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Started By
Message
What to do with old us mint coins and bills?
Posted on 1/18/23 at 8:53 am
Posted on 1/18/23 at 8:53 am
Was given a bunch of bags with us coins in it and bills I have never seen.
One is a bag full of Indian head pennies.
Silver dollars.
Lots of other ones.
Bills also small denominations but look really old different markings. A few dollars are real large sized.
What can I do with them?
Sell?
Keep?
How do I really know what I have without being screwed?
One is a bag full of Indian head pennies.
Silver dollars.
Lots of other ones.
Bills also small denominations but look really old different markings. A few dollars are real large sized.
What can I do with them?
Sell?
Keep?
How do I really know what I have without being screwed?
15
Posted on 1/18/23 at 8:54 am to Tvilletiger
I dunno but I have a $2 bill that I'm scared to use because I'm afraid people won't accept it.
Posted on 1/18/23 at 8:54 am to Tvilletiger
Look up sold prices for each on eBay and either sell or keep.
Posted on 1/18/23 at 8:54 am to Tvilletiger
I’ll give you $25 for the lot. Cash in hand
Posted on 1/18/23 at 8:55 am to Tvilletiger
Strip club
Posted on 1/18/23 at 8:56 am to Tvilletiger
If the coins have silver or copper in them, I would keep them.
Posted on 1/18/23 at 9:03 am to Tvilletiger
(no message)
This post was edited on 1/19/23 at 8:22 am
Posted on 1/18/23 at 9:04 am to Tvilletiger
Check out a coin dealer/pawnshop in town to get an idea of worth. You may sell some you may keep some.
Posted on 1/18/23 at 9:05 am to Ping Pong
If they're from the 1700sHow would we have indian pennies prior to our Govt being formed? I didnt know we had currency then.
Posted on 1/18/23 at 9:07 am to tigerfoot
I guess I am scared that someone would just take advantage of me if I brought them somewhere? Take the real good ones.
Posted on 1/18/23 at 9:08 am to Tvilletiger
I would imagine it would take a lot of leg work researching. But there seems to be many sources online.
Posted on 1/18/23 at 9:08 am to tigerfoot
quote:
If they're from the 1700sHow would we have indian pennies prior to our Govt being formed? I didnt know we had currency then.
Did you know the government was formed before the 1700s were over?
Posted on 1/18/23 at 9:09 am to Tvilletiger
If the silver dollars are Morgan dollars minted between 1878 and 1904, look for the New Orleans (O) or Carson City (CC) mint marks. Certain years from those two mints are extremely rare. There were a few years where Carson City minted less than 500,000 Morgans, and a couple of years where New Orleans only minted about 400,000 or less.
Posted on 1/18/23 at 9:13 am to Tvilletiger
quote:
I guess I am scared that someone would just take advantage of me if I brought them somewhere? Take the real good ones.
Just find a good site to look them up or buy a coin book and go through them all.
Then you'll know if you have any real rare ones.
Most aren't going to be special, but will be worth alot more than face value due to silver % in them.
Don't take them to a pawn shop, you'll get ripped off.
This post was edited on 1/18/23 at 9:14 am
Posted on 1/18/23 at 9:14 am to LSUfanNkaty
quote:
I dunno but I have a $2 bill that I'm scared to use because I'm afraid people won't accept it.
They will take it. I order $2 bills from the bank to use as tips. Every $2 bill is worth about $5 in the service and response level.
Posted on 1/18/23 at 9:15 am to biglego
quote:
Did you know the government was formed before the 1700s were over?
Did you know that Indian Head Pennies weren't minted until the mid-1800s?
Posted on 1/18/23 at 9:15 am to Tvilletiger
quote:
I guess I am scared that someone would just take advantage of me if I brought them somewhere? Take the real good ones.
Almost every coin imaginable is sold on eBay. Go find prices on eBay searching the CLOSED sales. Do not pay attention to prices set on a listing when it hasn't sold as sellers put stupid prices on their wares all the time.
Condition matters. Read up on how to grade a coin. You may not have it down pat, but you can educate yourself enough.
One of the most common mistakes newbies make when trying to sell or value any collectible is ignoring the huge price differentials between high grade items and lesser grade items (high condition items sell quickly for solid prices, other items, unless rare, don't).
Keep the silver as you might as well have precious metal around.
The paper money needs to be flattened out (but don't iron it) and put in some type of material to prevent further wrinkling. I would use glassine (which is breathable and acid frfee) envelopes that are available (e.g. from Coin Supply Express) BUT bear in mind that the life of a glassine envelope is 5 years. If you anticipate longer storage, get a Tvyek envelope.
Posted on 1/18/23 at 9:21 am to chinhoyang
Unless you have a home run coin (which is unlikely), why not keep them? They do not take up a lot of storage space.
If you do keep them, don't leave them in one giant sack (unless they are in "junk" condition -- look at some of the "junk silver" auctions for a comparison). Junk silver or junk copper (pre 1982 pennies) are coins whose value is based solely on their copper or silver content (due to condition issues).
If you have a silver dollar that is in nice condition and has some value (look up the coin on eBay), you might want to consider having it graded and slabbed.
There is no reason to go to some coin dealer as all of the information is readily available online. If you had something really rare, the dealer might be tempted to snooker you.
Also, don't listen to the schmos who tell you "oh, that coin is worth $300." I guarantee if your response was "well, give me $200 for it - a bargain price" they will run away.
If you find a common bill (a dollar bill), look at the serial number of see if there are any anomalies (after all, why would someone keep a standard bill?). For example, is the serial number in some type of interesting pattern (e.g. 123456789H).
If you do keep them, don't leave them in one giant sack (unless they are in "junk" condition -- look at some of the "junk silver" auctions for a comparison). Junk silver or junk copper (pre 1982 pennies) are coins whose value is based solely on their copper or silver content (due to condition issues).
If you have a silver dollar that is in nice condition and has some value (look up the coin on eBay), you might want to consider having it graded and slabbed.
There is no reason to go to some coin dealer as all of the information is readily available online. If you had something really rare, the dealer might be tempted to snooker you.
Also, don't listen to the schmos who tell you "oh, that coin is worth $300." I guarantee if your response was "well, give me $200 for it - a bargain price" they will run away.
If you find a common bill (a dollar bill), look at the serial number of see if there are any anomalies (after all, why would someone keep a standard bill?). For example, is the serial number in some type of interesting pattern (e.g. 123456789H).
This post was edited on 1/18/23 at 9:24 am
Posted on 1/18/23 at 9:25 am to chinhoyang
quote:
Every $2 bill is worth about $5 in the service and response level.
No shite? How does that work?
Posted on 1/18/23 at 9:32 am to Tvilletiger
quote:Those are called horse blanket notes.
A few dollars are real large sized.
I've been a dealer for 35 years and can give you a rough estimate from a picture if you want
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