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Replies: 26 / Views: 2,891 |
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Pillar of the Community
 Canada
1767 Posts |
Quote: Give them to your grand children, if you have any. They will either start collecting coins or spend them for you. Great idea, in my case it would be great-grandchildren.  I intend to leave it all to my oldest son and let him figure it out.
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Pillar of the Community
United States
730 Posts |
I see your junk and raise you even more junk.
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New Member
United States
17 Posts |
That's what I am facing right now after dad's passing. Dad had both true collectable coins and hoardes of coins which he had acquired from his dad as well as what he had collected through his lifetime.
My strategy? I am currently dividing all hoarded coins into series and further breaking them down by decades. Will read up on what to look for on each series, takes notes, than one a weekly basis, review at least one to decades of a series per week. Each coin will be categorized as follows: - Worth more face and melt value - set aside - melt/Scrap pile for coins whose melt is more than face value -spend/deposit into bank account
I am going through this pain staking because I just semi retired, have time on my hands, need a hobby and want to maximize the proceeds of the estate for the benefit of my 2 siblings and late sister's 3 children. Dad taught me how to look for silver coins in my lunch money, showed me the jewels of collections periodically so in a weird kinda way, it like honoring him and continuing his legacy. So if you have time and motivation, this could be a way as well.
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Pillar of the Community
United States
3848 Posts |
Most people start off with collecting junk. As one matures into a serious collector, he looks back and sees the garbage that was once viewed as precious. The collector liquidates all the junk and focuses on good and desirable material after realizing what collectors want to buy.
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves.
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Moderator
 United States
189142 Posts |
Quote: As one matures into a serious collector... The collector liquidates all the junk I must have missed that memo.  But I do not have any junk!  Okay, I might have some junk... a few rolls of common Wheat and 95% Memorial cents... a box of nickels. It is certainly not taking up much room. 
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Pillar of the Community
United States
4233 Posts |
I guess I'm too lazy to become a "serious collector."
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Pillar of the Community
United States
3848 Posts |
Quote: Okay, I might have some junk... a few rolls of common Wheat and 95% Memorial cents... a box of nickels. It is certainly not taking up much room. Ok... that makes two of us! I guess while many liquidate their starting collection, many keep them as well. But there certainly is a progression of coin quality increasing from beginner to experienced.
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves.
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Moderator
 United States
189142 Posts |
Quote: But there certainly is a progression of coin quality increasing from beginner to experienced. Agreed. Prime example, the Ike set in my Dansco album versus the one in the Lighthouse box. 
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Pillar of the Community
United States
619 Posts |
As has been mentioned prior, it is fun to hand some cashier a group of Ikes and Kennedy halves. Sometimes they may call the manager over to verify if its good. I've dumped most of mine by now including unwanted two dollar bills. Have fun!
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Pillar of the Community
Russian Federation
1557 Posts |
Quote: Okay, I might have some junk... a few rolls of common Wheat and 95% Memorial cents... a box of nickels. It is certainly not taking up much room. I sometimes buy silver 10 and 25 cents and put them in my little album. I want to collect a small series of silver Mercury and Roosevelt as well as Washington quarters. But such coins in good condition are sometimes quite expensive, so I just close the hole without thinking about the condition. I'm generally not picky about the condition, although I've been collecting for almost 10 years.
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Valued Member
United States
218 Posts |
Quote: Most people start off with collecting junk. As one matures into a serious collector, he looks back and sees the garbage that was once viewed as precious. The collector liquidates all the junk and focuses on good and desirable material after realizing what collectors want to buy. This was me in summer 2022. I decided to go through all the rolls of coins I'd saved from circulation over the first 11 years of my collecting journey that started in childhood, threw all the junk in my jar, and ended up with some $120 more in my savings account. It included bags of spending money (none of it numismatically interesting) given to me by deceased relatives, lots of late-era state and ATB Quarters, westward journey nickels, shield zincolns, etc. that had just been sitting around in my room for years, just losing value and not fulfilling its destiny as coins. My mom saves everything, of any denomination, from 1982 or earlier. That's the year cents went from 95% copper to copper-plated zinc, so she sees anything older than that as being from a bygone era. Meanwhile my dad has a jar full of bicentennial stuff he's accumulated over the decades and continues to do so. Eventually, I'm going to inherit all this stuff.
Edited by DiscoLover82 11/29/2023 1:02 pm
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Replies: 26 / Views: 2,891 |