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New here, got some old silver dollars to learn about
kevincaron
Posts: 14 ✭
The numbers under the coins will show you which goes with what.
1879 and 1878 silver coins.
How do you all decide when to send something in to have it evaluated?
Are these worth the cost?
Who do I send them to?
Thank you for your time.
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They are pretty common and not in the best of condition.
It would probably cost more to have them certified than they are worth.
Agree with @Greenstang
Just enjoy them the way they are and the people, maybe famous people, that touched these coins in the last 144 -145 years.
USAF (Ret.) 1985 - 2005. E-4B Aircraft Maintenance Crew Chief and Contracting Officer.
My current Registry sets:
✓ Everyman Mint State Carson City Morgan Dollars (1878 – 1893)
✓ Everyman Mint State Lincoln Cents (1909 – 1958)
✓ Morgan Dollar GSA Hoard (1878 – 1891)
Just so OP understands:
It costs money to have a coin graded (fee plus postage); figure something on the order of $50. Plus the hassle involved (wrapping the coin and going to the mailbox; hoping it doesn't get lost).
So, for it make economic sense to have a coin graded, you should have a good sense that that coin, graded, is worth at least $50 more than that coin not graded.
There are other reasons to have a coin graded/certified. For instance, if it's a coin special to you for, e.g., sentimental reasons, it can be a nice way to preserve the coin. Or if it may not be particularly economic to have it graded, but it will make selling the coin much easier (for you or your spouse/children).
As previously noted, all those coins you posted are well-worn, fairly common dates. There is no economic reason to have them graded.
As a data point, I have a fairly extensive collection (something north of 2000 coins, with a FMV of more than I paid for my first house). I own a lot of certified coins, but I bought every one already certified. I have some coins that I will get certified someday, but it hasn't happened yet; to me, it has to be worth something north of $200 to get it certified, and the certification will have to be useful to optimizing the ultimate sale of the coin (either to validate the grade, or to remove any doubt about its authenticity).
Hope this helps.
Welcome.
@kevincaron.... Welcome aboard. I agree with the above advice. Cheers, RickO
Welcome, About $30 each give or take a buck or two. Still cool old silver with a history. Someone probably slapped one of the coins on the bar in a saloon and said "Keep 'em coming". (from the wear this happened over and over on these)
Hopefully they may have some sentimental value attached to them as well if they were left by a loved one.
Mark
Thanks guys!
Kind of what I was thinking.
Just wanted a second opinion.
I'm going to go stand in back and read now.