| Author |
 Replies: 17 / Views: 2,255 |
|
New Member
United States
1 Posts |
Hello, I have inherited bags and bags of coins from my dad. What is the best way to go about obtaining their value? Is there an app by chance? Thanks in advance! |
|
|
|
Bedrock of the Community
 United States
24939 Posts |
 to the Forum, Henry! The first thing you should do is acquire a new copy of The Red Book (Guide Book of United States coins). This will help you to learn about the coins that you have inherited. Readily available online or at bookstores. You can also post pictures of individual coins here and members will gladly assist you. By the way, my sincere condolences for your loss. Inordinately fascinated by bits of metal with strange markings and figures
|
|
Pillar of the Community
United States
634 Posts |
You can also check ebay for price of sold coins. |
|
Valued Member
United States
59 Posts |
Good advice from precious posts. I would start by separating them by denomination. Then check the Red Book for key dates. |
|
Bedrock of the Community
United States
94367 Posts |
 to the CCF! |
|
Pillar of the Community
United States
5604 Posts |
Excellent Advice, Best Wishes, I Too am Sorry for the loss of your Father
Edited by Morgans Dad
04/03/2023 9:12 pm
|
|
Moderator
United States
94786 Posts |
sorry for your loss.  first thing to do is find a place to start, like Lincoln cents, then a little bit of research on what are the 'Key' coins. once you have that list, separate them to date and mint. if you find any key dates along the way set them aside to look at later, continue until all coins are separated. At that point, study up on each year for known errors, and search away.. |
|
Pillar of the Community
United States
7273 Posts |
It really depends on the coins. If they were pulled from circulation they might just be worth face or melt value. If they were clad they aren't worth much unless mint state.
|
|
Pillar of the Community
United States
3540 Posts |
Make a list of what coins are in the bags. US 90% silver coins were produced in 1964 and prior. Dimes/Quarters/Half dollars have a dual value - numismatic (rarity and condition) AND a silver bullion value. 40% US silver coins are in the same category. Buffalo nickels WITH dates command a higher premium for common dates than "no date" Buffalo nickels. Lincoln WHEAT cents (two wheat ears on the reverse), minted between 1909 and 1958, command a slight premium over face value - generally, 3 to 6 cents per coin, again, depending on condition. Of course, some dates and mintmarks have a numismatic value as well. Whatever you do, do NOT take to the local pawn or coin shop until you figure out what you have. Pictures would help you on this site. |
|
Moderator
United States
56855 Posts |
|
|
Moderator
United States
187702 Posts |
to the Community! |
|
Pillar of the Community
United States
3207 Posts |
if bags and bags means thousands of US coins, and you do not have lots of time, you can make estimates based on age: 1) anything dated 1933 or earlier very likely carries a premium over its face value, perhaps a large premium 2) coins with reeded edges dated 1964 or earlier carry a premium at least for their metal content 3) half dollars from 1965 to 1970 have some silver, and thus some premium 4) everything dated 1971 or later has virtually no premium value unless it is pristine from having not circulated |
|
New Member
United States
4 Posts |
Hi.my first post, I hope this is correct place. I am new to this but checking ebay does not seem like a way to get true values for coins to me. Or the prices correct and I'm missing something. please advise me and thank you. |
|
Pillar of the Community
United States
634 Posts |
ebay sold prices may not be true value. But you can see what others are willing to pay for a coin.
|
|
Pillar of the Community
United States
2832 Posts |
@Ddot.... In regards to "true value", (something) is only worth what someone is willing to pay (for that specific item) on any given day. My opinion, ebay sold values is a more accurate way to obtain actual price/value vs. retail markup. |
|
Moderator
United States
187702 Posts |
to the Community, Ddot! I my opinion, the completed sales on ebay are a good resource to see what the market is willing to pay.  |
| |
Replies: 17 / Views: 2,255 |
Posted 04/03/2023 8:29 pm
