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Started By
Message
Anyone Here Collect Coins?
Posted on 1/31/14 at 2:21 pm
Posted on 1/31/14 at 2:21 pm
Serious question.
I have some coins that were inherited. Their value as collectables doesn't mean much to me so I am considering selling them.
Other than inflation what will determine if these coins appreciate in value?
Thanks in advance.
I have some coins that were inherited. Their value as collectables doesn't mean much to me so I am considering selling them.
Other than inflation what will determine if these coins appreciate in value?
Thanks in advance.
Posted on 1/31/14 at 2:25 pm to RhodeIslandRed
What kind of coins we talking? And who left them for you?
Posted on 2/3/14 at 7:53 pm to OnTheBrink
Uncirculated 1879 CC silver dollar from the GSA hoard to start with. I inherited it from my father if that matters.
Posted on 2/3/14 at 7:57 pm to RhodeIslandRed
I have a few Carson City Morgan dollars.
Posted on 2/3/14 at 9:03 pm to LSURussian
quote:
I have a few Carson City Morgan dollars.
From the GSA hoard? If so then look for an 1879.
I have one and so does my cousin. My sister might too, but she is too lazy to get off her arse and go through the safe deposit box our father stocked for her.
This post was edited on 2/4/14 at 10:24 am
Posted on 2/3/14 at 9:17 pm to RhodeIslandRed
No. I have an 1878, 1890 & 1891 CC Morgan.
Posted on 2/3/14 at 9:27 pm to LSURussian
quote:
No. I have an 1878, 1890 & 1891 CC Morgan.
If you want to sell them then I would recommend contacting Scotsman Coin / Auction in St. Louis.
I shopped my coins to three different dealers and Scotsman Coin / Auction was by far the most honest and professional that I found.
This post was edited on 2/4/14 at 10:20 am
Posted on 2/3/14 at 9:29 pm to RhodeIslandRed
Thanks but I've never sold a coin.
Posted on 2/3/14 at 10:19 pm to RhodeIslandRed
I'd buy some coins from you, but I'd have to know what you have and how much you want. I am no coin grader. I look at the Redbook to get an idea of the grade. Coin grade affects price.
Are most of the coins uncirculated?
Are most of the coins uncirculated?
Posted on 2/3/14 at 11:55 pm to djmicrobe
What are the denominations?
Silver face value?
Silver face value?
Posted on 2/4/14 at 12:44 am to RhodeIslandRed
I did when I was a kid, haven't touched it in years, but I was serious about it back in the day.
Condition and rarity are the biggest factors.
Condition and rarity are the biggest factors.
Posted on 2/4/14 at 7:19 am to RhodeIslandRed
quote:
Uncirculated 1879 CC silver dollar from the GSA hoard to start with
Bro, keep that! CC Morgans are very hard to come by, especially uncirculated! Just out of curiosity, what are the offering to pay you?
quote:
I inherited it from my father if that matters.
Depends. That is the only reason I started collecting coins, to pass them down. Maybe he had the same thought, or maybe he just wanted to leave them for you to sell.
Do you really need the $200 they are offering to pay you? I am guessing that number is somewhere around there. Why not hang it to for a few more years.
Posted on 2/4/14 at 9:05 am to RhodeIslandRed
Got any UC walking liberty halves?
Posted on 2/4/14 at 10:22 am to OnTheBrink
quote:
Just out of curiosity, what are the offering to pay you?
Considerably more than the $4,450 it was listed at in my 2014 coin guide. Instead of selling it to them outright I am going to put it in their auction. Whatever it brings I will immediately convert to gold bullion.
This post was edited on 2/4/14 at 10:34 am
Posted on 2/4/14 at 10:26 am to RhodeIslandRed
quote:
Considerably more than the $4,450
Posted on 2/4/14 at 10:59 am to RhodeIslandRed
I had a dozen silver dollars from 1900-1910. Gave them to my son 5 years ago. I encouraged him not to sell but to hand it down to grand son.
BTW, quarters minted in the 1960s are very valuable to professional golfers. On the PGA tour there is a superstition that you will shoot the year of your ball marker. So, if you mark your ball with a 1965 quarter you're gonna shoot a 65. If you use a brand new quarter you're gonna shoot a 114.
BTW, quarters minted in the 1960s are very valuable to professional golfers. On the PGA tour there is a superstition that you will shoot the year of your ball marker. So, if you mark your ball with a 1965 quarter you're gonna shoot a 65. If you use a brand new quarter you're gonna shoot a 114.
Posted on 2/4/14 at 11:05 am to Zach
quote:
I had a dozen silver dollars from 1900-1910. Gave them to my son 5 years ago. I encouraged him not to sell but to hand it down to grand son.
I have some that belonged to my grandparents and also the two that were in my great grandfather's pocket when he died. They will never be for sale at any price. But collectible coins void of sentimental value don't mean much to me.
Posted on 2/4/14 at 1:14 pm to OnTheBrink
quote:My well circulated 1978 CC Morgan sells for about that.
Do you really need the $200 they are offering to pay you? I am guessing that number is somewhere around there.
Any uncirculated CC Morgan attracts top dollar bids. Especially if the owner can prove it's been in the family for a long time and therefore not a recent counterfeit from China.
Posted on 2/4/14 at 1:17 pm to LSURussian
quote:
Any uncirculated CC Morgan attracts top dollar bids.
Yeah, yeah, I am gathering that. To say I was slightly off is a bit of an understatement ehh?
Posted on 2/4/14 at 2:22 pm to LSURussian
quote:
Any uncirculated CC Morgan attracts top dollar bids. Especially if the owner can prove it's been in the family for a long time and therefore not a recent counterfeit from China.
In 1972 the GSA sold off uncirculated CC Morgan silver dollars. I have several, including an 1879, which is rarest. The coins are all in plastic cases inside blue boxes with GSA provenance certificates. The owner of Scotsman Coin / Auction told me that because it is certifiably from the GSA hoard it adds a grand to the value.
This post was edited on 2/4/14 at 2:23 pm
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