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 Replies: 26 / Views: 3,190 |
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New Member
 United States
9 Posts |
Thanks for all the help. I'll try to keep it all in mind while dealing with everything!
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Pillar of the Community
United States
927 Posts |
If your father saved most of these coins from circulation then most likely only the silver coins are worth something. Wheat pennies (before 1959) and War Nickels (1942 - 1945 with a large mint mark above the dome on the reverse - these are silver also) are also worth more than face value. You can turn the rest in at the bank. When you cash in the silver coins, please take them to a coin dealer. DO NOT go to any of the places that take out full page ads in the newspaper. The "road show" people will not give you a good deal. |
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New Member
United States
9 Posts |
perfessor, Thanks for the info. We were a bit disappointed when a family friend said our Morgan dollars from 1891 were 20 x face value. Of course, we wanted there to be some type of 'sleeper' coin that would make it worth all the hard work of sorting through the thousands of coins. Things like Indian head pennies and Buffalo nickles not much value to those either. Everything is well worn. *insert heavy sigh here* LOL |
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Pillar of the Community
United States
2120 Posts |
Your 1891 Morgans are worth more than $20 each. perhaps more like $25. Also, this would be for very worn pieces. If they are are more in the AU range (almost un-circulated) they could be closer to $40 each. 1891-O in a Mint state (MS) grade can go for over $100. 1891-CC in ANY grade is worth more than $25. The mint mark would be on the reverse underneath the eagle. If there is none, then it was minted at Philadelphia. Honestly, if you have cataloged everything it will make your search through the Red Book much easier. I strongly suggest you check everything. It may take some time, but it would be WELL worth it if you find something very valuable. The other thing is just know what actual value is over all helps you negotiate better when you decide to sell. You won't get " Red Book prices" from any dealer, but at least you know what " Red Book" value would be, and can go from there. It helps to keep you from getting low-balled. Also, get a quote from at least a couple dealers. Also2, If you we're willing you could divulge the general area you live in, and forum members could make suggestions on reputable dealers nearby you. For instance I live "near Seattle" and can think of 4 dealers I would Highly recommend. Hope you find that 1922 Lincoln Cent with no mint mark, or that 1955 Lincoln Cent with a Doubled front (obverse). :D |
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New Member
United States
9 Posts |
Thank you IanmPrice! Good Ideas also!
I'll keep looking for the 'goodies' you mentioned! Geez, if nothing else, I'm sure getting a 101 on coins!
I am in the 'Atlanta-ish' area. If anyone knows of a reputable dealer here. Please let me know. Atlanta is a big area, not opposed to driving anywhere in this area.
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New Member
United States
9 Posts |
Thanks again for the Red Book! I've been having fun looking things up! Any advise on how to do a 'first sort' on the pennies? I'm sure Indian head and perhaps wheat backs, anything else to keep an eye out for? Thanks! |
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Pillar of the Community
United States
1817 Posts |
The cents are best sorted by decade, 1909 and the teens together, then 20's 30's 40s & 50s. The change to the memorial design happened in '59 and all those can be put to one side. Keys and semi-key Wheaties to look for are the mint marked coins from the teens and 20's. The mintmark is underneath the date. Keep a sharp eye out for the 1909S, 1914D, 1931S and a "plain unmintmarked" 1922. Of the 1909S, there is variety with a tiny V.D.B. under the United States of America, it is the key to the early set in any grade. Special mention must be made of the 1955 Double die, or DDO. It is famous for very obvious doubling and very expensive even in lower grades. Of the Indian Head cents ( IHC) keys are 1877 and 1909S. The S-mintmark is on the back of the coin underneath the wreath. Semi keys are 1869-1872, 1908S. Good luck with weeding through everything! |
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New Member
United States
9 Posts |
Thanks Bizybackson! I'm going to have to start that today. I really appreciate the help.
~Kibbie
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Valued Member
United States
361 Posts |
As far as your quarters go, you want to be on the lookout for 1932 with either a D or S mintmark. These are the key dates and are much more valuable.
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Pillar of the Community
Canada
3692 Posts |
If you're going to buy them from your siblings and they're part yours, remember to only pay for their part!
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New Member
United States
9 Posts |
Libertad... Right you are! I already own 1/3. Executor isn't sure what to 'charge' the estate for sibling's portions. If they want to buy a Morgan dollar, 20 X Face value? Or the $38-ish dollar value the day the coin is purchased? We haven't worked out all the bugs yet. Any suggestions would be appreciated! Because of greed we had to put a monetary value to everything in the estate. Then, the 'price' was deducted from each individuals portion of the estate. Thus, using the words above 'charge'. If they weren't so greedy, we could divvy up even Steven. No luck on that frontier! One Sibling in indifferent, one hides their head in the sand the other wants everything! |
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Replies: 26 / Views: 3,190 |
First Page
Posted 07/01/2011 02:01 am
