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<p>[QUOTE="USS656, post: 3668262, member: 6641"]Hi Anniequilts,</p><p><br /></p><p>Sorry for your loss! My guess is that if your Dad was into collecting errors he would have likely put them into flips and marked them as such. For the loose coins you are more likely to find semi key dates if anything that is worth more than melt. Valuable errors are very rare to find in the wild (sitting around in loose change). Happens, just very unlikely, like hitting the lottery. Best to concentrate on key and semi-key dates (and mint marks). The red book, ebay are good sources for information if you are willing to put in the time.</p><p><br /></p><p>Just today I had a newer co-worker overhear me talking coins and approached me on the same topic. He has sold small parts of it to a local shop but doesn't know what to do with the bulk of it (Albums, Mint sets, loose coins). I offered to go through it and let him know what the rough value is of all of it and let him know what might need to be graded and or moved to a different storage method. Having a friend that is a collector is really helpful. For the person that can give you a fair estimate, years of study go into learning how to do it properly and in a timely fashion.</p><p><br /></p><p>Other options are selling outright to a trusted dealer. I have shipped collections and/or documented collections with pictures to a dealer on this site that is also a moderator (trusted with a great reputation in his local market) and received very fair offers for the collections. </p><p><br /></p><p>Go to a local coin show and ask dealers how they handle collections like yours and find you build a good repour with. Get an offer on a part of it and see if you are happy with the experience. </p><p><br /></p><p>You can reach out to local auctioneers that specialize in auctioning coins (still probably quite a bit of work on your part documenting and organizing what you want to sell) but again, their fees may outweigh any upside. </p><p><br /></p><p>You can sell coins on eBay or other sites (with a lot of possible headaches) but the fees are not that much different than what you will get from a dealer value and they will take most or all of it without much work on your end. </p><p><br /></p><p>Spending some time to familiarize yourself with approximate value is a really good idea to help you understand if the dealer is making a fair offer. </p><p><br /></p><p>This site will be good for helping you understand if the coin is valuable but dollar value is something most will not comment on. You will get differing opinions here too. Read through the responses and take away what you can.</p><p><br /></p><p>Again, ebay is a good source for value by looking at closed auctions. <b>If you get a red book which I would suggest, do not give any consideration to their coin values except to understand what dates/mint marks are worth more. Please do not go into a coin shop saying this coin in the red book is valued at $xxx.xx amount.</b> Many things go into the value of a coin including condition, any improper handling, market conditions.</p><p><br /></p><p>Wish you luck![/QUOTE]</p><p><br /></p>
[QUOTE="USS656, post: 3668262, member: 6641"]Hi Anniequilts, Sorry for your loss! My guess is that if your Dad was into collecting errors he would have likely put them into flips and marked them as such. For the loose coins you are more likely to find semi key dates if anything that is worth more than melt. Valuable errors are very rare to find in the wild (sitting around in loose change). Happens, just very unlikely, like hitting the lottery. Best to concentrate on key and semi-key dates (and mint marks). The red book, ebay are good sources for information if you are willing to put in the time. Just today I had a newer co-worker overhear me talking coins and approached me on the same topic. He has sold small parts of it to a local shop but doesn't know what to do with the bulk of it (Albums, Mint sets, loose coins). I offered to go through it and let him know what the rough value is of all of it and let him know what might need to be graded and or moved to a different storage method. Having a friend that is a collector is really helpful. For the person that can give you a fair estimate, years of study go into learning how to do it properly and in a timely fashion. Other options are selling outright to a trusted dealer. I have shipped collections and/or documented collections with pictures to a dealer on this site that is also a moderator (trusted with a great reputation in his local market) and received very fair offers for the collections. Go to a local coin show and ask dealers how they handle collections like yours and find you build a good repour with. Get an offer on a part of it and see if you are happy with the experience. You can reach out to local auctioneers that specialize in auctioning coins (still probably quite a bit of work on your part documenting and organizing what you want to sell) but again, their fees may outweigh any upside. You can sell coins on eBay or other sites (with a lot of possible headaches) but the fees are not that much different than what you will get from a dealer value and they will take most or all of it without much work on your end. Spending some time to familiarize yourself with approximate value is a really good idea to help you understand if the dealer is making a fair offer. This site will be good for helping you understand if the coin is valuable but dollar value is something most will not comment on. You will get differing opinions here too. Read through the responses and take away what you can. Again, ebay is a good source for value by looking at closed auctions. [B]If you get a red book which I would suggest, do not give any consideration to their coin values except to understand what dates/mint marks are worth more. Please do not go into a coin shop saying this coin in the red book is valued at $xxx.xx amount.[/B] Many things go into the value of a coin including condition, any improper handling, market conditions. Wish you luck![/QUOTE]
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