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Inheriting A Family Collection

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SherryBaby's Avatar
United States
15 Posts
 Posted 08/18/2010  3:56 pm Show Profile   Bookmark this topic Add SherryBaby to your friends list Get a Link to this Message Number of Subscribers
My 91 year old grandmother has decided that I will be the one to receive a coin collection her mother started and gave to my grandfather when they were married. I know that there are a lot of coins but I am not sure what I should do to make sure that they are all stored well, if I should have them graded professionally or even if they will need to be cleaned. Any suggestions would be greatly appreciated!!
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John1's Avatar
United States
56855 Posts
 Posted 08/18/2010  4:07 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Do not clean any of them Post pix of the better ones and we can comment on them,which ones might justify a TPG.Congrats on receiving what is probably a real nice coin collection.
John1
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SherryBaby's Avatar
United States
15 Posts
 Posted 08/18/2010  4:48 pm  Show Profile   Bookmark this reply Add SherryBaby to your friends list Get a Link to this Reply
I will not clean them and as soon as I get them and figure out how to take decent pictures I will put some shots up. And thank you John :) I am pretty excited to be entrusted with them!
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DylansDad's Avatar
United States
476 Posts
 Posted 08/18/2010  6:01 pm  Show Profile   Bookmark this reply Add DylansDad to your friends list Get a Link to this Reply

Welcome to CCF. You must know a post like this has us all sitting on pins and needles to see what kind of fun stuff you have to share with us. We'll be looking forward to seeing some pictures.
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vermontensium's Avatar
United States
16677 Posts
 Posted 08/18/2010  6:45 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
Proper cataloging and storage of this collection is a must. If ANY of these coins happen to be in plasticised holders (the soft, pliable plastic "flips"), get them out of those and get them in Mylar non-plasticised flips.
Please post pictures as we can help evaluate what it is you have. Welcome to the CCF!
swcoin.ecrater.com
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Americanamafia's Avatar
United States
672 Posts
 Posted 08/18/2010  6:58 pm  Show Profile   Bookmark this reply Add Americanamafia to your friends list Get a Link to this Reply
WELCOME!!
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albumcollector's Avatar
United States
285 Posts
 Posted 08/18/2010  7:51 pm  Show Profile   Bookmark this reply Add albumcollector to your friends list Get a Link to this Reply
Welcome to CCF! I look forward to seeing the coins you inherited!
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afcop13's Avatar
United States
1409 Posts
 Posted 08/18/2010  8:18 pm  Show Profile   Bookmark this reply Add afcop13 to your friends list Get a Link to this Reply
Welcome and congratulations for picking such a great group of people to help you determine what you've inherited, and how to best preserve the value and store them! (I'm a little modest).

Welcome to the site.
Bedrock of the Community
United States
10284 Posts
 Posted 08/18/2010  8:22 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
Handle them like they will explode if they touch each other or hit a hard surface. Do not clean them.
It takes most of us collectors a lifetime to get together a collection that some people inherit at once.
What an opportunity for you to become educated about what you'll already have.
Your grandmother, I am sure would want you to do the right thing with her coins. Learn about what you have here and welcome to CCF.
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big777bill's Avatar
United States
376 Posts
 Posted 08/18/2010  10:16 pm  Show Profile   Bookmark this reply Add big777bill to your friends list Get a Link to this Reply
Ask questions and then ask some more questions. Get books and read up on the type of coins that are in the collection. Learn as much as you can before any decisions are made. There are many extremely knowledgeable people here at CCF, take advantage of that knowledge. Welcome to the forum and the world of numismatics!
Bedrock of the Community
BadThad's Avatar
United States
19931 Posts
 Posted 08/18/2010  10:39 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Welcome to CC!

Congrats on your inherited collection! My advice:

1) Do not touch the coins except with gloves. Finger prints and mishandling destroy the value.
2) DO NOT CLEAN ANY OF THEM! Cleaning will generally reduce the value by 90% or more.
3) Buy yourself a Red Book. It's a great, cheap general guide that will help you a lot.
4) Catalog each and every coin. I like to use an Excel spreadsheet for this.
5) Ask lots of questions on the forum. We are glad to help!

Listen to what Dave said! This is VERY important! The old time storage methods were horrible. If any coins are in those old, flexible plastic holders, chances are they are PVC based. PVC will destroy coins over time! If you see green on your silver coins, that's probably PVC damage and you need to address it immediately.

Lincoln Cent Lover!
VERDI-CARE™ INVENTOR
https://verdi.care/
Edited by BadThad
08/18/2010 10:40 pm
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neversuited1's Avatar
United States
1121 Posts
 Posted 08/18/2010  11:35 pm  Show Profile   Bookmark this reply Add neversuited1 to your friends list Get a Link to this Reply
Welcome! I would venture to bet that if you, as been said, cataloged them and post the type of coins, years, and mint marks, people here may be better able to direct you into how to store "common" coinage, semi, and rare coinage. If I were in your situation, I would do everything previously mentioned and post sum pics...very easy to do..PM me if you need assistance, be happy to help. Members here are very knowledgeable, kind and helpful. I love looking at a lifetime of collecting no matter how big or small. -Tom
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SherryBaby's Avatar
United States
15 Posts
 Posted 08/19/2010  07:43 am  Show Profile   Bookmark this reply Add SherryBaby to your friends list Get a Link to this Reply
thank you all for your advice, I greatly appreciate it! I bought a Red Book but it says professional edition first edition on it. Will this be a good guide for me or should I purchase one that is for collectors? The collection is in Ohio right now and I am just inside the PA side of the Jersey boarder, I have no idea when I will even be able to get a look at the coins. I purchased these sets from Cowens that have 2x2's and pages to put them in, I already stapled my collection into these. Are these a good way to store the coins I have or should I be doing something else with them? I found them on the Whitmans site and it says they are mylar bit I am not sure about the pages.
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