I inherited a collection!

Discussion in 'US Coins Forum' started by Jhonn, Oct 8, 2007.

  1. Jhonn

    Jhonn Team Awesome

    Well, not really...technically, my wife, her older sister, and their younger brother inherited a collection from an uncle I don't think any of them ever even met. The collection has been sitting under a staircase in my mother-in-law's house, and despite the fact that my wife has told her countless times that I collect coins, it wasn't until yesterday that her mom 'remembered' that they had two full boxes of dirty ol' coins under the stairs.

    Let me tell you, I was ecstatic! I brought home the collection last night...rolls of silver quarters, rolls of 40% silver halves, rolls of Franklin's and Walkers, Mercs, and silver Roosies! Exactly $50 face in '35 and '57 silver certs! Several modern proof sets include the 1992 XXV Olympics commem proof set with half dollar, silver dollar, and $5 gold coins!

    But not only that...tons of junk coins I can just turn in at face (thought I'm going to investigate them more before I do), including...10+ rolls of bicentennial quarters, 4 rolls of bicentennial halves, 4 rolls of '79 D SBA's.

    To be sure, I'll be posting lots of pics concerning things I don't know much about, but I think for now, this collection is worth at least a grand. Once I get it all organized, dump the face junk for cash, and get rid of the rest via dealers, they'll split the money...which means hopefully at least $300 - $400 for my wife and I.

    As for key dates? Nada...so far, except for a VF '24 D cent in one of his Whitman folders. I might just secretly keep that one for all my effort! :D
     
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  3. bqcoins

    bqcoins Olympic Figure Skating Scoring System Expert

    excellent, It's nice to find that there are still treasure troves out there just waiting
     
  4. JHar4330

    JHar4330 New Member

    Wow sounds like you will be having fun for the next week or so.
     
  5. Jhonn

    Jhonn Team Awesome

    Definitely. I've got a nice little project waiting for me after work each day now, ha.
     
  6. WoodenSpoon Boy

    WoodenSpoon Boy New Member

    you lucky son of a.. :)
     
  7. huntsman53

    huntsman53 Supporter**

    That should read "You lucky son in law of a Coin Collector"! Why doesn't any family members that I have never met and probably never knew about, ever Will me their' Coin Collection????:confused:


    Frank
     
  8. Jhonn

    Jhonn Team Awesome

    Believe me, I feel the same way! My grandfather left my mother what was left of his own collection, and that was passed on to me some years ago, but it isn't worth much - mostly farthings and worn silver three-pence and six-pence coins (my mum is from Scotland) - and I keep it just for sentimental reasons.

    However, the money my wife and I will get from this is probably going straight into Christmas presents or bills (the wife's orders, not mine). If I alone had been given this set...well, you can bet that I would sell it all...and buy me a 20th century gold type set to complete that portion of my collection, esp. if it does turn out to be worth well over a thousand bucks!

    But, alas...
     
  9. elaine 1970

    elaine 1970 material girl

    lucky you

    it is good that you know the stuff. or else you might just use or deposit it.
     
  10. Phoenix21

    Phoenix21 Well-Known Member

    Wow, awesome! Hope it turns out to be fun for you. If you don't mind me asking, could you post a pic of the 24 D? Just want to see it. Shame you can't buy what you want with the money, but better this than sleeping on the couch! :D

    Phoenix :cool:
     
  11. Jhonn

    Jhonn Team Awesome

    I'll def. post a picture of the '24 D. He has hundreds of envelopes with cents in them, but most of 'em are junk.

    I'll also be posting lots of paper money pics. For some reason, he saved tons of J and K district $1 bills from the 70's. Not sure why, so I figure I better ask before I turn 'em in to the bank.
     
  12. Bonedigger

    Bonedigger New Member

    Well, I'm sorry for the loss of your wife's uncle. He must have loved his nieces and nephews very much and fortunately the collection fell into the hands of those who can appreciate it.

    Congratulations and again, please accept my condolences...
    Ben
     
  13. gatzdon

    gatzdon Numismatist

    Just a thought (and I dont'have a redbook in front of me), wasn't there a variety of the 79 SBA's that carried a premium (wide rim or narrow rim????)
     
