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Large (inherited) collection; finally catalogued; now what?
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<p>[QUOTE="Marshall, post: 7570191, member: 21705"]Just a few categories of interest for the novice.</p><p><br /></p><p>Modern - Pretty much anything dated after 1964 when they discontinued most silver use in the coinage.</p><p><br /></p><p>Other than 40% halves from 1965 to 1970, there is little in circulation of interest until very recent Mint manufactured rarities which I know little about and probably of no concern to you if it is an older collection.</p><p><br /></p><p>Therefore, in this date range, Mint Sets, Proof Sets and specially housed Mint products or Third Party Graded (TPG) are the only coins likely to have a premium above face value.</p><p><br /></p><p>There is a very slight premium for Cents dated before 1982 when they took the bulk of copper out of the cents. Perhaps they are worth 2-3 cents in normal circulated condition.</p><p><br /></p><p>Any coin which is already in a cardboard 2x2 may have some interest since it indicates someone believed it had value enough to go to the trouble to place it in there.</p><p><br /></p><p>So the best idea when grouping the coins is to separate them into modern and postmodern. Even better would be to group them into categories like Morgan Dollars, Peace Dollars, Eisenhower Dollars (Though a modern issue, they were heavily saved.)</p><p><br /></p><p>Also beware of non mint look-a-likes called rounds. If silver, they are worth their content in silver bulk.</p><p><br /></p><p>Each denomination has their own Type Groupings with some subdivisions within them.</p><p><br /></p><p>All this can be done fairly quickly with the help of a guidebook or an internet search of coin sights.</p><p><br /></p><p>Many accumulations are called collections and their value varies widely.</p><p><br /></p><p>Good luck. I was a collector and was tasked with distributing a large collection of my Uncle's which proved to be basically bulk silver coinage with only one Morgan Dollar with a $100 premium when most were worth about $12 out of about two thousand coins. Silver wasn't that high at the time.[/QUOTE]</p><p><br /></p>
[QUOTE="Marshall, post: 7570191, member: 21705"]Just a few categories of interest for the novice. Modern - Pretty much anything dated after 1964 when they discontinued most silver use in the coinage. Other than 40% halves from 1965 to 1970, there is little in circulation of interest until very recent Mint manufactured rarities which I know little about and probably of no concern to you if it is an older collection. Therefore, in this date range, Mint Sets, Proof Sets and specially housed Mint products or Third Party Graded (TPG) are the only coins likely to have a premium above face value. There is a very slight premium for Cents dated before 1982 when they took the bulk of copper out of the cents. Perhaps they are worth 2-3 cents in normal circulated condition. Any coin which is already in a cardboard 2x2 may have some interest since it indicates someone believed it had value enough to go to the trouble to place it in there. So the best idea when grouping the coins is to separate them into modern and postmodern. Even better would be to group them into categories like Morgan Dollars, Peace Dollars, Eisenhower Dollars (Though a modern issue, they were heavily saved.) Also beware of non mint look-a-likes called rounds. If silver, they are worth their content in silver bulk. Each denomination has their own Type Groupings with some subdivisions within them. All this can be done fairly quickly with the help of a guidebook or an internet search of coin sights. Many accumulations are called collections and their value varies widely. Good luck. I was a collector and was tasked with distributing a large collection of my Uncle's which proved to be basically bulk silver coinage with only one Morgan Dollar with a $100 premium when most were worth about $12 out of about two thousand coins. Silver wasn't that high at the time.[/QUOTE]
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Large (inherited) collection; finally catalogued; now what?
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