Inheritance coins

Discussion in 'What's it Worth' started by Rachel Perez, Sep 17, 2019.

  1. Rachel Perez

    Rachel Perez Newbie Coin Addict

    I just inherited quite a few Morgan, Peace and Ike silver dollars along with numerous Kennedy halves and a few Benjamin halves. I have never collected coins so this is all new to me. I have no idea of the value of these beautiful coins and while chatting with another member on here last night, he suggested that I post some pics and see if anyone is willing to help me and give some advice on just what I actually have. So I'm posting a few pics to see what comes about. Anything helpful would be appreciated. Thanks! IMG_20190916_100732450.jpg IMG_20190916_100806817.jpg IMG_20190916_101357252.jpg IMG_20190916_101410824.jpg
     

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    Last edited: Sep 17, 2019
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  3. Kentucky

    Kentucky Supporter! Supporter

    In your situation, a good source would be e-bay. Search the date, the coin type and look at the "sold" listings. Most will probably be worth around melt.
     
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  4. thomas mozzillo

    thomas mozzillo Well-Known Member

    Welcome to Coin Talk. The three coins you posted are all common date coins in circulated condition. Their value is not much over the current melt price of the silver content in each coin. If they were uncirculated they would add a premium to the value depending on the grade. You should buy a copy of "A Guide Book of United States Coins" by R.S. Yeoman, more commonly known as the Red Book. The book is loaded with so much useful information. It will give you a general idea of the condition and rarity of your coins. If you have a smartphone download the app "Coinflation". It gives the current melt value of US coins. You can download it from the Google Play Store (and probably the Apple store).
     
  5. MontCollector

    MontCollector Well-Known Member

    Welcome to CT!!

    First off sorry for your loss.

    While I can't speak for the Half dollars anymore than to say they are well circulated but still worth at least the melt value of the silver in them.

    Now the Morgan dollars can be a little different. This is one of the most common US Silver Dollars that people collect. Unless there is some sort of problem with the coin most of them will be worth more than melt. I am not talking a lot of money here, but enough that it might be worth getting them looked at.

    If you have any Uncirculated Morgans or any that have a little CC (Carson City Mint) on the bottom of the reverse these could be worth quite a bit over melt.

    The Eisenhower dollars are commonly referred to as "silver" Dollars. This is misleading. Most Ikes actually have no silver in them. If they have a P or D mint mark they are not silver and worth $1 unless they are UNC. These have to be really high grade to be worth much at all. All 1971-1973 Ikes with the S mint mark are 40% silver and unless they are high grade or still in their original government packaging they are basically worth melt. As for the 1974 &1976 S Ikes, look on the edge, if you don't see any copper showing it is most likely 40% silver. There were no silver Ikes issued after 1976

    I agree that eBay can be a good source for pricing by seeing what the coins sell for. The Red book, as previously mentioned, is also a good resource for info on identifying coins and other info. Do not use this as a price guide though.
     
    Last edited: Sep 17, 2019
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  6. lordmarcovan

    lordmarcovan Eclectic & odd Moderator

    Common coins, but not bad. Silver is always nice. Welcome.

    As mentioned, pick up a copy of the Redbook- you can find it at pretty much any good-sized bookstore.

    Stick around. Come and enter the giveaway if you like.
     
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  7. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Welcome to the neighborhood @Rachel Perez ! Please accept my condolences for your loss.

    Everyone has pretty much given you the best advice.

    Chris
     
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  8. Tusky Ranger

    Tusky Ranger New Member

    Any Morgan is a good Morgan! I also add my condolences.
     
  9. JeffC

    JeffC Active Member

    May I make a suggestion? Why not turn this into a chance to start a part-time hobby! Buy an empty folder or album, "Coins of the 20th Century." You can get them from Littleton Coin Company or H.E. Harris. They're selling on ebay for $7.50 or even less. Here's an example and there are tons of others:

    https://www.ebay.com/itm/Harris-Coi...R4AAOSwdC5ch4in:sc:USPSFirstClass!34677!US!-1

    Then have fun finding all the coins and filling the album! Hey, you already have the "big ones" (Morgan Dollar, Ikes, Benjamins, Kennedies, etc.)! Along the way, you'll find out so many fun things (like I did when I got my "hand-me-down" collection). For example, did you know that Ben Franklin was the first non-President to be on a coin? Take a look at the eagle on the reverse side of your Morgan Dollar. When it was first minted, it had a nice, symmetrical 8 tail feathers. There's no such thing in real-life and the Mint had to change it. 1921 (yours) was the last year it was minted. As for the Liberty Bell on the reverse of your Franklin Half, you can read up on FBL (Full Bell Lines) and what they are. For me, it was so informative and fun, that I wouldn't sell any of it.
     
