1983 2 1/2 Dollar

Wouldn't that require taking it out of the plastic case? Wouldn't that risk damage to the coin?
If not how would that be handled?

 

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Have tried to figure out how to PM you with no luck. Guess I will have to ask instructions, sorry to be so stupid.

 

Thanks, I am looking into finding a reputable dealer that would act as my intermediary. Not making much progress with the Holidays.

 

Yes, it would involve removing it from the holder, but that can be done with no impact to the coin and most likely none to the holder.

If you PM me, I'll tell you how you can contact me, and we can talk in private

 

if a dealer here gets to see the coin, it would be great to actually see better photos, out of the holder, looks like a real nice 2 1/2 dollar.
Good luck with the collection @Illinois Newby, I would trust both Mike and Maine Bill to help with your coins.

 

Nice coin...and real no doubt. Leave it alone in it's holder but have a pro. look it over for a price estimate.

 

I would trust @mikenoodle with it, if the distance is not an issue. He is someone I can happily vouch for.

 

I just caught on to this thread. What news on the coin?

Oh, and I think it was mentioned, the coin is 1893, not 1983. Such coins were not being minted in my lifetime!

For what it's worth, I'm not a gold collector but I would second the notion of sending it to NGC or PCGS. It will give you peace of mind about the coin's authenticity as well as give you a little stronger position at the negotiating table if you ever wanted to sell it. It is likely worth over $1000, and possibly a lot more if it grades in the mid-MS range.

As to removing it from the holder, yes, you would have to do that. Those holders are easy, though -- it's just a few screws. If you do so, keep these things in mind:

1- Do *NOT* handle the coin by the large surfaces. We like to hold coins by the edges only. It's best to either use a pair of tweezers specifically made for handling coins, or to wear white gloves when doing so. Handling by the surfaces will cause your fingers to leave behind oils which will impair the surfaces over time. Your coin appears to be rather flawless in that regard -- keep it that way!

2- Do *NOT NOT NOT NOT NOT NOT* clean, polish, wipe, or otherwise disturb the coin IN ANY WAY. Just take it out of the holder and put it into a "flip" for shipping to the slabbing company of your choice.

My last bit of advice (shameless plug): Consider joining the American Numismatic Association and taking their correspondence courses for beginners. They have an introductory course, a course on grading, another on detecting counterfeits, and a few others. You do not have to take the final test and pay a big fee unless you want to receive a certificate. I've done the courses without the fee, final test, and certificate and am happy I did so. They are currently revamping the courses because they are a bit dated (the grading course has been completed!). Their web site is www.money.org

 

Just going by the pictures posted It looks no less than a 6.

 

I agree with you, Michael. Leave it in the holder and put it away like your dad did. Nice coin!

 

Late to the thread, but I agree with having this graded, especially if someone can piggy-back it onto another order and save all the shipping and handling fees that really drive the cost of a 1-coin submission way up. I'd offer to help (also in Chicago area), but you already have qualified people assisting you.

You've come to the right place to learn about what to do. The average person would have taken it to a CAS$S$S$H FOR GOOOLLDDD!!!!111 place and been given $60 for it. The next step up from there is getting a low-ball offer from a coin dealer buying a raw coin and giving you all the BS reasons and sob stories for why they can't offer more than melt (about $160). Once it's graded, you have much easier access to buyers that will pay up for what it is. If it grades MS64, you should be able to get a buyer at $700 will little problem.

While the coin does look to be in excellent shape, the pictures don't tell the full story. Whoever handles this coin for you will take a closer look to make sure it really is worth having graded. There are defects and problems that can hide in photos.

In short, you're doing everything right so far.

 

Thanks for the advice, I may just take that correspondence course. I knew nothing about it but will look into it. Thanks again for your time and response.

 

I definitely will look into having it graded. Dad never said much about his coins; but he did say, "there are a few good one's, don't sell it all as one lot, check it out before selling any." seems like he does indeed a a few good ones, I just need to keep looking. Thanks for your time and response.

 

It looks genuine & extremely nice to me.
I have a 1906 Liberty Head that looks similar, but I can't find the pic at the moment.

Get a Red Book for reference to look up some of the other coins that might be worthwhile. But take the prices listed only as a ballpark reference price guide.




There are many trust worthy members here on CT for good advice.

 

For all those people shooting high numbers this coin is a pcgs 62. As the grades go up they get tougher and tougher I think the ops coin will go from 62-64 from the pics

 

Thanks, I do have a 2016 Red Book and from what I have seen most of the values in it are rather on the high side. would you agree?

 

This is a thread going now, on Photo grading, it has a lot of pointers in it, unfortunately one can not view enough coins in hand, to get a good feel for Grading, a lot of us look at Photos, to try and hone some of our skills.
You might want to check it out.
https://www.cointalk.com/threads/le...t-a-ton-of-coins-of-ebay.308133/#post-2950263
This is one of many that are in the archives of CT,
Just click search.

 

OK I did weigh the coin on 2 different analytical balances the weights were
4.176 g and 4.1762 g

 

4.18 per Red Book. Looks like yours is within the accepted tolerances. Yeah !