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Where Do I Start Learning And Researching?

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Longtrack Lady's Avatar
United States
8 Posts
 Posted 12/03/2019  9:30 pm Show Profile   Bookmark this topic Add Longtrack Lady to your friends list Get a Link to this Message Number of Subscribers
Newb here! And I have to say this is overwhelming. I inherited a ton of coins, which most I will bet are only worth face value. But... How do I know?

So, I am looking for ideas. Right now I have sorted by domination.. and those that look intriguing have been sorted out. I have started a spreadsheet of country, domination, year, and in the point of paper - serial #.

Would it be best to take the cool looking ones and learn first? Or start with pennies and work my way up. Or, maybe everything at once (just kidding, my brain just panic'd!)

I am seriously a blank slate willing to learn. Bought a little microscope that hooks to my computer so I could get good pictures. (Not to impressed with it yet) Just looking for that next Dare to be Surprised moment!

Thanks!
Valued Member
chrisof4's Avatar
United States
274 Posts
 Posted 12/03/2019  9:41 pm  Show Profile   Bookmark this reply Add chrisof4 to your friends list Get a Link to this Reply
to the forum. I am sure you will hear this repeatedly, but regardless of the condition of the coins, don't clean them. If any of them do have value, cleaning can ruin them. As for education, you made a great start by coming here. There is a ton of helpful information on this site and everyone is super friendly and very willing to help.

To get a rough idea of value, there are several ways to go. You can download the one of the mobile applications from the major coin grading services. That will give you an idea of price and some other general information. There are several price guides on the Internet (just search Google). The Red Book is a good place to learn more about each coin and get a general value. You can check prices on ebay as a ton of coins are sold there. Generally, I would start with the oldest coins and work to the more modern ones as they are less likely to be worth more than face value. The key thing to remember is condition is the key. The less wear and damage a coin has, the more it is generally worth.

If you have questions about specific coins, post them here and people will be glad to help. All of this is just my opinion, and I am relatively new here myself. These guys know there stuff, so if they contradict anything I have said, listen to them. Once again, welcome to the forum!
Rest in Peace
dave700x's Avatar
United States
10625 Posts
 Posted 12/03/2019  9:46 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply

Quote:
I inherited a ton of coins


Follow the link in your post...

And to CCF!
Edited by dave700x
12/03/2019 9:47 pm
New Member
Longtrack Lady's Avatar
United States
8 Posts
 Posted 12/03/2019  10:26 pm  Show Profile   Bookmark this reply Add Longtrack Lady to your friends list Get a Link to this Reply
OK The automatic link thing was amazing. Great trick and perfect! Also thank you Chris! That makes sense on working backwards.
Rest in Peace
T-BOP's Avatar
United States
18456 Posts
 Posted 12/04/2019  09:39 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
To CCF , I understand that inheriting a bunch of coins can be overwhelming but stay with us , we will guide you through it . In the mean time pick up a couple of books on the subject and try to post some photos of your favorite coins here . Have fun with the hobby .
Bedrock of the Community
United States
20753 Posts
 Posted 12/04/2019  09:51 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

It isn't to complicated. To start simply look up places like coin shops or hobbby stores. Try to buy what is called the Red Book by Whitman Publishing. Also, you may want to try the Whitman web site for a list of books on coins.
Pillar of the Community
CitationSquirrel's Avatar
United States
1026 Posts
 Posted 12/04/2019  10:01 am  Show Profile   Bookmark this reply Add CitationSquirrel to your friends list Get a Link to this Reply
Welcome aboard. The use of a spreadsheet is a good idea to keep track of your inventory. I can only echo what you've heard above. Buy a good "general" book, such as the Red Book. As you dig deeper you may need to look at more specific books and resources. If you get stumped on something, feel free to post a question here. The members here are an excellent resource.
Pillar of the Community
oriole's Avatar
Canada
5239 Posts
 Posted 12/04/2019  12:52 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
When you say a "ton", would all of them fit into a shoe box, or would you need a large plastic tote, or maybe several? Are many of them in cases or are they loose/ in tubes?

You don't want to make a spreadsheet with a listing of 1000s of recent Lincoln cents, at least not right away, that is for sure.

Definitely get a Red Book, separate the silver from the non-silver, the older (1964 and older) from the new, attempt to grade a few (on-line guides, etc) to get a sense of the values.
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jbuck's Avatar
United States
188213 Posts
New Member
Longtrack Lady's Avatar
United States
8 Posts
 Posted 12/04/2019  9:40 pm  Show Profile   Bookmark this reply Add Longtrack Lady to your friends list Get a Link to this Reply
Thanks All! What a Great site! I will get on the Red Book now. And good to know about the Silver vs Non Silver - Sticky Note created. As for amount, I have hard to say. At this point, I have opened one small safe. Probably 2- gallon Ziploc bags full? I am sure that many are just memories. For example, there was a coin in an envelope that said- found out side of some bank in Montana, dated 1973. So, who knows. Might just be how my grandma remembered things.. and then in the same pile, I found a Julius Ceasar coin. So.. It has been fun! I will post some this weekend. This is going to be fun, so thanks for helping me in my journey!
Bedrock of the Community
merclover's Avatar
United States
10635 Posts
 Posted 12/05/2019  02:56 am  Show Profile   Bookmark this reply Add merclover to your friends list Get a Link to this Reply
to the CCF!

Don't be afraid to ask questions! You're part of the family now!
Pillar of the Community
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scopru's Avatar
United States
5029 Posts
 Posted 12/05/2019  07:56 am  Show Profile   Bookmark this reply Add scopru to your friends list Get a Link to this Reply
Welcome and please do not hesitate to post some pictures of any coins you are curious about.
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