Posts Tagged ‘coin collection’
suggestions around selling an inherited coin collection?
I am looking to sell a collection of inherited circulated coins. Since they’ve been circulated, they have a some wear and many have a layer of tarnish.
We don’t live in a huge town nor are we terribly close to a huge metro area, so I think I have like one real "coin shop" option on these. I figure a bank has to give me at least face value on the coins i.e. one cent for each wheat penny. I bought a Red Book and tried to price out what I could tell about the collection at the least valued rate. I am anticipating minimum value on it ought to be some value of greater than face value and perhaps less than full Red Book least value.
Anyone have experience selling an inherited coin collection? Specific websites and coin buying businesses you’ve worked with that you’d recommend? Other points to ponder as I look to convert this box of coins into "today’s cash"?
Related Blogs
coin collection-how much value?
okay, i know i’m young, and it’s unusual for young people to do this, but i have a coin collection. lol. and i might want to sell it, cuz i started collecting when i was about 8, and i thought it was cool to have all this strange money, but now i realize, that it’s just sitting there, when there are people out there in the world that i’m sure would enjoy it. it’s not a whole lot, but just tell me how much you think it’s worth right now, like on ebay or something. lol.
it consists of all the state quarters except alaska and hawaii(as of right now), a book that goes with those, one honduran dollar bill from 2000, one US 2 dollar bill from 1976, two one-dollar coin things(bronze with the picture of a woman and a baby made in 2000) a 1952 wheat penny, two 1976 quaters(the ones with the drummer in the army of 1776, the 200th aneversary of hte country i suppose)one 1923 murcury head dime(poor condition 
) one 1972 canadian penny, one 1973 US nickel,one "ocean veiw ! O! the joy!" nickel from 2005, one lewis and clark nickel from 2004, one louisiana purchase nickel from 2004, one mexican dollar coin.
Random collection i know, but that’s because i’ve been just collecting anything un-usual in money form for a while. so how much is it all worth?
Related Blogs
Needing help in restarting my coin collections?
It has been a while since I have invested in my coin collection. I used to visit a lot of coin auctions years ago but times have changed and it has become a more aggressive market for collectors. What percentage of return can I expect from the value of a coin during an auction? What good pricing guides are out there now? I used to invest in bullion but want to invest more into coin and currency now and Im a little behind in the market from what I used to be.
Related Blogs
Where can I find a Freeware database program for coin collecting that is made for mac/apple?
Coin Pricing website?
i recently found my great great grandma’s coin collection ranging from 1905 – 1962. they are all in amazing condition and there are some coins i have never seen before (including a Ben Franklin half dollar and a silver penny)
i was wondering, what would be the best website to find the current prices of these coins?
(not that I’m going to sell them, i would just like to know.
Thank You.
Related Blogs
Sorting Through a Pile of American Coins
One of the many relaxing tasks related to collecting American Coins is sorting through a pile of coins. One of the rules of coin collecting is to never let an unprocessed coin leave your hands. While the number of valuable coins found in circulation is limited, there are still enough unusual coins in circulation to make it worth a collector’s time to sort through the piles.
To get started in the process, you’ll want to make sure you gather all the coins you can. Empty your pockets and purses of all the change that you get each week. Put the coins in an open bowl that allows easy access to the coins.
To make the sorting process easier, and to assure you don’t miss anything, I would recommend you purchase at least a low-power magnifier (3x-5x). If you can afford it, a 15x-20x model would be a good second purchase, since it will allow you to see finer details if the low-power magnifier shows an odd mark. You’ll also want a good lamp to light the sorting area.
In addition to filling your initial collection, you’ll want to look for oddities. Look for odd marks on the front, back and sides of each coin. At first, you’ll spot lots of oddities, but after a while you will come to realize what is really odd and what isn’t, and your sorting will speed up.
Set all of the oddities to one side. With the remaining ‘normal’ coins you can start a new collection for a niece, nephew or grandchild. You can also start roll collections, in which you collect an entire roll of New York State quarters, for example. Or, you can simply put the coins back into circulation.
Once you’ve accumulated a good stack of ‘different’ looking American Coins, it is time to visit a coin shop to have them looked at.