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Started By
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re: What to do with old us mint coins and bills?
Posted on 1/18/23 at 9:32 am to tigerfoot
Posted on 1/18/23 at 9:32 am to tigerfoot
quote:
If they're from the 1700s
quote:Some of the colonies minted their own coins prior to Independence.
How would we have indian pennies prior to our Govt being formed? I didnt know we had currency then.
Regular U.S. Mint coinage began in 1792. Indian Head pennies were struck 1859-1909.
Can you post pics of a few of them? I'd keep all that shite. Seriously.
This post was edited on 1/18/23 at 9:37 am
0
Posted on 1/18/23 at 9:39 am to LSUfanNkaty
quote:
No shite? How does that work?
It is not through an exchange rate
. Waiters, valets, etc. love to get two dollar bills. When I was in New Orleans last week, I tipped the parking valet with five $2 bills. You'd have thought I gave him $20. When I needed my car, it arrived in a hurry. I was moved ahead of other people. Tip recipients love to receive a $2 bill - it is special to them.Posted on 1/18/23 at 9:40 am to Mo Jeaux
quote:
Did you know that Indian Head Pennies weren't minted until the mid-1800s?
I don’t know the first thing about Indian head coins and I never claimed to
Posted on 1/18/23 at 9:40 am to Ping Pong
quote:
how old? If they're from the 1700s, they can be worth over $500 each
Indian head pennies weren't produced until 1859.
Posted on 1/18/23 at 9:41 am to chinhoyang
quote:OP, this is good advice.
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.
If you are near Metairie, visit Causeway Coins and ask for Mike (the owner).
I’ve known him for over 25 years and he’s always been an honest businessman.
He’s got brick and mortar overhead in addition to not working for free so he has to “buy low- sell high”, but he’s not going to abuse you like some other folks.
Avoid any/all pawn shops, they generally pay ~50% or less on value.
There are subtleties to coin and currency condition that can drastically affect the value.
Just because you have the exact same date and mintmark coin as one you see that sold for “x” on eBay, your coin may be worth much more or much less than that one.
It takes a trained eye to correctly do a correct valuation on collector coins and currency.
Posted on 1/18/23 at 9:42 am to chinhoyang
quote:
Tip recipients love to receive a $2 bill - it is special to them.
Only the special tip recipients
Posted on 1/18/23 at 9:43 am to Tvilletiger
quote:
One is a bag full of Indian head pennies.
If you are selling then I will buy these
Posted on 1/18/23 at 9:45 am to Tvilletiger
quote:
guess I am scared that someone would just take advantage of me if I brought them somewhere?
Pay them for the evaluation. Their time is worth something and then you can get a second opinion.
Posted on 1/18/23 at 9:49 am to Tvilletiger
Posted on 1/18/23 at 9:58 am to chinhoyang
The couple times I've been to Teds in Atlanta, they gave me $2.00 bills for my change
Posted on 1/18/23 at 10:08 am to chinhoyang
quote:
It is not through an exchange rate
Ahhhhh
Posted on 1/18/23 at 10:13 am to Broke
quote:
I've been a dealer for 35 years
quote:
Broke
I would pass if I were the OP.
Posted on 1/18/23 at 10:14 am to Broke
Thanks they are at the house so cannot do it now.
Posted on 1/18/23 at 10:16 am to SUB
quote:
Look up sold prices for each on eBay and either sell or keep.
I took a silver coin to a dealer to have him look at yesterday. He quoted me $55. The exact same coin has sold for over $100 on eBay - don't trust anyone.
Posted on 1/18/23 at 10:19 am to Tvilletiger
Did you break into someone’s safe?
Posted on 1/18/23 at 10:25 am to Eightballjacket
No it was a shoebox. Found a cool app called called coin snap going to mess with it this weekend. Attempt to maybe category them see if my teenager is interested in doing that. Don’t think I would ever have a reason to sell them unless it was something insane.
Posted on 1/18/23 at 10:26 am to Tvilletiger
Gun shows often have people buying and selling that kind of atuff
Posted on 1/18/23 at 10:26 am to biglego
quote:Ok, so when did we establish federal currency? I think it was around the time of the Civil War.
Did you know the government was formed before the 1700s were over?
Posted on 1/18/23 at 10:39 am to cable
quote:Are you experienced in evaluating coins to make this assertion?
I took a silver coin to a dealer to have him look at yesterday. He quoted me $55. The exact same coin has sold for over $100 on eBay - don't trust anyone.
I am, I’m credentialed and have been messing with coins since around 1970.
Please post detailed images of both sides of each coin here and I will confirm or refute your opinion.
There are crappy coin dealers on the street as well as on eBay to be sure.
Additionally, just because someone paid $100 for a single coin on eBay doesn’t mean that $100 is the actual Fair Market Value, the purchaser could have paid too much for the coin.
I have on occasion paid too much for a specific coin to finish out a series or for a presentation set.
There are very clever forgeries of US Gold & Silver collector coins coming out of (who would ever have guessed it) China.
Again to my global point about messing with collector coins, you need to either be an expert or find an expert who you trust.
Posted on 1/18/23 at 10:48 am to Tvilletiger
Do NOT clean them.
*based on watching Pawn Stars
*based on watching Pawn Stars
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