  14. USS656

    USS656 Here to Learn Supporter

    The 7th edition Standard Guide to Small-Size U.S. Paper Money; Schwartz/Lindquist - you should buy it!

    The series 1977A "K-G" run could be worth checking out. 74 lone stars are not too bad either.

    Hope you enjoy going through it all! Cannot wait to see pictures! Please post auction information in the open forum when you go to sell them.
     
  15. clembo

    clembo A closed mind is no mind

    Good call Darryl.

    K-G from 1977A did have a mule. Face plate numbers are 2073, 2096, 2098 and 2104.
    Back plate numbers are 3, 4, 5 and 6.

    clembo
     
  16. Jhonn

    Jhonn Team Awesome

    Darryl and clembo: Thanks for the info! In the meantime, I'll be picking up the most current Friedberg general U.S. paper money reference book I can find at the Denver library. I have a feeling the info is not nearly as in-depth as the info in the one you mentioned, but I'll see what I can't find in it. For everything else, there's always Cointalk!

    gatzdon: There is indeed the '79 P wide rim variety. I was hoping they were Phillies, but they're all original bank-wrapped Denver SBA's, I'm afraid.

    Bone: Thanks for the condolences, but I think he's been gone for a loooong while. The collection's been sitting under a staircase for years and years, it seems. But you're right when you say it fell into the right hands. I'd hate to think (though you roll-searchers might think otherwise :D) that all those silver coins could've just been dumped off at a bank for face...*shudders*.
     
  17. Coinlover

    Coinlover The Coin Collector

    pretty neat! i'd keep those 1970's $1 bills just becuase they are old. :kewl:
     
  18. RickieB

    RickieB Expert Plunger Sniper

    3 different $1 notes issued in the Seventies;

    1. Series 1974 Neff/Simon
    2. Series 1977 Morton/Bluemethal
    3. 1977A Morton/Miller

    All of these notes are rather common and range up to 4.50 to 7.00 in ChCu 63 and above.
    Stars are a little more but not much. The Dallas stars are the better notes!

    Post some pics if you have em.....:D

    RickieB
     
  19. Brennn10

    Brennn10 Coins =

    Do you think any of those coins will go up in value in the next 10 or so years?
     
  20. Just Carl

    Just Carl Numismatist

    Note the mint error type coins are becoming a really big thing so check for such errors. Lately even the smallest types of errors are bringing money at coin shows. Watch for the many types possible. If uncertain, check out the many web sites that specialize in error coins.
     
  21. Jhonn

    Jhonn Team Awesome

    Just wanted to keep you guys updated on what I've gone through:

    - Yesterday I dropped $200 in face off at the bank from the collection and in return I received two very nice $100 bills :D. Don't worry, I went through as much of it as I could to check for any obvious/major varieties and errors, but I came up empty handed.

    - Tomorrow I will be dumping the last of the clad stuff off at the bank, basically about $130 or so in SBA's and clad JFK's.

    - Over the weekend, I will be pouring through the HUNDREDS of cent-containing envelopes in the collection in order to separate the wheaties from the memorials, and also I will be heading to a local coin shop to pick up lots of tubes for all the silver coins and the wheaties worth selling, and a few note sleeves for the few notes that are worth something.

    With that all done, the collection should be organized and fit to sell. Then the money from that will be combined with the clad/junk money from the bank and split three ways amongst the 'owners' of the collection.

    Here are some notable coins/notes I've found already:

    - Series 1953 (I think) United States note (red seal) star note (!) in VF condition. I think the district on this one is K. Looked it up and the value seems to be somewhere around $50 or $60!

    - A very nice AU-58/MS-60 "slider" 1950D Jefferson nickel. Actually, this thing looks about just as good as the MS 1950D in my collection!

    - VF/XF 1924D cent. Nice eye appeal, I think this one leans closer to XF than VF.

    My wife said I could keep one coin for my effort...think I'm gonna keep both the nickel and the cent as my reward, hehe. :)
     
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