Inheritted coin collection

Discussion in 'What's it Worth' started by bluegrass, Feb 26, 2005.

  1. bluegrass

    bluegrass New Member

    Does anyone have any sugestions....I have inherited what seems to be a very good coin collection....I know nothing about these....items range from 1884 morgan silver dollar......good condition.....19676 eisenhower silver....1923 liberty silver.....books of lincoln pennies....roosevelt dimes...liberty nickles....buffalo nickels.....washing head quarters.....mercury head dimes1851 large cent....1911 large cent...some silver cert in paper money.......how do you go about getting values.......do you just trust someone and leave items with them.....how do you sell these......any info would help
     
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  3. satootoko

    satootoko Retired

    Welcome to the forum bluegrass. My first suggestion would be for you to look at the previous threads on the same subject, of which there have been many. Read the "sticky" post that is at the top of this forum, then look at "Collection", for starters.

    The grade "very good" is a very low grade, and I'm sure you are not using the term in its technical sense.

    You can obtain A Guide Book to United States Coins by Yoeman, (aka The Red Book) inexpensively at any online or brick & mortar bookstore or coin dealer, and you can very probably consult one free at your local public library. It will give you some basic information on grading (which greatly affects value), as well as identifying major varieties which you may find in your inheritance that have exceptional values.

    Don't rely too heavily on the actual prices listed, as they were the publisher's best estimate of retail prices you would expect to pay a dealer, as of the closing date of the book for publication, some months before it hit the streets last year. The coin market has been changing rapidly in recent years. What the listings will tell you is which of your coins are the most valuable, and which ones probably merit close examination by a knowledgeable person.

    If your aim is to liquidate the collection, the review I am suggesting will help you decide whether it may be valuable enough to interest a major dealer, or whether it should be shopped to local dealers. If that is the course you take, be sure to get several opinions; and realize that if you want a detailed piece-by-piece pricing, that is what is known as an "appraisal", and you will have to pay for the appraiser's services.

    If your aim is to preserve and perhaps enlarge the collection, then hang around this forum for a while and soak up the knowledge which is regularly dispensed; perhaps join the American Numismatic Association and gain access to its extensive library; and take other steps to educate yourself before you make any purchases yourself.

    Whatever long-term course you decide on, feel free to post pictures of some that you believe to be the most interesting, or valuable, and get the input of forum members.

    Again, welcome to the forum, and perhaps to the hobby as well. :)
     
  4. Snail

    Snail New Member


    Same thing happened to me about 2 months ago.
    What I did was,called my local coin shop and ask if someone there could go through my collection and tell me what(if any)were worth looking into and which ones were for the drink machine. :)

    The shop I called was more than happy to go through them and lend a hand.
     
  5. Speedy

    Speedy Researching Coins Supporter

    what are the dates on the Silver Cert?

    Speedy
     
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