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 Replies: 85 / Views: 7,159 |
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New Member
United States
25 Posts |
Hey everyone I'm new here and need advice as I'm not a collector. But my grandfather passed away a few months back and I was handed down 4 1916 standing liberty sterling silver quarters. Now I don't know much but if I could get some information on these coins and rarity and the value of such and where I should sell them would be great! Thanks in advance!
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Pillar of the Community
United States
1659 Posts |
 I'm sorry to hear about your grandfather passing. The 1916 Standing Liberty quarter is a classic rarity and worth a lot of money even in the most worn out grades. Beware of counterfeits. I would venture to say that more counterfeits exist than the genuine article. Do you have pics that you could post for us to see? As far as selling them goes, my first recommendation would be to have them graded and authenticated at a top third-party grading service such as PCGS, NGC, or ANACS. |
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New Member
 United States
25 Posts |
Well I am on my phone I don't have a computer on hand I can get pics up tomorrow. I have paper work stating the quarters were deposited into the local banks safety box in 1960. When did they start counterfeiting them and how can you tell for yourseld if they are because there is some tarnish on the silver.
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Pillar of the Community
United States
4000 Posts |
Yes, having them authenticated would be first and foremost in my book. What kind of condition are they in?
If you could post some pics for the pros to preview, they would make sure nothing jumps out at them as suspect. And make sure they are protected so that they don't get damaged!
I'm glad you took the time to ask about them. Welcome to CCF!
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New Member
United States
25 Posts |
Ok say that they are real and the poorest possible shape what's the value of these coins? And to say I don't get them graded but I do get them authenticated? What's a fair price to ask for them if I were to sell them locally? I don't really have the funds to get them graded.
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Pillar of the Community
United States
4000 Posts |
We would definitely need pics to try to answer those questions.
But, assuming they are genuine and in poor condition, but not damaged, they could be worth $2000+ each at as a rough minimum. That number only gets bigger with the condition of the coin.
Damage can significantly reduce their value, but they would still be valuable nonetheless. Getting them authenticated and graded will go a long way to you realizing their full value.
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New Member
United States
25 Posts |
How do I get them graded? And what's that cost? And turn around time?
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Pillar of the Community
United States
764 Posts |
1916 Standing Liberty quarters in the worst shape will sell for several hundred to several thousand dollars each. The first step for you to take is to get high resolution photos posted on this forum. You can get close up photos with a camera or use a scanner. Other members can comment on the photos to give you an idea of their authenticity. If authentic, I would recommend going to several coin dealers in your area to get offers. These coins have high demand and high liquidity so dealers will want them. Going to several gives you the opportunity to compare offers to get the most out of them. |
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Pillar of the Community
United States
2541 Posts |
If you spend the money to get them graded and they are genuine, it will be more than worth your while financially. Also, they are not sterling silver (Sterling is 92.5% silver) U.S. coins are 90% silver. You can get different pricing for different turnaround speeds on grading - longer costs less.
As mentioned earlier in the thread, if you can posts pictures, we have a lot of experts on the forum who will be able to give you a pretty accurate opinion on whether or not the coins are genuine.
Edited by Gothic Florin
12/07/2010 11:52 pm
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Pillar of the Community
United States
1659 Posts |
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Pillar of the Community
United States
4989 Posts |
Edited by fenton
12/07/2010 11:59 pm
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New Member
United States
25 Posts |
Well I have a baby on the way in few weeks and need the cash fast I know grading them would be the best but I don't have the funds or the time otherwise I wouldn't be on here if I didn't need the money but ill post some pics tomorrow as soon as I can. Does the value stay the same even if I don't get them graded? Meaning if I can get someone to authenticate them and tell me the condition could I use that in my selling points? And still get the condition value?
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Valued Member
United States
462 Posts |
The authentication and grading and then encapsulation are all one event. Even if several local dealers authenticated the coin I don't know what that would mean for a prospective buyer. If they personally knew the dealer, then that might be enough. Johnny54321, Nod, and Gary on this forum either own 1916's or know how to identify them. Here's a useful thread: https://goccf.com/t/69440&SearchTerms=1916Good luck. |
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New Member
United States
25 Posts |
Thanks for the insight I will post pics asap
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Moderator
 United States
23522 Posts |
Quote:
Does the value stay the same even if I don't get them graded? Meaning if I can get someone to authenticate them and tell me the condition could I use that in my selling points? Authentication and grading are one process; the authentication isn't good without the slab in which the coin is encapsulated. Especially with coins of this value, the people who play in this price category know darn well the danger of counterfeits and are unlikely to pay any kind of realistic money for a "raw" (unslabbed) coin. Ungraded/unslabbed, you are at best giving up at least one zero of their true value. If you can sell them at all. |
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New Member
United States
25 Posts |
so in other words I have to get it graded to sell online? Won't a coin shop authenticate it and do that for me?
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Replies: 85 / Views: 7,159 |
Posted 12/07/2010 11:11 pm
