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 Replies: 26 / Views: 3,185 |
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New Member
United States
9 Posts |
I inherited a huge amount of coins from my father. Today we spent 4 1/2 hours alone working on just the quarters. I figure sorting into 5 main categories would be best: Bicentennial Eagles on the back State QuartersSilver and Canadian Thinking the bicentennial and State Quarters may not have any value other than face. Not sure about the Canadian (Silver content higher perhaps?) I remember my dad telling me to save any silver 1964 or 1963 or earlier(can't remember) coins for him. Not sure why (should have asked) But ok... So... All the coins from this collection have been sorted by type, pennies, dimes yadda yadda All the quarters as sorted as mentioned above. Are there any 'general rules' or 'guidelines' as to how to sort further? We haven't even begun on the other coins, foreign or paper money. Very confused and overwhelmed coming off months of dealing with a hoarder and his 50 years in the same house. The Estate sale is over, now the next task... the coins. We have no idea of knowing what may have value or what he put in a jar after emptying his pockets on Friday!? Thanks in Advance for any help you can give us. We truly are little fish in a big pond with no knowledge of anything. Knee Deep in Numismatics! |
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Valued Member
United States
384 Posts |
You need a copy of the Red Book to sort out all your US coins, and figure out what has value beyond face value. |
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New Member
 United States
9 Posts |
Ok! Thanks Almost Collectible! That's a start! Much better than what info I had 10 minutes ago when I posted. What an overwhelming task! I really appreciate your response. Thanks
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Valued Member
United States
262 Posts |
I would go pick up a Red Book, it'll help you look up the prices for key dates as well as some of the more common errors. I'm not sure what a "huge" amount is to you but if your looking for fast cash, just sell it as an estate, if not, take your time and enjoy doing it one by one. who knows, maybe your found yourself a new hobby! By the way, WELCOME! |
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Forum Dad
 United States
24148 Posts |
Shoot me your address through the Contact Us link in the left menu. I have a 2007 Red Book here that will be good enough for you to see if there's anything good. I'll send it to you for free as long as you tell all your friends how awesome we are here.  |
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New Member
United States
9 Posts |
Michaeln1306 Unfortunately, My sister and brother are too eager to get the cash. If I had my 'druthers' I would take the time to do it right but the siblings are eager. Talk about being pound wise and penny foolish... hey.. I made a funny! Thanks for the help!
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Valued Member
United States
262 Posts |
I hear ya, dump'm into circulation! I'll be more then happy to search them for ya!
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Moderator
United States
16677 Posts |
The Red Book will at least for now give you pictures of the coins to I.D. them and a basic note of worth on prices. In the mean time, check out this for prices on US coins: www.numismedia.com swcoin.ecrater.com
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Pillar of the Community
United States
1042 Posts |
Quote:Shoot me your address through the Contact Us link in the left menu. I have a 2007 Red Book here that will be good enough for you to see if there's anything good. I'll send it to you for free as long as you tell all your friends how awesome we are here. I'm bumping this in hopes that the OP might have not seen bobby131313's post. Looking at the timeline he posted at the same time KibbitzQueen did. |
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Forum Dad
United States
24148 Posts |
Already got the address.  |
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Pillar of the Community
United States
1042 Posts |
NICE!  Thanks for the update. |
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Bedrock of the Community
United States
20753 Posts |
 Not many do say that lately. 1. Take the Red Book offered and take some time looking up coins. Note the prices in a 2007 book may well be more up to date than the latest version. 2. Dump all those Bicentennial Quarters in the bank now. I used to save those things and after 30 years found they were worth $0.25 each. 3. Basically the same with State Quarters unless you find that famous Wisconsin one with the extra ear on the corn thing. 4. On all other coins, sort by dates and learn where the Mint Marks are and sort by those also.5. Try to convince the others involved that although possibly not likely to happen, but there could be coins here that could be worth hundreds or even thousands of dollars. Coins are sort of like the stories you see on that TV show The Antique Road Show when someone says they got this item for pennies and now it's worth Thousands of Dollars. |
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Bedrock of the Community
United States
17884 Posts |
Quote:
Unfortunately, My sister and brother are too eager to get the cash. If I had my 'druthers' I would take the time to do it right but the siblings are eager. Talk about being pound wise and penny foolish... hey.. I made a funny! Thanks for the help! If the siblings are that eager just added the face value of all the silver (of any type or age) and offer them 10X face for their share. If they are that eager they'll probably jump on it. Then you can go through it at your leisure. (Don't worry about paying 10X face, dealers will pay you a lot more than that.) Then as you determine what you don't want or what is common and you would rather convert to cash you can sell it off and pay yourself back for what you paid your siblings. If you get back more then you can decide about splitting the excess with the siblings. The advantage of this is that you don't accidentally dump good coins as commons just to satisfy the siblings greed for quick money. And you could come out ahead by capitalizing on their impatience (depending on how much of the excess you are willing to split with them.) |
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Pillar of the Community
United States
3755 Posts |
I agree with conder.
As for your question about the silver. 1964 and before in halves, quarters and dimes are 90% silver. From 1965 to 1969 halves are 40% silver. 1970 is as well, but they were only issued in mint sets, so the odds of them being in pocket change are slim.
if the collection is that large, you really need to go through it slow and steady so you dont miss somehting truly valuable.
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Pillar of the Community
United States
1231 Posts |
Or if they are that eager to get cash. Get your siblings together and take the coins to a few dealers for an estimate. Then just buy your siblings shares of the collection.
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Forum Dad
United States
24148 Posts |
Quote:
Note the prices in a 2007 book may well be more up to date than the latest version. Softy Susan sent a 2011.  |
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Replies: 26 / Views: 3,185 |
Posted 06/29/2011 9:39 pm
