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Replies: 13 / Views: 1,182 |
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New Member
United States
42 Posts |
I have a family member who amassed a hoard of modern coins - State Quarters, memorial cents, etc. I don't know a ton about coins, but I know more than my other family members, so it's been left to me to look through the coins and try to figure out what might be valuable. The hoarder loved buying uncirculated rolls of State Quarters and memorial cents. It seems likely that a few of those mint state rolls would have coins that would grade 65 or above. Maybe there's even a 67+ in there somewhere? I hate to just dump mint rolls at the bank, but I don't know if it would be worth looking through all of them. Even if I do find a coin that is an actual 67 or 68, wouldn't it be tough to sell an unslabbed modern coin based on it's condition rarity? I used to use Numismedia to value coins, but I've read that many of those the prices are now considered to be inflated. Also, I don't know if the prices for slabbed or unslabbed coins. Any thoughts or opinions?
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Moderator
 United States
56855 Posts |
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Pillar of the Community
United States
7273 Posts |
You can sell uncirculated rolls of modern coins on ebay but they don't bring much. My local coin dealer gives out modern mint state coins as change. They made millions/billions and there are only a few collectors of modern coins so there isn't as much upside as for example a mint state 1960 roll.
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Moderator
 United States
94636 Posts |
How about a picture of this 'hoard'?
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Bedrock of the Community
United States
19109 Posts |
If there are rolls of fresh bicentennial quarters (1776-1976) minted in Denver, look closely through those for a rather rare Doubled Die Obverse (FS-101).
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Moderator
 United States
94636 Posts |
We can only begin to guess what you have or tell how you how to proceed without a bit more information.
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Bedrock of the Community
United States
94367 Posts |
Must agree! 
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Moderator
 United States
15384 Posts |
Yes - tell us more so we can offer informed views. A picture is worth a thousand words - so spread the hoard out and show us a photo of the magnitude of what you are talking about. I will answer one specific question: Quote: Even if I do find a coin that is an actual 67 or 68, wouldn't it be tough to sell an unslabbed modern coin based on it's condition rarity? Absolutely, it would be nearly impossible to convince an internet based buyer to pay for a lofty grade without TPG certification. You might be able to convince a local coin store owner to purchase such a coin raw - but he/she is going to seriously discount the price because of all the expense they need to put into it.
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Pillar of the Community
United States
878 Posts |
Are they all recent or any older ones?
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Pillar of the Community
United States
1484 Posts |
Most, unfortunately, are basically worth near face value. You might narrow your focus to any premium rolls, such as business strike "S" mint quarters ( ATB & AWQ) and any NIFC halves and dollars. In addition, you could focus on certain years of note, such as LMC issues with WAM or CAM variants. Finally, you might break open any 2019 & 2020 ATB rolls in the hope of finding "W" mintmarks.
Edited by halfamind 12/12/2023 7:48 pm
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Bedrock of the Community
United States
73579 Posts |
If you can get some pictures, we can help you out more.
Errers and Varietys.
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Pillar of the Community
United States
1648 Posts |
Quote:The hoarder loved buying uncirculated rolls of State Quarters and memorial cents. It seems likely that a few of those mint state rolls would have coins that would grade 65 or above. Maybe there's even a 67+ in there somewhere? I hate to just dump mint rolls at the bank, but I don't know if it would be worth looking through all of them. Even if I do find a coin that is an actual 67 or 68, wouldn't it be tough to sell an unslabbed modern coin based on it's condition rarity? I used to use Numismedia to value coins, but I've read that many of those the prices are now considered to be inflated. Also, I don't know if the prices for slabbed or unslabbed coins. Any thoughts or opinions? Uncirculated Rolls bought through the mint rather than circulated coins rolled up at home may either be sold on ebay as is, or you can check the worth of a coin on pcgs and ngc in graded condition and how many are in the census for those grades (as if there is only 1 or 2 found in that top grade out of millions its unlikely that you will find that condition), and then pay to submit the coin for grading, and then potentially sell it. This requires a lot of time and experience because modern coins tend to have only the top grade or two that are harder to find with value while the rest are money even or money losing vs older coins which may hold more value than the grading fees even when not in the very top condition in some cases. A few do sell the uncirculated coins from the rolls without the grading individually. I also have seen some people sell coins in sets or even cracked out of proof sets such as 1971-79s Lincoln Penny proof run gem from proof sets. Again prices can be looked up on ebay including checking completed listings/sold listings on the left side to see only what sold ones are going for (green pricing) as anyone can put up a listing at any price that may never actually sell for that price. Separate from that, there are errors, varieties, and can see if any of the rolls are premium rolls like halfamind mentioned such as business strike "S" mint quarters which have more limited quantities made than the millions or billions of normal business strike quarters and the W quarters. In general those with time and knowledge do prefer top condition coins like that to search as if they find something its far more valuable in those conditions than finding it in a circulated example so thats why the rolls sell regardless. PCGS Graded price guide: https://www.pcgs.com/pricesPCGS Census (Population Report for grades) https://www.pcgs.com/pop/uscoinsSimilar info is also on the NGC site for NGC graded coins which is more cost effective for modern coins. You can also use ANACS for grading modern coins for less, but the values for sale tend to be lower than NGC or PCGS if you know you have a top coin in top condition prior to submitting.
Edited by datadragon 12/13/2023 10:29 am
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Pillar of the Community
United States
613 Posts |
"Modern Coins" is too broad a term. What ar3 the date ranges? Just quarters and cents? Any loose coins or coin collecting folders?
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Pillar of the Community
United States
4233 Posts |
How much is your time worth? Personally I would dump them all at the bank. If you had $1000 in quarters and you spend 10 seconds looking at each one with a loupe, it will take you 11 hours to go through them all. If you value your time at $10/hr, are you finding a common quarter worth $10 every hour? Then you'll have to market it, package it, and ship it. That's the way I look at it at least.
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Replies: 13 / Views: 1,182 |
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