Toward the end of the series, the trade dollars from 1878 onward were Proof-only issues, as no related Philadelphia Mint coins of these dates were struck for circulation. It works, not because it settles the question for you, but because in that brief moment, when the coin is in the air, you suddenly know what you are hoping for!” Unknown While some dealers were worried, other people were happy - especially collectors and members of the public who had the good fortune to buy bags of 1903-O, 1898-O (another prime rarity of the time) and 1904-O dollars (still another rarity), and other issues for face value. Sell Coins Near Me Offers Coin Overviews, Steps to Sell Coins, Price Guides, and the Nation's Largest Database of Coin Buyers to Help You Sell Coins! Prior to 1965, the majority of United States coins contained either gold or silver. Trade dollars are fascinating to collect, but have been largely overlooked. I agree with you, it will hurt e-bay. Although 1873-CC does not have the lowest mintage, it is the rarest Carson City Liberty Seated dollar. Now for a person that won a $10K Aureus=$1300 With the 20 percent comm. Peace silver dollars have also been popular in recent years, not as popular as Morgan dollars, but still very much in the center of activity. After all, if you are paying a premium to have a low-ball coin, you want it lower not higher. In the numismatic field complaints were rife about the Morgan dollar. By law coin silver has been marked (on all items except those produced by national mints) in Great Britain (since 1904) and in the United States (since 1906) with a variety of figures or words: coin, .900, or 900/1000. Very fair prices. Problems arose, and at one time the huge storage vault in the Philadelphia Mint became damp, the cloth bags which contained 1,000 dollars each rotted, and chaos ensued. Let’s take our time and work through getting your collection in order. Once you have a decent idea of what each coin is worth, record that amount on the spreadsheet that you created. The first United States silver dollars, dated 1794, were produced to the extent of 1,758 pieces according to contemporary Mint records. Roosevelt and Mercury Dimes, Washington Quarters, and Walking Liberty Franklin and Kennedy Half-Dollars minted in 1964 and earlier are 90% silver. Your 2015 R5 Griqua Coin could be worth as much as R1,250.00. Most business strike trade dollars were produced in the West at the San Francisco and Carson City mints; for two reasons: proximity to China and nearness to sources of silver for coinage. Collectors focus on rarity and condition primarily. If you would like to learn more about the 2015 American Silver Eagle Coin or its upcoming release,please call us at … Early Releases! Since these coins were made of 90% of the respective precious metal, it is helpful to use a current melt value chart for your coins. Protect the Value of Your Collection American Rare Coin and Collectibles has purchased coins, currency, gold, silver and diamonds from over 75,000 satisfied customers in the Twin Cities area, Greater Minnesota and throughout the Midwest region. Today the building of a set of Liberty Seated dollars affords an interesting challenge. 1940-D Nickel Value With a mintage of 43,540,000, the 1940-D Jefferson nickel from the Denver Mint is far scarcer than the 1940 Philly nickel. Within a year the Treasury vaults were nearly empty, except for three million pieces, primarily Carson City coins, which the government held back and decided to sell at premium prices (this was later done through a series of sales conducted by the General Services Administration, a government agency). Remember, this is for the most common material. 1940-D Nickel Value With a mintage of 43,540,000, the 1940-D Jefferson nickel from the Denver Mint is … fees (most auctions) that adds $200 on $1K coin/ $2000 on the $10K one. Both the NGC and PCGS use the Sheldon numeric scale for certification which includes the issuance of a number ranging from 1 to 70, with 70 representing a coin in perfect condition. The price dropped precipitously, and general panic ensued among dealers. Any selling premium on top of the melt value comes from the Numismatic Value. The engraver's initial M appears at the truncation of the neck of Miss Liberty on the obverse and at the wreath ribbon on the reverse. Inexplicably, the design was resurrected in 1999, then disappeared. As noted earlier in the present guide text, Morgan dollars were first minted in 1878, although no one particularly wanted or needed them. In either case, you are guaranteed the highest value possible for your rare coin collection. In 1921 it was decided to coin additional silver dollars, and the Morgan design, unused since 1904, was resurrected for further use. Several hundred dollars will buy an attractive example in one of the lower circulated grades. Beginning in 1840, silver dollars were again struck in large quantities for circulation, during which year 61,005 were minted. Although Morgan dollars were now much more common, the number of collectors and investors interested in them had expanded even more than the supply of coins available, and Morgan dollars became the most desired American coin series. Don’t get your feelings hurt if several of the potential coin buyers that you call have no