Home› U.S. Coin Forum
Options

Hello, I am new.

sewoongchangsewoongchang Posts: 15
in U.S. Coin Forum
Hello, my name is SE Chang and I am new at selling old coins. If there is anyone that wouldn't mind helping me getting started in this world, please help me out? Thank you! You can PM or just leave a message here.
«1

Comments

  • ShamikaShamika Posts: 18,785 ✭✭✭✭
    Welcome to the Forum. I hope your stay is long.

    Buyer and seller of vintage coin boards!
  • ar18ar18 Posts: 1,122
    ebay
  • DUIGUYDUIGUY Posts: 7,252 ✭✭✭
    image

    Go to your profile and turn on the PM function . image
    “A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly."



    - Marcus Tullius Cicero, 106-43 BC
  • NumisOxideNumisOxide Posts: 10,997 ✭✭✭✭✭
    Welcome!
  • BigEBigE Posts: 6,949 ✭✭✭
    Welcome. Where do you live, do you have US or foreign coins for sale? Maybe I can helpimage-------BigE
    I'm glad I am a Tree
  • sewoongchangsewoongchang Posts: 15
    Wow thanks! I am just starting in this world of coins because my dad has given me all of the old coins he had collected. The money I make is suppose to help me get through college and money for my social life.. >.< I would greatly appreciate anyones help.. = )
  • sewoongchangsewoongchang Posts: 15
    I live in the United States and have old US coins and paper money.
  • granddadgranddad Posts: 966 ✭
    Did your father happen to catalog his collection?

    Have a Great Day!
    Louis
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,550 ✭✭✭✭✭
    Welcome to the boards and feel free to share what type of coins you have. Although, this is not the place to sell them, it certainly is a great place to discuss them and learn about them. You'll learn as it goes.


    Joe

    ``https://ebay.us/m/KxolR5

  • sewoongchangsewoongchang Posts: 15
    Well, I made the inventory of the names and dates of the coins. I really want to learn more about how to grade the coins and see if i can clean them if i am allowed to and how the whole system of selling and buying coins work.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,550 ✭✭✭✭✭


    << <i>Well, I made the inventory of the names and dates of the coins. I really want to learn more about how to grade the coins and see if i can clean them if i am allowed to and how the whole system of selling and buying coins work. >>



    Oh Myyyyy, please DO NOT CLEAN, RUB, SHINE or POLISH..... do not dip, soak, suds or wax them either... YOU WILL KILL THEM.

    ``https://ebay.us/m/KxolR5

  • etexmikeetexmike Posts: 6,852 ✭✭✭
    image to the boards.

    -------------

    etexmike
  • sewoongchangsewoongchang Posts: 15
    Oh... >.< see i need everyones advice... >.< i was trying to look for solutions or something to clean the coins in...... also some of the coins are kind of dirty? or looking old?? would those still have any value?
  • cladkingcladking Posts: 28,720 ✭✭✭✭✭
    Welcome aboard.
    tempus fugit extra philosophiam.
  • PentimentoPentimento Posts: 1,367


    << <i>The money I make is suppose to help me get through college and money for my social life.. >.< I would greatly appreciate anyones help.. = ) >>



    "Social life" is the Friday night PCGS coin forum "Phrase That Pays!!!"
    image

    What years, coin denominations do you have?
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,550 ✭✭✭✭✭
    Two years ago I gave my girlfriend a wonderful 1854 Gold Dollar in AU condition (Type I). I put it in a bezel (very carefully) and she's worn it proudly on her neck since then. I looked at it last night and said " what did you do ?" She said, "I SCRUBBED it so it would SHINE again".... Well there goes it's value image.... It has scratches across the face.

    For her, it's PERFECT image , for a NUMISMATIST (a coin collector)... it's dead.

    ``https://ebay.us/m/KxolR5

  • granddadgranddad Posts: 966 ✭
    Where did you find the names of the coins?

