Message:

<p>[QUOTE=&quot;Detecto92, post: 1538122, member: 75105&quot;]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&#039;t want to post a solid value because the silver price could wildly change in 2 weeks time. </p><p><br /></p><p>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? </p><p><br /></p><p>I also added info for gold coins, and to tell people not to take less than 80% for them.</p><p><br /></p><p><br /></p><p><br /></p><p>=================================================================================================================================================================</p><p style="text-align: center"><font size="4"><br /></font></p> <p style="text-align: center"><font size="4"><font size="5">Are you new to collecting coins? </font></font></p> <p style="text-align: center"><font size="4"><font size="5">Recently had someone pass on and leave you some coins? </font></font></p> <p style="text-align: center"><font size="4"><font size="5">Read this guide.</font></font></p> <p style="text-align: center"><font size="4"><br /></font></p> <p style="text-align: center"><font size="4">Is my coin silver? What&#039;s my silver coin worth? What price should I accept for my silver coins?</font></p> <p style="text-align: center"><font size="4"><br /></font></p> <p style="text-align: center"><font size="4"><br /></font></p><p><br /></p><p><br /></p><p><br /></p><p>All dimes, quarters, half dollars, and dollar coins dated 1964 and before are 90% silver. Half dollars made from 1965-70 are 40% <font size="2">silver and nickels made from 1942-1945 (except 1942-D) are 35% silver. </font></p><p><br /></p><p>If you want to check the value of a silver coin, at anytime, visit <a href="http://www.coinflation.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinflation.com" rel="nofollow">www.coinflation.com</a> and click on &quot;Silver Coin Values&quot;. Note there is also a section for gold coins as well.</p><p><br /></p><p>For 90% Silver coins, don&#039;t accept <b>anything </b>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. </p><p><br /></p><p>Sometimes coins can be worth more than &quot;melt price&quot;. It all depends on condition, the mint mark, and the year. </p><p><br /></p><p><b>NOTE:</b> Do not take any coins to any &quot;fly-by-night&quot; operations. Do not take coins to any place that just rolled into town with a big sign saying &quot;cash for your gold and silver coins&quot;, these places are out to scam you, and pay a tiny fraction of actual value. </p><p><br /></p><p style="text-align: center"><p style="text-align: center"><font size="4">How can I know I have coins worth more than silver value? How do I value my other non-silver coins?</font></p></p> <p style="text-align: center"><br /></p> <p style="text-align: center"><br /></p> <p style="text-align: center"><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>For starters, pickup a book called the &quot;Red Book to United States Coins&quot;. Get a year 2012 or newer. While the prices in this book <b>may not always be accurate</b>, it can be a helpful resource to show which coins are worth much more than others.</p><p><br /></p><p>Certain coins can be worth <b>much more</b> 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 &quot;melt&quot; for it.</p><p style="text-align: center"><p style="text-align: center"></p> <p style="text-align: center"><font size="4">Should I clean my coins? What if I only use water? </font></p> <p style="text-align: center"><br /></p> <p style="text-align: center"><br /></p></p> <p style="text-align: center"><br /></p> <p style="text-align: center"><br /></p> <p style="text-align: center"><br /></p><p><br /></p><p><br /></p><p><br /></p><p><b>Do not, ever, under any circumstance, clean a coin.</b> Do not use a cloth on it. Don&#039;t rinse it under running water, don&#039;t do <b>ANYTHING</b> to it, as it may damage the coin and ruin it&#039;s worth. <b>Always</b> hold a coin by it&#039;s edge, because oils and dirt from your fingers can damage the coin.</p><p><br /></p><p style="text-align: center"><p style="text-align: center"><font size="4">How should I store my coins? Should I buy a fire-resistant safe?</font></p> <p style="text-align: center"><br /></p> <p style="text-align: center"><br /></p></p> <p style="text-align: center"><br /></p> <p style="text-align: center"><br /></p> <p style="text-align: center"><br /></p><p><br /></p><p><br /></p><p><br /></p><p>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.</p><p><br /></p><p>For any coin worth more than &quot;melt&quot; 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. </p><p><br /></p><p>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). </p><p><br /></p><p>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. </p><p><br /></p><p style="text-align: center"><font size="4">Where can I buy coins? </font></p> <p style="text-align: center"><font size="4"><br /></font></p> <p style="text-align: center"><br /></p><p><br /></p><p><br /></p><p><br /></p><p><font size="2">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. </font></p><p><font size="2"><br /></font></p><p><font size="2"><br /></font><p style="text-align: center"></p> <p style="text-align: center"><br /></p><p style="text-align: center"><font size="4">Where can I get more information?</font></p> <p style="text-align: center"><br /></p></p> <p style="text-align: center"><br /></p> <p style="text-align: center"><br /></p> <p style="text-align: center"><br /></p> <p style="text-align: center"><br /></p><p><br /></p><p><br /></p><p><br /></p><p><font size="2">If you have the internet, feel free to sign up at <a href="http://www.cointalk.com" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com">www.cointalk.com</a>. 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&nbsp; any and all questions you have about coins, paper money, etc. </font></p><p><font size="2">Also, feel free to join the local coin club. We meet at 6pm on the 2nd Tuesday of each month. It&#039;s a good place to get info, and we also auction off coins. </font></p><p style="text-align: center"><br /></p> <p style="text-align: center"><br /></p><p>[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in