| Author |
 Replies: 24 / Views: 12,269 |
|
New Member
United States
11 Posts |
Hey folks, It's my first time with this so I'm a bit slow. I've inherited a bag of 1963, uncirculated Canadian silver dollars and I'm weighing my options. They all seem to be in great condition, some with bag clinks and some partially tarnished with brilliant area where another coin was protecting it. I'm not in a hurry to do anything, so I want to do it right. How should they be handled and stored for now, and if I was to sell them, what are the steps I should follow? Also any other advice will be appreciated. Thanks, Old Wood. |
|
|
|
Pillar of the Community
Canada
1733 Posts |
MY opinion, what I'd do;
Well, I'd blow any dust off them with a an air duster and put them in hard capsules. Then I'd sort them by grade and within that grade I'd sort them by eye appeal. IF there are any gems I'd have them graded otherwise my opinion would have to do because the value of the individual coins isn't that high really. The junky ones I'd offer in lots of two or three, the MS 64's as singles and the MS 65's (if any) for a fixed price.
Simple cotton gloves are good enough for handling.
|
|
Bedrock of the Community
Canada
10743 Posts |
Quote:
...a bag of 1963, uncirculated Canadian silver dollars.. How big of a bag? ugly, has given you some good advice, especially about wearing gloves. |
|
New Member
 United States
11 Posts |
Ugly, Thanks for the info. By 'hard capsules' do you refer to the sealed rounds (about .38cents each)or is there something else?
Also, do you have a source for a guide to grade Canadian dollars?
Thanks, Old Wood
|
|
New Member
United States
11 Posts |
|
|
Pillar of the Community
Canada
1733 Posts |
I use hard capsules when sorting initially because staple marks are a crime and all it takes is a couple oops to scratch up a coin. I find flips just hide way too much when you're trying to see what's going on with the initial picking. You will keep going back to certain coins and capsules make it easy to just reopen and accurately assess the rims plus the flips always seem to have paper dust inside them even after I wipe them with a silk cloth. As well, since the goal is sales (or seems to be) you do realize a higher profit from a professional looking holder imo. You can always put the culls into flips to sell them as bullion and retain the capsules for some other project (or even sell the unused capsules) One online resource is; http://www.coinoisseur.com/GradingC...ATE%20GRADESThere are others within a Google search away |
|
New Member
United States
11 Posts |
Ugly, Thanks... good advice. Once I start going through them I may ask you more questions and show you what I have.
|
|
Pillar of the Community
Canada
1733 Posts |
Please feel free, the last bag I had I think Ford was President down there, be fun to see if you get a gem or two.
|
|
Valued Member
Canada
311 Posts |
 I suggest that you research out the key dates and varieties. I would guess that you may get lucky and come across a 48 or 47 variety or other key ones. I agree, Ugly has given some excellent advice. Good luck.  |
|
Moderator
 Canada
10460 Posts |
Wow, a mint bag of silver dollars!! Most of us would sacrifice a body part to get an original RCM bag of silver dollars. I once had a mint bag of nickel dollars (1971), but that is not the same. Keep us posted on your finds, take extra care of small handful of coins that are visibly mark-free and much better than most in the bag! Good luck! "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
|
|
New Member
United States
11 Posts |
Thanks folks, The back was sealed, but unfortunately it was opened before I received it. I suppose it would need to be opened anyway, but it would have been fun to auction off a sealed bag!
I've taken all of your advice and leaving the coins alone until my capsules come. Then I'll seal them up and sort. I'm sure I'll be asking some questions at that point, especially about grading,etc.
One question I have now... about 5% of the coins have tarnish on just one side (other is brilliant - I think) which I think is the face that was against the bag. Others have various tarnishes that are like the phases of the moon. This is from an off-set coin protecting most of the coin, but leaving a 'crescent moon' of tarnish. Would these coins potentially be worth more or less with the tarnish due to being in a bag for 45 years?
I am also holding back on you b/c I got some other special coins with this batch. I'll share with those once I get the dollars sorted.
Thanks, Old Wood.
|
|
Pillar of the Community
Canada
1051 Posts |
Grade them before you put them in capsules ;) There is no logical reason to encapsulate them and then
try to grade the coin through a layer of plastic. As of today, the melt value of that bag alone is over $21,000. I wish someone would leave me something like that :D
If it were me, I would get a large, soft cloth and lay out groups of coins at a time, being careful not to bang them up any more than they already are. I'd sort them into "bullion" and "possible MS-65". The mid-MS coins are not what you're after IMO, you want to find that elusive MS-65 (or better). Toning will affect eye appeal, but not technical grade (unless using US grading methods).
|
|
New Member
United States
11 Posts |
1 CENT, Thanks for the reply. Yeah, it was an unexpected gift of gratitude. Good deeds make you feel good, but sometimes you get more than just that!
My biggest issue will be grading them. I looked at the grading link from a previous post and it is fantastic. From looking at the pictures and my coins, it looks to me that 20% or so might grade MS-63 or better, unless I'm missing something.
I will ask for some help in verifying my grading and also which ones should be sent to the CCCS (or does anyone recommend another firm?). The cost per coins in bulk looked to be $6 C, so I'll need help to determine if it's cost effective.
Thanks all of you, Old Wood
|
|
Pillar of the Community
Canada
1733 Posts |
If you're not too far away from a knowledgeable member, maybe you can sort out a few grading issues over the price of a bottle of wobbly pop or hot cup o joe. For the most part while Canadian grading is technical, you should definitely sort within grades for eye appeal. Just because it's only a 64 doesn't mean it won't bring a great price if correctly photo'd and described. I've had toned AUs outprice much better technical coins, we've all seen it.
|
|
New Member
United States
11 Posts |
I'd be grateful if someone would consider that. I'm in lower New England between NYC and Boston. Let me know if you or someone you trust is 'near enough'. I'd entice by offering a few coins for good grading and good advice! Old Wood
|
|
Moderator
Canada
10460 Posts |
I know a trustworthy Canadian large cent collector down your way, but I doubt he has seen much in mint state silver dollars. To add to Ugly's comment, you also want someone who knows difference between a MS-63, MS-64 and MS-65 in silver dollars, particularly with that younger Elizabeth II effigy.
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
|
| |
Replies: 24 / Views: 12,269 |
Posted 05/16/2011 11:02 pm
