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Inherited Coin Set - Basic Questions

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hfjacinto's Avatar
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7276 Posts
 Posted 02/03/2024  4:55 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
Your 50 cents has a rim ding which lowers its value substantially.

$325 is actually much higher than I would offer.

Your 1922 Peace dollar is AU but the toning is worry some. Either way it's a common date with no real numismatic value.

I'm not trying to discourage you but I want you to be realistic in what the coins are worth. My dad left he a small collection, I did the same thing you did but I had a better understanding of the value and I overvalued a few coins, but I was in the ballpark with the offer I got. Unless something is high grade or rare, there just isn't much value. Being realistic is good so that you understand the value both in not being ripped off nor surprised at the offer.
Edited by hfjacinto
02/03/2024 5:16 pm
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Coinfrog's Avatar
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 Posted 02/03/2024  5:58 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Unless there's something interesting in the Standing Liberty quarters, I can't imagine there being much value left here above melt prices.
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United States
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 Posted 02/03/2024  6:18 pm  Show Profile   Bookmark this reply Add Ric24 to your friends list Get a Link to this Reply
Thanks all for your replies. In terms of value, I have seen values vary widely. It is interesting that the Coin Snap app varies from the Coin Facts app which is normally lower. Except for the Capped Bust 50c piece which identified it as a 1830-O. The "O" is for the larger 0 in the 1830. Small or large O in coin facts was about $175. The Coin Snap listed it at $46 and the dealer said $100 (but had to be part of the set for $325). I'm discouraged at replies that the value may be lower than the App prices. I'm new to this and it is like playing Where in the World is Waldo except in coin collecting, finding the "Waldo" could be $$$$.
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hfjacinto's Avatar
United States
7276 Posts
 Posted 02/03/2024  6:46 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
The value on coin facts is based on a graded coin. For "real" value you need Grey Sheet. Coin facts pricing is what I would call ebay buy it now, which means you might wait for a while for that price. ebay also has costs with selling. Grey sheet (while much lower) is what dealers use for standard coin value. Grey Sheet is as close as you'll get to dealer to dealer pricing. I use Grey Sheet as a start and go up or down based on condition.

A lot of posters on here will tell you to use ebay sold, unless your coin is graded, and unless you know how to grade, the ebay sold can be realistic or way over valued or under valued.
Edited by hfjacinto
02/03/2024 6:50 pm
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Coinfrog's Avatar
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 Posted 02/03/2024  6:58 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Simple fact: Unless you can show us some pics of SLQ's or other coins with possible collector value, then I'm guessing just melt.
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United Kingdom
383 Posts
 Posted 02/04/2024  02:16 am  Show Profile   Bookmark this reply Add Spyro to your friends list Get a Link to this Reply
Hi there. There may be some interesting items among the English coins, 1932 and 1934 in EF condition for instance. There were only 7 struck in 1933, the whereabouts of 5 of which are known, and there are fakes about so beware! Some of the foreign ones could be interesting too but I'm no expert there unless one of them is big and silver with a fat lady on one side and JUSTITIA ET CLEMENTIA round the edge. Have fun!
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jbuck's Avatar
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 Posted 02/05/2024  09:37 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
to the Community!

Your post was moved to the appropriate forum for the proper attention.
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Slider23's Avatar
United States
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 Posted 02/05/2024  10:51 am  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
The coin looks like it is AU as there are circulation nicks all around the rim and there appears to be slight wear on the reverse, so your cleaning did not hurt the value as the coin is still worth melt around the $8 value. The substance on the coin could be simple tarnish or some type of substance applied. The correct approach would have been to soak the coin in Acetone to remove the substance, and do not wipe or scrub the coin. If the Acetone did not remove the substance, and it appeared to be tarnish, the coin could be dipped to remove the tarnish. The best approach beyond the use of Acetone is to do nothing to the coin.
Inherited-Coin-Set---Basic-Questions
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BStrauss3's Avatar
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4593 Posts
 Posted 02/05/2024  1:36 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
With that much scratching? Details for sure. Worth silver value. You'll always have the silver value.
-----Burton
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Dearborn's Avatar
United States
96514 Posts
 Posted 02/09/2024  9:51 pm  Show Profile   Bookmark this reply Add Dearborn to your friends list Get a Link to this Reply
Oh that poor Kennedy. Please no rubbing or scrubbing of these coins. You will only reduce the value of them.
My first go to is to soak in pure Acetone over night, then to air dry
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captainkurt's Avatar
United States
1406 Posts
 Posted 02/10/2024  5:49 pm  Show Profile   Bookmark this reply Add captainkurt to your friends list Get a Link to this Reply
Chicago suburb you say?! I have been going to Morton Grove Coins and collectables for years. They have always been fair with purchase prices as I have only bought and never sold. I would recommend them for sure!
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Coinfrog's Avatar
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 Posted 02/10/2024  5:56 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Best coin shop in the Chicago north suburbs (for me) is Glenview Coin and Collectibles. Cannot say enough about their honesty after 20 years of buyng and selling.
Edited by Coinfrog
02/10/2024 6:31 pm
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Coinfrog's Avatar
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 Posted 02/10/2024  6:34 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
PS -@Slider's Kennedy is a nightmare, as I'm sure he knows.
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captainkurt's Avatar
United States
1406 Posts
 Posted 02/11/2024  3:08 pm  Show Profile   Bookmark this reply Add captainkurt to your friends list Get a Link to this Reply

Quote:
Best coin shop in the Chicago north suburbs (for me) is Glenview Coin and Collectibles.


How did I not know about this one?!

On my list for next Friday!
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