1916 Standing Liberty Coins....need Advice

Pictures would be helpful. Welcome.

The right coin shop, manned by the right people, can reliably authenticate your coins. You will never convince anyone else of that; what proof is there?

That's the purpose of the TPG's. A reliable opinion, from a concern whose reputation is based on their veracity, is what maximizes your value. cwb8539 has already listed the companies whose status matches that of your coins; none other will give you the same rate of return or believability amongst collectors.




It's possible. However, we hold this forum to a very high standard, aware of the potential for abuse in our hobby. In order to sell here, you must be a member for 90 days and accumulate 250 quality posts - judgement of "quality" ours - before you will be allowed to sell. That is the rule we hold every member to. Do not take offense; we protect our own here. If you choose to become one of them, you will be extended the same protection.

The trouble with selling coins, for a relative newcomer like yourself, is that the best rate of return is achieved with the longest investment in terms of time. I assume your coins are real, and it's my job to offer you the advice most likely to net you the maximum profit should you wish to sell. This is my advice:

Have your coins graded by one of the 3 companies cwb8539 mentions, and liquidate them through one of the venues he posted. Best case, it'll take a couple of months to bring it all together, probably more. If you do not, you will likely surrender thousands of dollars in potential profit.

I'd love to inherit 1 1916 slq, let alone 4! I would definitely recommend authenticating them as others suggested, but first post pics here on the forum and we can tell you if they are worth submitting. I am pretty comfortable with the diagnostics and the look of this particular slq year. I've been examing them for a while and learned the diagnostics well since I actively search for heavily worn dateless 1916s that others sell as junk.( even with a completely worn off date, you can authenticate it as a 16.

The absolute lowest this coin can go in poor/damaged(PR1) is maybe $500-600. An average dateless 16 FR2 will bring $1200-$1500. If the wear is light enough that you can make out the last 6, but the rest is worn away, your looking at G-4 $3000. With all digits showing, its $5K up through over 20K in mintstate.

No I never cleaned them but there is some tarnish is that a bad thing? Also I don't think ill have the money to get them graded might have to sell locally then to a pawn shop or coin dealer

Never clean a rare coin

also, if you need money to grade I will gladly help with some grading fees!

Make sure not to advance this guy any money for grading fees etc... until we see some coins in context. I'm always wary of posts like this it is rare someone with no means is going to inherit four classic rarities but no cash particularly with comments like "we have a baby coming".

Good point OneBowl, he can just pawn one of the coins while he gets the other three graded and sold. He can then pay back the pawn loan with the proceeds and get the last coin graded and sold. Four 1916 SLQ's are almost as good as money in the bank.