Coins
Feb 10, 2014 09:47:18 #
bvm
Loc: Glendale, Arizona
jvo wrote:
The reason that the five dollar bill only has 26 states appearing on it is because the pictures on it are flat images. The names of the states appear on the picture of the Lincoln Memorial that is on the bill and as only the front of the building is visible, only the states featured on that part of it are showing on the five dollar bill.
There is a total of 36 stares when you see the sides.
When Lincoln died there were only 36 states.
Feb 10, 2014 09:54:10 #
Duane D.
Loc: Kalkaska, Michigan
I agree with Dave Johnson 100% but would add to get more then one est. as dealers will vary and grade coins different from one to another. There is a lot of difference from one grade to the next, up or down. Good luck.
Duane D.
Duane D.
Feb 10, 2014 10:07:20 #
Photographing every coin is not practical since there are hundreds of coins. I purchased a Blue Book which is better for knowing what I can sell the coins for. Red Book is more for wholesale....thx...
bvm wrote:
The first thing I would do is photograph each coin... (show quote)
Feb 10, 2014 10:52:00 #
gemlenz wrote:
I inherited a coin collection from my Dad and was wondering how I should go about getting it appraised?
Get the latest book showing coin values. Assign prices based on the book's instructions on how to grade a coin. After doing this, go to a good appraiser for an expert opinion. By doing your homework first, you will know if the guy is legit, or trying to scam you. Knowledge is power!
Feb 10, 2014 11:07:01 #
Good luck with your quest,when you want to sell it's junk, when they want to sell it's golden. Watch your back. Went through the same thing, still have most of the collection.
Feb 10, 2014 11:31:26 #
gemlenz wrote:
How do you know you won't get ripped off?
Maybe take it to a couple of them, or ask some friends if they know of any reputable coin dealers. Also, whenever I want a general idea about what something is worth, I go to ebay. Not what is on auction now, but what has already sold. You can search on those. Cheers.
Feb 10, 2014 11:47:05 #
Here is a link that may be helpful for you. It is constantly updated.
http://www.pcgs.com/prices/
If there are ever any coin shows in your area, you can also get some consensus of value by asking a number of coin dealers. The shows are usually free to enter. But, you will quickly see some significant variance in dealer offers.
http://www.pcgs.com/prices/
If there are ever any coin shows in your area, you can also get some consensus of value by asking a number of coin dealers. The shows are usually free to enter. But, you will quickly see some significant variance in dealer offers.
Feb 10, 2014 11:49:12 #
gemlenz wrote:
I inherited a coin collection from my Dad and was wondering how I should go about getting it appraised?
As a coin collector myself, the best recommendation i can give you is to find a coin convention in your local area. Ask the people there what the collection may be worth. If you go to the blue or red book, there is a tendency for you to add more to the condition of the coins...in other words if a coin is fair, the tendency is to say it is in good condition. Read about what to look for first. Then try to assess the value. If you go to a coin dealer, they will be looking to purchase your collection and the tendency will be not to give you the actual value.
Rich
Feb 10, 2014 12:37:38 #
Someone mentioned a Grey Sheet. Should I ask to see that? I did buy a 2014 Blue Book.
Rich2236 wrote:
As a coin collector myself, the best recommendatio... (show quote)
Feb 10, 2014 12:44:07 #
gemlenz wrote:
Someone mentioned a Grey Sheet. Should I ask to see that? I did buy a 2014 Blue Book.
Yes, LOOK at it but dont purchase anything out of hand.
Rich
Feb 10, 2014 14:13:12 #
gemlenz wrote:
I inherited a coin collection from my Dad and was wondering how I should go about getting it appraised?
I have been collecting coins since the '30's and my go-to source for prices is "COIN WORLD" magazine which can be found in book stores, prescription and on line (iPad, etc). The RED/BLACK books are fixed values where as Coin World fluxuate weekly and has a great amount of dealers around the country that will appraise your coins.
Happy hunting!!!
I meant "subscription!!!"
Feb 10, 2014 16:18:00 #
I only buy a Red Book every 5 years. I never use it as a guide for values. I still say the best guides are on-line. I mentioned above the Professional Coin Grading Service website. They are considered #1 in coin grading. So the site should be reasonably reliable.
http://www.pcgs.com/prices/
In addition, look what someone is willing to pay for a similar coin on Ebay. That's what it is worth, i.e. what someone is willing to pay. They show a photo of the coin. Compare yours with theirs for condition. Establishing a reasonable value is not that complicated. More people are looking for a particular coin on Ebay than any other place.
Absent that, I would attend local coin shows.
http://www.pcgs.com/prices/
In addition, look what someone is willing to pay for a similar coin on Ebay. That's what it is worth, i.e. what someone is willing to pay. They show a photo of the coin. Compare yours with theirs for condition. Establishing a reasonable value is not that complicated. More people are looking for a particular coin on Ebay than any other place.
Absent that, I would attend local coin shows.
Feb 10, 2014 16:28:07 #
flathead27ford wrote:
Maybe take it to a couple of them, or ask some friends if they know of any reputable coin dealers. Also, whenever I want a general idea about what something is worth, I go to ebay. Not what is on auction now, but what has already sold. You can search on those. Cheers.
I agree about eBay. I sell coins on eBay and I always check what others are selling for before I list them.
Also, there are always pictures that help you see what grade your coin vs. their coins.
If you have a lot of coins...you have a lot of work.
Handle your coins with cotton or surgical drugs.
One more thing. Rather than going through the listings of all the same coins, you can easily see what that coins has already sold for by checking off the SOLD box on the left.
Feb 10, 2014 21:19:09 #
gemlenz wrote:
I inherited a coin collection from my Dad and was wondering how I should go about getting it appraised?
Remember this date, 1964, and grab all the dimes, quarters and half dollars that are dated 1964 and before and put those aside. Most of those you sell for the silver content. The coin books, the internet and e-bay will give you an idea as to what is valuable to a collector. Every serious collector is always looking for condition and coins have a wide grading range.
Good luck and have some fun and even make some money.
Feb 11, 2014 04:19:36 #
Save those indian head pennies, over the years some of them have as much as DOUBLED in value!
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