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 Replies: 12 / Views: 1,265 |
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New Member
United States
6 Posts |
I have also inherited coins. I will assume it was my Dad who may have realized that coins were no longer going to contain silver so he just tossed in a bag any silver ones he found. I say this since the ones in the best condition are from the 1960's. Anyway I have many, many silver coins, lots of 1/2 dollars and quarters and bags of mercury silver dimes. Most are from the 30's to 60's but from what I see so far they date back to 1890's. I wanted to get input from collectors as what to do with them. Should I look through these and perhaps try to sell them seperate or as a package, or just cash in for the worth of the silver? Most are in just good condition to worn but you can read all of the years. Wondering if these have value to collectors and any input would be appreciated. |
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Pillar of the Community
United States
1208 Posts |
Depends on how much effort you want to put into it.
If you don't mind spending time on it, you could
search them for key dates and such. That way will
bring you the most money, but will cost you time
and effort.
If you sell them for melt value, that is easy and
quick.
Depends on how much effort you want to put in...
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Valued Member
United States
157 Posts |
If I were you I'd go through every single one of them. Just list them on a piece of paper and tell us the year, the Mint it was made in. Each coin will have diff. places where it was minted, and give a general grade to it. If you can't hardly read the date just say Good. If it's a little better than that, say Fine, and if it looks almost unblemished say it's Very Fine. That's a start, then post what you have here and let some experts decide, who aren't going to judge you or pressure you, just take a look see. Then, after that, you might post a few pictures of the ones people deem may be valuable.
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Valued Member
United States
157 Posts |
Or you could just go to a coin dealer. He'd probably give you 13 or 14 to 1 right now. That is to say if you had $100 in face value in your coins, he'd give you $1300 or $1400. That's what I'd do if they were all just regular stuff, nothing special. Or you could sell it in surprise bags - bags of 1 lb. each for say $100. But I'd look at them close, under bright light, with a magnifying glass, and gaze deep into those Washington eyes and see what they tell you to do with them.
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New Member
United States
38 Posts |
Pre-1965 US coinage or junk silver is the currency of survivalists, and is what will be currency after the US banking system fails and people run wild. If you don't need to turn it into paper dollars right now, you should roll it up and stash it, besides silver is about to run hard again after the market tanks this Fall. One hundred dollar face value is quoted at 71.5 oz of silver in the raw. You could stash it with your water filter, dried food, ammo, and other things you'll need to see The Day After...cheers! |
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Pillar of the Community
United States
812 Posts |
Jang, welcome to the forum! Here's my suggestion: 1- make a list of the dates you have and a guess of the condition 2- determine if you have any valuable dates (buy a RedBook or check out this website http://www.numismedia.com/fmv/fmv.shtml); these will be the coins of most interest to collectors 3- decide if you want to become a collector or would rather sell them If you sell, selling individually (especially the valuable dates) or in small lots will bring the best return, but takes longer. I think there is a fair chance that if you complete steps 1 & 2, you will want to become a collector, so selling may not be an issue (though you might want to sell duplicates to finance purchases of coins you don't yet have). Whatever you decide, it will most likely turn out best if you take your time and don't rush into anything. |
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Pillar of the Community
United States
2254 Posts |
Certainly good advice all the way around so far. I would suggest the same. maybe start off with one of the bags and start sorting by denomination, date, and mintmark. Try your best not to bounce the coins off of each other or drop them for right now until we can help you determine what you have. My guess is that they will certainly have dings and scratches from being in bags, but some damage control now could be worth a lot in the near future. Make a quick list of one section you sorted and post here. We will request pictures of the more sought after specimens, and give you a rough idea or value if possible.
This is exactly how I got started in collecting, so good luck trying to get rid of them without getting hooked.
As for dealers, it is a good idea if you know who to go to. If that's the path you decide, and you just want to get rid of them, post here again and tell us and maybe one of us can help you locate someone reputable. There are some local coin shops that will take you to lunch.
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Valued Member
United States
177 Posts |
One important piece of advice would be not to clean any of them, no matter how grungy they may look!
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Rest in Peace
United States
2668 Posts |
The day after, you're so silly!  That's 'bout as likely as the govmint going after safe deposit boxes. And a great big fat WELCOME to jang! Why 795?  |
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Pillar of the Community
United States
6326 Posts |
Anything with "silver" is worth collecting !!......Figure 10-12 times the face value for what the "general" silver coins are worth on most of them...'30's through '64....(halves are silver up to and including 1970 though) But in good condition, and certain mintmarks are important, any particular coin could be worth much more !! Although a coin shop/dealer won't put the market price on your coins.....could be a good way to get an idea about what you have. If he's an honest dealer, you'll get an honest opinion.......remember he has to resell these coins for a profit so..... What are the ones from the 1800's you said you have ?Can you post some pics up of some of these "older" ones ? |
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New Member
 United States
6 Posts |
Thank you all for the response. I am going to make a list of the silver coins I have but it is going to take a while for sure. I'll post each as I get it completed and make sure not to clean them even thought my hands were black after last night. There are not as many dollars and halfs as there are dimes so I will start there. I think tights24 is probably right. Already I am interested after just going through the coins for one night.
Thanks again. I am happy to have found this site.
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Pillar of the Community
United States
6326 Posts |
 ........ .......... We'll be waiting to see whatcha got !!.....  |
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Rest in Peace
United States
2668 Posts |
You didn't wear gloves!?  |
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Replies: 12 / Views: 1,265 |
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Posted 06/23/2008 10:48 pm