interest in seeing your coins. Frank Gasparro could have told the Treasury Department about the mistaken identity problem, for he related in a conversation with me that he took one of the earliest pieces minted and endeavored to spend it in the employees' cafeteria at the Philadelphia Mint, where the cashier immediately mistook it for a quarter! When it comes to selling coins, there are a lot of factors to take into account. Several prime rarities were produced during that span, including the 1851, of which 1,300 originals were made, and the 1852, struck to the extent of 1,100 pieces. Feel free to ask questions when selling coins. If you are not computer savvy, you can always hand-write your list of coins. Proof Positive Coins Ltd. and Gatewest Coins Ltd. purchased the other on August 15 at the ANA World’s Fair of Money in Chicago from the George Hans Cook Collection. We make it easy to get the most money for your Coin collection. True to time honored American tradition, politicians stepped into the situation and suggested that Uncle Sam purchase millions of ounces of silver in order to buoy the market. It is impossible to judge the condition of a coin without seeing it in person. Therefore, these are de facto business strikes, no argument. WE WOULD SELL THIS LIMITED SUPPLY OUT. Earlier, veteran dealer Abe Kosoff conducted a survey among his clients and sought to determine the most popular United States numismatic specialties. Toward the end of the 1950s, Harry Forman, the Philadelphia dealer, developed a lively trade in selling Carson City and other dollars in roll and bag quantities, as did several others. The Grey Sheet establishes suggested Bid/Sell amounts that are considered more in line with the coin’s true value. George T. Morgan, who had come to the Mint from England in 1876, and who in 1877 had posed Philadelphia schoolteacher Anna Willess Williams and had copied her portrait for use on a pattern half dollar, was commissioned to create a new silver dollar design. In addition, we have been voted Coin Dealer of the Year by the Consumer Business Review EVERY year since 2007 and we are proud to be "A+" rated by the Better Business Bureau. Television, newspapers, and other media picked up the situation, and a treasure hunt was on! The Treasury hoard: In the autumn of 1962 a few Uncirculated 1903-O dollars found their way into the market. Our private coin collector clientele want your rare coins. The eagle resembled a turkey or, worse, a buzzard, and in any event the whole motif was exceedingly inartistic, according to comments printed in the American Journal of Numismatics and elsewhere. However, nearly all of the 1,000 pieces struck in 1836, and 600 additional 1836-dated pieces struck on March 31, 1837, were deliberately placed into circulation by the government. The idea of acquiring a $1,500 1903-O dollar for just one dollar was like finding gold in the streets. Professional Coin Grading Services is a division of Collectors Universe, Inc. Get free numismatic news from leading coin experts, in-depth articles, market summary videos, surveys & more! Examples are elusive in any grade, and Mint State coins are fantastic rarities. Sell Coins Near Me is Your Link to Search the Nation's Private Coin Buyers, Coin Dealers, & Coin Shops. Based on melt value alone, these two coins are of equal value. For years afterward coin dealers offered common trade dollars for sale retail for less than $1 each! Proofs were minted of all dates from 1873 through 1883. The PCGS3000® reflects the opinions of PCGS’s coin price experts with respect to indexes developed by PCGS for specific coin categories. We highly recommend not selling coins or coin collections to Pawn Shops or those that advertise “We Buy Gold” such as a local jewelry store. Products listed here are In Stock and specially priced […] Today the specialty has faded somewhat. THIS GUARANTEES YOU THE COIN YOU GET FROM US IS THE GRADE WE PROMISE. One Cent or Half Dollar. Silver dollars divide themselves into several neatly defined groups. Mercanti finishes his design by inscribing “United States of America” along with the coin’s weight and denomination near the outer edge of the coin. Although mintage figures revealed that 4,450,000 1903-O dollars had been struck, it was generally assumed that nearly all were melted in 1918 under the provisions of the Pittman Act. Morgan dollars did not finish even in the top 10! They may see from your list of coins that they don’t carry much value or they may be coins that they don’t typically collect or deal with. The record price paid for a 1940 nickel is a specimen that was certified by Professional Coin Grading Service (PCGS) and graded MS-68 Full Steps is $6,462.50. At the moment spot gold is $926.00 and they will buy my 1 oz Gold Panda coin for $938 or sell you one for $978. The goal of replacing the use of one dollar bills with one dollar coins was not successful, and one of the main reasons for the failure was the size of the Susan B. Anthony dollar. The government tried to spur the circulation of Anthony dollars, and put up signs in post offices stating that they would be paid out and received there. Kelly Norris pointed out a 1909-S U.S. Philippines Peso coin in PCGS MS-62 sold for $900 this week (Heritage) - roughly three times the amount we were seeing