Thread: NEW HERE!!! Inherited Collection

Originally Posted by cpm9ball

Is that cocobolo?

Chris

Striped Ebony...

Welcome

Originally Posted by areich

Welcome

Thank you

Nice stuff.
And welcome.

stop teasing us, I WANT MORE PICTURES OF THE COINS!!!

Originally Posted by zachfromnj

stop teasing us, I WANT MORE PICTURES OF THE COINS!!!

What pictures would you like to see...Ill take some more...

Originally Posted by Blaubart

Welcome aboard!

First thing I would do with the coins is nothing. No, really. Let them sit while you learn about them. Don't sell them en masse to a dealer, don't clean them, don't break them out of their slabs, etc.

*If* you believe the price of bullion is going to continue to fall, *and* you need the money, I would start with those because it's easier to get a fair price on bullion coins. But that's your call because everyone has a different opinion about what the future holds as far as bullion prices go.

As for the coins that have numismatic value, that's where you really have to hit the books. The value of them isn't going to rise and fall as rapidly as it does with bullion coins, so time is on your side.

This might be the most important advice you will ever get anywhere. "DO NOTHING"

Look, learn and listen in the mean while. Give yourself 2 to 5 or more years to make any big decisions - reductions or additions. My bet is that after you learn enough, you will be adding to the collection and not subtracting.

Consider yourself very fortunate to land here to get such fine advice. Put the coins and bullion in a very safe place and don't tell anyone. The last thing you need is for some bum to show up and steal them.

As you learn, you will be able to sort and make lists with more confidence. Pause and pause long. Consider your gift from the relative a longterm blessing.

Post pics on the coins that stump you. You will receive a bountiful of good hearted and knowledgable guidance.

Hope I don't sound too fanatical, but in todays world, coins/bullion in a quiet silent chest may be one of your best potential investments.

And welcome to CoinTalk.

I agree with the above. This collection looks serious and it would be very prudent to wait before you make any decisions on what to do with it. I'm betting that after a few years when you learn exactly what you have, you will simply become a collector that has some prized coins. Somebody has spent their life putting this collection together and has blessed you with their effort. Welcome to the forum and believe what these experts tell you, there is a wealth of numismatic knowledge at your fingertips on this board.

I noticed in the photo of the silver dollars that you have 5 PCI slabs and one NTC slab. NTC is notorious for overgrading, and PCI can be "hit or miss" because they went through a lot of hard-times years. Neither of these will generate the premiums associated with NGC and PCGS.

Chris

Where are you located??? We might be able to help out find an honest coin dealer.

Originally Posted by sunflower

This might be the most important advice you will ever get anywhere. "DO NOTHING"

Look, learn and listen in the mean while. Give yourself 2 to 5 or more years to make any big decisions - reductions or additions. My bet is that after you learn enough, you will be adding to the collection and not subtracting.

Consider yourself very fortunate to land here to get such fine advice. Put the coins and bullion in a very safe place and don't tell anyone. The last thing you need is for some bum to show up and steal them.

As you learn, you will be able to sort and make lists with more confidence. Pause and pause long. Consider your gift from the relative a longterm blessing.

Post pics on the coins that stump you. You will receive a bountiful of good hearted and knowledgable guidance.

Hope I don't sound too fanatical, but in todays world, coins/bullion in a quiet silent chest may be one of your best potential investments.

And welcome to CoinTalk.

That was one of my first ideas, just sit back and wait....there is a few weeks of just going through these coins, and cataloging them..I believe this to be a abnormal collection, there is a lot of coins, It took me 9 weeks to go through what you saw pictured.

I am not one to jump the gun, but not knowing is a big handicap, and these forums turn up some great people and results.

thank you to everyone that responded...

Originally Posted by Elapid

I agree with the above. This collection looks serious and it would be very prudent to wait before you make any decisions on what to do with it. I'm betting that after a few years when you learn exactly what you have, you will simply become a collector that has some prized coins. Somebody has spent their life putting this collection together and has blessed you with their effort. Welcome to the forum and believe what these experts tell you, there is a wealth of numismatic knowledge at your fingertips on this board.

Yes I agree..I have collected other things in my life, a few cars, and some pool cues, but never coins and paper money.

The collection goes back to the 30's and 40's to my grandparents, thats where it started. Some of the rarer coins and such were sent off to be grades, and stored in a safe, the rest are in what I believe to be in great shape.

I believe the more the economy tanks and people sell their coins, the more I will be glad I have kept mine.

Originally Posted by cpm9ball

I noticed in the photo of the silver dollars that you have 5 PCI slabs and one NTC slab. NTC is notorious for overgrading, and PCI can be "hit or miss" because they went through a lot of hard-times years. Neither of these will generate the premiums associated with NGC and PCGS.

Chris

Yes there is slabs of many grading companies..most are NGC and PCGS, only a few are PCI. I may have those coins re-graded and keep them. depending on the cost.

BTW, Do you still have that Joss West?

Originally Posted by ejmunden

Where are you located??? We might be able to help out find an honest coin dealer.

I live in Pa, right outside Philly, the coins are in upstate PA.

just take a boat load of pictures of all the coins and if we see stuff that we think is valuable we can ask for more specific pictures.