Need Advice, Please!!

Need Advice, Please!!

Post by pandja » Thu, 01 Jul 1999 04:00:00



I have inherited a large amount of old coins(my guess is in excess of 2000
coins).  They have sat in my closet for over five years, because I never
have time to actually go through each and every coin.  However, the dimes
are my biggest concern.  I have a total of 80+, that are Mercury dimes,
mostly 1940-1945.  They are in very good to excellent condition.  Some have
alot of luster on them, while others have lost their luster, but have very
little wear on them.  Needless to say, I don't think I could afford to have
them graded, since there are so many of them.  I also have many that are
worn, from earlier years.  I don't know that much about the coins, to
actually "do" anything with them, so I put them back in the closet for a few
more years.  Yet, when I see on ebay that some of these coins are actually
worth something, (maybe not much, but more than a dime!!), I wonder WHAT I
should do.  In addition to the dimes, I have several hundred wheats, and a
few hundred nickels, among many others.  Any suggestions on what to do with
so many coins?!
Thanks for your time!!

Pat

 
 
 

Need Advice, Please!!

Post by Wayne Free » Thu, 01 Jul 1999 04:00:00


Your dimes are worth atleast 35c each for the
silver value....take them a local coin shop
and ask them to make an offer.....

 
 
 

Need Advice, Please!!

Post by Robert Hah » Thu, 01 Jul 1999 04:00:00


It would pay to invest in the Official Red Book for coins by R.S
Yeoman.(Approx.. $10.00). You might find that you have some coins worth
considerably more than $.35 and you might find that you enjoy the hobby. You
should have some idea what they might be worth prior to going to a dealer.
If you don't want to spend the time you should at least take them to several
dealers before selling.
Quote:

>I have inherited a large amount of old coins(my guess is in excess of 2000
>coins).  They have sat in my closet for over five years, because I never
>have time to actually go through each and every coin.  However, the dimes
>are my biggest concern.  I have a total of 80+, that are Mercury dimes,
>mostly 1940-1945.  They are in very good to excellent condition.  Some have
>alot of luster on them, while others have lost their luster, but have very
>little wear on them.  Needless to say, I don't think I could afford to have
>them graded, since there are so many of them.  I also have many that are
>worn, from earlier years.  I don't know that much about the coins, to
>actually "do" anything with them, so I put them back in the closet for a
few
>more years.  Yet, when I see on ebay that some of these coins are actually
>worth something, (maybe not much, but more than a dime!!), I wonder WHAT I
>should do.  In addition to the dimes, I have several hundred wheats, and a
>few hundred nickels, among many others.  Any suggestions on what to do with
>so many coins?!
>Thanks for your time!!

>Pat

 
 
 

Need Advice, Please!!

Post by <Dus.. » Thu, 01 Jul 1999 04:00:00


I agree.  I am in the same situation (almost.)  I have inherited probably
close to 1000 stamps from the late 1800's and early 1900's, and have no idea
where to start.  The best thing you can do is buy a book and do a little
research before you decide to sell anything.  That alone will dramatically
decrease the chance of you selling something at a huge discount just to sell
it, although it may be quite valuable.


Quote:
> It would pay to invest in the Official Red Book for coins by R.S
> Yeoman.(Approx.. $10.00). You might find that you have some coins worth
> considerably more than $.35 and you might find that you enjoy the hobby.
You
> should have some idea what they might be worth prior to going to a dealer.
> If you don't want to spend the time you should at least take them to
several
> dealers before selling.

> >I have inherited a large amount of old coins(my guess is in excess of
2000
> >coins).  They have sat in my closet for over five years, because I never
> >have time to actually go through each and every coin.  However, the dimes
> >are my biggest concern.  I have a total of 80+, that are Mercury dimes,
> >mostly 1940-1945.  They are in very good to excellent condition.  Some
have
> >alot of luster on them, while others have lost their luster, but have
very
> >little wear on them.  Needless to say, I don't think I could afford to
have
> >them graded, since there are so many of them.  I also have many that are
> >worn, from earlier years.  I don't know that much about the coins, to
> >actually "do" anything with them, so I put them back in the closet for a
> few
> >more years.  Yet, when I see on ebay that some of these coins are
actually
> >worth something, (maybe not much, but more than a dime!!), I wonder WHAT
I
> >should do.  In addition to the dimes, I have several hundred wheats, and
a
> >few hundred nickels, among many others.  Any suggestions on what to do
with
> >so many coins?!
> >Thanks for your time!!

> >Pat

 
 
 

Need Advice, Please!!

Post by WY5L » Sat, 03 Jul 1999 04:00:00


pandjay quoted:>Yet, when I see on ebay that some of these coins are actually

Quote:
>worth something, (maybe not much, but more than a dime!!), I wonder WHAT I
>should do.
>I have a total of 80+, that are Mercury dimes,
>mostly 1940-1945.  They are in very good to excellent condition.  Some have
>alot of luster on them, while others have lost their luster, but have very
>little wear on them.

Silver coins are worth 4 times face value for scrap. (melt down)