You can find these on eBay for $25-$30 in that condition. One recently sold for 99 cents (shipping extra). How much are you imagining a dealer would pay for it?
First I got all excited (and that means something at my age) and, after I saw your images, well i sort of cooled off...
do yourself a BIGGGGG favor and slow down and evaluate how bad you wish to cash in..now.
DO NOT use your Jeweller friend. AND heed all the warnings above.
Most Jewelers only know bullion values...2 years ago I helped a friend (true friend) whos HB passed getting 2.5 x from a bullion dealer than the glitzy guy offered. and the dealer still made good cash.
Again, unless your jeweler friend is also a numismat and seriously deals in coins... DO NOT.
AGAIN!!!! listen to the advice above!!!!!!!!!!!!!!!!!
@jmlanzaf said:
Because collections of heavily worn common coins always have a rare date in them
So you're saying that there is a 100% chance of not finding any sort of GOOD and/or valuable coin in this collection?
I'm saying there's a 99.9% chance of not finding anything valuable (define "good") and that unless your time is free, it is not an effective use of time. Especially if you consider that a complete novice is going to have to spend 5x longer than an experienced collector.
This is so blindingly obvious that it is sad that you have to keep repeating it in this thread. I’m hopeful the seller ignores some of the specialist advice advocated in this thread.
there is middle ground on time spent vs. unlocking value
Not much. The middle ground is to pull out the clad and throw it in a Coinstar and pull out the silver and sell it for scrap. Then you've got a few dozen collectible coins you can play with if you want.
The middle ground is not to go variety hunting or trying to find an XF wheat cent in a pile of commons. You've got $1000 collection. If you spend 40 hours to get an extra $200, is that really a good use of time?
Well, there IS the "Thrill of the Hunt." But first you have to know what to hunt for. And second you have to know how to properly identify it if you find it.
@jmlanzaf said:
There are a few that bring huge premiums.
Just like varieties in any other series. Tell a dealer you've got a 55DD to sell, and he'll be interested. Extra fingers on the reverse that you need a good magnifier to see? Not so much.
Extra fingers is a BIG error compared to some of these "extra wide letters". LOL. My eyes are too old for minor varieties.
Some of those wide letter varieties are actually the very desirable Class I doubled dies (the 1955/55 cent is a Class I doubled die) where the hubbings aren't distinct. A good example is the 1942-D DDO-001 quarter in anything but the earlier die states. Wide letters usually indicate a Class VI doubled die and some of those are worth a few hundred or more depending on condition.
@koynekwest said:
Well, there IS the "Thrill of the Hunt." But first you have to know what to hunt for. And second you have to know how to properly identify it if you find it.
And third, you have to enjoy the hunt.
Ten or fifteen years ago, temporary insanity overtook me and I bought a deal that included $3,000 face in wheat cents, rolled by date. I somehow imagined I'd check for OMMs and stuff- I don't know. I sold the teens and twenties easy enough. The thirties were a struggle. The forties and fifties were the bulk of the deal, and a real bear to sell when the cost of shipping is included. And I found that looking for varieties wasn't any fun at all. I ended up loading what was left (still a couple thousand rolls) in my truck and dropping them off at a coin shop to get a count + two cents each. And I didn't find anything good.
That's why it wasn't interesting. It would get boring when I wasn't finding anything. Never went thru too many rolls of cents, tho. I did my cherrypicking at shows and shops. Found lots and lots of goodies doing that.
That's a lot of cents. I'd be burned out, too, if I tried going thru that many.
It helps her as much as trying to get her to go variety hunting.
I am one that is trying to say looking for die varieties outside of the obvious one like the 09 vdb, 55ddo, 22no d, some off center strike, etc is not worth the time for such a wide variety of coins and also because the word "thousand" was mentioned.
