Discussion in 'Coin Chat' started by Junior lawson, Aug 25, 2019.
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@Junior lawson !
S = San Francisco
CC = Carson City
If you have a Red Book, you can learn a lot about how & where coins are made.
A Guide Book of United States Coins by R. S. Yeoman is published every year by the Whitman Publishing Co.
It has a red cover hence the name.
Some libraries have old copies.
@Junior lawson, yes, the "Red Book" is a comprehensive resource & is really a must have for anyone even slightly interested in coin collecting...it's essentially the coin bible. It will explain many of the things about coin minting, grading, etc. (mine has adequate pics).
Please understand that grading coins is very subjective, & hard to do without the coin actually in-hand. If you've seen any of the GTG threads on CT, you will see that the "guesses" can span 6 to 10 grades in some cases, so...)
My copy is 4 yrs old & still adequate for me. Yesterday at the big book store that has a coffee shop attached to it, I saw that the latest (2019) copy is $20 (for the large print version, so I bought one for a friend of mine). You should be able to get a used copy, 2-3 yrs old for about half that. (Note: Do NOT use the coin values published in the book...they are not accurate/realistic, although they can give you an indication of the relative premium for certain years or varieties.)
Good luck with your endeavor! (& have fun with it!)
PCGS Photograde can also be downloaded to your smartphone. Google Play Store or Apple.
My grandmother (fathers side) gave me a whitman folder of Indian Head Cents when I was a wee lad. Not one of those cents had 'Liberty' visible in the bonnet.....still got that album though. It's priceless to me. She even signed it for me and dated it.
junior lawsons' stuff is priceless too.
Not worth it to send for grading.
When you compare to PhotoGrade, be brutal. If it's "almost as nice as that VF coin", then it's Fine not VF. Otherwise, you are fooling yourself and wasting your money.
Check eBay sold listings (not just listing) to see what a graded coin is selling for.
If it's been cleaned (and most older coins have been) it's worth a good bit less.
In order to be worth sending in for grading, it has to sell for more than your cost (here zero which helps), plus the cost of grading ($30-40) plus eBay/PayPal fees (figure 15% or a little more), plus $1 for a bubble envelope to ship in plus $4 postage (w/ tracking).
Accept that common date, well worn Franklin half dollars are only worth their silver content. There are apps such as CoinFlation that will give you that value. The shop is going to pay a bit under and sell for a bit over (right now, it's running about 13.6x face is the melt value so you might sell for 13x and buy at 14x).
The Red Book has describes of grades and it's really a valuable tool for a collector. You can't use the prices as a value other than this coin is more expensive than the others. It lists mintage figures and tells a little about the coin. They run around $15 so not a bank breaker. After you use one for awhile you'll like it.
As a suggestion, go to the only coin shop and ask to look at their Red Book. If they are any kind of a dealer they will have one available.
Discuss with your dealer. Show your Franklin and ask them to compare to theirs listed for the $75. Could be a great learning experience.
The have them i large print. I'm out the door
Thats what I'm talking about. My grandbabies put post it notes on the back of their books. With the history when they got and how. I peak. Remember members. Grandma's love you MORE. good job green. Thats why i adore your crasy ass
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