Coins

R

raljr1

Member
Silver Supporter
Joined
Jun 12, 2011
Messages
6,180
Reaction score
16,522
Location
Northeast FL
I know that many of you may also collect coins. I have accumulated some coins that may have considerably more value than their face value. This accumulation does not amount to serious money, however because we are not talking about collector quality coins carefully stored. Plenty of silver coins, maybe a dozen silver dollars, etc... These have been in a box, tin, or bag not separated from one another.

Part of me thinks I should take the lot to a dealer and see what value there might be. Even if we are talking about a few thousand dollars, is it worth selling the coins and pursuing another investment, or just keep the coins in the hope that they continue to appreciate and my heirs can cash them in or save them.

They dont take up much space, and dont require much in the way of upkeep. I thought about using one of those apps to value some of them.

Thoughts, please.

Robert
 
Register to hide this ad
My Great grandfather would give me a silver dollar every Christmas when we would drive down from the country to visit.

I have a pile of them now and well it meant a lot to me to receive them. I still 50 years later occasionally hold them in my hand while watching tv and remember him giving them to me and knowing they once were in his hand.

If your finances are in order consider giving them to your kin while you are still around. It likely will create good memories and even hopefully teach them to save.
 
In time of an emergency/disaster, Coins are in your possession, the investment portfolio is not accessible!

Stocks & Bonds can and should send you a nice check every month, but for that to happen several things have to be working. The Stock Market & broker, the US Mail or at least FED Ex, and your local bank. We saw all manner of short-term failures during the Government Sponsored Covid shut down. My mail man got sick and we didn't get delivery for two weeks and the outgoing mail in his vehicle didn't get processed for 6 weeks! My local bank have very limited hours and you had to do drive thru every other day depending on your last name.

A couple thousand dollars will buy 1 person a year supply of long term storage food (25-year shelf life and fills a coat closet!)

Gold coins and 10 oz Silver bars are compact, and a bunch will travel easy, but nobody can/will give you change!

So many options, and you have to make them for yourself. The typical answer is: Diversify! (as in some of each!)

Ivan
 
By all means go online and take a look at their present market value.
64 and older US dimes, quarters and halves have considerably Silver melt value.
As I post this, Mercury and FDR 90% Silver dimes have a melt value of $2.28.
Any collector value and they just go up from there.
U.S. Silver Coin Melt Values | Silver Dollar Melt Value | NGC
And if you are thinking the SHTF Scenario, bartering with Silver, 90% is your Friend.
$1.40 face is an Ounce of Silver. When you start playing with the numbers, you soon realize that the Dime reigns supreme!
Plato O Plomo? Hell yes! I got plenty of both!
 
Last edited:
Numismy is a new coin sales portal with no fees.

Forget the dealers. They will pay squat.
Take your time and examine each one for details , condition and mint errors.
You might get lucky.
Keep that 1916 Mercury dime for a future cup of coffee when that beverage runs $965- $1200 !!
 
Silver price predictions are all over the place. I believe it will hold or decline in next 4 yrs. But my experience with a lot of coins (certainly not all) is that they have more collector value than melt value. Wouldn’t hurt to have a coin collector/shop value your collection.
 
Bald1 said:
Silver price predictions are all over the place. I believe it will hold or decline in next 4 yrs. But my experience with a lot of coins (certainly not all) is that they have more collector value than melt value. Wouldn’t hurt to have a coin collector/shop value your collection.
Click to expand...
Silver could double in price in the next year-that's what my investment advisor William Devane says. He's pretty good at this stuff-been at it for years. What you believe is of no concern to me. ;)
 
Keep in mind that there are a huge number of counterfeit US silver coins coming in from China. Many are extremely well made and difficult to identify.
 
I inherited a modest coin collection from the "Old Man" about 17 years ago. I looked at it once or twice shortly there after and then stuck it in the bank vault so my kids will inherit it. I am no longer interested in coin collecting since I sold my own collection to take a vacation back when I was 18 years old.

I also inherited his stamp collection and tried to sell that. No one would even give me face value! 3 Stamp dealer's suggested I just use the stamps as postage and that is exactly what I have been doing for 17 years. I highly doubt I will ever buy a stamp again, that's how many I have! I really enjoy messing with the USPS by using all the different denominations of stamps. I have pretty much every value stamp they have issued over the last 75 years! There are times I put 8-10 stamps on an envelope to come up o the 73 cents they now charge us for a letter. I can only imagine what they think of that at the post office.:D
 
Last edited:
Go to "Coinflation.com/silver coin values" to see what your
90% junk silver is worth. They update the melt value during
the day as silver prices go up and down. They don't give
numismatic value.

Right now the silver bullion market is saturated as lots of
folks are selling their silver because they are basically broke.
That means that dealers are paying below spot. You need to
shop around for the best deal. :)
 
Last edited:
chief38 said:
I inherited a modest coin collection from the "Old Man" about 17 years ago. I looked at it once or twice shortly there after and then stuck it in the bank vault so my kids will inherit it. I am no longer interested in coin collecting since I sold my own collection to take a vacation back when I was 18 years old.

I also inherited his stamp collection and tried to sell that. No one would even give me face value! 3 Stamp dealer's suggested I just use the stamps as postage and that is exactly what I have been doing for 17 years. I highly doubt I will ever buy a stamp again, that's how many I have! I really enjoy messing with the USPS by using all the different denominations of stamps. I have pretty much every value stamp they have issued over the last 75 years! There are times I put 8-10 stamps on an envelope to come up o the 73 cents they now charge us for a letter. I can only imagine what they think of that at the post office.:D
Click to expand...

At one time you could walk around with tens of thousands worth of stamps in your front pocket through any airport and across any border. Now 60 years later they have little or no value. We have to keep current.
 
I have two sets of 2 books each of States Quarters, complete plus extra's. Do these have any value over face value? I'm at the age where I'm cleaning out "stuff" so my kids have less of a mess to deal with when I'm gone.


Appreciate any info.
 
RICHARD I did the states quarters on the big cardboard map for my son growing up. We never finished. He is now 30 and I made him take the last of his stuff out of my basement. He was about 6-7 coins short. I wanted to complete it and purchased the needed quarters individually on eBay. I paid anywhere from $1-$2 but that included shipping.
 
You must log in or register to reply here.

Similar threads

C
Fake Coins.
2
Replies
21
Views
833
Tom S.
Tom S.
wood714
Found Some Coins
Replies
11
Views
727
LoboGunLeather
LoboGunLeather
coltle6920
Handling gold coins...
Replies
10
Views
945
2152hq
2
MelvinWalker
OK, long story and advice needed on buried silver coins
2 3 4
Replies
62
Views
2K
boykinlp
boykinlp
JJEH
Thinking about collecting coins...
2 3
Replies
49
Views
1K
JJEH
JJEH

Latest posts

Back
Top