    Last edited: Sep 17, 2019
  10. Muzyck

    Muzyck I'll gladly pay you Tuesday for a biscuit today.

    My condolences. Since this is all new to you I would advise you to avoid the temptation to "clean" them.
     
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  11. Spark1951

    Spark1951 Accomplishment, not activity

    The first thing you do is get some white cotton gloves to put on before you handle them. You don’t want to put fingerprints on them and, as mentioned, do not clean them!

    Then....TAKE YOUR TIME. Don’t get in a hurry. To do it right will take patience.

    Catalogue all of them by type, date and mintmark. Begin learning how to grade them, a good way to start is using the Red Book. You may not get precise grading, but you can at least get in the ballpark. This way you will find out what you have and maybe find some scarce dates.

    Use all the advice already offered...you will get only the best from CoinTalk...Spark
     
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  12. HaleiwaHI

    HaleiwaHI Active Member

    silver bullion prices will probably never dip much lower than it currently is. It seems the floor hit around $14 a few years back. With this latest spike to the $16-$17 and for a short time $19 oz., It only seems a positive move to add to your inheritance. Buy what you can for spot and years from now, you'll be happy you did. I hope you enjoy your collecting. This is a great spot to ask your questions.
     
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  13. Rachel Perez

    Rachel Perez Newbie Coin Addict

    Thank you all for your responses! No worries I will not attempt to clean them and I will from this moment on I will always wear gloves.. who knew? I have one more question for all my new computer collecting buddies.. 1925 Peace dollar, it appears to have an s right at liberty's forehead . Any ideas? Just remember I'm new at this so I wasn't wearing gloves when I took the pic. I will get a better picture and post it later today. IMG_20190807_220948002.jpg
     
  14. HaleiwaHI

    HaleiwaHI Active Member

    I'm not sure what that is other than a blemmish. This is what you should be seeing (taken from the same angle using a 1925 Peace Dollar coin) 1925 Peace 1.jpg 1925 Peace 2.jpg 1925 Peace 3.jpg
     
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  15. lordmarcovan

    lordmarcovan Eclectic & odd Moderator

    I think starting a 20th century type set is a superb idea. If that caught on and you had fun with it, in due time you could move on to the popular Dansco #7070 US Type set album which covers most of the 19th century as well. Collecting the 7070 (several times) was some of the most fun I've had with US coins.

    Start with the 20th century set, I say. You've already got a good start right there, with the coins you posted.
     
  16. Spark1951

    Spark1951 Accomplishment, not activity

    I’ll wait for the better picture...but, this is not good news for this Peace. It appears someone applied or punched a letter onto the coin...try to get a clear close-up and post it when you can...Spark
     
  17. Stevearino

    Stevearino Supporter! Supporter

    Thanks for taking my advice about posting photos, Rachel. They are good ones. Unfortunately they are common, but definitely not worthless.

    Steve
     
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  18. Rachel Perez

    Rachel Perez Newbie Coin Addict

    Thanks for the advice Steve I really appreciated it. But one thing I will say though is this is just the beginning I've only posted three or four and I've got a fire box full ofof silver dollars and half dollars..it's overwhelming! The very oldest coin that I have is the Morgan Dollar that's an 1896 and then I have bunch of 192s and a bunch of 1922s, a couple of 23s, and 24s. One 25 which is the one that has the s on the forehead but not on the forehead it's in front of it I'll have to get a better picture for you to see just exactly what I'm talking about. So anyways, to go along with those. I have silver dollars ranging back to 1962 and year in between up in to the 70s.
     
  19. Rachel Perez

    Rachel Perez Newbie Coin Addict

    And I have a ton of halves some silver some 40 percent. ..
     
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  20. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Be sure to take your photos from directly overhead. Even the slightest angle can hide imperfections.

    Chris
     
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  21. MontCollector

    MontCollector Well-Known Member

    Very good advice.:)
     
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