Coin and Paper Money Collecting/thieteen original colies

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Expert: - 2/7/2009


Question
I have a set of thirteen original coins. their is one coin of each of the original states.They were issued in 1975 from The Medallic Art Company. They are struck in 24-karat gold over Sterling Silver.I was wondering what the set might be worth?

Answer
Hello,

Most likely each is housed in a hard plastic or some type of holder.  Because they have no spending value they are medals not coins.  You can check the edge of the medals, it should read Sterling Silver or 925.  The worth of the medals is the melt value in Silver.  You can get a weight per gram.  Currently melt is about 38 cents per gram.  The liquid value is somewhere between 60% to 100% of melt depending on how you sell the items. eBay may be a venue of you to sell them for over melt, but with fees and everything you most likely will end up at the same net value.  A local coin dealer may be able to take them off your hands.  The gold layer is so thin it has no value.  I hope this helps.

If you have any other medals or coins that are not in a protective holder, please remember to never clean them, this can damage and lessen their value.  Also, soft plastics can contain harmful chemicals that can react with medals and coins over time.  Try using inert materials when storing these items.  Plus, it is always a good idea to store valuables in a safe.  The safe should not be exposed to the elements and should not be up against a wall to the outside.  These are just a few tips I have learned over the years to help keep your collection in top shape.

If you found this information helpful please nominate me for category expert in coins.  If coming through Los Banos, CA please feel free to look us up at Thoreson Numismatics.

Thanks for the question,

Troy Thoreson, aucpro.com

Coin and Paper Money Collecting

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Troy Thoreson

Expertise

Please, no error coin questions unless your coin is dated 1955 or before. I can answer questions regarding all U.S. Coins, Gold & Silver bullion, including regular mint and proof issue coins and currency. Since 2009, I have been contributing to the Red Book, "A Guide Book of United States Coins", by R.S. Yeoman along with two other publications. I currently run two coin shops in California.

Experience

I have over 30 years experience in Numismatics. I own two coin shops and have examined thousands of coins over the years. Please allow up to 2 business days for an answer. This is a free service and I am happy to answer questions - but please be patient and understanding of my time.

Organizations
My company is an authorized P.C.G.S. and N.G.C. dealer. I am a Life Member of the American Numismatic Association and California State Numismatic Association. We are also an authorized Whites Metal Detector dealership.

Publications
I have written articles for Coin World and the Rare Coin Market Report.

Education/Credentials
I have a certificate of completion from the American Numismatic Association on how to detect counterfeit U.S. Gold Coins and how to Grade U.S. Coins along with other certifications. I have a Bachelor of Science in Business with a concentration in Accounting and a minor in Computer Information Systems.

Awards and Honors
I am listed as a contributor to the Red Book, "A Guide Book of United States Coins", the Red Book, by R.S. Yeoman. I have been contributing to the Red Book since 2009. I also contribute to the Blue Book and the new Professional edition Red Book. I have many other awards and honors.

Past/Present Clients
My past consulting clients included eBay, Inc., Yahoo! Auctions, and the United States Postal Service. I have many other great customers and help all no matter their level of collecting.

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