You can find these on eBay for $25-$30 in that condition. One recently sold for 99 cents (shipping extra). How much are you imagining a dealer would pay for it?
my... 99 cents is much less than silver value. I find that number strange unless the shipping charge is ridiculously high..
anyway, since the date cannot be seen how can anyone say "they" can be found on ebay for $25-30? better dates can be 40-60 and that is a heck of a lot more than "just silver." blanket statements and assumptions.
@BLUEJAYWAY said:
Do not neglect searching for errors,varieties, and any toned coins in those loose coins/rolls. Might be some double dates etc. Could add some extra value to the group.
For someone with no coin experience, this would be an exhausting search with little chance of success that would take more time than it is worth.
IMHO
One never knows till one tries.
You are thinking too much like someone who knows something about coins. It would take hours of study to even begin to recognize RPMs, DD etc. You would have to look up every coin date for a while as you don't even know about 55 DDO or 69 DD. You don't know that 1916-D is a key date. You wouldn't even know where to find the VDB on a coin. Every PMD looks like an error.
And you have to assume that Grandpa knew as little about coins as Junior does or he wouldn't have put his 55 doubled die in a roll of common date circ wheaties.
As a "coin guy", you would find the hundreds of hours fun and relaxing. For someone who knows nothing about coins and maybe doesn't care about coins, it would be more frustrating than anything.
Once I viewed your comments from a/as a "dealer guy" perspective, your viewpoint and comments became understandable..
Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
@jmlanzaf said:
There are a few that bring huge premiums.
Just like varieties in any other series. Tell a dealer you've got a 55DD to sell, and he'll be interested. Extra fingers on the reverse that you need a good magnifier to see? Not so much.
Extra fingers is a BIG error compared to some of these "extra wide letters". LOL. My eyes are too old for minor varieties.
Some of those wide letter varieties are actually the very desirable Class I doubled dies (the 1955/55 cent is a Class I doubled die) where the hubbings aren't distinct. A good example is the 1942-D DDO-001 quarter in anything but the earlier die states. Wide letters usually indicate a Class VI doubled die and some of those are worth a few hundred or more depending on condition.
I know. But expecting a novice like the OP to be able to spot them is naive.
@BLUEJAYWAY said:
Do not neglect searching for errors,varieties, and any toned coins in those loose coins/rolls. Might be some double dates etc. Could add some extra value to the group.
For someone with no coin experience, this would be an exhausting search with little chance of success that would take more time than it is worth.
IMHO
One never knows till one tries.
You are thinking too much like someone who knows something about coins. It would take hours of study to even begin to recognize RPMs, DD etc. You would have to look up every coin date for a while as you don't even know about 55 DDO or 69 DD. You don't know that 1916-D is a key date. You wouldn't even know where to find the VDB on a coin. Every PMD looks like an error.
And you have to assume that Grandpa knew as little about coins as Junior does or he wouldn't have put his 55 doubled die in a roll of common date circ wheaties.
As a "coin guy", you would find the hundreds of hours fun and relaxing. For someone who knows nothing about coins and maybe doesn't care about coins, it would be more frustrating than anything.
Once I viewed your comments from a/as a "dealer guy" perspective, your viewpoint and comments became understandable..
I'm not sure what that is supposed to mean.
My perspective is based on not viewing this as someone who is not a coin geek. A hobbyist doesn't count their time because it is their leisure. A non-hobbyist is not going to find spending 200 hours trying to wring an extra $200 out of an accumulation worthwhile. If you aren't a collector, spending time on this is a waste of MONEY/Time.
@koynekwest said:
"And I didn't find anything good."
Did you know your doubled dies?
That's why it wasn't interesting. It would get boring when I wasn't finding anything. Never went thru too many rolls of cents, tho. I did my cherrypicking at shows and shops. Found lots and lots of goodies doing that.
That's a lot of cents. I'd be burned out, too, if I tried going thru that many.
Does the OP know her doubled dies?
