New Member from Missouri

[AndValDem]

Good Morning all!

I am hear to see what information I can find about a coins I might find in a coin accumulation that was inherited. I am considering becoming a full member but have not made that jump yet. I have been attempting to do research my self and it becoming a daunting task as I have so many rolls of coins of every denomination. I know that most will be face value but I am worried that I will miss something.

If anyone has any pointer and/or resources that they use on the regular please let me know. I already refer to PCGS, Variety vista, and Lincoln cent resource (I have so Many Pennies, almost over 200lbs of them). I do also have a large collection of Morgan's and several other Denominations that are not the standard four so any general resources would be greatly appreciated.

I hope to be an active member and to learn a lot from all of you.

Thanks,

[MintErrors]

First of all welcome aboard.

In my opinion, a good resource is variety vista as you can see mint mark placements are different especially for the Lincoln cents.

Most of what you may have are "variety related". Some of the coins might have an RPM or commonly referred to as a repunched mint mark. A more elusive and more uncommon variety is the doubled die (obverse or reverse). Those are more than one impression on the working dies that made coins.

Vamworld.com is a catch all for morgan dollars.

Since you know about pcgs.com, one tidbit of info. If you go to their website and research a Lincoln cent from any year, see if there is a PLUS(+) sign next the year. Click on the plus sign, thats where Pcgs hides all the varieties they recognize.

The pocket redbook is an excellent starter guide. It can cost less than 20 bucks. It can show you the name of the coin types, what years they were made and importantly, where a mint mark might be on the coin which might change the value significantly. No mint mark usually means it was minted in Philadelphia. CC is Carson City, D is Denver, O is New Orleans, S is from San Francisco.

Mintmarks on certain years can make a huge difference. You can check one year on PCGS, the 1893 year and all mintmarks.... hint, look at the 1893 S.

If your overwhelmed, see if there is a local coin show in your area. See if the promoteer has a few minutes and talk to him to see if there is a very reputable and fair coin dealer you can talk to at the show or at his shop if he has one. No need to take it all to the show, maybe a few handful of average examples.

Never attempt to clean a coin, it can reduce significantly reduce the value by 50% or more.

Condition is everything for most coins but some of the rare coins can have value in low grades as well. The Red book can get you in the ball park, but if the coin does not look like a brand new coin from the mint, prices on the common coins can have very little to some value. If it looks a bit worn down, then the coin is not going to be "mint state".

Morgan Dollars are silver, so they can command close to at least silver spot value.

It depends on how far you want to dive into all of this, Is itsomething you want to collect or simply want to liquidate is a question you will need to answer.

Dont get caught up in getting the coins graded and encapsulated unless the coin commands a lot of money, well North of a Ben Franklin. Getting coins graded at PCGS, NGC or ANACS is an expensive gamble. Know the risks, prices and return on investment.

If you have any further questions, i suggest starting a new post in the general forum.

Just as a heads up, CONECA forum rules state we are not supposed to talk about grades of raw coins, nor are we supposed to talk value of coins. Lastly, CONECA like people to create a post for each coin you want to talk about. So, one coin per post.

More helpful info is in my signature block.