Bag O Coins

[Sech]

Got a goodie bag from the mom in law

My wife dad passed away a few months back. Was visiting the mil last night and she hands me a bag full of coins. She was asking my opinion on what to do with the coinage. After sorting all the coins out she had 6 pre 1921 morgan dollars (none with the cc mint mark)....22x 1971-1978 Eisenhower silver dollar (reg. circulated non silver content ones)....and 99x 1979 susan b anthony dollars. I did my search on the net and got a ball park price on the value of the coins. She calls this morning and informs me that she was just going to trade the coins in to the bank for face value. And says that she had decided to just give me the lot. My question is.....if you was in my shoes, what would you do with the non-silver coins. I do have a stash of "junk silver" so the 6 silver coins are a no brainer....What perplexes me is the other non silver dollars and the susan b anthony coins. A part of me thinks I may need to keep them for barter items at a later date, however another part of me says I should just exchange them at face value for silver junk coins.....thoughts??? ideas???

Steve

[miked2345]

I'm not a coin expert, but here's my thoughts on it..... The all-silver dollars will probably keep going up, based on their silver content. I walked pass a coin show that setup in a local mall a few months ago, the 1920's era silver dollars (Nothing rare..) were going for around $30 a piece, based just on their silver content and wieght.

The non-silver coins, I would guess they would follow paper money's slow decline in value, unless they are special for some reason. (mint mark, double strike, condition...)

[Matt In Oklahoma]

I was given some of those Sacagawea dollar coins a while back. The stamps I had were worth nothing. I traded them in at value and bought stuff I needed. no regrets

[Sulfur]

Sounds to me like these may be of some sentimental value to your mil (she may not even know it yet), or she thought you or her daughter might keep them for their sentimental value, maybe to pass on to your kids? I would discuss with your wife and mil before you sell them, especially if you use the profits for prepping. The last thing you need to have thrown in your face by either one is that you sold off their memories of him to buy supplies.

[Mannlicher]

My son owned a small restaurant for years. He always saved me the Susan B Anthony Dollar coins, as well as any of the gold colored Sacajawea Dollar coins. I guess I have several hundred of each. I keep them in a sack in the safe, but they are not really worth anything beyond face value.

[Sech]

Sounds to me like these may be of some sentimental value to your mil (she may not even know it yet), or she thought you or her daughter might keep them for their sentimental value, maybe to pass on to your kids? I would discuss with your wife and mil before you sell them, especially if you use the profits for prepping. The last thing you need to have thrown in your face by either one is that you sold off their memories of him to buy supplies.

nah...no sentimental value whatsoever....just something she collected years ago...she was going to go to the bank and just deposit them as per face value......she being like a lot of folks did not even consider the silver melt value.......

[Godcopp]

Let your decision be led by the following...

Silver - Value goes up.
No Silver - Value goes down.

'Nouf said.

[Benn Gleck]

I save all my non-silver coins (except nickles) and when I get what I think is enough I go buy junk silver.

I recently bought $500 this way.


Here's a tip, don't know if you have the "Coin Star" machines in your AO or not but there is one in the store where my wife works. They don't accept silver coins and she has been able to pick up many coins by buying them for face value when the machine spits them out. She got 7 quarters and a war nickle in one day last week.