Anybody knowledgeable on appraising Silver Dollar values?

[billeau2]

Great advice, Billeau2. I thought about going to a dealer, but wasn't sure who. Originally, I thought about a pawn shop, then I remembered how I've been ripped off by one of them years ago. I'll have to look into a "Numismatic" dealer. I don't know much about them.

When i was a kid, one of my friends had cartons and cartons of old comic books. No doubt they're worth thousands of dollars today, but when he got locked up, they just disappeared.

Yeah you have to go to a reputable dealer, someone who deals exclusively in stamps and coins, or just coins. Numismatic is the technical term for coin stuff.

I just did a search and there are a lot of boullion guys. There should be a dealer who is primarily a coin collector. Some guys do also deal with stamps. Also, if there is an auction house, I would call them and ask who they have appraise their coinage.

Im interested now lol. I will try another search, there should be a real numismatist in that area and not a "cash for gold/silver type individual.

[billeau2]

Ok! think I found something.

Chollo:



someone like this is who I would go to. Their interest is not primarily to buy, but rather to properly value the coins. You are better off knowing your value from a disinterested party, if you want to sell them to a dealer, or private party. They may charge you... if they quote you a price? let us know on the thread. If you figure your coins are worth about 10 grand, I might pay about 300 bucks or so, not much more than that. Your coins won't be hard to value, so its really not worth a lot for an appraisal.

Look for shops that in some form, or fashion, have an appraising component to them. Or, ask these guys for a recommendation.

These guys are another big auction house with a branch in MD. They say there is no charge...

[Chollo Vista]

Chollo:



someone like this is who I would go to. Their interest is not primarily to buy, but rather to properly value the coins. You are better off knowing your value from a disinterested party, if you want to sell them to a dealer, or private party. They may charge you... if they quote you a price? let us know on the thread. If you figure your coins are worth about 10 grand, I might pay about 300 bucks or so, not much more than that. Your coins won't be hard to value, so its really not worth a lot for an appraisal.

Look for shops that in some form, or fashion, have an appraising component to them. Or, ask these guys for a recommendation.

These guys are another big auction house with a branch in MD. They say there is no charge...

Thanks B, I can't green you.

I will update this thread on what I find

[Chollo Vista]

You need to have them professionally graded by either PGCS or NGC before you do anything else. They will professionally package them with the year and grading on the case.

Very helpful indeed

[billeau2]

You need to have them professionally graded by either PGCS or NGC before you do anything else. They will professionally package them with the year and grading on the case.

You seem s knowledgeable source to ask... How much does the price of silver affect the coin value?

Thanks

[VegasMichael]

You seem s knowledgeable source to ask... How much does the price of silver affect the coin value?

Thanks

Depends on the coin's collectibility. If it's a coin that is rare and/or in demand by serious collectors/investors it doesn't really have any effect. But if it's a common, plentiful, mass-produced coin without demand from collectors/investors then it can/does have an effect.

In essence, it depends on whether the coin has more value as a collectible/investment or more value being melted down. However there can be a shift if all of a sudden the price of silver skyrocketed to a few hundred dollars an ounce. That would cause some coins that were once collectible to now be worth more melted down.

[Guest]

The red book of coins is pretty good.. I'd avoid online bullion dealers that sell bullion.

You really need someone near you that you can trust and is honest about it all.

ASE values are pretty much all out there on the web but what you actually get for them is an entirely different story.

I have a bunch of silver eagles and peace dollars lying around, most are MS-63 or better but not gonna part with them just yet.


I wouldn't go on silver or gold market prices that's for sure as physical and paper markets are way different at this point in history.

Coin Week and ANA has some reco's for dealers in your area if you are unsure. I do think the shops are closed right now in some states as they are deemed non-essential.

[billeau2]

Depends on the coin's collectibility. If it's a coin that is rare and/or in demand by serious collectors/investors it doesn't really have any effect. But if it's a common, plentiful, mass-produced coin without demand from collectors/investors then it can/does have an effect.

In essence, it depends on whether the coin has more value as a collectible/investment or more value being melted down. However there can be a shift if all of a sudden the price of silver skyrocketed to a few hundred dollars an ounce. That would cause some coins that were once collectible to now be worth more melted down.

That makes a lot of sense... I never quite understood that relationship totally. It would be somewhat similar with Stamps i suppose, in that when a stamp is unused and in a book of fellow stamps, they have an actual monetary value. Lol I used to argue with my dad as a kid, trying to educate him (being sarcastic lol) as to why my comic books would be worth a mint one day... He would tell me that stamps always have value as currency, where as my comic books? they needed someone who would buy them for their perceived value.

I will say this though: I can remember when someone could buy Spider Man #1 for between 35-50$ and back then? that seemed like all the money in New York City! If only I had bought it and just...shoved it in my mother's closet!



Now? Spider man number one would seem to actually be worth all the money in New York City! lol.

I was trying to calculate the value of 50 dollars worth of silver in 1973 or so... would be worth today to compare.