And as for your cherrypicking, did you make more than $15 per hour? $5 per hour? That's the crux of this. It is not a profitable use of time. It is enjoyable because you like coins. The OP is not a coin geek.
Could you show us the coin that Ebay did not let you list because it was uncertified? The photos show run-of-the-mill common stuff. I don't know how much a coin has to be worth to have to be certified to sell on ebay. Any coins that you want to get top dollar for should be in a PCGS slab. Are there any slabbed coins in this collection?
@rec78 said:
Could you show us the coin that Ebay did not let you list because it was uncertified? The photos show run-of-the-mill common stuff. I don't know how much a coin has to be worth to have to be certified to sell on ebay. Any coins that you want to get top dollar for should be in a PCGS slab. Are there any slabbed coins in this collection?
Turns out it wasn't that it was uncertified but that they have managed payments.
There are no slabs and, as far as we can tell, nothing worth slabbing.
This collection sounds like this man collected coins the way my dad did. Mostly circulation stuff. > @jmlanzaf said:
@rec78 said:
Could you show us the coin that Ebay did not let you list because it was uncertified? The photos show run-of-the-mill common stuff. I don't know how much a coin has to be worth to have to be certified to sell on ebay. Any coins that you want to get top dollar for should be in a PCGS slab. Are there any slabbed coins in this collection?
Turns out it wasn't that it was uncertified but that they have managed payments.
There are no slabs and, as far as we can tell, nothing worth slabbing.
Oh, sorry, I do not know what managed payments means. How about albums? And if I am asking something that was already asked, I apologize, I did not read the full thread.
@rec78 said:
Oh, sorry, I do not know what managed payments means. How about albums? And if I am asking something that was already asked, I apologize, I did not read the full thread.
No. Lincolns are not my particular area of interest, so I had to look each date up in a cherrypicker guide. Just like the OP would have to do. It's time consuming and since the only valuable varieties are rare, the chances of finding one are slim. As jmlanzaf has already said above, if you value your time at more than a couple of bucks an hour, it's hardly worth the effort. Might as well buy a lottery ticket, the odds aren't much worse and it doesn't take nearly as long.
@MsMorrisine said:
my... 99 cents is much less than silver value. I find that number strange unless the shipping charge is ridiculously high..
It was around $3 or so.
@MsMorrisine said:
anyway, since the date cannot be seen how can anyone say "they" can be found on ebay for $25-30?
Because I looked, and that's what they're selling for. I'm talking about common dates, which most likely the one pictured in the thread is. How much do you imagine a dealer would pay for one like that?
@MsMorrisine said:
better dates can be 40-60 and that is a heck of a lot more than "just silver."
Yes, better dates sell for more but they're less likely to be found in collections that appear to be put together from circulation finds.
@MsMorrisine said:
blanket statements and assumptions.
Of course I'm making an assumption here, as are you, since the entire collection is not shown. My assumption is based on viewing the contents of similar collections, which typically don't contain scarce coins. What is your assumption based on?
@jedm said:
I find it kinda funny that the OP bailed on this thread 4 pages ago!
Hahaha. I’m reading all the comments still. All seem to point to a similar message; nothing of huge value and to research those that are is incredibly time consuming if one is not interested in the hobby. The coin person I met with yesterday went through every single coin and helped me separate them out by those that have value in silver and some worth and those that are face value.
I am truly appreciative of this community. So much good to think about and I believe I’ll probably go several routes with the lot as a result.
@jedm said:
I find it kinda funny that the OP bailed on this thread 4 pages ago!
Hahaha. I’m reading all the comments still. All seem to point to a similar message; nothing of huge value and to research those that are is incredibly time consuming if one is not interested in the hobby. The coin person I met with yesterday went through every single coin and helped me separate them out by those that have value in silver and some worth and those that are face value.
I am truly appreciative of this community. So much good to think about and I believe I’ll probably go several routes with the lot as a result.
