Going through dead uncles attic found coins

Discussion in 'US Coins Forum' started by shaner, Feb 13, 2015.

  1. shaner

    shaner Active Member

    I did look on eBay...what's funny is I noticed another coin with what appeared to be the same markings just not as pronounced.
     
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  3. Rassi

    Rassi #GoCubs #FlyTheW #WeAreGood

    That would make sense as if it's a die crack there most likely would have been others produced with the same markings, perhaps quite a few.
     
  4. coinman1234

    coinman1234 Not a Well-Known Member

    It is very possible, the coin on ebay was most likely made from the same dies. There will be many other coins with the same exact die cracks as your, made by the same dies.
     
  5. foreverEBG

    foreverEBG Member

    make sure when you use ebay you look up sold/completed items as rhat will give you a better idea of what the item actually sells for.. but remeber thats just one source also try auction houses like stack bowers and heritage
     
  6. shaner

    shaner Active Member

    Right...I've been selling on ebay since ebay opened...im not a business, just casual, my wife and I sell items we find out and about, yard saling etc..2000 feedback.

    So my next question is... the dirt and green looking substances on this coin, does that stay on it after its graded? They seal it like that? Can you brush it off without hurting it?
    The coin isn't being touched, nor am I going to, its just that this whole new thing and I have questions.

    I've been poking around the site... really good stuff here. I love the Canadian double hit thread for 20 million lol.
     
  7. coinman1234

    coinman1234 Not a Well-Known Member

    NO, It can't, Never attempt to brush it off, no matter what you do, it IS gonna hurt it!! Collectors like that color, some colors pay more for a coins with that aged patina. Like I said, if you do ANYTHING to the surfaces than the value will go down exponentially. Grading services will seal it like that, if you remove that color than the coin will look horrible to collectors with a trained eye, it may look shinny to you but the coin has been destroyed and not many people will want to buy it, I would pay the extra money for an uncleaned coin than a cleaned coin. You can pay the extra money for "Coin Conservation" but I wouldn't, I like the toning this coin has.
     
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  8. deacon2828

    deacon2828 Active Member

    Ok boys and girls what does this coin grade ???
     
  9. coinman1234

    coinman1234 Not a Well-Known Member

    EF-45 at the least, I'm thinking AU-50
     
  10. deacon2828

    deacon2828 Active Member

    I am going out on a limb at a 45 :)
     
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  11. ksparrow

    ksparrow Coin Hoarder Supporter

    I'll guess AU50-53
     
  12. shaner

    shaner Active Member

    :confused::wacky::banghead:
    I read the thread on how grading was created.... still don't get it lol
     
  13. green18

    green18 Unknown member Sweet on Commemorative Coins

    Many of us here are clueless too......... devil.gif
     
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  14. foreverEBG

    foreverEBG Member

    i view the philosophy of keep patina as a methodical collector of any coin is like telling its history. pitting kinda means exposure to outside elements, minor scratching=whizzing/polishing, etc. and encapsulation signifies that its a certified commodity in a market. Mainly a form of guarantee. al least thats how i would explain it and how it was explained to me.

    Dony go anywhere but pcgs, npc, anacs in my opinion.
     
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  15. foreverEBG

    foreverEBG Member

    also if you buy 2x2 flips which will be the recommended means of storing until ou're able to encapsulate make sure ou do not get the ones made from pvc as pvc has a residue that will turn copper and especially silver green and it will deter from value
     
  16. shaner

    shaner Active Member

    I am going to look for a "flip" tomorrow. Doesn't the dirt harm the appearance? How do they grade a coin with crud on it?
     
    Last edited: Feb 15, 2015
  17. foreverEBG

    foreverEBG Member

    a coin is graded b observing the highest points of a coin and through a grading scale. the lesser the details the lower the grade. a good example would be the buffalo nickel. a buffalo nickel in high grade will attract a greater value than one in lower grade. and es cleaning a coin is horrible even if there is green copper corrosion but that is also exactly why your 1803 draped bust dime is worth what it is is because it does not appear to have been cleaned ever and has original patina. until recently cleaning a coin was common place in numistmatism and collectors of the past would do radical things to clean a coin. Whizzing is where someone took a dremel drill and used a wire brush or sand paper bit to get patina off marring the coins field and devices.
    also a "Flip" is a slang term for a 2"x 2" plastic sleeve that protects a coin get archival grade flips and itll be fine. Even having the coins loose in a bag clanging around can add a scratch or ding that will detract from its value.
     
  18. bearze34

    bearze34 Active Member

    There are lots of these finds on E-Bay but it is usually found in "grandpa's attic". I have never seen coins found in an uncles attic. I wonder what the probate situation would be if this was a very valuable stash of coins? There may be people coming out of the woodwork if there is a sizable payout.
     
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  19. shaner

    shaner Active Member

    The aunt and uncle didn't have any blood children, they adopted. When the house was to be sold everyone was to grab what they wanted.

    I was told I could look through and take/have what was left. Which is what my wife and I did. She is his blood.

    Having been sort of raised in a car resto shop, local hangout, and going to swap meets...I'm a bit of a snoop, raise floor boards etc...I didn't find anything under loose floorboards, but no one cared to look in the small boxes or simply brushed aside the non interesting looking boxes instead of looking in them.

    We didn't steal anything, my brother in law took many things, so did the aunts, sister, etc...

    They didn't want them then...hell, most of the attic was untouched.

    If you were in a relatives attic, told to take what you want, and there were boxes still taped shut, or things wrapped in cloth...wouldn't you look in them before leaving?

    My wife and I were the last ones to look.

    If they do come out of the woodwork, are they going to split what they got with my wife?
     
    Last edited: Feb 16, 2015
  20. shaner

    shaner Active Member

    Couple of things are bothering me bout this coin.

    If you go to ebay and look at the other coins like mine there are some things I find odd.

    The stars appear to be totally wrong, they aren't the same, the stars on the coins on ebay seem fatter, mine are thinner.

    Another thing, I went to pcgs website where I noticed a price guide.
    The price guide lists two different coins for 1803. A rare, small 8 and a large 8 (from 1803). Which do I have?

    Using the grades you guys listed, the large 8 is $7-$11,000
    Looking at the small 8, its allot more.

    What gives?
     
    Last edited: Feb 16, 2015
  21. BadThad

    BadThad Calibrated for Lincolns

    Do not do anything to this coin other than to put it in a holder for safe keeping.

    When you submit the coin for grading, PCGS & NGC offer conservation services for an extra fee. I would go ahead and do that, they will only conserve it if they feel it needs it and, after conservation, they will grade and slab it.
     
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