How Much Is the Coin Collection I Inherited Worth?
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- Опубликовано: 1 авг 2024
- My friend inherited a coin collection from a relative of the family and suggested that I review and determine a value of the collection as a video idea for my channel. What a great idea! So featured in this video are highlights of the collection and how I approached grading and valuing it for both insurance purposes or what they could expect a coin dealer might pay for it.
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Do you want my cool coin roll hunting mat? You can buy one by visiting my store: www.ebay.com/itm/284893778026
I bought my first CC dollar at an auction my local coin club had every month at our meetings. It was a strong VF and I paid $4.20. This was back in the very early ‘70’s.
Great purchase!!!
I really enjoy watching videos of coin collections. Thanks for uploading.
Thanks for watching
He was very lucky to have someone like you...I inherited one also but I was dumb enough to be taken advantage of by some very seedy and scrupulous individuals, who call themselves Coin Dealers? Now I have the knowledge but lost ALL my valuable coins except one book. As an example I had a book of old wheat pennies, It had ALL the 1909 varieties in very good shape plus a 1955 DD (which he said was the nicest he ever saw). He did some things on calculator, looked at some charts and did some more adding and came up with a 1.1K for the book, like a naive idiot I sold it to him. I just heard Heritage Auction just sold a nice 1955 DD for over 30K, probably mine? Not to say the value of the 1909S VBD and others of value. I tried several coin dealers before this but none said they wanted to buy anything? The truth said they wanted it for nothing. I had books of Mercury Dimes and Walking Liberty Half Dollars and other books I sold for next to nothing. I still have one book of 1857 Flying Eagle pennies to 1916 Lincoln, 80 pennies in all. All the key Indian Head Pennies and ALL the 1909 varieties. I actually took it too a different Coin Dealer and said the book is worth about $650. I think Coin Dealers took away from Car Dealers as being the lowest scum on earth. And don't say just some? I have not found an honest one in about 15 tries?
Thanks for posting - very interesting. Lots of fun to look through a collection like that!
Glad you enjoyed it
I have a 2014 soft cover BLUE BOOK with an error. 2009 D Nickel’s. They said they minted 485 million and the actual MINTAGE was 46,800,000. They were selling low so I bought a bunch and now turned out they’re worth way more. Good investment.
very cool
I wish i could got some starter pack like this for myself! This collection here is probably worth more than 20 times of my current one. It’s hard for college student save up for nice pieces.
It takes time for sure
If you can find one at a reasonable price, i highly recommend “Making The Grade”. It’s a book with photograde-style photos but also a brief narrative that lets you know what exactly you’re looking at, ie, the grade tolerance for hits on the devices, etc. My grading got a LOT more accurate after I got it. I wish there were a clear formula for guesstimating what a dealer would pay, like 1/2 of the retail price. Then you could go with a site like Numismedia to get the insurance value and half that to get what the owner could expect to sell it for (unless they want to go the eBay route).
Great book
You’re keeping these aren’t you? That’s an awesome set; a lot of those would be an excellent set to start for my grand kids.
Nice video and congratulations my friend.
I saw one of the ‘52 Washington/Carver commemoratives at my LCS earlier this year (Mar/Apr) for about $16. Went back for it but… 🦅. 😔
Thank you & thanks for watching. And no my friend’s collection is his
@@TheCollectorOfCoins at least your friend is keeping it
This is going to be an AMAZING VIDEO.
Thank you
In the early 1960s, I bought a $20 Saint Gaudens for $62.50 at the local coin show. It was a very high grade coin.
Wow... wish I could travel back in time to buy a bunch of them at that price
Amazing video!!
Thanks!
The price difference between Blue Book and Red Book is insane. In fact i don't know of any business that could get away with that type of markup.
Most all business in the world work in this way. Say you have a car for sale, dealers are not paying anywhere near what is worth. Private sale is our best hope.
Well not sure if you've watched shows like American Pickers or Pawn Stars but typically dealers/sellers need between a 30% to 50% to cover overhead and to make the effort worth while. Sure there are exceptions. Sometimes a smaller profit (like 10% is sufficient) to help build a relationship but in other times time may be more the variable. How long will I be holding onto this before I can sell it.
@@TheCollectorOfCoins 30-40% is reasonable but I was looking at some of the differences between the red book and blue book and many are a lot higher than 50%
I buy and sell ALOT of morgans and I'd say the 1878cc is a vg8 or vg10 if not cleaned and would try to get $120 it. I try to buy them in that condition for $80 to $90. By no means I'm a grading expert though so just my opinion. Good video..
Thanks Ron. This is very helpful and I appreciate your feedback. Thanks for watching
Lovely Collections 😍😍😍👏👏👏👍👍👍
Thank you
@@TheCollectorOfCoins Thank you Have a Lovely Day 😊👍👍
After seeing this video I’m going to start selling everything I’ve collected over the last 65 years
Just so the coins don’t end up in vending machines.
Let me know what you’re selling … I might be a buyer 👍🏼🙂
I might be interested if you are selling. Let me know and if so, what you have.
Good to have you here
Great video
Thank you
Hola amigo buenos días buen trabajo impresionante colección felicitaciones gracias por compartir un abrazo buenos días 👏👏👏👏👏👏👌👌👌👌👌👌👍🙏
Thank you
I love coins just to darn expensive to do it though
Well the point of coin roll hunting is that you can build a cool collection at face value
Hello from Perth 👋
Well hello there! 😄
If you enjoyed this appraisal… check out more: ruclips.net/p/PLxJbf9QTwOy_B3RTHjV8daF4eJWxcJXfC
Check out my free coin giveaway: ruclips.net/video/gUKp2sdUGqc/видео.html
Watching ❤
😅
So whats the difference between the greysheet and the bluebook?
