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Source For Retail Value?

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Pillar of the Community
Wade's Avatar
Canada
2781 Posts
 Posted 01/16/2018  12:37 am  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
Educate yourself at least a little (or a lot) before selling to anyone, any dealer etc. Learn the basics of how coins are graded (grade can make a huge difference in value)

This is a good place to post pictures and get opinions. But as a new member you will not be able to communicate privately with any members, or post "for sale".

If you take the collection to a dealer tell them you need an honest appraisal but that you don't intend on selling just yet (you might have to pay for the appraisal but it's money well spent).

ebay will also give you a good sense of what certain coins might be worth in the "real life" marketplace.

DO NOT BE IN A HURRY. Yes the dealers still need to make a profit, but as always, there are sharks out there just waiting for uneducated heirs...

Best advice, even if you aren't a collector (yet), you have something that your father likely spent a great deal of time, money, and pride in collecting. If you aren't desperate for the $ you might want to hang on to the collection - once it's gone... it's gone...

Edited by Wade
01/16/2018 12:38 am
New Member
Canada
39 Posts
 Posted 01/16/2018  06:29 am  Show Profile   Bookmark this reply Add enigmapaul to your friends list Get a Link to this Reply
Thanks all. I'm the OP. What is the proper way to sort the collection for the purpose of taking an inventory? There is a blend of raw coins and proof sets.

Also are there any guidelines of taking photos to show them here to get opinions? I can get my hands on a USB microscope. Any particular background, lighting, etc? What about photos of proofs?

Thanks!
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jbuck's Avatar
United States
189340 Posts
Pillar of the Community
kuh_85's Avatar
Canada
2366 Posts
 Posted 01/16/2018  11:59 am  Show Profile   Bookmark this reply Add kuh_85 to your friends list Get a Link to this Reply
Separate circulation coins and sets. Sort your circulation coins be jurisdiction (if applicable IE Canada, US, Newfoundland whatever), denomination and year. Then take a look at the grading guide info at http://coinsandcanada.com/coins-grading.php. Once you have a rough idea of how to tell a low grade from a high grade work through the price list at http://coinsandcanada.com/coins-prices.php to identify if anything you have is potentially valuable. Sometimes a specific variety is more valuable (IE a 1974 nickel dollar double yoke) which is where the USB microscope can come in. If you find one you want to ask about on this site then run both sides through a scanner on the highest resolution setting and use the microscope to take closeups of any relevant specific points on the coin. IE the area of the variety if applicable and/or closeups of the high points for grading.

The sets are unlikely to be particularly valuable with one or two exceptions. Check them against Charlton Vol 2 and, if there is a valuable variety then dig out your microscope or magnet as applicable to find out if you have it. Also keep an eye out for die rotations http://coinsandcanada.com/coins-err...d-die&id=24); can be particularly valuable in sets but not so much in circulated coins unless significantly rotated (like 45 degrees+).

If you're really keen take a look at http://coinsandcanada.com/coins-err...rieties.php. Most of these won't add much to value but can be interesting.
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