    Have a Great Day!
    Louis
  • sewoongchangsewoongchang Posts: 15
    Right now i have most of my informatin such as dates names and such on paper, i am trying to put it on an excel sheet neatly right now and will take pictures soon. But i would say i have coins from around 1880s?? to 1940s?? somewhere around there.. i have anything from pennies to half dollars to dollar coins... and some old paper money also.. which id ont think are of any value...
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    Try a rock tumbler that makes them vary shienny.
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • sewoongchangsewoongchang Posts: 15
    The names and values and everything i found on the PCGS Price Guide, but the values.. i kind of got confused in reading.. so i jsut thought of them as ranges.. like anywhere from 3$-4000$??? i just read them as that..
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,550 ✭✭✭✭✭


    << <i>Try a rock tumbler that makes them vary shienny. >>

    image

    many times people are making fun, so try to take this into consideration. There are some of the funnest people in the world here, too.


    Joe

    ``https://ebay.us/m/KxolR5

  • messydeskmessydesk Posts: 20,271 ✭✭✭✭✭
    Welcome to the boards. There are several people here who would be willing to help if you have questions about specific coins. Helping you figure out what to do with an inherited collection really requires more one-on-one contact. Buy yourself a grading guide and a pricing guide such as the Red Book and learn what you have. If there's a coin dealer in your area, take your stuff and say you'd like to learn more about the collection you inherited. Do not indicate you want to sell it, only that you're interested in learning about it so you can enjoy collecting. If you can give an approximate location of where you are, someone here is bound to be able to point you to someone.

    Also, print this out and put it next to your collection

    image
    John
    Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
  • sewoongchangsewoongchang Posts: 15
    Oh ok, well I live in the Alpharetta area in GA. Anyone know any place near by?
  • granddadgranddad Posts: 966 ✭
    How much does your social life require per month? I am trying to help you, but I need more information in order to best advise you. How unfortunate that your father was not aware of trust funds.


    Have a Great Day!
    Louis
  • sewoongchangsewoongchang Posts: 15
    Haha i mean we are not in a financial situation where like i have to sell the coins to pay for my whole college. I ment in college as books and stuff i would need. He is giong to pay for college and he is giving me money to use. Its just he wants me to try this coin thing out and learn about the real world, about business and selling and buying and keeping up with relations with other people and etc.. Sorry if it came out wrong.. >.<
  • MajorDutyMajorDuty Posts: 1,998
    This guy seems like a nice kid but the cleaning comments just go to show you the mentality regarding "dirty...old" coins among those not exactly versed well in the hobby. I am the only one in my circle of friends and family, and coworkers, who is into coins, and I can tell you that every single one of the people I've ever spoken to about coins think that cleaning them would be a good idea. I've even gone as far to show a cleaned, "shiney" coin along with a dirty, old, tarnished (original) coin, and guess which one they all liked better? Yup. You guessed it. It's kind of scary outside these boards sometimes. Take into consideration all the cleaning products out there available to anyone with a credit card, and it gets really frightening.
    image
  • NewbNewb Posts: 1,401
    >.<


    image
  • RichieURichRichieURich Posts: 8,552 ✭✭✭✭✭
    image to the Forums, Sewoongchang! Enjoy!

    And I agree with all of those people who said do not clean your coins. Also do not remove any of them from any holders they might be in, until you know what you are doing. Third, if you have any collectible paper money, do not fold it. If you start by following these 3 suggestions, you will be way ahead of the aerage person. The people on this Forum can help you with grading, value, how to sell, and just about anything else related to coins. Good luck!

    An authorized PCGS dealer, and a contributor to the Red Book.

  • STONESTONE Posts: 15,275 ✭
    Welcome to the forum.

    Seems you have learned a lot in the first few minutes of being here.
  • sewoongchangsewoongchang Posts: 15
    Wow thanks everyone, well I have definitly decided not to clean the coins, and the paper money aren't folded. However I have no holders to put my coins in. Should I get individual holders? or like a book? What would be the best way for me to preserve them?
  • ritepathritepath Posts: 266
    Welcome we need some new members here.
    There's only One
  • bhartman35bhartman35 Posts: 1,398


    << <i>Wow thanks everyone, well I have definitly decided not to clean the coins, and the paper money aren't folded. However I have no holders to put my coins in. Should I get individual holders? or like a book? What would be the best way for me to preserve them? >>



    There are a couple of different ways you can go with that. You can use cardboard flips, or you can use plastic flips, or you can use hard plastic holders. One thing that's important is that if you decide for plastic flips, make sure that they don't contain PVC. PVC is a chemical found in some plastics that can contaminate and corrode coins.