This may help: www.ngccoin.com/boards/topic/253878-blue-book-vs-red-book-vs-greysheet-_/
Did you find any 1975 Quarters?? LOL I believe Southern Metal is still looking for the 1993 DDO cent, and Bassman64 is still looking for the Washington Nickel too!! Take care buddy! Regards JJ Coin Crew and Pa'sSpareTime Mod! liked and subbed
Not yet. I’ll definitely hit them up if I come across them
@@TheCollectorOfCoins It's a Joke! JJ
Yeah but sometimes I do feel like I spend too much time looking at pennies 🤣😂
@@TheCollectorOfCoins Well when ya find that 1900 IHP, like I did last Month, It's all worth it. Found a 20p wheaty the other day. Cheers JJ
where do i check the cost of my coin ...i have a few ancient coin and also old coins ...like the chola coin from india and some eygpt coins
I’m not familiar with non US coin values
I do have an error coin album. Where I can sell it???
Go to a coin show or a coin dealer
You should talk to Keith from Coin Crew! I'm Thinkin $1000 is way low. JJ more like 3K.
Not sure a dealer would pay full value. Thanks for the info !
Well I guess the lesson here is don't sell to Dealers.
Or if you do understand what to expect.
I guess he would be better off selling on eBay for more than the 950.00 ?? Takes a while to sell them though.
eBay fees though
@@TheCollectorOfCoins eBay fees 10% plus 2% PayPal fee. So 835 after fees which is honestly far better than a dealer. Honestly selling to a dealer is mostly pointless unless your collection is so overwhelmingly massive and you don’t like the headache. But this isn’t that big, he should sell on eBay.
If a person has the time & patience to sell on eBay (as well as the knowledge of what the coins are worth) sure. eBay is a great platform for coin sellers (not necessarily coin buyers). Coin buyers pay a premium vs buying at a coin show. Check the Greysheet. Either way most people who inherit coin collections know little about what they inherited so coin dealers tend to be easiest option
Are you selling any of these
No
Ok, thank you!
Items of great value or even moderate value improve with cleaning and restoration. Paintings, rare books, furniture, Roman coins and Greek vases are a few examples. Can someone give me a rational reason why a coin with a century of grunge, sometimes unreadable for date and mint, loses value after cleaning while a rare chair of equal age with matching filth and/or disrepair increases in value after appropriate restoration? A coin does not change it's date and mint mark or the number minted by removing filth from under Lady Liberty's nose or snot under an eagle's beak. High-end art etc. auctions like Sotheby's want beautifully cleaned and restored lots. Why should coins be any different? Oops, grading services might be affected, sorry.
Cleaning a coin actually damages the metal. It can add micro scratches, remove the natural luster of a coin and more. Imagine if when cleaning a painting they actually damaged the painting due to an untrained person cleaning improperly. Coins do get preserved and when done correctly, the cleaning doesn’t cause damage. However usually it’s an untrained person doing it
@@TheCollectorOfCoins An elderly coin loaded with goop lost it's 'natural luster' before one of the world wars. Gentle cleaning with a mild soap does not add micro scratches to the surface. Even so, an old painting over-cleaned, 'skinned' is the word used in the restoration trade, can retain or increase in value following appropriate conservation. Art auctions are filled with examples. Now, I have a large collection spanning decades filled with coins retaining years of filth. They are ugly. Recently I pawed through a stack of foreign coins, ignored for years. One coin caught my 'feel' through the dirt, unrecognizable otherwise. After cleaning it has has become the most beautiful coin in my collection, and that is saying something. It is a 50 Sen Japanese coin 80% silver from the Meiji Period 1868-1912...stunning even under magnification. The coin has a little numismatic value, but a fellow collector acted as if I just shot Bambi's mother.
@zeekwolfe6251 sometimes they need to be cleaned to remove harmful things. Still some people do it correctly some do not. Either way a coin with gunk or filth is still damaged in the eyes of some collectors
Unfortunately coins now a days are only worth what someone will pay
Very true
Are you selling any these coins, I can buy all of them.
I can't sell coins I don't own, but I will live stream coins I own and we can discuss
@@TheCollectorOfCoins
Thank you
Trying to comment but I see channel guidelines
I think those guidelines are YT
@TheCollectorOfCoins oh thanks for letting me know ow
Yep rubbish difference in price between books - gives false hopes to collectors ffs
Use gloves to inspect or at least hold them on the edges. Otherwise nice video to show that coins like these are for collection filling only, not investments.
I think your advice is good in cases where there are investment grade or rare coins are involved. Absolutely!
Absolutely right BW never handle another person's collection without gloves or your own for that matter even if you believe your hands are clean, the oils in your skin will damage coins also decreasing the values.
Dude you spent way to much time looking at pennies
😂
Every time you touch a coin with your bare hands, you do irreparable damage! Wear gloves for christ sake!
You are confusing rules for handling rare and valuable coins with heavily circulated common coins. While your suggestion is appropriate for rare/scarce or high condition coins. With common, circulated coins, hold the coin by its edges with your thumb and forefinger.
Those are a lot of coins 🪙 ❤
Yep