Want to jump into coins - Sound strategy?

Discussion in 'Coin Chat' started by TylerH, Aug 6, 2018.

  1. TylerH

    TylerH Well-Known Member

    Hi All

    I think I want to make the jump in here - I have a bunch of silver dimes / halves - some have green PVC goo, most don't - But I want to sell these for the cash to start an actual collection. What is the best way to do this?

    Should I take the green ones to someplace and sell for melt? Do the halves - Franklin and Kennedy 64 - (They aren't all in bad shape) be sold individually, in groups, etc? Same question for the 250 silver Roosevelt dimes I have.

    Are there any variations i should look for before selling?

    Thank you - I think I want to focus on Early-ish American coins for now, just kind of based on the history of them and having a revolutionary war linked family member, I kind of like that era.

    This pic represents sort of the level of stuff I have now - Would rather have one nice example of each than a bunch of OK ones

    Also - I realize I just joined and have been asking a lot of questions and Im sorry. I just have jumped into hobbies too fast before and gotten burned so I want to be cautious!
     

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    alurid likes this.
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  3. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Caution is good . . . I think you should buy a book before buying coins. You can learn much faster reading a book than you can asking questions and waiting for answers. I'd recommend the Coin Collector's Survival Manual by Scott Travers as your first purchase.
     
  4. alurid

    alurid Well-Known Member

  5. green18

    green18 Unknown member Sweet on Commemorative Coins

    How'd ya wind up with the gooey ones?
     
  6. Dillan

    Dillan The sky is the limit !

    Caution , check is a guide for key years with the Morgan dollars. Do as the others suggested . Research this all prior to selling , most of what I see in the pics is better then melt prices. Do not let anybody scam them from you , deal with people that have a proven track record especially if you contact eBay dealers. There are some great honest eBay sellers that may buy these from you . Always check their feedback and be thorough. Welcome Tyler to Coin Talk , this is a good place for honest advice, and great people with years of knowledge. Buy a book read , read some more and then read it all over again. Good Luck on your new venture. Dillan
     
    Randy Abercrombie likes this.
  7. green18

    green18 Unknown member Sweet on Commemorative Coins

    Yeah, but how did he wind up with the 'gooey ones'?
     
  8. green18

    green18 Unknown member Sweet on Commemorative Coins

    Sam Donaldson (dead for so long) wants to know.......
     
  9. TylerH

    TylerH Well-Known Member

    LOL - These were ALL my grandmas. She would throw them in a jug when she got them as change - and at some point she tried a little sorting by year and when I got them they had been in pvc holders for at LEAST 15 years -

    Since i hear that damage is pretty severe thats why I was thinking sell the gooey ones for scrap and then do whatever with the rest!

    As for the morgans, no key dates per my internet research - no rare mint marks either!
     
    Kentucky likes this.
  10. Kentucky

    Kentucky Supporter! Supporter

    Actually the PVC damage doesn't have to be too crippling. Get a container of pure acetone (you can always use it later in your collecting life) and soak the sticky ones in the acetone in a glass container with a cover to prevent evaporation. Change the acetone a couple of times and then let the coins dry out (probably outside or in a room with GOOD ventilation). First thing though...get a Redbook (A Guidebook of United States Coins - R.S. Yeoman), doesn't have to be a new one, but the information is first rate. The prices are not realistic, but it will let you know which the more scarce ones are by comparing prices with the common ones. Happy Collecting!
     
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