Inherited coin collection
Grubnur
Posts: 4 ✭
Hello,
I have recently have been given a coin collection and my goal is to sell it for a missions organization. My question is the best way for me to sell these? What do you all recommend?
The list of coins is attached. Thank you for any help. It is greatly appreciated.
1
Comments
others may open file attachments, others don't
could you post just the text from the pdf, even if is long and unformatted?
Most of the value is in the silver coins, and they are usually mostly just worth their bullion value.
You can see bullion value calculations here by denomination, based on the current stock price:
https://www.coinflation.com/silver_coin_values.html
You could sell to a local coin dealer or at a local coin show. Just ask what % they pay of bullion value. Should be at least 90 or 95%.
I don't know what "Liberty dollars" are in the date range 1910-1946. Did you mean US half dollars?
I have never heard of a virus in a downloaded PDF.
But here is the text, if that scares you:
Bermuda crowns
1964- 19
Morgan dollars
1882
1884x2
1886
1897
Franklin half dollars
1951
1952
1954
1958
1961
1962
1963
Liberty dollars
1946
1945
1943
1942-4
1941-2
1937
1917
1910
Kennedy half dollars
1964- 30
Indian head Penny's
1907
1906
1891
Buffalo head nickel
1924 x1
1929 x2
1935 x1
1936 x2
1937 x4
Dimes
1946 —9
1947 —2
1948 — 4
1950 — 2
1951 —1
1952 —8
1953 — 4
1954-4
1956 —3
1957 —3
1958 — 4
1959 — 1
1960 — 2
1961 —5
1962 —3
1963 — 12
1964 — 59
1965 — 1
1966 — 4
1967 —2
1970 — 1
Nickels
1939: 3 dimes
1940s: 10 total
1941: 17
1942: 2
1944: 1
1946: 8
1947: 7
1948: 5
1949: 2
1950s: 10 total
1952: 1
1953: 2
1954: 5
1957: 1 (added)
1958: 1
1959: 1
1960s: 3 total
1964: 2
1966: 1
1974: 1
Quarters
1927 liberty quarter
1932: 1
1934: 4
1935: 1
1936: 1
1938: 1
1939: 3
1942: 3
1943: 4
1944: 3
1945: 2
1946: 1
1948: 1
1950: 4
1951: 1
1952:
1953:
1954:
1956:
1957:
1958:
1959:
1961:
1962:
1963:
1964:
Oouw-rtr -—- -| wo — — ff W
NO
OO
Mercury Dimes
1923: 3
1924: 1
1925: 1
1926: 1
1927: 3
1928: 2
1929:
1935:
1937:
1939:
1941:
1942:
1943:
1944:
1945:
1934:
NM DO FSP YM DW WN YN — -
Pennies
Year No D S Steel
Mint
1910 1
1912 1
1917 2
1919
1920
1923
1925
1926
1927
1929
1930
1934
1935
1936
1937
1938
13
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
13
10
15
10
7
11
16
1953
1954
1955
1956
1957
1958
10
12
14
11
17
11
I would agree. But somebody's sure to come along and say "Search for varieties", so there's that...
can you
go to the morgan dollars and look for any mintmarks above the word Dollar?
can you
turn over all of the 1942-45 jefferson nickels and look for the huge mintmarks above monticello's dome? save them they are 35% silver
It is suppose to walking liberty half dollars, I apologize.
On the Morgan Dollar only one has a mint mark,1897 O.
Thanks for all the feedback, it is greatly appreciated!
1897-O isn't so bad. depends upon condition it's likely worth more than silver value
can you post (drag and drop - not attach) clear pics of the front and back?
I forgot to add. I also have a set of 20 1990 standing eagle dollars rhat were purchased from the mint still in the box and container with the pirchace receipt from the natl reserve. I also have one from 2005 with a cert of authenticity.
Also, I have a 1944- P nickel other 2 are no mint
Does the "standing eagle dollar" look like the above?
If so, it's what we call a "silver eagle", a bullion value coin.
