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#1
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Book recommendation please
My father died and I have inherited a bunch of old coins and bills that
he collected. There are lots of silver coins, half dollars, dimes and quarters mostly and a few silver dollars. There a some bills and a few mint sets. It's not really a coin collection as much as a bunch of coins and money that he thought might be valuable some day. He also has ration stamps from the depression, silver colored pennies, buffalo nickels, etc. The stuff is pretty interesting actually. I was thinking of selling all the silver coins together but before I do I want to be sure I don't have any single coins of particular value. I was wondering if there was a book or web site where I could look up the coins that I have. Also, how should I go about getting an honest appraised value on what I have? It's part of an estate and I need to sell it and split it with my sister. This is all new to me and I'd appreciate any suggestions. Thanks |
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#2
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Best thing to start with is what they call the "Red Book" Title is A Guide
Book of United States Coins. Get the newest one from your local bookstore or coin shop. That will give you some idea of the approximate value of your coins. It depends on a lot of factors, such as how worn the coin is, how badly its scratched, or lack thereof, etc. Many factors involved. But you can at least get some idea. Next I would either locate a local coin club and ask the members who they might recommend as far as a dealer that wont rip you off. There are some good knowledgeable folks on here that might can tell you if you can tell them what city your in, but you may wish to keep that private. Anyway, that's a short answer. Hope its some help. Brian "Jane" wrote in message ups.com... My father died and I have inherited a bunch of old coins and bills that he collected. There are lots of silver coins, half dollars, dimes and quarters mostly and a few silver dollars. There a some bills and a few mint sets. It's not really a coin collection as much as a bunch of coins and money that he thought might be valuable some day. He also has ration stamps from the depression, silver colored pennies, buffalo nickels, etc. The stuff is pretty interesting actually. I was thinking of selling all the silver coins together but before I do I want to be sure I don't have any single coins of particular value. I was wondering if there was a book or web site where I could look up the coins that I have. Also, how should I go about getting an honest appraised value on what I have? It's part of an estate and I need to sell it and split it with my sister. This is all new to me and I'd appreciate any suggestions. Thanks |
#3
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Jane wrote: My father died and I have inherited a bunch of old coins and bills that he collected. There are lots of silver coins, half dollars, dimes and quarters mostly and a few silver dollars. There a some bills and a few mint sets. It's not really a coin collection as much as a bunch of coins and money that he thought might be valuable some day. He also has ration stamps from the depression, silver colored pennies, buffalo nickels, etc. The stuff is pretty interesting actually. I was thinking of selling all the silver coins together but before I do I want to be sure I don't have any single coins of particular value. I was wondering if there was a book or web site where I could look up the coins that I have. Also, how should I go about getting an honest appraised value on what I have? It's part of an estate and I need to sell it and split it with my sister. This is all new to me and I'd appreciate any suggestions. Thanks The following book (called "The Red Book" by most coin collectors) is a very good source of information for all regular U.S. coin issues. It will give you an idea of the scarcity of individual coins and an approximate retail value of the coins. Pay close attention to the mintmark locations listed in the book, and identify whether or not your coin has one. Many (but not all) times, the early mintmarked coins are scarcer or somewhat more valuable than those without mintmarks, which were made in Philadelphia. Also remember that the prices listed in the book are a general guide to *retail* prices and that those prices are not an indication of what coin dealers will likely pay you for the coins. Common average circulated silver coins are typically bought by dealers at slightly above the silver melt value (which is actually what they are worth). Honest dealers will usually offer you somewhere within a slightly plus or minus range of the coin's wholesale price for more valuable coins, depending on the collector demand for the particular coin. The most widely accepted wholesale prices for coins are published in the "Coin Dealer Newsletter" (or "greysheet"). Good luck. Amazon listing: Guide Book of United States Coins 2005: The Official Red Book (Guide Book of United States Coins) -- by R. S. Yeoman, Kenneth Bressett; Hardcover Buy new: $10.85 -- Used & new from: $9.90 |
#4
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Jane wrote: My father died and I have inherited a bunch of old coins and bills that he collected. There are lots of silver coins, half dollars, dimes and quarters mostly and a few silver dollars. There a some bills and a few mint sets. It's not really a coin collection as much as a bunch of coins and money that he thought might be valuable some day. He also has ration stamps from the depression, silver colored pennies, buffalo nickels, etc. The stuff is pretty interesting actually. I was thinking of selling all the silver coins together but before I do I want to be sure I don't have any single coins of particular value. I was wondering if there was a book or web site where I could look up the coins that I have. Also, how should I go about getting an honest appraised value on what I have? It's part of an estate and I need to sell it and split it with my sister. This is all new to me and I'd appreciate any suggestions. Thanks Oh, and one thing I forgot to tell you. DO NOT CLEAN THE COINS. It will reduce their value by more than half. |
#5
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"Jane" wrote in message ups.com... My father died and I have inherited a bunch of old coins and bills that he collected. There are lots of silver coins, half dollars, dimes and quarters mostly and a few silver dollars. There a some bills and a few mint sets. It's not really a coin collection as much as a bunch of coins and money that he thought might be valuable some day. He also has ration stamps from the depression, silver colored pennies, buffalo nickels, etc. The stuff is pretty interesting actually. I was thinking of selling all the silver coins together but before I do I want to be sure I don't have any single coins of particular value. I was wondering if there was a book or web site where I could look up the coins that I have. Also, how should I go about getting an honest appraised value on what I have? It's part of an estate and I need to sell it and split it with my sister. This is all new to me and I'd appreciate any suggestions. Thanks So sorry to hear about your loss. http://www.coin-newbies.com/ http://www.coinfacts.com/ http://www.coingrading.com/intro1.html http://www.stanford.edu/~clint/q/ http://www.pocketchangelottery.com/article99.htm http://conecaonline.org/content/glossary.html http://coins.listings.ebay.com/Coins... stingItemList http://www.pcgs.com/prices/ http://www.worksandwords.com/moneym/index.htm |
#6
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My father died and I have inherited a bunch of old coins and bills that
he collected. There are lots of silver coins, half dollars, dimes and quarters mostly and a few silver dollars. There a some bills and a few mint sets. It's not really a coin collection as much as a bunch of coins and money that he thought might be valuable some day. He also has ration stamps from the depression, silver colored pennies, buffalo nickels, etc. The stuff is pretty interesting actually. I was thinking of selling all the silver coins together but before I do I want to be sure I don't have any single coins of particular value. I was wondering if there was a book or web site where I could look up the coins that I have. Also, how should I go about getting an honest appraised value on what I have? It's part of an estate and I need to sell it and split it with my sister. This is all new to me and I'd appreciate any suggestions. For a book recommendation, you can't go wrong with the "Red Book" by Yeoman. You can probably find a copy at your local library-just don't believe the prices listed. It will give you an idea of what you actually have. As for getting it appraised, that is a little more difficult, depending upon the collection. You could bring it to a number of coin dealers for an offer and go with the highest offer. You could have it auctioned off and although you may get higher prices, you also have to pay the auctioneer. Best bet, take a look on eBay and see what coins similar to yours are selling for. |
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