pennyman101

Hi im new to the page. I have just started to coin collect could ya guys help me out a bit. I have a 1904 indian head penny in VG-8 condition what is it worth? I aint got very many coins and don't have much money so i'm basically looking for coins on the ground or searching my moms pocket change ha ha. well gotta go for know
Pennyman

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Hedderick

Great way to start. Most of us did it that way. Common Indians in that grade usually are worth a dollar or two. Did you pick that out of circulation?

Crito

Go to your local Books-a-Million or Barnes and Noble and grab a Whitman Indian Cent album and Red Book ("A Guide Book of United States Coins", it's red). Also, a few resources on web that should be useful:
http://www.coinfacts.com/Administrative/home.html
http://www.numismedia.com/fmv/fmv.shtml

you don't need a lot of money to have a lot of fun with coins :wink: I was playing with my circulated Mercury dimes today, as a matter of fact. hehe... picked up a used "old style" Whitman album for $10 (lays flat, but no hole for micro S) and was moving them around. Guess I need two circulated sets now, one for each kind of album

pennyman101

Hey hederick thanks alot for the info. As a matter of fact I moved into a house right around where I live know and we were renting it for a while. Well the land lord (that lived there prviously) had a pretty big garage in the back that he said we could have anything in it and we (my family) found a little leather pouch. We took it inside and dumped it out into a cookie pan and looked through them every one of them and that was the only good one other than a couple of newer kennedy half dollars and I kept it ever since.

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pennyman101

Hey Crito thanks for the info im going to the local barnes and noble book store to get a red book and maybe get a couple of other references. How much do those red books usually cost?, because it will be a few before I can get down there Thanks again
Pennyman

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mbbiker

If the halves are dated 1964 they are 90% sliver and if their dated between 1965-1970 they are 40% silver.

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Crito

the hard cover red books are $12 retail, last time I bought one (still using my 1999 copy). they have a spiral bound version for a little less. krause also prints a similar reference for US coins, which B&N carries... has roll prices in it, which red book doesn't.

pennyman101

Hey critto thanks for the info
Pennyman

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Tbirde

Don't forget, in a pinch a library may have an older copy you can peruse for free until you get one of your own.

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pennyman101

Hey thats a great idea!! I will go to the library right down the road here and get one here in the next hour thanks for the idea.

Pennyman

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Peter T Davis

Yes, I'm big on recommending public libraries as well. Mine has about two dozen on the shelf about coin collecting, and a bunch more available through inter library loan. So, don't forget to ask the librarian what inter library loan system you can use, and check out what's available there too.

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pennyman101

Hey thanks for the info on inter library loan.
Pennyman

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Bill Henderson

Do you have a local coin club? Also, check out the ANA. http://www.money.org

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pennyman101

Hey bill i'm not shure about the coin club I'm trying to find out where one might be around here!!
PENNYMAN

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Marotta

I am surprised that no one recommended buying supplies from a COIN DEALER. Sheesh...

As for Barnes and Noble, I tend not to shop there. They are a PUBLISHER with a retail store. As a writer, I see that as a conflict of interest, as when a grading service sells the objects they have graded.

I once interviewe one of the Lincoln Cent authors -- Kevin Flynn or John Wexler, I think -- and he said he got started when he was in the Army and all he could afford to collect was the change in his pocket and he noticed these small differences...

You never know where it can lead.

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