Hi, my name is Jared. I am new to these forums. I am in no way a collector, just a person who takes any opportunity and runs with it. I currently work at a gas station. We go through a lot of coins, and i regularly am mocked my by coworkers for my tendency to go through 82$ worth of change in every register on every shift. What i am asking is, what coins should i look for? Without an extensive knowledge, all i know to look for is silver coins, and anything else out of the ordinary. so far, i have: 2 weird grey 1989 pennies 27 silver quarters 13 silver dimes 8 silver nickels 386 wheat pennies one "liberty nickel"(i think that's what its called) is there anything else i should look for? i assume I'm sitting on a gold mine, we rarely get new coins, usually rolled coins deposited at a bank. Thanks for any input! P.S. Should i sell silver coins to a mint for 12.3x face value, or should i attempt to find a coin shop or something that will buy them? most are in poor condition, some even dented or scratched.
12.3x sounds like what I've been hearing as a good price, especially if they are in poor condition. Better condition or 50s and earlier might get you more than that. I'm not up on all the key dates but I tend to set aside S mint marks as a habit.
Im not really a collector, i was when i was a kid but sold those coins to a coin shop for 900$ and bought a car. Nowadays, i'm trying to just find some extra coins so that i can possibly eat something besides ramen noodles for a month. I know of a coin shop i can go to, but the guy didnt seem like he wanted to give me any advice when i talked to him. He was rude,, and just told me that "plenty of coins are worth money, and you need to know them." I am hoping someone on these forums can help me. Thanks in advance
put them all into one lot, take some great pics, a couple close ups of the nicest coins roughly describe what you have in the lot and how you got them. declare how much in face value plus how much in silver face value and auction that bugger here. probably do better on eBay. those old coins that found there way back into circulation have a story behind them that no one will ever know. the intrigue will make people bid on them to take a shot.
Horrible advice Eyeeatwheaties once again... For silver you can get 13.5 x face go to www.caminocoinco.com give them a call ask for parker and he'll buy the silver and possibly the wheaties. Lock in the price over the phone and do business. I just purchased $900 face value silver, then went to them sold it and made a nice $1200 profit within the hour. Not bad if you ask me. They also buy the wheaties. Have fun enjoy the hobby, pour over the forums and find your lucrative niche. Best of luck
eBay probably isn't a good option. With there new raised fees it's no longer worth it to sell silver on there.
I would look at local shops and get some quotes for the silver. I think silver is the easiest to move. For the wheaties I would get a red book just to make sure there are not any key dates that could be worth more than the ones you found. Plus there are varieties on the coins that could be worth some money. So you would have to do more research and purchase a few books. On top of that there are several varieties of paper money that could bring a few extra bucks also (radars, web notes, error, low serial numbers, etc.). While you might not get rich this could be a fun way to make extra money. Enjoy!
There are a lot of coins in circulation that are worth a premium, sometimes a huge premium. I'd say pick up a book called, The Cherrypickers' Guide.
I would say to just swap out all the 1964 and earlier coins (especially silver, but maybe wheats) and try to turn them around for a quick profit. Maybe you can find a local collector that will buy them off of you. TC
Any 1964 and earlier Dimes and Quarters Any 1970 and earlier Halves Any "Big" dollar coins Any Nickle from 1942-1945 since they have a % of silver Any Nickle that looks New from the 1950's and earlier Any "Wheat" penny's Any coin that looks proof
A few other pieces to look for 1972 Doubled die obv cent Look for strong doubling on date and IGWT 1983 Doubled die rev cent Look for strong doubling on ONE CENT 1984 Doubled die obv cent Look for a doubled earlobe 1992 and 1992 D Close AM cent 1995 Doubled die obv cent Look for strong doubling on LIBERTY 1998, 99, and 2000 Wide AM (do a search here for WAM) 1982 dime with no mintmark President dollars with no edge lettering Sac dollars dated between 2002 and 2008 Native American dollars with no edge lettering
Hello! I hope that things get better for you on the job front, and then maybe you can buy some nice collectibles again.
Go to a coin dealer or any major book store chain (Borders, Waldenbooks etc) and invest $12.00 in a 2011 copy of the Red Book, otherwise known as A Guidebook of United States Coins by R.S. Yeoman. This handy guide will aid you in identifying any coins that are worth a premium. On pg 412 there is a guide that will give you bullion melt value for all silver US coins by denomination/weight. Right now with silver trading at around $19.00/ oz each of those silver quarters you've found is worth approximately $3.44 in melt value, the dimes are $1.37.