The words "national reserve" sounds more like a private mint, rather than the US mint. They might still be silver, though.
dimes - 1965 and newer are worth a dime // quarters 1965-newer 25c
half dollars 1965-1970 are 40% silver - 1971 and newer are worth 50 cents
as an aside - there are proof struck specimens from the 70s into now where some are the same boring metal and some are 40%/90%/99.9% silver. finding those in circulation would be exceedingly rare
Yosclimber the container the coins are in say "treasury us Mint" so I am not sure. The receipt is out if Beaumont Texas 1st natl reserve corps. Also, it does day American eagle silver dollars.
Ill get the picture soon. I do appreciate everything!
buffalo nickels with a date are collectible even if they look like pocket change, as are the indian head cents. i'll let others comment on the value
all the wheat back cents are worth more than one cent, but from the 40s to newer are only worth a few cents each retail. the older ones will need someone to comment about potential value
Re: bermuda crowns - can't say anything but here is a link to ebay sold prices. silver took a huge dive today so previous prices aren't going to happen
https://www.ebay.com/sch/i.html?_nkw=1964+bermuda+crown&_sacat=0&_from=R40&_sop=1&rt=nc&LH_Sold=1
that's what they go for retail. someone buying the lot will give yo less. if you sold them on ebay they'd sell for those prices but ebay would give you less due to fees.
this?
handle all of the coins -- especially the silver eagle coins -- by the edges. don't clean them even if you have already touched them
can you
flip over the 1932 quarter and look for a mint mark above the word Quarter?
more!
can you
check the 1910 you have listed under half dollars and see if it is like this? then check the back and see if it has a mintmark? this is a barber half - named after the designer
This is the only response that matters.
Add up the face value (in dollars) of all the coins, and multiply by 55. So if you have $100 total face value, $100 * 55 = $5500. Whatever the number is, that's the maximum you could hope to get. Fair offers would be a bit less, maybe 80-90% of that maximum number.
The rest of the responses in this thread aren't "wrong", but you're putting in a lot of extra effort that will not change your bottom line in any meaningful way.
can you
check the 1917 half dollar for a mintmark that is either on the front under the word Trust or on the back to the left of the rock and branch?
meanwhile, there could be a 1932 D or 1932 S quarter in the bunch that would be sold for just silver? it's worth $50 to flip it over and taking pictures.
etc.
can you
look for a mintmark on the 1927 quarter? it's on the front, near the bottom between the bottom left star and the 1927 date
https://www.adobe.com/acrobat/resources/can-pdfs-contain-viruses.html
even image files can contain malware. i just trust that the processing this forum software does on upload will exclude them
Some hidden message or code could be hidden in an image or its metadata, but no legit image viewer or browser will execute that code.
I would advise simply giving us a GENERAL location and we can refer you to a reputable dealer(s) in your area. Otherwise lots of work for no significant upside. Unless, of course, you might enjoy doing the research, etc. You might find a new interest.
If you're not already a coin collector and are not interested in becoming one, call your local dealers, find out how much they pay for junk silver and take all the coins to whoever quotes the best price.
Judging by the coin list, I would wager that the decedent was not a huge coin nerd like many of us here. Maybe a stacker, maybe an enthusiast of 20th-century silver coinage. Maybe, much like myself in my teens, somebody who pulled old/valuable coinage out of circulation.
Therefore I suspect it's unlikely (though certainly not impossible!) that there are rare varieties or high-value mintmarks in this collection.
@Grubnur - is it reasonable to assume you're not really a collector yourself? Since the list provides little in the way of mintmarks and nothing in terms of grade estimates, it's tough to even approximate a value for any of these. For example: retail is approx. $100 per Morgan dollar right now, unless they're uncirculated, in which case the value could be a couple hundred per coin. If they've been graded, the plastic "slab" should have a grade listed on it. I'll assume the coins are raw and ungraded, though, so $100 would be my benchmark. Naturally, a dealer can't pay that so you might get offered ~$70-75 each.
A couple words of advice:
1) the mintmarks on most coins are somewhere on the reverse, or "tails" side, except for cents. The mintmarks are usually small and unobtrusive.