Im glad you sifted through all the terrible posts in this thread and are still cheerful. Good luck and keep a few for the kids!
@YQQ said:
Maybe the OP bailed because his post was Hijacked by other posters' "priorities, assumptions and experiences that needed to be told"?
Her. The OP is a her.
While @MasonG and I might have gotten carried away reminiscing, most of the "assumptions and experiences" are relevant. When you ask for advice, aren't you asking for my expertise which is rooted in my experience?
@jedm said:
I find it kinda funny that the OP bailed on this thread 4 pages ago!
Hahaha. I’m reading all the comments still. All seem to point to a similar message; nothing of huge value and to research those that are is incredibly time consuming if one is not interested in the hobby. The coin person I met with yesterday went through every single coin and helped me separate them out by those that have value in silver and some worth and those that are face value.
I am truly appreciative of this community. So much good to think about and I believe I’ll probably go several routes with the lot as a result.
I would purchase various coin albums and place as many coins into them as possible. That way you have a somewhat organized grouping. These groupings/albums can then be listed in an auction format. Buy these albums used- many go cheaply on eBay. A little investment in these albums and time to sort through and fill them (partially) up may either get the OP excited about coin collecting or at least get the coins sold for somewhat premium prices vs not doing anything at all and just dumping them.
Did you find the Lincoln cent variety where Lincoln's head is three microns smaller than regular - if so it's worth a whole buck more! Just ask the three people in the world who even knew about it!
@Panda4456 said:
I would honestly just hang on to it. It’s not that much value so it’s worth more knowing it belonged to your grandpa in my opinion.
That assumes a level of privilege that the OP might not share. A $1000 can mean a lot to someone, more than a box of trinkets they don't enjoy.
Even if the money doesn’t mean a lot, there are more than enough coins to sell a large quantity and still keep a few as momentos.
But it doesn’t matter what each of us would do or thinks that voicepianocoach should do. It’s her decision to make and her preferences should be respected.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@Panda4456 said:
I would honestly just hang on to it. It’s not that much value so it’s worth more knowing it belonged to your grandpa in my opinion.
That assumes a level of privilege that the OP might not share. A $1000 can mean a lot to someone, more than a box of trinkets they don't enjoy.
Even if the money doesn’t mean a lot, there are more than enough coins to sell a large quantity and still keep a few as momentos.
But it doesn’t matter what each of us would do or thinks that voicepianocoach should do. It’s her decision to make and her preferences should be respected.
@Panda4456 said:
I would honestly just hang on to it. It’s not that much value so it’s worth more knowing it belonged to your grandpa in my opinion.
That assumes a level of privilege that the OP might not share. A $1000 can mean a lot to someone, more than a box of trinkets they don't enjoy.
Even if the money doesn’t mean a lot, there are more than enough coins to sell a large quantity and still keep a few as momentos.
But it doesn’t matter what each of us would do or thinks that voicepianocoach should do. It’s her decision to make and her preferences should be respected.
I completely agree.
Hijacked account?
😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@Panda4456 said:
I would honestly just hang on to it. It’s not that much value so it’s worth more knowing it belonged to your grandpa in my opinion.
That assumes a level of privilege that the OP might not share. A $1000 can mean a lot to someone, more than a box of trinkets they don't enjoy.
Even if the money doesn’t mean a lot, there are more than enough coins to sell a large quantity and still keep a few as momentos.
But it doesn’t matter what each of us would do or thinks that voicepianocoach should do. It’s her decision to make and her preferences should be respected.
Comments
how does woolworth's newberry's and sears help the granddaughter?
Seated liberty? If you're talking about the one you pointed out with the big red arrows, you might want to look again.
Just sayin'.
ok, bust half dollar.
it makes my point even stronger. where's the 2x2 or envelope for that? are there others?
someone... again in this thread ... described the collection as mainly "just silver."
a bust half is far from just silver.
blanket statements and assumptions.
