Old coins, some newer. Father passed, what to do with them?

[Akustaka]

So my father has recently passed and had left me with a huge, and I mean HUGE coin collection, over 80+ coins. Some new like a 2002 silver dollar, some old like a 1923 peace dollar. I do not necessarily know if this is exactly the correct place for this kind of thing but I have no lick of an idea of what to do with these and was hoping to potentially sell them? I tried calling afew auction places and got alittle information though nothing too valuable. And figured my next best bet would be a coin forum, which I see this involves itself with!

I could post pictures/give information if anyone could possible help me with all these coins! haha! Or atleast point me in any direction to go with them? though keep in mind I do not necessarily wish to start a coin collection myself, with my fathers passing I can no longer live in my current residence, since it was his home and he owes over 98k on it, and I'm only 21 working at Mc.Donalds x.x

Any help would be greatly appreciated!

 

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[Mackaydon]

Akustaka,
I'm sorry about your dad's passing.
As for your coins, you may wish to post a few at a time (both sides).
No doubt you'll get some responses here regarding condition and value.
Welcome to Treasurenet !!
Don.......

 

[Akustaka]

So should I just add them to this thread posting or make a new thread? I am around computers all the time and even consider my occupation to be within computer science, majored in computer electronics in highschool, though I've never used a forum thread xD

 

[Mackaydon]

I suggest you post the coins in the COINS Forum where value, condition and other aspects are discussed.
Don......

 

[GarageSaleKing]

This is what I would do with them. I would find a coin show that is coming into your area. At the larger coin shows, you will get solid offers for your coins from some of the more reputable dealers. Like others stated here, get an idea of what they are worth first. Then, sell them to the coin dealers. It will bring you in more cash than just taking them to a local pawn store.

 

[Terry Soloman]

Save yourself a lot of time and trouble, and just send the coins to me.

 

[port ewen ace]

spend $16 on the official REDBOOK of US coins (find it quick at Wallymart). all you need is in there so you get hosed by some grifter dealer. take some time to study what you have. check EBAY "sold" listing for real world pricing on coins of comparable quality. when ya finish handling the loot---- wash yer hands.

 

[Diver_Down]

I'm sorry to hear of your father's passing. What seems like a huge task ahead shouldn't be rushed. 80+ coins is not a large collection. I would suggest posting group shots (5-10) coins here. Arrange them in rows so members can point out which ones will merit further attention. These select coins can then be further photographed up close to garner more in depth feedback. If you are looking to maximize the value, then your best bet will be to sell on eBay. Your fees will be 12%. If you need to sell quickly, then contact a dealer. You will not realize their full value as the dealer will need to make money.

 

[insontis]

Personally, I'd save them. Checking eBay sold for listings is a great place to get an idea of the going prices. A coin book is another, though you shouldn't expect to get book value for them (but at least you'll recognize a low ball). I personally use NGC's site to browse values quickly when online. You can go to google, type in, for example, "peace dollar NGC values", and one of the first links should be NGC's official website with a list of all peace dollar dates (including your 1923), mint marks, and grades. It will have prices corresponding to each. Very quick and easy. Works for foreign coins as well in a pinch. Hope this helps!

 

[TwistedT]

spend $16 on the official REDBOOK of US coins (find it quick at Wallymart). all you need is in there so you get hosed by some grifter dealer. take some time to study what you have. check EBAY "sold" listing for real world pricing on coins of comparable quality.

+1
get yourself the newest price guide and look them up.
remember this - if you sell to a coin dealer, he will give you at best 60-70% of real value on any coin he wants to buy from you - nature of the business. best bet is to try to sell them yourself.
put a list of what you find here and guys here will also help you value them

 

[Gizmo1211]

So sorry about your dad, I just went through that as well. A lot of good advice. I'd not rush right now..set them aside until you're sure you want to part with them.
If and when you're ready, read, read, read. So much good info to be had. Yes, dealers will offer a lot less than worth. All good advice here. Mine is just, if not in a hurry, wait, until you're sure you want to let them go. Good luck.
Karen

 

[Gizmo1211]

Akustaka, sorry I did not completely compute your specific situation when I answered before. I don't have a lot of experience myself in selling coins, but the people here do know a lot, and always willing to help, I have found.
I can just wish you well, say, knowledge will keep you from getting ripped off, and hang in there. Hope you have something worth tons!!! My best to you.
Karen

 

[Dozer D]

Suggest start with buying a "U S Coin RED BOOK" as a start. You just might find it of interest and get involved in the hobby.

 

[walnuttree]

Is this for real? This is a treasure site, most of us would love to have a coin collection left to us, especially if it was from family. Unless you need quick cash I would keep it. If you sell them you may regret it later in life. Besides, your a computer engineer in your profile,and why are you working at Mickey D's?

 

[ecmjamsit]

If you don't have a good camera to take pics to sell on ebay. Get a good flatbed scanner to capture images of them.

 

[Obsessive]

Is this for real? This is a treasure site, most of us would love to have a coin collection left to us, especially if it was from family. Unless you need quick cash I would keep it. If you sell them you may regret it later in life. Besides, your a computer engineer in your profile,and why are you working at Mickey D's?

I was wondering the same thing...

And oweing 98k on a house, i guess depending on the area and style of home, is probably not that bad. Rent out a room or two and get the bills paid.