A note to get newbies started?

Sponsoring a coin show must be quite expensive, especially for someone that was dead broke just a month ago.

 

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Here are my comments-

1) Far too much text.

2) The text makes it seem like all or most dealers cannot be trusted, which may alienate you from your other customers, who happen to be the dealers.

3) Silver coinage was produced in 1964 so you should change your text to reflect that fact.

4) Do you have really good security? If not, then this handout might be a wonderful thing for crooks to obtain and might jeopardize the safety of the public and the dealers.

Your intentions seem good, but I would not advise you to use this approach.

 

Be careful who you give flyers to, free and easy $$$ will bring 'em out.

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Okay so I edited it. I think 75% of the value posted on coinflation is very fair, and just about everyone here pays that. I don't want to post a solid value because the silver price could wildly change in 2 weeks time.

The reason why I mention the red-book is not because of unscrupulous dealers, but think of this, is someone took 300 silver quarters in a bag, do you think they are gonna sit there and look for semi/key dates?

I also added info for gold coins, and to tell people not to take less than 80% for them.



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Are you new to collecting coins?
Recently had someone pass on and leave you some coins?
Read this guide.

Is my coin silver? What's my silver coin worth? What price should I accept for my silver coins?

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All dimes, quarters, half dollars, and dollar coins dated 1964 and before are 90% silver. Half dollars made from 1965-70 are 40% silver and nickels made from 1942-1945 (except 1942-D) are 35% silver.

If you want to check the value of a silver coin, at anytime, visit www.coinflation.com and click on "Silver Coin Values". Note there is also a section for gold coins as well.

For 90% Silver coins, don't accept anything less than 75% of the value posted on the above website, there ARE places that will pay more. Do not accept less than 80% for gold coins.

Sometimes coins can be worth more than "melt price". It all depends on condition, the mint mark, and the year.

NOTE: Do not take any coins to any "fly-by-night" operations. Do not take coins to any place that just rolled into town with a big sign saying "cash for your gold and silver coins", these places are out to scam you, and pay a tiny fraction of actual value.

How can I know I have coins worth more than silver value? How do I value my other non-silver coins?​

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For starters, pickup a book called the "Red Book to United States Coins". Get a year 2012 or newer. While the prices in this book may not always be accurate, it can be a helpful resource to show which coins are worth much more than others.

Certain coins can be worth much more than others, thousands of dollars more. While the chance of finding such a coin is low, this book will help you prevent from taking an expensive coin to a place that offers you "melt" for it.

Should I clean my coins? What if I only use water?

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Do not, ever, under any circumstance, clean a coin. Do not use a cloth on it. Don't rinse it under running water, don't do ANYTHING to it, as it may damage the coin and ruin it's worth. Always hold a coin by it's edge, because oils and dirt from your fingers can damage the coin.

How should I store my coins? Should I buy a fire-resistant safe?

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Before storing coins, check their value. Wheat pennies of low value (pretty much any wheat cent 1935 and newer) can be stored in rolls, available at the Antique Mall. Low value silver coins can also be store in rolls as well. Rolls are handy for storing coins, and prevents them from dinging up other coins when they are stored loose.

For any coin worth more than "melt" it is best to store in a holder by itself. The 2x2 cardboard holders at the antique mall work well for this. Always put at least 3 staples in a holder, and use a pair of pliers to crimp them flat, it prevents the staples from scratching other coins. Also you can purchases cardstock boxes online for storing rows of 2x2 holders. A Glad ziploc bag works well otherwise.

Store coins in a low humidity environment. A regular metal fire resistant safe works best, but a small Sentry safe (Wal-Mart and Menards sell these) can get the job done to make a good place to store coins in, and prevent them from getting fire damaged. Get a water proof and fire resistant safe if you can afford one. Be sure to include a packet of silica gel (can be ordered online cheaply).

Do not store coins in tins or coffee cans. They offer no fire protection. A house fire can ruin your coins and make them worthless.

Where can I buy coins?

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Your local coin dealer can be a great place to buy coins. Local auctions can be a good place as well. Ebay is a good place as well. Be careful buying coins from sellers with 0 or really low feedback.

Where can I get more information?
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If you have the internet, feel free to sign up at www.cointalk.com. We are a wonderful and friendly community with discussions on US Coins, World/ Ancient Coins, Precious Metal Trading ,and Paper money. We are more than happy to answer any and all questions you have about coins, paper money, etc.
Also, feel free to join the local coin club. We meet at 6pm on the 2nd Tuesday of each month. It's a good place to get info, and we also auction off coins.

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You can mitigate that by putting them in Whitman
Blue boxes. You can also take two quart size ziplock
bags, cut the ends with the ziplock off and then run
a bag through each end a Whitman box so that they
overlap and then wrap rubber bands around them.

 

You don't seem to get it. This is still more information than they care to know or will even remember.

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This is the worst part of all. You're telling people who know NOTHING about coins that they should buy coins at auctions and FleaBay. Why don't you just throw them into the lion's den now?​

 

"Local auctions can be a good place as well."

But you HATE local auctions!

 

Dolnt criticize him, he is doing a GREAT JOB!

 

http://www.cointalk.com/t209906/

http://www.cointalk.com/t208670/

Based on his history here on CT, I just don't think he is at all qualified to teach anything to anyone.

 

Ok, but he knows what you apperently dolnt, that he's not everyone who will receive this flyer, so the people receiving it will decide for themselves there opinion

 

They are "newbies". What will they be comparing it to?

 

Opinions posted here, a dealer

 

.....

 

So he'll only hand it out to newbies that have been here?

 

How do you know I'm a newbie? Mabye Im just a newbie on this forum!

 

Tim wants desperately to run with the big dogs. His problem is that he thinks he knows everything and will not listen to, or learn from, those big dogs.

 

:dead-horse:Never mind!

 

Two words: Rock Tumbler.

 

Detecto a different angle on this might be to
just write out an interesting coin story or two.
Something about the 1913 Lib nickels or the
1964 Peace dollars. Anything that would fascinate
a potential collector. IMO, they have to get hooked
first before they'll trouble themselves with do's
and don'ts.

 

Coinflation calculates .7234 oz of silver per $1 fv which accounts for absolutely zero wear. The amount of silver typically calculated for "junk" silver is .715 oz of silver per $1 fv, which at least accounts for some amount of wear on the coins.

If a dealer paid you what coinflation states on their site, they would actually be paying you over spot for 90% silver, which is quite rare I have to think (unless the coins have numismatic value of course)....