Several weeks ago my wife and I went thru her Dad's coins, he passed last year. We were dunm founded by the amount of old coin he had, most were average well circulated, he owned a coin shop years ago but these must have been his extras. We ended up with over $6000 in junk coin. I did keep teh 3 rolls of Indiam Heads, several rolls of Buffalos, culled teh best of teh Mercs, Walkers, Franklins, Barbers, wheats. We had like 12 rolls of halves, 30+ rolls of dimes, war nickles, Several rolls of washingtons. so we went back this weekend and came up with another haul, including multiple sheets of foreign coin from the 1800's( keeping!) 100+ old Chinese coin, plus more halves, Mercs, Rosies, Walkers rolls of washingtons. Now, against my wishes my wife feels we need to unload all the junk silver( I kept the best including a AU-UNC roll of 1955 Rosies, seveal of each year too). I tried to save as much as I could! I just hate to see all that history get melted as they will never be made again but the money is needed and you just don;t know when silver will slide again. It does make me feel good that I am continuing her fathers of the hobby. I just think after all this is over the inventory of average silver coin will be significantlly reduced and may push teh prices of what were once average coin higher to to lower supply. New collectors will be paying for it down the road.
That's quite a haul, but I really doubt that any of the junk silver will end up being melted. Most of them will probably end up being used in circ sets or sold in junk boxes. Chris
That is kind of the strategy I am using. By buying an inexpensive common date MS63 Morgan once a month someday I will have a thousand in face value. However in collecting value it will be rather large for someone who inherits my collection
I would not be in any hurry to otherwise liquidate the collection. Perhaps this is a good time to sit down with your wife and the collection , and learn something about the man who assembled the collection to begin with. She and you may just learn somethings about the man that perhaps you never knew before his death. Good fortune to you both.
+1 Melting costs money. While there is a slight premium being paid for 0.999 fine products right now, I think there's some value in having circulated coins with the full faith of the US Government behind their 90% silver content.