on … Very fair prices. Within the span of coinage, several rare varieties occur, the most famous of which is the 1797 with nine stars to the left of the obverse and seven on the right, and with small letters on the reverse. We are life members of the American Numismatic Association and authorized dealers of both PCGS and NGC. The difference is the Numismatic Value:  a 1964 Kennedy Half Dollar is widely available in any condition and as a result is typically worth just the value of the silver (there are some exceptions to this); whereas a 1921 Walking Liberty Half Dollar could fetch thousands of dollars depending on where it was minted and its condition. The always popular Lincoln wheat penny, launched by the U.S. Mint in 1909, are beloved by casual collectors and serious numismatists alike.While some original edition pennies from 1909 boast significant collectible value, there are other editions of the Lincoln coveted by coin collectors as well. For instance, let’s say that you have a common date $20 St. Gaudens in poor condition. Although there are some exceptions, such as war nickels and Three Cent Silver coins, it is safe to assume that all coins minted prior to 1965 from a dime to a $20 Double Eagle contain either gold or silver and have a melt value. Here is a link to a commonly used resource PCGS Photograde which is a lot of fun to use. Keep in mind that, at minimum, you should record each type of coin, the quantity that you have of that coin, and the mint that it was produced at. One guy setup near me drinking a beer said “Celebrating ha ha that first rascal returned it but second try by auction house that copper spotted piece of trash took, thank gosh, finally got it dumped off and even made money on it (lots of laughing).” The authors described in detail minute die varieties of Morgan dollars, and a new generation of specialists was created. Unquestionably, a couple generations ago, when Texas dealer B. Max Mehl focused many advertising campaigns around the 1913 Liberty Head nickel, it was king, but in recent times more publicity has been given to the 1804 dollar. Condition of a coin is a strong driving factor when establishing value. 71 reviews of California Numismatic Investments "One of the best places to sell gold or silver coins. Another amazing coin from the Sunset consignment, this early San Francisco piece has a population of just 16 pieces reported by CAC, with only a single piece higher, at MS64. The most often seen early dollars are those of the Draped Bust obverse, Heraldic Eagle reverse style, minted 1798-1803, particularly dollars bearing the dates 1798 and 1799. Beginning after the Treasury release of 1962, Morgan dollars went right into the top 10, right up to number one, and have remained near or at the top of the list ever since. Regardless of the metal composition of the coin, many coins have a very high numismatic value. These silver coins, 420 grains in weight and heavier than a standard United States silver dollar, were intended for use in the Orient to compete with Mexican silver dollars. If so, you have come to the right place! Well worn specimens came on the market occasionally, but Uncirculated pieces appeared in auctions less often than examples of that great American rarity, the 1804 silver dollar! When you sell coins, one of the most important things to understand is the difference between numismatics and melt value. Although they are a great resource to give you an idea of value, the price guides from NGC, PCGS, and the very well-known Red Book are not used by most private coin collectors, coin dealers, and coin shops when they make an offer. In 1962 a book was written about it, The Fantastic 1804 Dollar, by Eric P. Newman and Kenneth E. Bressett. Draped Bust dollars with Small Eagle reverse, first minted in 1795, are readily available today as a type. The 1947-D nickel saw a mintage of 37,822,000 pieces — though this isn’t considered a rare coin by any stretch of the imagination.. Which makes certain coins more attractive from excellent dealers. Well, this Home Page on Sell Coins Near Me will walk you through the process! As the pieces were sold as part of silver Proof sets (containing silver issues from the half dime to the standard dollar in 1873; and from 1874 to 1877, from the dime to the half dollar), numismatists were forced to buy them. One 1947 no mintmark nickel graded MS67 Full Steps by Professional Coin Grading Service (PCGS) sold for $4,112.50 in a 2014 auction! In 1976 a book, The Comprehensive Catalogue and Encyclopedia of U.S. Morgan and Peace Silver Dollars, by Leroy C. Van Allen and A. George Mallis, was released and sold to the extent of thousands of copies. During the early period of Proof trade dollar issuance, from 1873 to 1877, the coins were not desired by many collectors. Another famous dollar is the 1858, struck only with Proof finish, quite possibly to the extent of only about 300 coins, equal to the number of silver Proof sets believed to have been sold by the Mint that year. All 1794 silver dollars are lightly struck at the lower left side of the obverse and on the corresponding part of the reverse, due to the faces of the coining dies not being aligned parallel with each other. Unfortunately, or, depending on how you look at it, fortunately, no record was kept of the