2) Red Book / Blue Book is your friend. If you're really motivated to get top dollar for this collection - in support of the missions org you mentioned - it might be worth spending the ~$20 and time to learn. Red Book has retail prices, Blue Book lists wholesale prices. So if you plan to sell to a dealer, Blue Book will have more realistic prices for you. Both books have pointers on grading, mintmarks, major varieties, and other factors that affect value. Both books are really good resources, especially for beginners.
"Red Book" = A Guide Book of United States Coins, Whitman Publishing
"Blue Book" = A Handbook of United States Coins, Whitman Publishing
Best bet is probably to find a reputable local dealer and get a quote. Unfortunately, the best way to avoid getting lowballed is to know the approx. value, which means knowing your coins. That's where Red Book or Blue Book would come in handy.
If you don't want to bother buying a book and learning all these details, then your best bet is to visit multiple dealers for quotes, and go with the highest one. @yosclimber above also has good advice for a quick estimate with minimal research.
I've also spent enough time in the Midwest to know that my "visit multiple dealers for quotes" advice isn't practical for everybody. YMMV
Serving the greater Mechanicsburg and Camp Hill, PA area
https://zenithbullionconsulting.wordpress.com/
@ZenithBullionPA said:
For example: retail is approx. $100 per Morgan dollar right now, unless they're uncirculated, in which case the value could be a couple hundred per coin. If they've been graded, the plastic "slab" should have a grade listed on it. I'll assume the coins are raw and ungraded, though, so $100 would be my benchmark. Naturally, a dealer can't pay that so you might get offered ~$70-75 each.
I would love to find a dealer who'll pay $70 for Morgan Dollars.
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
Retail values aren't really relevant here unless the OP intends on opening a shop and needs help pricing inventory.
I agree with jonathanb's comments.
Based on your list, I would think that putting the coins for sale on BST could be the best way to liquidate these coins.
Did you establish that the roll of coins are silver eagles?
I knew it would happen.
It's hard to tell right now! With silver at $72/oz one day, $85/oz a few days later, and back down to $76 two days after that, it's enough to give you a headache!
$70 on a $100 retail might be optimistic, but unless you're calling on a regular basis it's hard to tell. Also probably location-dependent.
Just found a page on the JM Bullion site lising $39 for 1882, 1884, and 1886 and $41 for 1897O in XF (https://www.jmbullion.com/coin-info/us-silver-dollars/morgan-dollars/). Don't know if that info is current, but I'd hope you could get a little better than that. Some shops, perhaps...others, perhaps not.
Serving the greater Mechanicsburg and Camp Hill, PA area
https://zenithbullionconsulting.wordpress.com/
Agreed.
That'll probably be the best way to get the most money for the collection, but will involve a bit of work (mailing out coins to individual buyers, bumping the thread, etc)
Serving the greater Mechanicsburg and Camp Hill, PA area
https://zenithbullionconsulting.wordpress.com/
How much over what you'd get from a typical coin shop do you think BST buyers are willing to pay?
IDK...I only have experience with my local shops, which seem to pay stronger than what many on this forum are accustomed to. If the OP happens to live near Mechanicsburg, there might not be a difference at all!
In the overwhelming probability that's not the case, it's either take a chance on selling piecemeal online or make a BST post here - or just dump the lot at a local shop, which will probably result in less $$ but requires little time/effort on OP's part.
Serving the greater Mechanicsburg and Camp Hill, PA area
https://zenithbullionconsulting.wordpress.com/
A local pawn shop was selling decent looking Morgan and Peace dollars today for $70 each. I doubt there is much of numismatic value in this collection, and would not want to be shipping it to multiple potential buyers. A local reasonable dealer would be the way to go. If you give a location people could recommend someone.
I recently bought a roll of pre-21 Morgans for $1100.
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
from the picture posts above
separate the below out:
* separate out the Bermuda crowns
* 1897-O and other 3 Morgan dollars - set aside them - the other 3 Morgans are worth a bit more than just silver value just because they are Morgans, but not much more
* Jefferson nickels with huge mintmark on the reverse - these are 35% silver but are hard to refine but some (few) buy them for what they are - o:therwise the others are just jefferson nickels worth 5c
* 1936 D and particularly S washington quarter- scarce
* 1917 Walking liberty half dollar with a D mintmark either on the front or back, or a S on the back - scarce also
* 1927 D standing liberty quarter - also scarce
.
