Does anyone know of a website or easy way to see if an old coin collection is worth anything? My grandfather was a coin collector but now his collection sits in boxes in my garage.
2006-12-05 14:21:40 · 11 answers · asked by greg b 1 in Games & Recreation ➔ Hobbies & Crafts
If it was a colection, most likely it has value. The scope of the value, however, is what is hard to determine here. I would say $300 to $20,000 is a very realistic range, maybe higher.
There are many websites for values of US coins, one I would recommend would be PCGS.com. They have a value section. A lot easier, (for me) way would be to invest in a $15 book, the "Redbook", and look up the values there. This book will also give you instructions on how to grade each series, and grade is sometimes the most important aspect of the price. If you don't want to buy the book, search for websites that show how to grade each series, grade the coins, then look up the prices at PCGS. When dealing with price guides, always remember that the prices are for retail, and a dealer will probably pay you about 50% of retail for the coins. However, if you go through all the coins, you will know what the expected retail would be, and which coins are the most valuable. Also keep in mind all silver coins are currently worth 10x their face value just for silver, so that will be the minimum value of common or low grade silver coins.
2006-12-06 03:54:28 · answer #1 · answered by medoraman 3 · 0⤊ 0⤋
First of all coins in a garage can get environmental damage and become worthless real fast. Get them inside the house. It would be easier to buy a magazine like Coinage or Coins and go through the coins to see what are valuable and what are common. The prices are retail and you would get less. The point is that at least you will know what is valuable and what is not. One other point holder from years ago were not safe for long time storage and could be ruining the coins as you read this. You can go to http://coins.about.com for some help. I believe it is run by a dealer as a help to collectors at least it used to be.
2006-12-06 04:57:20 · answer #2 · answered by Taiping 7 · 0⤊ 0⤋
What sudonym x said was pretty good. However, eBay's fees wind up being about the same thing you'd get from coin collectors, except you have to put up with all that comes to having a business, including probably paying taxes on your stuff if the IRS finds out.. lol. Seriously, unless you're in the mood for a headache and lots of running around, jumping through hoops, and the possibility of reimbursing people because Italy has a history of "losing" packages, I would advise against it. Your best bet would probably be a coin show. I think they just have a standard fee - something like $50 for the day, plus parking costs or something. You could list it on Craislist, and pay nothing; but then everyone expects to get a discount because you're selling on Craiglist! Yard sales, forget about it! Even less. You could probably put ads in the paper -- listing "Indian Head 1877 AU" ect etc -- but that would take forever to sell as there wouldn't be much of a consumer base there. Really, coin show sounds good. Sounds like you have an interesting collection that would be reason enough to give it a try. And they have security, so you can bring it all in and sell off hopefully a lot in one sitting.
2016-05-22 22:57:29 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes they are valuable.My father left me a bunch of old coins when he passed away,i treasure them.My husbands grandfather also left him a large sack of coins,and they are valuable also.better be careful though and find out how much they are worth if you plan to sell,there is a lot of scams out there just looking to take advantage of you,don,t let that happen.
2006-12-05 14:31:32 · answer #4 · answered by slickcut 5 · 0⤊ 0⤋
Maybe check out the web page above on the next answer
2006-12-05 14:29:22 · answer #5 · answered by SIN 2 · 0⤊ 0⤋
You will want to save them won't you? For your kids, and their kids, to remember the family by? Yes, they may be worth something, but the value is higher to you because they belonged to your family. Just a thought.
2006-12-05 16:20:00 · answer #6 · answered by oceansnsunsets 4 · 0⤊ 0⤋
Check eBay completed auctions to see what the market value would be.
2006-12-07 04:36:03 · answer #7 · answered by Anonymous · 0⤊ 0⤋
my husband collects coins, and he checks on ebay to see if any of his are on there. you would be surprised!
2006-12-05 14:29:43 · answer #8 · answered by Anonymous · 1⤊ 0⤋
they are probably very valuable.. check coin sites and/or e-bay
2006-12-05 21:44:26 · answer #9 · answered by marieh000 2 · 0⤊ 0⤋
yes!~!!! u may never know what value those coins have!!!!
2006-12-05 16:39:48 · answer #10 · answered by proud_azn 1 · 0⤊ 0⤋