How to store and what next

Discussion in 'Coin Chat' started by Goldee, Jul 4, 2016.

  1. Goldee

    Goldee Supporter! Supporter

    We bought a roll of Morgan's, Franklin halfs and peace dollars about 84-85. Suppose to be ms63 and been in storage ever since. Bought full set of Bush/Gore set from Washington mint in 2000. Picked up junk quarters, Mercury dimes, Roosevelts at an auction. Inherited a hand full of coins in 1992 and again in 2016. Bought a couple rolls of peace dollars. We paid to much for everything. I'm not a collector. Purchases were done for diversication.

    Finally, finally bought a Blue book and started doing a little research and understand how much I don't know. First question: coins bought in 84-85 are in a stackable. Would it be better to put them in individual plastic flips for the near future? 2. We are thinking about having them all graded by Pcgs would conservation by their sister organization first be a good idea? Thanks for any help.
     
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  3. smarch

    smarch Active Member

    Pretty much the standard answer is, "show us the pictures". Also knowledge of dates and condition are important. Thanks
     
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  4. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    @Belinda Charpentier

    Just because the Morgan, Peace and Franklins are supposed to be MS63 doesn't mean that you should submit them for grading. If they are all common dates, then I would say, "No!"

    If by "stackable" you mean that they are in coin tubes, you might want to put them in Saflips or 2x2's.

    Don't use the values listed in the Blue Book, or even a Red Book, to determine values. The values are probably lower.

    Chris
     
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  5. -jeffB

    -jeffB Greshams LEO Supporter

    You say "you paid too much". We can't know without pictures (and maybe not even with), but tossing them all to PCGS sounds very much like it would be throwing good money after bad. Again, pictures may change that opinion.
     
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  6. ldhair

    ldhair Clean Supporter

    Don't have them all graded. It will be a waste of money. Post a few images of what you feel are the best coins.
     
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  7. Goldee

    Goldee Supporter! Supporter

    Thanks. I have a microscope with camera bought 6 months ago. Finally opened it but no manual and password doesn't work. Hope to get it working tomorrow and I'll take pictures once set up. The firm we bought coins from in 84-85 was Blanchard. But standards might have been different back than. Thanks, guys. I appreciate your help.
     
  8. icerain

    icerain Mastir spellyr

    The Morgans and Peace dollars in Unc. grades can be stored in Saflips if you are planning on grading them, handle them carefully. If you plan on keeping them for yourself then use airtites. The Ikes depending on year and type are really just silver value. Some of course are worth more and should also be stored in the same manner.

    Junk silver coins can be stacked without a problem. Also instead of using the Red or Blue book for pricing, use them for reference. Use online auction sites like eBay and Heritage Auctions to determine values.
     
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  9. SuperDave

    SuperDave Free the Cartwheels!

    "Appropriate" storage depends as much on atmospheric conditions where you live as anything else. The common factors are to keep them from atmosphere and humidity; the degree of paranoia you need to employ will be different for someone out in the country in the drier West than for me in Philadelphia. If your coins have survived nicely in the stackables, you can afford to research and make decisions based on factors other than strict protection.
     
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  10. Ericred

    Ericred Active Member

    1. Good information, I learned alot from everyones posts, thanks
     
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  11. Goldee

    Goldee Supporter! Supporter

  12. Goldee

    Goldee Supporter! Supporter

    The Morgan is from my Dads coins. I assume he bought it from a pawnshop. Didn't know he had any old coins. Would it be a good example of a harsh cleaning?

    I'm making progress with the microscope but it may be to strong. My nicer coins are in a box at the bank. It will be a couple more days before I can make a trip. Going to continue to struggle with the scope. Thanks.
     
  13. joecoincollect

    joecoincollect Well-Known Member

    That 1921 Morgan is very common. It looks like it was lightly cleaned long ago, although I do see some scratch damage on the reverse in front of arrowheads and perhaps in a few places on obverse. Even without the damage, the light cleaning might be acceptable but the grade of the coin is so low that you wouldn't get much over melt value. If that was your dad's, it is priceless and has sentimental value that exceeds silver value. Take good care of it and label it so the next family member that gets it knows who originally owned it. As for the Washington Mint, I think that's a coin firm I'd stay away from. Generally, any firm with Mint in their name is trying to sound like a govt mint and confuse customers. Plus, they probably overprice coins. The best way to buy is be informed. Therefore, read a few basic coin collecting books that run the gamut of collecting, then start buying slowly.
     
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  14. Kentucky

    Kentucky Supporter! Supporter

    Grading and slabbing is moderately expensive and will only pay for itself on the more scarce coins. Take advantage of the free advice you can get here. Don't be in too much of a hurry.
     
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  15. Goldee

    Goldee Supporter! Supporter

  16. STU

    STU Active Member

    if they are like the 1921 save your money it is not a ms63 look for low mintage dates if you got them in a roll chances are they have been picked thru long ago
     
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