Tips from MT Coin Collectors
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re: Tips from MT Coin Collectors
Posted by chuckitdeep on 12/29 at 7:04 pm to DaBeerz
Can you sell those pennies? I read the earlier links about silver coins being ok to melt but not pennies and nickels.


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Posted by matthew25 on 12/29 at 7:38 pm to chuckitdeep
I have always been informed/read that melting US coins is still illegal.

You can melt Canadian coins.


This post was edited on 12/29 at 7:48 pm

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Posted by RickAstley on 12/30 at 12:12 am to Lsut81
I organized the majority of my personal collection months ago so fortunately a lot of the foundation is complete. I'm trying out coin roll hunting and learning about specific dates to look for during coin picking. So far I have learned a little bit about the nickels. Eventually I will be left with bartering, or simply buying coins I can't find for my collection.

As to having a goal in all of this, I haven't made it that far. I find it interesting enough as it is learning about coins and developing a collectors mindset.



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Posted by Kajungee on 12/30 at 9:01 am to drewnbrla
As for Silver content yall are missing out on the wartime Silver nickles. 1942-1945 with the large mint mark. There nickles have 35% silver content.

Any serious collectors here can tell me the best way to go about selling off a large collection ?



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Posted by Lsut81 on 12/30 at 10:02 am to RickAstley
quote:

As to having a goal in all of this, I haven't made it that far.


Me either... I'm gonna go through and keep at least one of every year that I have and then the really special ones of course.

After that, I don't know if I should roll the dimes and quarters and then sell them off in bulk or not



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Posted by drewnbrla on 12/30 at 12:23 pm to Lsut81
Thought I'd share a couple pictures of my collection. It's not much. It's mainly comprised of Morgan's, Bullion Silver Eagles, Various Bullion rounds and Scottsdale Bullion bars. I have other coins (Buffalo nickels, 1812 quarter and 1802 large date cent) but thought I'd post these only...

Sorry about the large size of the pictures, I took the pictures and uploaded them to photo bucket on my iPhone.

Buffalo Silver rounds and various other bullion:


Scottsdale Silver Bullion bars (1oz each):


Various Dated Silver Eagles (Majority are 2011 but others dated 1986, 1987, 1996, 2000 & 2012)


1901-O Morgan Dollar ICG graded 65..I think its really a high 55-60 myself. [FRONT]


1901-O Morgan Dollar ICG graded 65. [BACK]

Various Lower quality Morgan Dollars (Various Dates & Mints):


Various Higher quality Morgan Dollars (Various Dates & Mints):


My only Peace Dollar:



This is my favorite Morgan because when my father died in 2007 from prostate cancer, I got his small coin collection. In that collection was a very nice 1882-O Morgan. I was born in 1982 and seeing as how I was born in Baton Rouge and NOLA being down the road, the coin had sentimental value to me. Long story short, one of the ladies on the cleaning staff we hired to clean our office, stole the coin off of my desk. I kept it at work to remind me of my father and his lessons of hard work and dedication and the bitch stole it and lied about it. We no longer have a contract with the cleaning service anymore due to this theft and of other office supplies. I never received the coin back so, I went and purchased another one because of what the coin meant to me.
Morgan 1882-O [FRONT]:


Morgan 1882-O [BACK]:


Artificially toned Morgan [FRONT]


Artificially toned Morgan [BACK]



This post was edited on 12/30 at 12:25 pm

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Posted by chuckitdeep on 12/30 at 4:58 pm to drewnbrla
That's really cool stuff. Sorry to hear about the coin your dad gave you. I hate a thief. Did you buy your bullion before or after silver got so high? Ive got a couple of Morgans in ok at best shape from 1921. I like the collection


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Posted by Tiger in Texas on 12/30 at 7:17 pm to matthew25
quote:

Next to impossible to find silver coins today. Bank employees are also coin collectors and several sell on ebay.



