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Posts posted by Matt_dac
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OK to spend all the coins pictured above (if a merchant will take them).
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No
If authentic coins, they would only be worth melt in my opinion. Only key date coins 'may' be worthwhile but even then they are a tough sell when determined to be 'ex-jewelry'.
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17 hours ago, Conder101 said:
I consider this questionable. A lot of even pre-1933 gold isn't worth much over melt (especially if it is damaged). It is worth a small amount over melt raw, and after paying $30 to $50 to have it slabbed it is still worth a small amount over melt. In those cases all you have accomplished is to either eliminate any profit, or hand most of it to the TPG. For a lot of pre-1933 gold the only reason for slabbing it is to make sure it is genuine. And if it won't net a significant amount over melt plus the cost of slabbing why bother?
I was thinking more along the lines of a non-collector (applies in this case) having a more reliable baseline to evaluate the value of inherited coins. I definitely agree that circulated or low MS non-key date gold would be close to or at melt but if he had a high grade and/or a key date the grading would provide some insurance of getting full value.
A less expensive option would be to get good pictures of the coins and post here. We would happily identify those worth the cost of grading vs. those that would go for close to/melt.
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All pre-1933 US gold coins are worth getting graded and slabbed (choose our hosts or PCGS).
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Based on the pictures, you should spend them, no numismatic value unfortunately.
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Welcome to the forum!
To help set expectations, #1 as suggested above is true 99.9% of the time, common coins with very little numismatic value. How many coins are we talking about? There is a time cost in going through boxes/jars of coins (for you and for the dealer) and they have no reason to invest their time unless they can make a profit.
If you want to invest your time, itemize each coin by specific series, date, and mint mark. If you don't want to commit that level of time, at least identify each coin group by series on a list (i.e Washington quarters, Morgan dollars, Mercury dimes, etc.) and share here. We can quickly tell you what to look for. Those new to coin collecting and value are often shocked to learn 100 year old coins can be worth pennies over their face value for example. For example, a normally worn 1955 penny could be worth 2-3 cents but the same coin if the double die error could be worth $1000.
It would be awesome if you really had something of value!
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Duplicate post....
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- Popular Post
- Popular Post
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No, machine doubling only on the coin posted. No numismatic value.
When you see a real one for the first time, you will blink because you think your vision is blurred.
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Someone took a Dremel tool or something to that coin.
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What happened? Nasty pm’s or such?
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Yes!! You have it!
Quickly send it to NGC for grading and let the bidding wars begin!
I’m definitely in for 75% of 1 penny if you pay the shipping.
The gift that keeps on giving....
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The only way to legitimize a coin for widespread potential sale is to get it professionally graded. Submit your coin to NGC or PCGS if you're confident it's real.
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Ha ha ha!
Well.....he's persistent if nothing else!
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Definitely worth grading and worth more than melt! Get it graded by NGC or PCGS.
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It’s ok to spend it.
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I would save yourself the hassle in the future and only buy PCGS or NGC slabbed coins.
Very cool you picked up the crosslet 4 Classic Head though.
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Ok to spend it, it's not the double die. The real deal is unmistakable.
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I would not risk buying it raw at any price personally but maybe you will get lucky. It's hard to sell coins that are returned as cleaned or otherwise damaged from a grading service. You can buy an AU58 NGC graded coin (no details) for $425 on Ebay right now for example. If it were a real proof worth >$3000, it would already be graded. I know there are treasures to be found out there not yet graded, but I would be very suspect.
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- kbbpll and Crawtomatic
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Unfortunately worthless machine doubling. You are about to spend $50+ to grade a coin not worth a single postage stamp unless it's among the few Lincoln dates with numismatic value.
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Looks harshly cleaned to me, particularly on the reverse. Never buy raw coins of any value. The insurance of buying already graded coins is worth more than the potential savings you get buying raw.
Machine doubling or true DD
in Newbie Coin Collecting Questions
Posted
No, OK to spend it.
The real thing will make you dizzy it's so obvious to the naked eye.