Wife has inherited a pile of old silver dollars, quarters, couple rolls of dimes and about 10 rolls of wheat pennies.
All look to be in well circulated condition. was thinking about sending the silver off for melt value. Not sure what to do with the others.
Only coins that look great are Susan B Anthony dollars.
Going through the dollars are easy as none are in that great condition. Is it worth going through the pennies ? Should I send it out to be appraised ?
I am sure some of you must have dealt with this.
Any advice on dealing with a pile of old coins ?

Before you sell or send the silver coins to scrap.. get the Red Book and look for key dates for coins worth more than melt.

Susan B Anthony is really just worth face value..

Amazon Link

ETA - I also inherited lots of old coins from my Grandfather..

Good advice.

I inherited a few from my grandfather. The most interesting is a Half Dime from the 1800s. Tiny coin, silver.

I believe generally the scrap value will be lower than selling them as junk silver coins, because they’re not pure silver. They’d sell readily here in classifieds if priced appropriately.

If you’re hell bent to sell them for melt call David Truong.

This seems to be a reasonable site to value 90% silver at current spot price.

https://coinvalues.com/silver#google_vignette

have them evaluated by a trustworthy person. You may have some valuable items. I mean really valuable. Don't just assume.

Most local coin shops will give you melt value for a quick and easy transaction. I personally would try an online consignment auction place. You will be out a 10-15% commission and the buyer will have a buyer's fee as well, but there is a good chance you will do better. People will pay $3/each for common IKE clad (non-silver) dollars just because you don't see them anymore. Some Susan B. Anthony's had lower mintage and might bring a very small premium.

Thanks. It looks like 28 percent tax. Maybe I'll hold.
Most interesting so far is three Missouri sales tax tokens.
Issued by private firms, by municipalities, and by twelve state governments, sales tax tokens were generally issued in multiples of 1 mill (1⁄10 cent) for tax on items less than a penney

We are having this same dilemma and appreciate from this thread the wisdom given. Thanks to the OP for the discussion too.

As others have basically said, if you just sell to a dealer you're probably leaving money on the table. Some coins like the Susan BA's as stated are worth face value and you should just spend them and confuse the employee at 7-11. A lot of your silver is probably Constitutional or "junk" silver that will sell at about $1 under spot (per troy oz) to a dealer or $1-2 over to another individual. Then there's coins that have collector value above the silver content and could have unlimited value. Even worn Morgan or Peace Dollars sell for quite a bit more than their silver content. The Wheats would need to be looked through for key dates and I wouldn't sell without doing so. Someone stated the red book which is a good guide and place to start. This is a good site for finding the value of coins you determine to be strictly "junk."
http://coinapps.com/silver/coin/calculator/

quote:

Originally posted by sig 226:
Before you sell or send the silver coins to scrap.. get the Red Book and look for key dates for coins worth more than melt.

Susan B Anthony is really just worth face value..

Amazon Link


ETA - I also inherited lots of old coins from my Grandfather..

Marking this for the day I retire as I've got a lot of old coins that I've accumulated over the years. Thanks for sharing this.

Gun shows are a good place to sell old silver coins.

quote:

Originally posted by oldbill123:

Most interesting so far is three Missouri sales tax tokens.
Issued by private firms, by municipalities, and by twelve state governments, sales tax tokens were generally issued in multiples of 1 mill (1⁄10 cent) for tax on items less than a penney

My Dad had been transferred to KCMO for 10 years when I was a little kid. IIRC, those tokens were plastic and either red or green.

Some of these seem to be good shape.
Step 1. Ask Sigforum
Step 2. Look on Amazon for coin storage ideas
Step 3. Use painter's tape to mask grid pattern on table top. Label grids by decade and sort by denomination.
step 4. Label zip locks and transfer coins into bags by date and denomination. Move bags to shoebox.

Down to nickels, dimes, and pennies. Did find a 2 cent coin from 1868. Pretty worn

I have 2 plastic tubs and a couple of metal coin storage containers from my Dad’s collection. That’s only half of what he had. One of my brothers has the other half.

We did a quick split of the coins and now I have to do some research and sell too.

I’d rather still have my Dad…

Be careful, you might have something truly rare and valuable without knowing. I'm sure you could pay for a reputable valuation, but I don't know anything about collectibles like coins.

I may be wrong, but I don't think young people are interested in coin collecting these days. I have some old coins that I was saving for my granddaughter but she does not want them or interested in saving them for her kids.
Just last week I was walking into the grocery store and stooped down to pick up a penny in the parking lot. Most young people would not even stop to pick up a penny these days. Anyway, the penny was a 1907 Indian head penny. Guess someone got it in their change and it didn't look like pennies do today and just tossed it.

I will be glad to look at them and give you a general idea on value if you can send me some pics.

About 1959 I found a silver dollar in the street.
It is a 1878 Morgan that is by my estimate AU or nearly AU. Still have it.