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Numismatists! (1 Viewer)

johnnycakes

Footballguy
As I have posted here previously, my dad passed away last February. I am now in the process of going through the house and figuring out what to keep, what to sell, what to donate to charity, and what to throw out into the 30-yard dumpster I have setting in the driveway.

Every weekend, I spend a day going through stuff. Tons of stuff. My parents weren't total packrats... not like what you see on Hoarders on TV, but they were pretty tight. My mom squeaked when she walked. Every morning when my dad went outside, a little bird would come sit on his shoulder and go, "cheep cheep cheep." You get the picture.

My dad liked to collect coins. He never bought any of them. He just got them out of circulation over the years. And he started probably back in the 1930's. So today I found a box that was full of tiny little envelopes, about the size of what a hotel might put your key in. Each one was labeled, "i.e., 1921D, 1924S, 1910P", etc. I just made those up... so don't bother to check to see if those mints actually produced coins in those years. But he has envelopes going back to the early 1900's, possibly earlier. And then he has some old rolled pennies.... rolled at least 30 years ago, if not more.

So there are many, many coins here, all in these tiny little envelopes. He does have a loose-leaf notebook in which he typed each year and mintage and how many coins were in each envelope.

But none of this stuff is graded.

What I need to do is to find a way to efficiently and expeditiously get these coins graded. I don't mind sending them 10 at a time for a year or doing something like that. I'm not going to send whole boxes to them because I wouldn't know for sure exactly what I sent.

But what's the best, most efficient, and most cost-effective way of getting all these graded so I know exactly what I have?

Or should I just spend them?

Thanks.

 
First of all sorry for your loss. With that in mind "congratulations" on your find.

I have worked with some other fbg in the past in Simular situations.

First thing is first. Any silver non dollar coins you can put in one pile right off the bat. That means liberty halfs, franklin halfs, Kennedy halfs (1969 or before), barber quarters, pre 1964 Washington quarters, mercury dimes, or roseavelt domes pre 1964. Unless any of these types of coins look like they just came out of the mint there is a very good chance they are what we call in the business "junk silver". In other words they are mostly valuable for the silver content. Right now they go for about 20 times face value.

Any of the bulk pennies you have that have a lincoln face are likely sepeared because of the copper content. Any pennies pre 1982 are 90% copper and are worth .03 each just for that. Without mentioning names some people around here think wheat pennies are worth more, but in all likelihood .05-.25 each.

Anything outside of this your probably going to want to take the time to itemize and I'll be happy to run through the list with you for a nominal fee....... Just kidding, get me a list and I'll tell you what you got on your hands.

 
As a follow up - its unlikely that your going to want to professionally grade any of the general coins I laid out above. It's just not worth it. And if your dad pulled them out of general circulation it's is even less likely.

Silver dollars or pre 1920 coins may be another story.

 
There are websites that can help you figure out if you do have anything really valuable. The above post is a food start.

 
Thanks... I know my dad has some more squirreled away... silver dollars and old proof sets. Haven't found those yet. There are definitely some old dimes in the batch I found today, but mostly pennies. He loved to pinch his pennies. Some rainy weekend, I'll have to sit down with the boxes and see what's what. When I found them today, it was just a little overwhelming, and I know that all it takes is to find one really rare one and it might be worth all the others put together. Who knows... maybe I'll hold onto them and let my kid deal with them when I die.

 
Thanks... I know my dad has some more squirreled away... silver dollars and old proof sets. Haven't found those yet. There are definitely some old dimes in the batch I found today, but mostly pennies. He loved to pinch his pennies. Some rainy weekend, I'll have to sit down with the boxes and see what's what. When I found them today, it was just a little overwhelming, and I know that all it takes is to find one really rare one and it might be worth all the others put together. Who knows... maybe I'll hold onto them and let my kid deal with them when I die.
Well if you are going to sort though the pennies what you are looking for is any 1909 but if it has a VDB on the back then you have a valuable coin. Outside of that, the pennies arent really going to get you any serious money.As far as dimes go you really need to have a mint conditon coin or something pre 1891 (a seated liberty).If/when you find the proofs and silver dollars hit me up with a PM.
 
Thanks... I know my dad has some more squirreled away... silver dollars and old proof sets. Haven't found those yet. There are definitely some old dimes in the batch I found today, but mostly pennies. He loved to pinch his pennies. Some rainy weekend, I'll have to sit down with the boxes and see what's what. When I found them today, it was just a little overwhelming, and I know that all it takes is to find one really rare one and it might be worth all the others put together. Who knows... maybe I'll hold onto them and let my kid deal with them when I die.
Well if you are going to sort though the pennies what you are looking for is any 1909 but if it has a VDB on the back then you have a valuable coin. Outside of that, the pennies arent really going to get you any serious money.As far as dimes go you really need to have a mint conditon coin or something pre 1891 (a seated liberty).If/when you find the proofs and silver dollars hit me up with a PM.
Thanks!
 
Lots of good advice so far & plenty of resources on-line to look up rarity values, etc.

Don't try to clean anything! Don't rub it with a cloth, dip it in a silver cleaner, use your fingernail to remove crud, etc. If you have anything truly numismatic, cleaning is a big no-no.

Don't take it to Coinstar or a bank, wheat penny jokes aside, even a worn out 1909-S VDB Lincoln wheat penny could be worth $750...

Here is a rough value guide - Numismedia FMV

This will give you an idea of conditions if you find a good date - Photograde

Good luck!

 
If you have high grade or rare (1909 SVDB) coins have them professionally graded. This is a good 3rd party grading service

Coin dealers like to under grade the coin when they buy; With a 3rd party grading service the grade of the coin is not questioned when selling. It is expensive, like $ 55 a coin but for better coins it is worth it.

I had a several roles of uncirculated Morgans dollars graded because the were deep mirror cameos . The value of the coins went up significantly because a third party grading service put deep mirror cameo on the slab (Several 100 dollars in most cases)

Errors also carry a premium

 

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