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Replies: 16 / Views: 1,008 |
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New Member
United States
1 Posts |
I'm brand new to the community of coin collecting. I have a mass of pennies. My father would collect gallon jugs of them and turn them in for savings bonds. So I have gallons and gallons of pennies and lots of wheat pennies in jars that he would hold out. My question is how do I know what is what? For example I picked out a 1974 penny with no mint mark in great shape. Their are videos all over Youtube and places saying its a great find. How do I start knowing what to look for to know its value? Thanks for the help! Edited by MulletMatt 06/20/2024 11:30 am
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Pillar of the Community
United States
3535 Posts |
I also inherited a 10,000+ collection of coins from my Father & Grandfather just over a year ago. It is overwhelming at first and it will take some time, but you came to the right place here for Pro advice and guidance. Learn to take really good photos. Clear in focus close ups. You'll see really good examples of that here and some not so good examples. Work on the photos first. It greatly helps. I can give one word of advice right now. Referring to a coin as " no mint mark" is inaccurate. no mint mark = coins minted at the Philadelphia Mint. You'll get used to all the terminology! Good Luck!
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Moderator
 United States
188952 Posts |
 to the Community!
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Pillar of the Community
United States
1780 Posts |
 MulletMatt ... also, be wary of ebay "valuable coin" offerings, as a number of them are not valuable, & are often posted by someone ignorant of coin values ... look at the seller's feedback (very little to zero feedback is a red flag), & look at the seller's 'SOLD ITEMS' to see if they're a regular coin seller / dealer ... ...there's a thread here on ebay coin scams ... http://goccf.com/t/166229 ... "Fun Thread--Worst Coins On ebay, Etsy, Craigslist, & Other Buying sites" ... check it out ... ...Looking forward to your posts & contributions ... 
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Pillar of the Community
United States
781 Posts |
 To CCF!
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Bedrock of the Community
United States
74502 Posts |
 To CCF! We'll need pictures to help you out.
Errers and Varietys.
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Pillar of the Community
United States
659 Posts |
As for determining the approximate value of your coins, especially your wheat pennies, I suggest that you log on to "Numista.com" ( https://en.numista.com ) and navigate to coins, united states, etc. and research each coin by date and mintmark. Numista will provide guidelines as to which each of your coins are worth. You will have to learn how to determine the grading of coins, based on the wear and condition of each coin. This is where we can assist you. By uploading photographs of your coins to coincommunity and asking whatever questions you have. Of course all this will take some time but it should be an enjoyable trip. Good luck, and please keep us informed as to the treasures you are sure to find.
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Pillar of the Community
 United States
6535 Posts |
The first good thing to do would be to buy some cheap paper shotgun wrapping tubes and a pair of cotton inspection gloves. You don't want to get corrosive fingerprints on any valuable coins. Also, circulated coins are quite dirty. If your father was stashing cents for a long time, you might have some valuable mint state coins in the jugs. When I went through my grandfather's Wheat cent stash, I sorted them all by year. If you have a lot, you might go straight to piles of year and mint mark. That's what the tubes are for. Then you get trained up on a particular year, and make a first pass. I used a cheap little plastic clip-on magnifier that I bought on Amazon for $9. Still using it a year later, it takes decent pictures with my iPad. Any super nice gleaming red coins—particularly wheaties—you can stash right in a little folded piece of paper. Flips are a waste of money at the sorting stage, but DIY paper flips and a ziploc bag work just fine. I eventually found a 1944-D doubled die obverse and a 1946-S inverted mint mark in my pop-pop's stash, but it took a lot of learning and multiple passes to finally pick them out.  That's my basic coin hunting setup, don't let anyone tell you that you need to spend real $$$ to find stuff. It's 95% training—which you can learn right here for free—and 5% using very cheap equipment properly.
Edited by Brandmeister 06/20/2024 12:36 pm
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Bedrock of the Community
United States
19178 Posts |
Pretty much agree with all above. And yes, be very wary of YouTube videos. Let the fun begin!
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Pillar of the Community
 United States
6586 Posts |
Quote: Their are videos all over Youtube and places saying its a great find. How do I start knowing what to look for to know its value? Ask your questions here! The people here, know a lot more than most of the people on YT
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Moderator
 United States
188952 Posts |
Quote: The people here, know a lot more than most of the people on YT 
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Bedrock of the Community
 United States
25370 Posts |
Inordinately fascinated by bits of metal with strange markings and figures
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Moderator
 United States
96735 Posts |
  with above statements - and a starting good starting point would be to organize your coin by decade and mint first.
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Moderator
 United States
15458 Posts |
 to the CCF Good advise already given. I add to NEVER clean any of the coins. You will not improve how they look, and you will destroy nearly any numismatic premium they might have. If some coins are grungy with organic residue on them it is appropriate to soak them in pure acetone to remove the material. This is not consider harmful cleaning. If you need to do that come here first for detailed advise. Most of all - have fun with the search.
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Pillar of the Community
 United States
6535 Posts |
Quote: NEVER clean any of the coins. You will not improve how they look, and you will destroy nearly any numismatic premium they might have. Yeah, nickelsearcher makes a great point. You do NOT clean coins. If you discover a really grungy coin, then folks here can walk you through a cleaning with pure acetone (not nail polish remover) and you can practice on some worthless coins first. I will also echo the statement about the Red Book. Don't waste money on buying a new edition. Most libraries have a lending copy of the red or blue book. You can snap a few pics of the relevant pages in a minute. There are plenty of free online resources like Numismedia that are basically just as good.
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Pillar of the Community
 United States
7174 Posts |
 to the CCF and  with all of the other posts. The first thing to realize is that the chances of finding anything that is worth big money are almost nil. If you're in it to get rich, it's going to be a let down. You can't rely on you tube to give you any good advice. You'll have to search thousands of coins before you find something that's worth saving. Go into it for the fun of the chase, then it will be a life long addiction.
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Replies: 16 / Views: 1,008 |