Washington quarters there was a list of i think 41 coins? i've had you look for scarce and key coins. the rest are just silver value
to give you an idea of what *retail* value you have:
friday silver closed at about $76 per troy ounce. keeping that in mind, 4 quarters are a dollar and 4 quarters would have $54.96 worth of silver in them. $10 worth(40 quarters)? $549.60 serious money
what many coin dealers use is how many times face value they pay. again full retail is $1 face equals 54.96x
silver was as high as $120/troy ounce. it was fun for me to keep up with how much times face people paid because things go crazy. so many people brought in their silver coins and sterling dinnerware that many places refused to buy it. the stores could not re-sell it to anyone as the refiners - purchasers of last resort - didn't even want them.
the place to ask what a good price to get for them is right here on the precious metals forum: https://forums.collectors.com/categories/precious-metals - you'd be asking what is a good $Payout times face // again, it's going to be noticably lower than $55x
as for the bermuda crowns - authenticity is relevant. you'd need to find a buyer who knows they are authentic. some coin stores may not know. perhaps someone on here can be a buyer of last resort, but you can find a dealer in a larger sized city that would probably know. they are 50% silver
there is actually more silver in a silver dollar than 4 quarters. those common morgans have $58.78 worth of silver in them. look for a dealer who would want to give the morgans a little bump more than what they are paying times face value for quarters dimes and half dollars
buffalo nickels - can't say how much they are worth but they can be bought by someone for more than a nickel each. likewise for the indian cents and wheat back cents. i can say that 1940s and 50s lincoln cents only are worth more than a cent each because of the wheat back. those aren't scarce. i'm not sure what to tell you to do with the lincoln cents from 1910s-30s
* walking liberty half dollars not separated out - silver value
then there are the 20 1990 silver american eagles - we are thinking the are what they are described to be but need pictures to confirm - 1990 didn't see as many made as the millions they make now. they are "better date". if they are common dated say 2020 silver eagles they'd retail for for $76 plus maybe $5 each, or $81 - for a total of $1620. but they really need to be sold to someone that deals in older date, better year silver eagles for the bump up in value they deserve. be sure to mention they are new to the market and unsearched for high graded ones.
The Bermuda crowns sell for melt, if you're lucky.
ok fellow forumites - someone estimate what dated buffalo nickels, indian head cents and wheats from 1910 - 50s can be sold for
apmex is very aggressive with their retail pricing
here is their page for buffalo nickels with their prices for the scarcer dates
https://www.apmex.com/search?q=buffalo+nickel&rows=80&viewType=GRID&start=0
indian head cents
https://www.apmex.com/search?q=indian+head+cents&rows=80&viewType=GRID&start=0
i'd do lincoln cents for you but their catalog is enormous there and you really need to hunt to find what you have, then on top of that know how to assess the grade(quality) of them. to show you what i mean here is the 1910 lincoln cent:
https://www.apmex.com/search?q=1910+Lincoln+Cent+XF&rows=80&viewType=GRID&start=0
1910 aggressively priced at $8 ... but in XF (extra fine) condition.. . that's easily noticeable wear but not a heavy amount of wear. without pics of yours we won't know, but as others here are saying... just take them somewhere instead of becoming a numismatist simply to price them. it is for that reason i only asked about the scarce and key date coins above,
live silver pricing:
https://www.kitco.com/charts/silver - kitco is one place used - other people use other numbers but i have no idea of their source
as an example, the coinflation site: https://www.coinflation.com says friday's close is 76.01 but kitco shows $75.84
coinflation is a good site to keep handy - it shows the approximate silver value of each coin
Looks like a silver stacker's hoard rather than a collection with any significant numismatic value. Any reputable brick and mortar coin or bullion shop can give you a value on that. Any numismatic value would be happenstance rather than by intent.
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