    The other option you have, once you know how valuable your different pieces are, is to send them to a grading service to be professionally graded. When you do that (assuming that the coins are acceptable to be graded) they will be encapsulated in plastic (otherwise known as "slabbed"). This will give them good protection.

    I order a lot of my coin supplies here.
    If you haven't noticed, I'm single and miserable and I've got four albums of bitching about it that I would offer as proof.

    -- Adam Duritz, of Counting Crows


    My Ebay Auctions
    image
  • BUBBAhBUBBAh Posts: 142
    mY WIFE IS Chinese ; you speakie funguiy smugie bushie coototooxie ? .

    .she likes yuan coins of the Ding Tao dynesty-what dynasty do your coin.S represent ?

    long live emporer mao !!
  • sewoongchangsewoongchang Posts: 15
    Oh i see, so i should send them off to a grading service? But how do i know which grading service to believe? I alone found many today, and i cannot tell if they are a real place or not. Any suggestions to where i can send them? Maybe somewhere in Alpharetta GA i can drive to?
  • robertprrobertpr Posts: 6,862 ✭✭✭
    Stick around. You'll find alt everything you need to know here.
  • bhartman35bhartman35 Posts: 1,398


    << <i>Oh i see, so i should send them off to a grading service? But how do i know which grading service to believe? I alone found many today, and i cannot tell if they are a real place or not. Any suggestions to where i can send them? Maybe somewhere in Alpharetta GA i can drive to? >>



    Before you decide to send your coins off to a grading service, you need to determine how much the coins are worth (approximately). When you send a coin off to be graded, you have to pay the grading fee, the shipping (both ways), and the insurance, so the coin needs to be worth a decent amount to make it worth it. I'm not sure what the cutoff value is, but others here can help you do the math.

    The big professional grading services are PCGS, NGC, and ANACS. Those are the ones you'll hear of most often. I would not send a coin off to any service outside of these three, simply because these three have the best reputations for reliable grading. (I believe PCGS enjoys the best reputation in this regard, but others might have a different opinion.)

    Also, keep in mind that if you send the coin off to PCGS, they might not grade it. PCGS has a policy of not grading "problem" coins (that have been corroded, cleaned harshly, or damaged (e.g., deeply scratched)).

    Before you submit coins for grading (if you decide to do that), I would either post pictures here for people to see and help you evaluate your collection, or go to a local dealer. As others have said, a local dealer can help you evaluate your collection, and can help you with the submission process, if they have submission rights to one of the grading services.

    If you haven't noticed, I'm single and miserable and I've got four albums of bitching about it that I would offer as proof.

    -- Adam Duritz, of Counting Crows


    My Ebay Auctions
    image
  • sewoongchangsewoongchang Posts: 15
    Oh i see, thank you! I will soon have pictures that i can put on this forum, all i have are names and dates so far.
  • bhartman35bhartman35 Posts: 1,398


    << <i>Oh i see, thank you! I will soon have pictures that i can put on this forum, all i have are names and dates so far. >>



    Great! image

    Everybody here enjoys seeing people's coins. image

    The other thing I forgot to tell you is, if PCGS decides not to grade your coins (for the reasons I stated above), they still keep the grading fee. You won't get a refund, so that's the other reason you want to be careful to only submit coins you're pretty sure will be graded.
    If you haven't noticed, I'm single and miserable and I've got four albums of bitching about it that I would offer as proof.

    -- Adam Duritz, of Counting Crows


    My Ebay Auctions
    image
  • sewoongchangsewoongchang Posts: 15
    Oh i see, thank you for the helpful advice, earlier on, i would have probably sent all of my coins in without knowing and would have wasted a ton of money. Thanks a lot!
  • BaleyBaley Posts: 22,663 ✭✭✭✭✭
    just relax, dude! show a few pictures of your oldest and neatest coins and we'll see what's up

    welcome aboard

    Liberty: Parent of Science & Industry

  • morgansforevermorgansforever Posts: 8,469 ✭✭✭✭✭
    <<Haha i mean we are not in a financial situation where like i have to sell the coins to pay for my whole college. I ment in college as books and stuff i would need. He is giong to pay for college and he is giving me money to use. Its just he wants me to try this coin thing out and learn about the real world, about business and selling and buying and keeping up with relations with other people and etc.. Sorry if it came out wrong>>

