Expert: PAPAJACK - 5/25/2008

Question
Hi, Our dad kept an extensive coin collection, including but not limited to Morgan and Peace Dollars, Eisenhower coins, state quarters, and much more. He passed away last year, and we need to find either a reputable buyer here in Utah, or one in the country that would be willing to fly to appraise/purchase the collection. Thank you for your time and effort on our behalf. Berta and Siblings

Answer
Hello Berta,                      

For a start a US silver coins are 90%, this makes the value of even an extremely worn coin still worth 10 or 11 times it's face value just due to the precious metal content. Depending on the state of preservation (Grade) and the Mint Mark (if any) they can vary greatly in value. Common issue dates in circulated condition are plentiful.

You probably would not need appraisals for things like state quarters unless they are the Silver Proof issue.

For common coins like 1924 silver Peace Dollar, I would only get it appraised if it was mint state grade 63 or higher, it is only valued about $18 dollars in grade 60 and $30 in grade 63.  

Most U.S. coins do not need appraisal or authentication in low grades. There are set price lists for them. One cent or nickel coins since 1955 and quarters, half’s and dollars since 1965 are common as well.

But some things like your Morgan coins may be rare date or mint mark could need to be checked.

If you write me back and give me the nearby large Cities, some postal zip codes and telephone area codes for your area in Utah I will refer you to an expert in your area.

I hope this information helps.

Thank You and Good Luck

PapaJack