Query about US gold, silver and other coins
calliostoma
Posts: 8 ✭
Hi,
I am new here and am seeking feedback about the quality of coins in my wife's grandfather's collection. Can anyone direct me on whether we should get the coins graded/assessed first or go right to an auction house, and which auction house, etc.
I am posting some pictures that you can get some idea.
Thanks so much!
0
Comments
The silver peace dollars look to be common years and in the AU and low MS range. This puts them in the $25 to $50 each price range. Hard to see but the 1878 Morgan's look to be San Fran mintage which is common but worth a bit more than the peace dollars. If Philly and they have certain attributes, they can be worth more. They generally do not merit the price of certification which most auction houses require.
The gold, if tested as genuine, would at least get melt which is currently around 2670 per ounce. If the reverses have a mint mark, it may make them more valuable. It may be wise to visit a nearby coin shop for an evaluation. GL
USAF veteran 1984-2005
Gold coins look nice. Worth more than melt for sure
This is very thoughtful input, thank you very much. we have nearly 400 hundred coins, nickels, dime, large cents, mercury dimes ... and many more.
I am learning little by little, found some reverse coins from 1878-1898, long nock dollars... it is endless and so much fun.
thank you again for your help, appreciate it.
What are reverse coins? Long Neck(?) Dollars?
99.999% of coins do not go to auction companies. 99% of coins should not be slabbed. Most coins, even if new to you, are pretty common.
The $5 and $2.50 gold look particularly nice. Handle them with care!
Better photos on both sides of the the gold coins would definitely be helpful.
Do NOT go to anyone who wants to ‘test’ your gold.
30+ years coin shop experience (ret.) Coins, bullion, currency, scrap & interesting folks. Loved every minute!
The silver looks good, but it is hard to tell from the pictures. The gold looks better, but probably not worth grading.
All the silver looks pretty common. The gold might be mint state or it might not, but seeing reverse images would help everyone immensely. Buy a copy of the Red Book and read it; it will help tremendously. Good luck!
In honor of the memory of Cpl. Michael E. Thompson
Thank you for all those comments, truly appreciate it.
Several large cents are reverse coins, some 1878 coins have long nock.
I
am posting the gold ones again, on both sides.
thanks again
https://www.pcgs.com/coinfacts/coin/1878-s-1-vam-58-long-arrow-shaft-top-100/133849
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Thank you
What is a "reverse coin"? Are you talking about a brockage or something?
1878 7TF Reverse of 1879
That's not a large cent.
yes, some large cents too but i have to check it out again
First off: never clean a coin and always handle by the edges. Secondly: take your time, don't be in a hurry and research is always worth the effort.
Dimes shown are silver and worth what silver is worth, nothing special.
Same with nickels, nothing special.
Key dates can be seen in your red book (hopefully he had one of those).
Peace and Morgans need to be researched for Vams: check on Vamworld.com. But, just because it is a Vam does not mean, necessisarily that there is added value. Check for top 100, 40, etc on the Vams.
Have fun hunting and researching. Auction houses cost a ton of money in fees or commissions. Be wary of that. Great Collections.com is a great way to sell the good stuff and they will get the raw coins graded for you prior to auction. Check them out.
good luck,
bob
When you do find something that you think is special be sure to check ebay completed sales for the exact same coin. Helpful for sure.
Thank you Bob, appreciate it