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Advice From The More Knowledgeable Please

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Canada
2 Posts
 Posted 05/22/2019  1:26 pm Show Profile   Bookmark this topic Add Jcard to your friends list Get a Link to this Message Number of Subscribers
Good afternoon,

I am happy to find this forum through searching the internet. I am hoping for some genuine advice from the educated coin collectors.

A few months ago my father passed away and while helping mother sort through my Dad's collections we have now run into his coin collection. There are thousands of coins from the late 1800's through the 1980's mostly Canadian, some US, some European and a couple handfuls from other places around the world. Half pennies, pennies, nickels, quarters, half dollars, silver dollars and stuff from the Canadian Mint. Some coins are in cases others in ziplock bags and then bags full of coins.

Where should I start to figure out what's in the collection, potential values, what's worth keeping and what's worth potentially getting appraised?

At this point in time there is no interest in selling any of the collection simply gaining an understanding of what's here.

It seems like a daunting time consuming task. First thought is to sort out denominations and years. Advice would be highly appreciated.
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Finn235's Avatar
United States
6130 Posts
 Posted 05/22/2019  1:38 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply


Sorry for the loss of your father.

Here is a nice website to get started on Canadian coins:
http://www.coinsandcanada.com/coins-prices.php

Very frequently the "80/20" rule will apply to collections; that is, 80% of the total volume will only be about 20% of the total value. Expect to find a whole lot of coins worth only a few cents to a few dollars, and there may be a handful worth a lot more.

Most likely, your father had an organizational system that made intuitive sense to him - figure out what that is, and sorting through the collection ought to be a breeze.

I would start with the coins in cases first; they are more likely to be the 20% of the collection worth 80% of the value. For the "bags and bags" of coins, he may have been attempting a few sets either from circulation or junk bin finds. Some people also like to stockpile their favorite designs.

If you can take and upload images, we can give some pointers on where to look next.
New Member
Canada
2 Posts
 Posted 05/22/2019  2:26 pm  Show Profile   Bookmark this reply Add Jcard to your friends list Get a Link to this Reply
Thank you for your reply. Today was the first time I really started to look through the collection, I have bookmarked the website you have mentioned, thank you again.

I did start to separate the Canadian silver dollars.
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Canada
5588 Posts
 Posted 05/22/2019  3:17 pm  Show Profile   Bookmark this reply Add okiecoiner to your friends list Get a Link to this Reply
Yes, separate out the coins in denomination and the years. The CaC link should provide you with enough info, but I would pick up a copy of Charlton annual coin guide or a copy of the Canadian Coin News, a newspaper-like pub every 2 weeks. You should be able to find a copy in a larger book store or large book section in a large mall-type store. It will take a while to sort through it all. For pre-67 circulated stuff, which is silver, use the following rule of thumb. For every face dollar of pre-67 Canadian stuff, the dimes through dollars are .800 silver and $1 dollar's worth is .6 troy oz of silver. With silver at about $15.50 US, every face dollar is worth $9.30 US or $12+ Canadian.
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United States
188213 Posts
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Coinfrog's Avatar
United States
94367 Posts
 Posted 05/22/2019  4:56 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Good luck and get back to us with any questions you might have!



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