Need advise for collection.
Cowbilly
Posts: 82
I inherited a nice collection. A few that I suspect are valuble, several that I have no idea of value, even more that I suspect are not very valuable. All in envelopes.
Three digits worth of Morgans and misc. silver all in rolls. Most MS.
Should I put all coins in those staple coin holders?
Which ones should I send to PCGS? (I could go broke doing all.)
What benifit is PCGS?
What other advise?
Help
Three digits worth of Morgans and misc. silver all in rolls. Most MS.
Should I put all coins in those staple coin holders?
Which ones should I send to PCGS? (I could go broke doing all.)
What benifit is PCGS?
What other advise?
Help
0
Comments
Then see what you want to do - if you have top-end or raredate Morgans, some could be worth hundreds or thousands.
I would pick out what you think are the 4 most valuable coins and send them in and see what they come back as.
Join the collectors club and use the 4 free submissions.
There are three things you need to do before making any moves at all with the coins:
1. Research
2. Research
3. Research
You can start with this forum. Read anything and everything about the coins you have. Use the search feature and avail yourself of a ton of free information.
Russ, NCNE
Good Luck.
"The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
A) While not necessary, this is a good way to protect the coins for a small amount of money ($2.50 per hundred)
Q) Which ones should I send to PCGS? (I could go broke doing all.)
A) Unless you're planning to sell or want to use them in a registry set, there is no reason send any to PCGS. If you're planning to sell, then only coins worth over $50 should be slabbed.
Q) What benifit is PCGS?
A) Allows someone who is purchasing the coins from you to have a third party (PCGS) determine the grade.
Q)What other advise?
A) Get a copy of the Red Book and do some research.
get some gloves, but still handle by the edges. You'd hate yourself if you had a rare VAM Morgan, and accidently touched it, forming an ugly spot. Go thru the redbook, like someothers mentioned. when you come across something you think might be a variety, post it here (for free!!! ) and ask opinions.
Keep the coins in a dry, steady temperture. Buy some dessicant to help keep humidity at bay. if any coins look "odd" you may have some worthwhile errors. (i recently found a penny stamped on a dime planchet stashed away in a candy jar my grandfather had.) two final things--
1. the only dumb questions are those not asked.
2. like other said, reseach!! here, or elsewhere on the web. find a local coin dealer, but don't take his/her word like the gospel. get 2nd or 3rd or 4th opinions.
B.
A Tax is a fine for doing good.