Hello, greetings; I'm new to the forum. My late father-in-law had an amateur collection spanning around 1964-1972; most of the rolls are within that time period, but there are also some much older coins. I'll start with the pennies, with the largest number being 1964D, around 43 rolls. Smaller numbers of rolls up to 1975. All coins appear uncirculated, here's representative pictures. Before I go blindly to storefront shops, can you all give me some idea on how much, if any, these are worth beyond face values? Thanks!
Welcome to the forum! Those pennies are VERY VERY VERY common (many BILLIONS minted). You will get little if any premium for them from a dealer. I'm not trying to be snarky here, but you might be better off using them to fill your gas tank. Wheat back cents (pre-1959) are another story but you won't get a lot for them unless you have a scarce date. If you have any silver dimes or quarters minted before 1965, those are at least worth melt. Half dollars were 90% silver up until 1964 and 40% silver from 1965 to 1970, and you will get a premium for those.
Thanks! If Roosevelt 1964 dimes have a Silver melt value of say $1.41, what's a reasonable price a dealer would offer to buy them at?
Again a very high mintage ....if melt is $1.41 ea. You may get close to that depends on spot silver price ,and if the dealer can use them....if you look at all the mintages of 1964 you will notice the mint was very busy... yes there's value but only in the silver...nada for the date and mint mark.
Before you just spend them I would advise to cherrypick for possible errors and varieties,these websites should help,good luck!!. http://varietyvista.com/ https://www.error-ref.com/
Welcome to the forum! If you have 1970 S or 1972 rolls they would be worth checking for errors or varieties. Some of the other dates will have things to look for also. Check the link that potty dollar posted.
I agree check all the 1972 coins very carefully for doubling. Don't clean any of them. Check for 1970 S high 7; this variety has a weak LIBERTY. Edit. 1969 S doubling as well. Very unlikely but one would be a jackpot.
@Joseph008 ….as you can see, there are a lot of things you could do with these rolls…but just for grins I want to do 1 exercise on one of your rolls: A roll of 1964-D Lincolns…let us say the 50 coins in the roll are all uncirculated, and that they are all MS60. At USA Coin Book an MS60 currently lists for a value of 17 cents. This computes to $8.50 per roll, so if you had 43 rolls and all the coins were the same MS60 grade then all would total $365.50 based on the stated listing. There are many things wrong with the preceding excercise: 1. Not all the coins in the roll will have the same grade…some will be better grade, some will have die deterioration and some will have variety attributes like doubling and RPMs. 2. Other sites will list a different value for the exact same coin. 3. Dealers and Local Coin Shops will buy at a discount so they can make a profit when they sell. (There are too many other reasons that I won’t list just to keep this simple) In summation, this exercise is flawed because of the many variables that exist and are inherent when working with coins. The variables greatly influence the value of each coin. You have gotten some great advice already from @manny9655 @Paddy54 @potty dollar 1878 and @Razz I reiterate their advice; to process these rolls as they deserve will take some time and work, but you will be better off. You just may find some valuable varieties or some gem condition coins…imo…Spark
Thanks for all the advice! I'll educate myself & check for those collectable rarities. There's a few oddball coins in there as well.
@Joseph008 If you are going to attemp to cherry pick the lot you'll need to use varietyvista.com, wexler.com for references. What is every thought process for us collectors isnt for the people like Joe. They inherited a coin collection ,are clueless as to the value/ non value coins. Most want the money ...with little to no concerns if the coins are of value....as there's no interest. Which was the basis of my reply.... It be really nice for Joe or any other person whom does inherits a collection finds themselves really interested. 9 time out of 10 their main objective is to rid themselves of the coins. And get any money they can for them. Unless Joe ....Jack....Susan.... Peggy.....etc...developes a interest the only prize is the bottom line they can get for the coins. Plus in some cases all of the above have an interest in the coins. That said many times the items are liquidated to pay out any monies due to those on the will. I would love to see Joseph to get involved but realistically do you think it will happen? And I say this not as a put down but being real...Joe is a very nice person....however he doesn't have the passion that we collectors do. That said I wish him well ,and hopefull that perhasp a spark will light a fire and he starts to enjoy the same things we all do..... collecting money.
Well, actually I've kept a small collection (20-30) of late 1800s/early 1900s silver dollars that my dad gave me 50 yrs ago. I am going to keep some of these too, but going for quality & a size the grandkids can process. For example, I might keep 2-4 roles of 64d pennies- but not 42 rolls! And in selling things, I'm not a haggler, just looking to avoid being taken advantage of (which a quick review of my area shows Does happen). And that's got more to do with respect for my father-in-law (RIP) than the math.
You could start by taking a few individual coins from each roll. Photo them anf post them here. Good quality coins should get a more than fair price per roll. I would be happy to help you get an idea of their grades. There are many of us that also have a good eye for Variety's and Errors. Welcome to CT.
I wouldn't bother with errors and varieties. I have a tin full of copper pennies sometimes I think of just dumping them in a Coin Star.
Easy for you to say, one Small date 70S in MS RD, 72 doubled dies in MS RD, the list goes on. Who knows what are in the rolls. There is no way I could pass up searching them.
Hello again, and I apolgize for the long delay. A cross country move and new family responsibilities (fortunately happy ones- grandchildren) are maxing out my waking hours nowadays! I took some pics of representative coins from the 1964D rolls. The dimes and quarters look truly uncirculated, the pennies - all are shiny, but some look lightly circulated. I haven't seen any Variety & Errors yet. I know the 1964 (& earlier) silver dimes and quarters may be appraised by melt value, possibly over face value. I'm not sure about nickels (1940s-60s). Also, I have rolls of Kennedy and Franklin half-dollars, uncirculated, but I guess only the 1964 ones (silver) have value over 50 cents..? Thanks for any help, it is much appreciated.
Hi @Joseph008….. if you have Kennedy halves dated 1965 to 1970, they are also 40% silver and gold about $3.50 each in silver value at current spot silver rates. It can be easy to overlook them sometimes. Welcome to the very addictive world of coin collecting!