I inherited "a pile" of old coins, as I'd call them, and would like to sell them since I'm not a coin collector. As indicated, it's not a "collection", but an "accumulation" of coinage. There are some dollars, half dollars, quarters and dimes (all of those are silver). LOTS of nickels and pennies which are probably not so interesting but are nonetheless there. Question for any of you coin guys: how would you go about getting rid of them? I'm not in a hurry to sell them so that's not an issue. Right now I've got a current book that lists prices of all US coins figuring that's a good place to start. As an example, I've got approximately $80 in nickels dated from the 1930s,40s, and 50s. It seems, according to the book anyway, that if each individual coin could be sold for the "ABV price", these would be worth a fair amount---at least more than "five cents each". Any suggestions? Thanks.

Reach out to Dave Truong. He is a valued member here and I sold a number of silver coins to him last year.

quote:

Originally posted by kaschi:
I inherited "a pile" of old coins, as I'd call them, and would like to sell them since I'm not a coin collector. As indicated, it's not a "collection", but an "accumulation" of coinage. There are some dollars, half dollars, quarters and dimes (all of those are silver). LOTS of nickels and pennies which are probably not so interesting but are nonetheless there. Question for any of you coin guys: how would you go about getting rid of them? I'm not in a hurry to sell them so that's not an issue. Right now I've got a current book that lists prices of all US coins figuring that's a good place to start. As an example, I've got approximately $80 in nickels dated from the 1930s,40s, and 50s. It seems, according to the book anyway, that if each individual coin could be sold for the "ABV price", these would be worth a fair amount---at least more than "five cents each". Any suggestions? Thanks.

Since you're not in any hurry to sell, and since you have the value book, go over them all to see if you have anything that is valuable and separate them from the rest, which can then be sold as a lump to some reputable coin dealer in your area. The valuable ones can be "slabbed" by a reputable third party grading service, like PCGS or NGC, then sold.

There are tons of third party grading services out there, but PCGS and NGC are the only ones most in the coin world would consider top tier.

In addition to Dave Truong (who is a stand up person to deal with), I've also seen many people sell coins here for the silver value in the classifieds. So you may want to separate the rare ones that are worth more than the silver value and sell those individually (possibly on ebay IDK), and then sell the silver ones for their silver value to Dave or in the classifieds.

You need William Devane.

where are you located?

I'd be interested in the lot

Like the OP, I have the same, an inherited accumulation of coins, mostly US but some foreign.

I mentioned it to David some months ago and he would be interested for the silver value.

I'm no expert.

But, if you have a "pile" of coins, such as stored loose in a sack or box or whatever, they're going to be somewhat scratched and dinged. There's most likely no sound reason to send them off and spend money getting them graded. However, if the coins are individually stored in some sort of protective case, you might have something there.

No collector value, unless you have a one in a bazillion coin, which I doubt because most likely the previous owner would have probably known what he/she had.

The vast majority of silver coins is pretty much worth scrap value.

You can have some fun and learn something by researching each coin, other than that you're just wasting your time. Most likely. But maybe you might get lucky.

One way to get an idea of a Value above Scrap is to search the Completed Listings on ebay. Just enter the type of coin and search. If you have a rare coin you'll know right away to investigate further with an expert.

You could probably do best by just selling to someone for Scrap Value. Many folks would buy them that way. I would.

Go to Coinflation.com for a quick and easy lookup of what your coins are worth in Scrap Value.

Personally, I think that you might just consider holding on to them, as a holder of value, financially speaking.

Good luck to you.

Only rare “key” dates of coins will be worth having slabbed or graded. This can cost $20 or more depending upon how many you have graded. ANACS is a third reputable company located near the Centennial Airport in Colorado, that also grades coins. This provides you with a known entity that can be more easily sold or traded. Their value and what you can sell them for will depend much upon rarity and grading.

you will be sorry if you sell silver coins right now. the smart people are buying.

Good advice from all of you and many thanks for the posts. I share some of your thoughts and ideas, especially sifting through to see if that one "rare" coin is lurking. Silver is increasing in value for sure so hanging on to those is a great idea. They don't take up much space in the safe so keeping most of them is wise. IF there are some with a real collector value, I'll probably sell them. Thank you again folks!