    A. Diving into this industry with no knowledge is very risky. Never trust a dealer with no knowledge of what you have.
    B. Buy a Redbook and familiarize yourself with U.S. coinage.
    C. Realize that profit from flipping coins can be small. If you are making 30-50% your doing well.
    D. If you plan to use Feebay as a platform, learn about all the fee's and policies first.
    E. Take accurate pics with diffused light to capture the coins surfaces. Good pics generate the most activity, so does an accurate description.
    F. Make sure your shipping terms are clear, and that you honor them.
    G. If you plan on selling cast counterfeit Morgans, don't bother, you won't last long.

    morgans
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • sewoongchangsewoongchang Posts: 15
    wow!! thanks for the great outline, but how do you tell if a coin is counterfiet?
  • bhartman35bhartman35 Posts: 1,398


    << <i>wow!! thanks for the great outline, but how do you tell if a coin is counterfiet? >>



    Detecting counterfeits well is something that takes a long time to learn. Some coins on Ebay (for example) just don't "look right". Either they have a cast appearance (i.e., like they're made of stone rather than metal, and are very porous) or they might have "mistakes" (e.g., a coin might have a mintmark for a date in which no coins were made at that particular mint). On the really obvious ones, elements of the design are wrong (e.g., there are the wrong number of stars or the date might be stamped directly across the coin, instead of in a curve).

    Once you post some pics of your coins, people will probably be able to tell you if they're genuine. Any that are counterfeit should not be sold on Ebay, even if you state in the auction that it is counterfeit. The reason for this is that what you're selling as a counterfeit, the buyer can then turn around and sell as the real thing.
    If you haven't noticed, I'm single and miserable and I've got four albums of bitching about it that I would offer as proof.

    -- Adam Duritz, of Counting Crows


    My Ebay Auctions
    image
  • sewoongchangsewoongchang Posts: 15
    Oh ok, so my priority is to post pictures i see... Ok thank you
  • morgansforevermorgansforever Posts: 8,469 ✭✭✭✭✭
    <<Oh ok, so my priority is to post pictures i see... Ok thank you>>

    Pics would be a great start,

    morgans
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • 66RB66RB Posts: 2,516 ✭✭✭


    << <i>Stick around. You'll find alt everything you need to know here. >>



    Yes, I agree with Robertpr, it's a great thing that you've found Refuge here, there's alt of great info here!


    BTW, Welcome!
    Rob
    Lincoln set Colorless Set
    image
  • morgansforevermorgansforever Posts: 8,469 ✭✭✭✭✭
    <<wow!! thanks for the great outline, but how do you tell if a coin is counterfiet?>>

    There is a couple of ways, I'm using Morgan dollars as an example:

    1. A silver Morgan dollar weighs 26.73 grams, and is 38.1 mm in diameter.
    2. A silver dollar has a distinct sound when it hits a wood surface.
    3. A cast counterfeit usually doesn't make the weight test, because the metals used to cast a fake are less dense than silver (Ag).
    4. Pure silver is 10.5 grams per cubic centimetre.
    5. Coins are struck with tons of pressure, casts are made from a mold, big difference.

    morgans
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭


    << <i>Stick around. You'll find alt everything you need to know here. >>




    Slip of the tongue, Robert, or are you thinking/seeing the same thing I do?

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭


    << <i>

    << <i>Stick around. You'll find alt everything you need to know here. >>



    Yes, I agree with Robertpr, it's a great thing that you've found Refuge here, there's alt of great info here!


    BTW, Welcome! >>



    Yep....66 sees it too.

    So sad what some do to others for their own excitement

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • NewbNewb Posts: 1,401


    << <i>Yep....66 sees it too. >>



    *ahem*

    I'm usually too subtle...

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Format
SpoilerCodeQuote
Heading 2Heading 1
Emoji
:):D:(;):/:o:s:p:'(:|B):#:*<3o:)>:)
Url
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file
Home • U.S. Coin ForumComment As ...