You can find these on eBay for $25-$30 in that condition. One recently sold for 99 cents (shipping extra). How much are you imagining a dealer would pay for it?
First I got all excited (and that means something at my age) and, after I saw your images, well i sort of cooled off...
do yourself a BIGGGGG favor and slow down and evaluate how bad you wish to cash in..now.
DO NOT use your Jeweller friend. AND heed all the warnings above.
Most Jewelers only know bullion values...2 years ago I helped a friend (true friend) whos HB passed getting 2.5 x from a bullion dealer than the glitzy guy offered. and the dealer still made good cash.
Again, unless your jeweler friend is also a numismat and seriously deals in coins... DO NOT.
AGAIN!!!! listen to the advice above!!!!!!!!!!!!!!!!!
It doesn't, but you might as well step in front of a freight train at this point...
It helps her as much as trying to get her to go variety hunting.
We were just chatting. Sorry it bothers you
Well, there IS the "Thrill of the Hunt." But first you have to know what to hunt for. And second you have to know how to properly identify it if you find it.
Some of those wide letter varieties are actually the very desirable Class I doubled dies (the 1955/55 cent is a Class I doubled die) where the hubbings aren't distinct. A good example is the 1942-D DDO-001 quarter in anything but the earlier die states. Wide letters usually indicate a Class VI doubled die and some of those are worth a few hundred or more depending on condition.
And third, you have to enjoy the hunt.
Ten or fifteen years ago, temporary insanity overtook me and I bought a deal that included $3,000 face in wheat cents, rolled by date. I somehow imagined I'd check for OMMs and stuff- I don't know. I sold the teens and twenties easy enough. The thirties were a struggle. The forties and fifties were the bulk of the deal, and a real bear to sell when the cost of shipping is included. And I found that looking for varieties wasn't any fun at all. I ended up loading what was left (still a couple thousand rolls) in my truck and dropping them off at a coin shop to get a count + two cents each. And I didn't find anything good.
So there's that.
"And I didn't find anything good."
Did you know your doubled dies?
That's why it wasn't interesting. It would get boring when I wasn't finding anything. Never went thru too many rolls of cents, tho. I did my cherrypicking at shows and shops. Found lots and lots of goodies doing that.
That's a lot of cents. I'd be burned out, too, if I tried going thru that many.
I am one that is trying to say looking for die varieties outside of the obvious one like the 09 vdb, 55ddo, 22no d, some off center strike, etc is not worth the time for such a wide variety of coins and also because the word "thousand" was mentioned.
my... 99 cents is much less than silver value. I find that number strange unless the shipping charge is ridiculously high..
anyway, since the date cannot be seen how can anyone say "they" can be found on ebay for $25-30? better dates can be 40-60 and that is a heck of a lot more than "just silver." blanket statements and assumptions.
Once I viewed your comments from a/as a "dealer guy" perspective, your viewpoint and comments became understandable..
I know. But expecting a novice like the OP to be able to spot them is naive.
I'm not sure what that is supposed to mean.
My perspective is based on not viewing this as someone who is not a coin geek. A hobbyist doesn't count their time because it is their leisure. A non-hobbyist is not going to find spending 200 hours trying to wring an extra $200 out of an accumulation worthwhile. If you aren't a collector, spending time on this is a waste of MONEY/Time.
Does the OP know her doubled dies?
And as for your cherrypicking, did you make more than $15 per hour? $5 per hour? That's the crux of this. It is not a profitable use of time. It is enjoyable because you like coins. The OP is not a coin geek.
There's a really easy solution to this.
All of you treasure hunters offer the OP $100 more than the highest dealer offer (+ shipping) and everyone's happy.
Could you show us the coin that Ebay did not let you list because it was uncertified? The photos show run-of-the-mill common stuff. I don't know how much a coin has to be worth to have to be certified to sell on ebay. Any coins that you want to get top dollar for should be in a PCGS slab. Are there any slabbed coins in this collection?
