Question on Coins
sthartman
Posts: 6
I know very little if anything about coins. I received a whole bunch of Morgan and Kennedy Half Dollars as well as silver quarters just to name a few.
I know I could have them all graded which would probably cost me a fortune to obtain their value and probably some are not worth too much as they may be a little banged up.
What do most people do? I bought the red book and another book to attempt to grade them on my own, but I really dont think I can be objective and I don't really have the eye to tell their grade.
Right now their all stored and just collecting dust and taking up space. What do most of you people do in a situation like this?
I know I could have them all graded which would probably cost me a fortune to obtain their value and probably some are not worth too much as they may be a little banged up.
What do most people do? I bought the red book and another book to attempt to grade them on my own, but I really dont think I can be objective and I don't really have the eye to tell their grade.
Right now their all stored and just collecting dust and taking up space. What do most of you people do in a situation like this?
0
Comments
Both show very detailed pictures (ANA has mint state and circulated; Photograde just circulated) of the coins of all series, and it is much easier to use than the text you get with the Red Book.
Jeremy
Redbook is o.k for info, but not for prices.
If you are too lazy to try to do this right, I'll give you 2.00 for the whole batch!!!!
See what's gonna happen. Be more specific with dates, quantities, etc. You are going to have to try to learn about grading, or find a dealer that you trust, or bring to a coin show to get a consensus. Circulated, uncirculated? Kenedy halves usually arent too risky. Morgan dollars can range from 4-5 dollars to the moon, so you have to be more specific.
What kind of silver dollars.
If you walk around explaining your situation like your post, your going to get rooked!
But seriously...I'll second Jeremy's answer...Photograde and the ANA Official Grading Guide
try to find a coin shop or two close to home and take along a random sampling as well as a complete list of what you have. a REPUTABLE dealer should be able to assist you in determining the value of your holdings and then you can decide what to do, sell or become a member of a fascinating hobby. proceed slowly though, since all dealers don't act in an ethical manner and you may be led to the "fleecing" since you're a novice. heck, even the best of us get taken occasionally!!
good luck. when you work up your list of dates, come back and share for some comment and free advice.
al h.
What do most people do?
most of us form some kind of collection, usually a combination of a US type set and/or collections of a favorite series or two, in which one attempts to assemble the highest quality examples for each "hole"
we learn and study to find out about how to grade, and what "highest quality" means.
then we pass our collections to our heirs.
it all depends on what *you* want to DO about the coins.
If you're looking to sell them all fast and spend the money on something else, use the guidelines in the Redbook to assign an approximate grade, find the prices, add em all up, divide by 3, and thats about what a dealer will pay you if you take them in to his store.
if you want more like 50-70% of redbook, list them on ebay.
redbook prices are supposedly full retail prices and are not very accurate, at that.
anyway, if the coins aren't burning a hole in your pocket, my advice is to pick out the best ones, maybe the nicest ones of each type and/or date and mintmark, and put them away.
that way, whatever you "DO" with the rest, someday you won't regret getting rid of these that you "recieved" from whoever.
Liberty: Parent of Science & Industry