I want to cash them in for money because I am never going to even bother trying to collect anymore. The coins are different in their values and some of them are foreign. If I go to a pawn shop then they are only interested in widow's mite's and other ancient coins. I don't like to do transactions on the internet and want to find a local shop who will just take my box of coins and give me a large lump sum.
Is this a bad idea??? Does anyone have any suggestion on what I could do or where I could go???
2007-11-09 14:23:00 · 6 answers · asked by Anonymous in Games & Recreation ➔ Hobbies & Crafts
1 - Take your coin to a local coin dealer (trustworthy ones can be found - shop around). It never hurts to get a second opinion. They will be able to tell you so much more by evaluation the condition of the coins. They will also know the amount minted and what it is going for in today's market.
2 - Try posting pictures on this website (there are many experts here that can help you evaluate it - there also may be people willing to buy if you are trying to sell):
http://www.coincommunity.com/forum/default.asp
3 - Repost this question and include pictures. You can use websites like http://www.photobucket.com and include the link in your question.
Good luck!
P.S. You should not clean your coins. Most coin collectors see cleaning a coin as the equivalent of stripping down antique furniture and refinishing it.
When cleaning, the surface metal of the coin is often stripped. Anything used to scrub the coin will leave scratches (even 100% pure silk will leave hairline scratches). Most cleaning products will have some type of reaction with the coin's metal and the surface metal can also be removed in this manner.
Your best bet is to leave the coins alone. Cleaning the coin will leave traces - which can be found by the knowledgeable collector - who in turn will not buy the cleaned coin. Also if you ever wanted to send your coin into a grading company, they can recognize signs of cleaning and will send your coin back in a "cleaned" slab (also called a "body bag" in the coin world) - which is usually a greatly decreased value.
If you absolutely must must must clean your coins do not use the method described above as it will react with the metal in your coin. Use 100% acetone (do not use fingernail polish remover!). It must be 100% pure because other additives will react with the coin metal. Place your coin(s) in the solution for several minutes (do not leave in for long periods of time). Rinse your coin(s) in distilled water. Next remove your coins and either pat dry with a soft cloth or allow the coin to air dry (air drying is better as you don't risk scratching the coin with the cloth). NEVER scrub your coins!
I would still advise you to leave your coins as they are. They may not be bright and shiny but that is what most collectors prefer.
2007-11-10 13:43:23 · answer #1 · answered by Anonymous · 1⤊ 0⤋
You need to do so work on your own in order to get fair market value. U.S. coin dealers know little about world coins and pay very little for the. Also the worse place to sell coins is a pawn shop no matter what they are. You will need to also find a dealer in world coins. maybe there is a coin club in your area and a member I know would be glad to help you. If the U.S. coins go into the 1800's through the 1930's you may want to buy a Coins or Coinage magazine so you will get an idea if you have any really rare coins. The prices are retail and dealers pay 40% or more less but if a coin you have say in grade good lits for $100 in good and a dealer offers you say $10 you know he is a crook. Most dealers are honest folk and if they have been in business for sometime they are okay. No harm in going to more than one.
2007-11-10 07:12:14 · answer #2 · answered by Taiping 7 · 0⤊ 0⤋
You will have to google the details of each coin to find their value, or take your box from shop to shop and take their word for it as to whether there is anything valuable in there.
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2007-11-09 22:52:29 · answer #3 · answered by Kacky 7 · 0⤊ 0⤋
You could give them to UNICEF, they take all denominations of coin from around the world and use them to help disadvantaged people. This is probably only helpful if they are current coins, but it is an idea.
2007-11-09 16:37:46 · answer #4 · answered by Andrea S 1 · 0⤊ 0⤋
keep the coins for another ten years then find out what there worth :)kidding just ask your mom maybe she knows.
2007-11-09 17:44:59 · answer #5 · answered by zan c 3 · 0⤊ 0⤋
Maybe go to the local bank and see if they can help.
2007-11-09 15:18:31 · answer #6 · answered by davidlikebooks 2 · 0⤊ 0⤋