you sell or "gift" it is totally up to you. I would suggest at the very least determine if those coins are intrinsically valuable or have very low cash value. Even in rough shape a rare date/mintmark coin can be worth very much. That would be why its not wise to just dump them. Buffalo nickels, your example. I see dateless rolls go for $20+ in online auctions. People are willing to take a risk or try to"acid raise" the dates/mm. Sometimes, I've donated old groups of coins to a Boy Scout troupe, hoping to spark interest in coin collecting. Or give to a young numismatic club in your area. Here on CCF, start a contest, use those coins as a prize. You may not be interested, but I quaranty someone will, there's a forum for swapping/trading coin. I could go on and on, it is kinda dumb tho just to "toss 'em"...if you do, toss 'em my way!  |
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Pillar of the Community
United States
1000 Posts |
x2 on what Crazy said about acid dating. I've wanted to gamble on dateless buffaloes for fun, but there's always too much of a premium online.
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Pillar of the Community
United States
564 Posts |
 Unless a coins in completely destroyed I will keep it even if it's worn Still worth more than the metal that makes up the coin |
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Bedrock of the Community
United States
12477 Posts |
Whatever you do, don't return your Buffalo nickels to the bank! They have intrinsic numismatic value beyond 5 cents each. It may not be much more than that but, a bank will find nothing special about them. I think they would be best used to spark interest in others. It happens to be one of my most favorite designs and maybe it will be another young person's as well.  In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pillar of the Community
United States
1307 Posts |
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Pillar of the Community
United States
6370 Posts |
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What do you think? When do you say, I'm not going to keep this coin? When it does not fit my collection and selling it will help pay for something that will fit. |
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Valued Member
United States
115 Posts |
Just the history of where that coin has been is enough to warrant keeping it. I guess we all look differently at things. When I talk with people who show an interest in coins I sometimes surprise them with a couple less valuables & it peaks their interest further. These small metallic pieces are history!! Please share them or sell them to someone who will enjoy them rather than dumping them at a bank.  Good luck |
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Pillar of the Community
United States
2362 Posts |
I think you should keep a couple for your children because they will most likely be happy to have a piece of history but more importantly will connect you with the coin in future memories. I have an old silver dollar that's not worth more than melt but cherish it because my Mom gave it to me over 60 years ago.
I don't go to many coin shows but when I do go I bring some indian heads. Lots of shows accept donated coins and distribute them to young people coming into the show.
Member ANA and EAC "You got to lose to know how to win". Dream On by Aerosmith |
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Pillar of the Community
United States
1450 Posts |
When I get a better replacement I will sell off a coin.
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Valued Member
United States
309 Posts |
I really have every intention of selling a coin whenever I get an upgrade but somehow I can't bring myself to part with it when the time arrives!
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Pillar of the Community
United States
3479 Posts |
When you realize that you deployed capital on a coin in a series that is overhyped.
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New Member
 United States
6 Posts |
Thanks for all your opinions. I was researching the Buffalo nickle more and discovered one of the dateless ones I own can be identified as a 1913 type 1, because of the raised ground. Most likely I won't move them anytime too soon, until I have more understanding of what there is. I did not know about the acid dating coins. I'll have to youtube it and see if I can find more information about that. Does it depreciate the value at all? |
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Bedrock of the Community
United States
20753 Posts |
I suggest just taking a pile of coins to a bank and adding in those you no longer want. Then imagine some day, some where a kid finds them and gets the same feeling you did a long time ago. |
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Pillar of the Community
United States
4415 Posts |
Given the realization that .... You can't take it with you!
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Replies: 18 / Views: 3,553 |
Posted 04/02/2017 12:42 am
