| Author |
 Replies: 6 / Views: 1,322 |
|
|
Valued Member
United States
463 Posts |
I don't even own any antique halves or dollars. I just recently got into coin collecting and I know absolutely nothing about them. I have been trying to get this person to sell their silver coins to me for a few years (bc I've always collected silver) and they finally agreed to let me go through them next week. Most of them are Morgan dollars & I know these are probably the hardest coins to learn and I have a week to get educated on anything you guys can help me with. There are supposed to be a lot of peace, barbers, standing/walking libertys dollars & halves also. This isn't a small collection and I know there is some good stuff in it but I have no idea what I'm looking for. I will be doing a lot of reading & watching YouTube videos on all of the above but I would appreciate any tips, pointers, etc. on what to look for when going through a large collection of old coins like this. |
|
|
|
Rest in Peace
United States
17900 Posts |
If you want to play it safe, each half is worth near $6,20.in silver value. Double that for a SILVER dollar, half that for a quarter.
Without knowing grading I'd recommend you make a list of what he has for sale, spend a week on specific education, then make your offer.
Many folks who do know coins pull the good stuff and sell the rest of them to folks who don't know coins. Or, it could go the other way and you would steal the coins, which is a total karma muncher.
Be honest. It's always the best way to buy or sell.
Edited by moxking
08/08/2019 7:19 pm
|
|
Valued Member
 United States
463 Posts |
It's an inherited collection and they don't know anything about them either. They want to sell bc silver is up and probably need the money. I want to be fair with them but with all these different vams and varieties, I don't have a clue what to look for or what they would be worth or key dates as of right now. I guarantee you it's a treasure trove just knowing where they came from |
|
Pillar of the Community
United States
4085 Posts |
The first thing I would try to determine is if this collection is primarily common date silver coins that were pulled out of circulation or was this a purpose built collection with higher grade or rarer date coins? If it is the former (circulated/common), then you can apply melt value to all of the Washington quarters, Walking Liberty, Franklin and 64 Kennedy halves and Roosevelt dimes. Standing Liberty and Barber quarters, Barber halves and Mercury dimes will carry a small premium (melt + 20%?) while any Seated coins will carry a significant premium over melt (melt + 50%?). Common Peace dollars go for $17-20 while common Morgan's maybe $20-25. If it is the latter (high grade/rarer), you can look up individual coin values in ebay completed auctions or Numsimedia price guide to get an idea of price. You don't have to be an expert grader, just be conservative and pick something close grade wise. Edited by KenKat
08/08/2019 8:57 pm
|
|
Valued Member
United States
463 Posts |
|
|
Bedrock of the Community
 United States
12477 Posts |
In this case, I wouldn't worry about VAMs. Make a list of recognized key dates and major varieties for each series that is involved with this collection (Google will help with that, or a Red Book). Use that list to determine if anything would call for a higher price than the melt+type markup that KenKat mentioned. Just don't overcomplicate it. Get a general idea of grading. PCGS has a few good resources for this, including Photograde, Coinfacts and Price Guide. A quick search will lead you to those and they have apps, as well. Take the prices listed in those as a guide only. They are usually inflated to full retail, which is not what would be expected in your case. Keep it as simple and fair as you can. Melt value is your obvious baseline for any offers. 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
|
|
Pillar of the Community
United States
4085 Posts |
Quote:
What about vams? That was kind of my point about what kind of collection is this. If you have coins in 2x2s that have things like VAM indicated on them, you have a serious collection and are probably going to need to value each coin or at least divide into valuable / not valuable. Most people I know that have asked me to look at a collection they inherited have a bunch of common coins that are worth silver melt or a little over silver melt for some of the older stuff like Morgan's. |
| |
Replies: 6 / Views: 1,322 |
|
Posted 08/08/2019 7:38 pm
