Hello, I am new.
sewoongchang
Posts: 15
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.
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Go to your profile and turn on the PM function .
- Marcus Tullius Cicero, 106-43 BC
Have a Great Day!
Louis
Joe
<< <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.
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etexmike
<< <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!!!"
What years, coin denominations do you have?
For her, it's PERFECT
Have a Great Day!
Louis
<< <i>Try a rock tumbler that makes them vary shienny. >>
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
Also, print this out and put it next to your collection
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Have a Great Day!
Louis
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.
Seems you have learned a lot in the first few minutes of being here.
<< <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.
-- Adam Duritz, of Counting Crows
My Ebay Auctions
.she likes yuan coins of the Ding Tao dynesty-what dynasty do your coin.S represent ?
long live emporer mao !!
<< <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.
-- Adam Duritz, of Counting Crows
My Ebay Auctions
<< <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!
Everybody here enjoys seeing people's coins.
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.
-- Adam Duritz, of Counting Crows
My Ebay Auctions
welcome aboard
Liberty: Parent of Science & Industry
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
<< <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.
-- Adam Duritz, of Counting Crows
My Ebay Auctions
Pics would be a great start,
morgans
<< <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!
Lincoln set Colorless Set
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
<< <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
<< <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
<< <i>Yep....66 sees it too. >>
*ahem*
I'm usually too subtle...