I have a problem...well not exactly a problem...a wonderful challenge. As some of you know I am sorting through thousands of coins that my Grandfather and Grandmother buried in the late 30's. I am overwhelmed. I want to keep all the collectable coins and would like to cash out some of the "junk". As silver prices continue to spiral upwards I have mounting pressure. I have pretty much gone through all the coins. They include: Mercury Dimes Roosevelt Dimes Standing Liberty Quarters Washington Quarters A few Barber Halves A BUNCH of Walking Liberties...especially 39D's in AU-MS (like at least 13 rolls) etc. Morgan Dollars Peace Dollars I have hundreds of highly collectable ones that I have put in the 2x2's, graded and valued that I plan on keeping for ever, but I also have thousands of others that are in great shape...just common dates. But as I look through again and again I notice the condition of some is so good that even though common they are probably worth more than "junk". As I said, I have pretty much sorted them out and have them in rolls according to dates etc. My delimma is that I am not EXACTLY sure which to label junk and which ones not to. If you can't see the date I assume that that would be considered junk for sure. Right? As I stated, I have thought about cashing out some of them and buying some gold coins that don't take up so much room. If silver goes high enough, I might even be able to retire a couple of debts on some property I own. Or should I just put it all back in the ground and forget about them and let my grandkids deal with them someday!?!:rolling: Your thoughts and advise would be appreciated very much. Thanks!
help... the ones with no date deserve another look. there are coins that have certain features that must be checked before letting them go to the melting pot. i would examine them carefully. especially if you have any buffalo nickels with no date because some have been minted with "3" legs as one example. and there are some with double die lettering and so on. the red book can help you quite a lot with these varieties and other good books on coins. also there are many vams and such with morgan and peace dollars worth a second look. hope this helps. steve
i would sell the common dates to dealers - many have buy sheets - this gets them into the hands of collectors and not crucibles to be melted. keep those that you feel have the best eye appeal and make sure you dig for varieties - you might discover a new one along the way. i don't think i would part with any coin until i've made certain it's not a rare one that i overlooked! any money you make over face is free money - heck, it was all free... -Steve
If I were you I would keep all the AU-BU and key coins. The rest I would sort by grade and then sell them on e-bay or at a coin show and try to get better then bullion or grey-sheet bid. Silver looks to be on the rise. Hard to tell when it will peak. I would consider sell no date coins if they don't have sentimental value. I you don't need the money right away sleep on it for awhile. Good Luck! Allen
I am looking right now at the Standing Libertys hoping I might have overlooked a 1916 or say a '23 S! That would be a sweet find! I have no buffalos except what I had in my original collection. Only silver coins. Thanks for the input!
after going through them amd cataloging them i would put them away for the future . try to interest them in coins. i think that in twenty years my grand sons will be thirty and the coins will only be that much harder to find. you will always have the metal value and the coin value . that is if you don't need the money. if decide to make up sets you can also use the extras for trade for the ones you dont have. rick
They are y0ur c0ins, y0u have t0 decide what y0u want t0 d0. I find it very strange that an 0lder c0llecti0n d0es'nt include any buffal0 nickels 0r wheat pennies!
AUBU2, I do have buffalo and wheat pennies in my original collection that I started back in my High School days. However, the coins I am presently going through were buried by my Grandfather and Grandmother in the late 30's and it was ONLY silver coins. Having just gone through the depression I gues they didn't trust the banks!