Turns out it wasn't that it was uncertified but that they have managed payments.
There are no slabs and, as far as we can tell, nothing worth slabbing.
This collection sounds like this man collected coins the way my dad did. Mostly circulation stuff. > @jmlanzaf said:
Oh, sorry, I do not know what managed payments means. How about albums? And if I am asking something that was already asked, I apologize, I did not read the full thread.
Lucky you.
No. Lincolns are not my particular area of interest, so I had to look each date up in a cherrypicker guide. Just like the OP would have to do. It's time consuming and since the only valuable varieties are rare, the chances of finding one are slim. As jmlanzaf has already said above, if you value your time at more than a couple of bucks an hour, it's hardly worth the effort. Might as well buy a lottery ticket, the odds aren't much worse and it doesn't take nearly as long.
I find it kinda funny that the OP bailed on this thread 4 pages ago!
It was around $3 or so.
Because I looked, and that's what they're selling for. I'm talking about common dates, which most likely the one pictured in the thread is. How much do you imagine a dealer would pay for one like that?
Yes, better dates sell for more but they're less likely to be found in collections that appear to be put together from circulation finds.
Of course I'm making an assumption here, as are you, since the entire collection is not shown. My assumption is based on viewing the contents of similar collections, which typically don't contain scarce coins. What is your assumption based on?
Hahaha. I’m reading all the comments still. All seem to point to a similar message; nothing of huge value and to research those that are is incredibly time consuming if one is not interested in the hobby. The coin person I met with yesterday went through every single coin and helped me separate them out by those that have value in silver and some worth and those that are face value.
I am truly appreciative of this community. So much good to think about and I believe I’ll probably go several routes with the lot as a result.
...> @jedm said:
I like how passion works. Fire to fizzle.
Im glad you sifted through all the terrible posts in this thread and are still cheerful. Good luck and keep a few for the kids!
BHNC #248 … 108 and counting.
She has a life...and might have already sold them.
Maybe the OP bailed because his post was Hijacked by other posters' "priorities, assumptions and experiences that needed to be told"?
Or maybe the OP did come back again and you didn't notice because you needed to get in a snarky comment before reading the previous posts?
Her. The OP is a her.
While @MasonG and I might have gotten carried away reminiscing, most of the "assumptions and experiences" are relevant. When you ask for advice, aren't you asking for my expertise which is rooted in my experience?
I'm so glad that it worked out.
Have the happiest of holidays with your family!
I think the forum has achieved success here.
TMI
I would purchase various coin albums and place as many coins into them as possible. That way you have a somewhat organized grouping. These groupings/albums can then be listed in an auction format. Buy these albums used- many go cheaply on eBay. A little investment in these albums and time to sort through and fill them (partially) up may either get the OP excited about coin collecting or at least get the coins sold for somewhat premium prices vs not doing anything at all and just dumping them.
Did you find the Lincoln cent variety where Lincoln's head is three microns smaller than regular - if so it's worth a whole buck more! Just ask the three people in the world who even knew about it!
I would honestly just hang on to it. It’s not that much value so it’s worth more knowing it belonged to your grandpa in my opinion.
That assumes a level of privilege that the OP might not share. A $1000 can mean a lot to someone, more than a box of trinkets they don't enjoy.
@jmlanzaf said:
Even if the money doesn’t mean a lot, there are more than enough coins to sell a large quantity and still keep a few as momentos.
But it doesn’t matter what each of us would do or thinks that voicepianocoach should do. It’s her decision to make and her preferences should be respected.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I completely agree.
Nothing special there. Take 'em to the pawn shop.
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
Hijacked account?
😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Obviously.
Ah Nice.
We all saw that Littleton packaging.
I'll finish reading the rest of the pages of the story.
Cool find...I'd keep the 90% silver, older clean coins and sell off the rest.
Best of both worlds.