So true, when I was a kid, I could still get in my change, Liberty Walking Quarters or Half's, silver coins in general, but today you are almost hard pressed to find a wheat penny. Too many collectors, and let's face it, coins today (after 1964) became 'clad coinage' and will never achieve value of some earlier coins, except for maybe some proofs, and then gold coins.
Anyone starting Coin Collecting, I would recommend Jefferson Nickels- even the rarest date is available for a good price (1950D) & you even get to include the silver war nickels. Roosevelt dimes is an option too, which includes a lot of silver years, without any very rare dates that cost a mint (pun intended).
Personally, I collect all American coins- Large Cents, Half cents, etc., but Jeff. Nickels & Roos. dimes are the easiest to obtain complete sets without trying to break the bank. It's a fun hobby...



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Posted by OnTheBrink on 12/30 at 8:07 pm to drewnbrla
Drew- very impressive!

I enjoy reading your insights on silver and coin!!



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Posted by barry on 12/30 at 8:44 pm to Broke
quote:

Just picked up a nice graded piece from the El Cazador


I saw some pieces in that gun and coin shop on royal street. I did well at harrahs and almost bought some but I decided to do more research first.



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Posted by chuckitdeep on 12/30 at 9:19 pm to barry
I was looking at some of those on eBay. Im always skeptical of some coins because my knowledge of coins is pre 64 US silver coins. Still trying to learn though.


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Posted by matthew25 on 12/30 at 10:22 pm to chuckitdeep
Grading services for coins: Top 2 are PCGS and NGC. ANACS also has a favorable reputation.


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Posted by RickAstley on 12/31 at 8:15 am to drewnbrla
Awesome pics. I'll take note of your story about the Morgan 1882 being stolen. If I get around to it I will post some of my collection, but it wont be til later in the week. I am on the road for a few days for travel


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Posted by RickAstley on 12/31 at 8:19 am to Tiger in Texas
quote:

Anyone starting Coin Collecting, I would recommend Jefferson Nickels- even the rarest date is available for a good price (1950D) & you even get to include the silver war nickels.


I completed a box of $100 in nickels yesterday. I will try to get around post the results of what I picked. I got two bags of nickels, one was swap change, and one is nickels I picked. So I will dump that out and recap it. Definitely easy success for finding nickels between 1940 and beyond in that first box.



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Posted by drewnbrla on 12/31 at 9:58 am to chuckitdeep
quote:

That's really cool stuff. Sorry to hear about the coin your dad gave you. I hate a thief. Did you buy your bullion before or after silver got so high? Ive got a couple of Morgans in ok at best shape from 1921. I like the collection


I have a lot of 1921 Morgans. There extremly plentiful and easy to find. Plus, although the total mintage of 1921's was 86,730,000 (P Mint 44,690,000-- D Mint 20,345000--- S Mint 21,695,000) you can grab some higher quality Morgans without the sticker shock and high premiums that are attached to earlier Morgans of equal quality.

As far as when I obtained my Bullion, I dont base my purchases around what the spot prices are. I set aside $200 each paycheck on (15th & 30th)and buy what I can with my budgeted allowance.



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Posted by Lsut81 on 12/31 at 1:38 pm to drewnbrla
quote:

As far as when I obtained my Bullion, I dont base my purchases around what the spot prices are. I set aside $200 each paycheck on (15th & 30th)and buy what I can with my budgeted allowance.




Where do you buy your bullion?

What are the safest places?

I've got some cash in hand and would like to pick up some.

TIA



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Posted by OnTheBrink on 12/31 at 1:49 pm to Lsut81
I know you were not asking me, but I use APMEX.com. Some of the best prices I found and very good with delivery.


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Posted by Lsut81 on 12/31 at 1:52 pm to OnTheBrink
quote:

I know you were not asking me, but I use APMEX.com. Some of the best prices I found and very good with delivery.


Any help is appreciated...

I honestly don't know how purchasing stuff like that works. Everything I have has been given to me, so I've never really had to do it myself. But now that I am going through it, I find myself more and more interested and silver sounds like the best investment currently



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Posted by matthew25 on 12/31 at 3:13 pm to Lsut81
Take a look at a historical chart (like kitco.com) from 2000 - 2012 and let me know where the silver market is headed. Some say $50.


AMPEX also has charts.


This post was edited on 12/31 at 3:15 pm

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Posted by LSUtoOmaha on 12/31 at 3:58 pm to matthew25
Historical charts tell you nothing about the prospective value of a commodity.


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