Newby in need of assistance
ChiChi
Posts: 109
Due to a recent passing in the family, I have been given the responsibility of sorting out the value of a coin collection that goes back to the 1800’s. I collect sports cards and have zero experience with coins, so I wanted to see if someone could point me in the direction of a trustworthy pricing service, system, publication, etc. Note none of the coins were ever graded, so PCPS is not an option (at least it seems that way to the uninformed).
I should receive the coins within a couple of days, so I can’t provide scans as of yet. Does anyone have any recommendations as to a reputable pricing system?
I should receive the coins within a couple of days, so I can’t provide scans as of yet. Does anyone have any recommendations as to a reputable pricing system?
0
Comments
If you can provide scans of the coins, then the folks here might be able to take a shot at what might be worth slabbing and what is not worth slabbing before a sale.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
Capital investment depends on confidence. - Martin Armstrong
Derryb – isn’t the little guy in your icon from India? I think I watched a news report on him at some point. He is disturbing.
<< <i>Thanks for all of the feedback. I will take a look at eBay as well as the Red Book recommended. I will try to post some scans in the next couple of days to see if any additional feedback can be provided.
Derryb – isn’t the little guy in your icon from India? I think I watched a news report on him at some point. He is disturbing. >>
I was using a picture of adamlaneus but it was more disturbing.
Capital investment depends on confidence. - Martin Armstrong
..............we enjoy helping and we LOVE pics!
I will try to add additional scans in the next couple of days. Feel free to provide any input.
So far I don't see anything that is of really high dollar value. The barber half is probably a G8 at best. Keep the pictures coming and you will get a lot more comments. The 300 64 halves are 90% silver and worth about 9-11 x face value at melt. Very commonly collected coin so you have some nice value there.
Barber half a G8?........................hmmmmmm...
<< <i>rob
So far I don't see anything that is of really high dollar value. The barber half is probably a G8 at best. Keep the pictures coming and you will get a lot more comments. The 300 64 halves are 90% silver and worth about 9-11 x face value at melt. Very commonly collected coin so you have some nice value there.
Barber half a G8?........................hmmmmmm...
I think he meant VG4.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>rob
So far I don't see anything that is of really high dollar value. The barber half is probably a G8 at best. Keep the pictures coming and you will get a lot more comments. The 300 64 halves are 90% silver and worth about 9-11 x face value at melt. Very commonly collected coin so you have some nice value there.
Barber half a G8?........................hmmmmmm...
I think he meant VG4.
I was being nice, I don't have coin in hand you know
<< <i>Like the one person said before get a Red Book and check some of the prices before selling them..Most of the coin dealers around will rip you off "BIG" time if they know you have no experience with coins..So check some books first for your own good and your pocket.. >>
A Red Book is certainly a good start. But don't expect to get anything more than Red Book value divided by !.4! Probably lot better than any dealer will ever pay.
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<< <i>Like the one person said before get a Red Book and check some of the prices before selling them..Most of the coin dealers around will rip you off "BIG" time if they know you have no experience with coins..So check some books first for your own good and your pocket.. >>
The best advantage of looking up the coins in the Red Book is to get an idea of what coins/mint marks are more "valuable" in the series vs the more common dates. The keys and semi keys are usually priced substantially higher and will help you put those aside as having a higher premium value.
<< <i>
<< <i>Like the one person said before get a Red Book and check some of the prices before selling them..Most of the coin dealers around will rip you off "BIG" time if they know you have no experience with coins..So check some books first for your own good and your pocket.. >>
The best advantage of looking up the coins in the Red Book is to get an idea of what coins/mint marks are more "valuable" in the series vs the more common dates. The keys and semi keys are usually priced substantially higher and will help you put those aside as having a higher premium value. >>
Definitely agree with that. I recommended the Red Book because it's under $20 and has a wealth of information. You can roughly learn to grade pretty much any U.S. using this book and you get a decent idea of the value of the coin. Sure it's not a perfect guide as to what a dealer will pay you, but it's not that bad either.
For example, here's my thoughts the coins you posted (using my Red Book as a reference):
1. 1924 Peace Dollar - based on the Red Book values I can see it's one of the most common dates. in VF20 it's worth $17, in EF40 it's worth $18 and in AU50 it's worth $19. Based on the current melt value (which is also found in the back of the Red Book) it's worth at least $11 or so melted. That said, you could probably get between $10 and $19 for it depending on whether you sell it to a dealer or to a collector on eBay who really likes it.
2. 1893 Columbian Commemorative - AU50 it's worth $17 and MS60 it's worth $30 per the Red Book (melted it's worth about $5 in silver). Based on similar looking coins I've seen at shows or on eBay, somewhere around $20 for this seems fair (unless it really is uncirculated which I can't tell from the picture, but looks AU to me).
3. 1900 Barber Half - in G4 (the lowest shown) it's listed at $13 and looking at the coins listed, it's a very common date/mintmark. Based on the picture, this coin would be sold as 90% junk silver by most dealers I think. It seems to have problems such as some scratches and a cleaned look that would keep it from getting a solid G4 $13 price from a collector wanting this for their album. But typically Barber junk silver goes for a slight premimum to common Franklins or Kennedy Halves. A melted half is worth about $5 in silver. I'd expect to sell this coin between $5 and $8 tops if it were mine.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
1900 Morgan 20 to 40
1915-d Barber half - 6 - 8
1921-s Morgan dollar 13-17
1922 Peace dollar 13-17
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You went from small potatoes to BIG apples. Now you need to verify that it's really gold.