specific dates and mintmarks melted. No 1858 dollars were made for general circulation. As soon as the sets were unwrapped, many collectors simply spent the Proof trade dollars, with the result that today Proofs of the early dates, especially Proofs in high levels of preservation, are considerably rarer than the mintage figures indicate. Following an extensive coinage of patterns in 1872, trade dollars, at first called commercial dollars, were struck in large quantities in 1873. In the 1950s the interest grew somewhat, and such dealers as Norman Shultz and Bebee's made a specialty of Morgan and Peace dollars, offering many different varieties for scarcely over face value. It soon developed that these were a flop in circulation, as the public mistook them for quarters. A coin that only has a few thousand in collectors hands is worth more than a coin that has millions in collectors hands, as you would assume! Business strike silver dollars of the 1794-1803 years were studied by M.H. In the latter year some 300 pieces were produced for circulation, again with Proof finish. What to do with this unneeded, unwanted silver? Therefore, the PCGS3000® should only be used as one guide to rare coin prices and historical price movements, and not as the sole source for determining the value or market history of a particular coin. The type collector desiring an example of the Flowing Hair style can be satisfied with a 1795-dated piece, of which at least several thousand exist in numismatic circles. At the bottom of each coin profile in the database there is a link to guides on PCGS and NGC where you can click on the type of coin to discover where the mint mark is located. In December 1921 a new design, the Peace dollar, appeared. Our family has been in the gold and coin business for over 50 years. There is a monthly, paid resource that most coin buyers use called the Grey Sheet. Liberty Seated dollars were produced continuously through 1873, with a design modification in 1866 when the motto IN GOD WE TRUST was added to the reverse. Again, no records were kept of the dates and mintmarks destroyed. Lower grades equal poorer conditions and conversely higher grades mean better condition. Bolender, and die varieties were described in his book titled The United States Early Silver Dollars from 1794 to 1803. We do our best to provide precise spot prices; however, during times of market volatility, prices may not be to-the-minute accurate. There simply was no market for the vast quantities of silver being brought up from the Comstock Lode in Nevada and from the hills west of Denver. When you send a private coin collector, coin dealer, or coin shop the list of coins you would are considering selling you should always remove any notes that you made regarding your estimated value of the coin. What you should end up with is groups of coins that all have the same denomination and look the same to you. Most private coin collectors, coin dealers, and coin shops will not make an offer without seeing the coins first hand. We have structured our database to begin with the smallest denomination and works its way up. In January 2003, at a previous auction sale of this coin, a $1 Canadian coin was sold for approximately CAD 1,066,000. Later the book went out of print, and at the same time prices continued to rise. On the other hand, the later Proof-only issues (1878-1883) were recognized at the time as having a special value, and most of these were carefully preserved. If you have a very large collection or simply don’t have time to list each coin that you have, it is important that you keep track of at least the types of coins and the quantity of each. So popular have silver dollars been that a special group, the National Silver Dollar Roundtable, exists to conduct an annual convention specifically treating the field. By that time silver had fallen to a low point on the world markets, and in silver-mining areas, unemployment was rife and the economic outlook was grim. He has been a full-time dealer since 2002 and PCGS, NGC & PMG authorized dealer since 2012. Rarity can be looked at as the number of coins that are still available for purchase today. If the coin buyer would typically offer $100 for your coin and you have it marked as being worth $10, you may get a lower offer. A new revised edition of this fine book appeared in 1992. The public continued to have a good time, and a new market arose - as thousands of people desired to acquire as many different Morgan dollar date and mintmark varieties as possible. You do not need to be an expert to take this first step. In addition there is the 1804 silver dollar, which is in a class by itself. Although there may be exceptions, most of these establishments purchase coins based solely on their Melt Value and keep all of the Numismatic Value on the back end in the form of profits. The value of most circulated coins minted in the 1920′s through 1964 is primarily from their silver content. ... 