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Newbie With Lots Of Issues

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New Member

United States
23 Posts
 Posted 07/06/2010  12:54 am Show Profile   Bookmark this topic Add bfranton to your friends list Get a Link to this Message Number of Subscribers
Have numbers of grossly circulated coins; how does one get ratings without spending mega dollars for fees? Don't know what to look for.

Of particular interest is $5 gold piece which has literally been in safety deposit box most of it's life... yet, circulated.

Peace dollars...

other silver dollars. do I clean? or not?
Pillar of the Community
Adam_E's Avatar
United States
4846 Posts
 Posted 07/06/2010  01:02 am  Show Profile   Bookmark this reply Add Adam_E to your friends list Get a Link to this Reply
ill tell you one thing...DO NOT CLEAN THEM!!
Pillar of the Community
afclassic87's Avatar
United States
564 Posts
 Posted 07/06/2010  02:41 am  Show Profile   Bookmark this reply Add afclassic87 to your friends list Get a Link to this Reply
If you want a ball park grade take some close up pictures and post them. Do no clean anything!! Keep them natural!
Valued Member
Stunet's Avatar
United States
211 Posts
 Posted 07/06/2010  11:38 am  Show Profile   Bookmark this reply Add Stunet to your friends list Get a Link to this Reply
First step is pick up The Guide to US coins. The Red Book. That will give you a rough idea of the grade of a particular coin and a sense of its value. Its not that hard to get a rough sense of the coins grade. Can you read the date? Is there wear in Jefferson's hair? Does it still have mint luster? These are questions you can answer yourself.

Hopefully you will find some coins that have some real numismatic value. Mom might have picked up some real gems that have multiplied in value over the years. The next step is to catalogue the coins. Make an inventory, Denomination, Date, Mint, Variation, approximate value.

When you have a sense of the retail value of the collection, then you have to look at options. Local coin dealers will off you wholesale prices (50%-30% off retail). Thats the easiest. Walk in with the coins, walk out with a check.

Go to a coin show and talk to people. Show them your inventory. Determine the best way to sell.

This forum is run by people who will look at your collection and sell it for you.

If you have a lot of value in the collection, you may explore auction houses like Stacks and Heritage. They will take 10-20% plus fees to sell off your collection. However these guys are looking for coins with values over $400, and really want to see $20K collections.

ebay takes a bit of work but you can get near retail value for the coins. Take a picture, make a listing. Start at 99¢. Have envelopes, a scale, and shipping materials ready. If you have good pictures the buyers will determine the grade and value.

Try Coinbug.com. Post a picture and a price and wait to see if you have any buyers.



New Member
United States
23 Posts
 Posted 07/06/2010  12:09 pm  Show Profile   Bookmark this reply Add bfranton to your friends list Get a Link to this Reply
Hey everyone! Thanks so much for the kind words and good places to start! I'll see if I can get some pictures up soon.
Bedrock of the Community
United States
20753 Posts
 Posted 07/06/2010  4:26 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
As usual though most forget to say WELCOME TO THE FORUMMMMMMMMM
As already noted start with purchasing a Book called the Red Book by Whitman Publishing. Look around at used book stores, coin stores and even garage sales for one. You do not need the lastest version since the prices shown for coins in any of those are about 3 t o4 years in the future. I mean over inflated prices. However, all editions will get you general information as to mintages, how to grade, background, etc.
If you want to learn a lot about coins do go to any coin shows in your area and ask, ask, ask. To find about possible coin shows just try Google for coin shows in your state.
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