1856-S PCGS AU58 CAC 50C . Wheat Cent Values. Peace silver dollars were produced through 1935. In 1971 a new type of dollar appeared, no longer a silver dollar, except for certain issues made for collectors, but a clad metal dollar made of copper-nickel alloy. most of the graded coins we sell are graded by the leading coin grading services in the country, pcgs and ngc. Coins are often assigned a grade with “Mint State” or “Proof” as a label that identifies whether the specimen in question is a certified bullion or proof coin. Some 15 dollars dated 1804 are known, divided into three styles, sometimes designated as classes I, II, and III. In the meantime, millions of other Carson City, New Orleans, and San Francisco early dollars reached the hands of eager collectors and investors. Visit the websites of reputable grading companies and coin dealers for the best advice on how to proceed. ): Gold $1779.60 Silver $27.37 Platinum $1,278.00 Palladium $2,236.00. Particular coins being offered for sale may not have been included within particular indexes, and if included, may not have experienced the same market movements as the index as a whole. 1947-D Nickel Value Not nearly as common as the Philadelphia (no mintmark) 1947 nickel is the one from the Denver Mint that year. Let us help you find out how much your R5 coin is worth, and where you can sell it. Regardless of if you are a lifetime coin collector or recently inherited a coin collection, when it comes time to sell coins you have many options out there. The formation of a complete set of business strike trade dollars 1873-1878 is a distinct possibility for just about anyone, for there are no major rarities (although the 1878-CC is quite scarce). The last word has not been written on this subject, although the author's book, Silver Dollars and Trade Dollars of the United States: A Complete Encyclopedia, gives much information. Our In Stock Specials are based upon the following fixed Spot Prices – the price(s) you pay will be based upon the Live Spot Price(s) at time of purchase: Product Spot Price Basis Friday, February 19, 2021 8:33 am. Interestingly, each denomination has changed its appearance over time. The 1870-S is a great rarity and typically comes on the market only when great collections are sold, and the aforementioned 1851, 1852 and 1858 are seldom seen, but if these four varieties are excluded, the building of a set from 1840 through 1873 is within the grasp of just about everyone. Prior to selling anything, you should always have a keen awareness of what you have. With over 60 years of combined numismatic experience we are here for you. Morgan dollars were without honor in their own time, and during the early years of their coinage, 1878 through 1904, very few numismatists bothered to collect them. Certain varieties of Liberty Seated patterns were also made dated 1836, and additional pieces were produced in 1838 and 1839. What does the 2008 Mandela R5 coin look like? As the world's largest collectibles auctioneer, we bring our huge client base, technical savvy and Approximately 130 different specimens are known, most of which are in grades from Fine to Very Fine. Today the 1794 dollar is a rarity. The guides are just that, a guide for you to establish a range that you could reasonably expect to receive for a coin. With decades of experience, the creators of Sell Coins Near Me understand that selling single coins or coin collections can be a daunting task. There is something basically nifty about handling a large, heavy Liberty Seated silver dollar from the 1840s and wondering where it has been and what it has seen in the meantime. If you thought a coin was worth $100 but you were only offered $10 don’t hesitate to ask the collector or dealer where the discrepancy is. Would the government be destroying the very structure of the coin market by releasing rarities in quantity? Using the Half Dollar for example, the design of this coin has changed eight times since it was first minted in 1794. AT $4900, THIS WOULD BE A GREAT OPPORTUNITY. Collectors Universe, Inc. disclaims any warranties whatsoever with respect to the accuracy of the PCGS3000® or any specific coin index. Peace dollars suffered their own melting situation; tens of millions were reduced to silver bullion in order to obtain metal for use in the Manhattan Project, which saw the production of the first atomic bomb. At the moment spot gold is $926.00 and they will buy my 1 oz Gold Panda coin for $938 or sell you one for $978. The ownership of a 1794 silver dollar in any grade has always been regarded as a source of pride and a mark of distinction. PCGS The Standard for the Rare Coin Industry. Most of these are in worn grades, although an occasional Uncirculated piece is encountered in the marketplace. Most stayed in banks, where they could be obtained on special request. Welcome to Gemco Coins, Jewelry, Guns and Pawn!Since 1988 we have been buying and selling gold coins, silver bullion, collectable coins and jewelry in the Central Ohio area and we are a PCGS Authorized Dealer. Unlike Morgan dollars, all Peace dollars are readily available in Uncirculated grade, and the building of a set of 24 different varieties minted from 1921 through 1935 is a definite possibility for just about everyone, although the 1934-S is apt to be expensive. Coin dealers and coin dealers for the best places to sell outright nickel value with a of! Pieces were produced to the extent of hundreds of millions remained in Treasury bank. The Treasury hoard: in the major cities and centers of civilization, few people cared jangle! 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