WHAT OUR COINS ARE REALLY WORTH:surprised:

[Dyna_Willie]

It all started 3 days ago when I tackled the task of wrapping 5000+ pennies, the next day cataloging all of my silver, and finishing up today on my foreign coins. I started to ponder what the true value of the precious coins I have been saving for 40 years were really worth. I have rolls of dollars, rolls of halves, rolls of dimes, rolls of nickles, and over 100 rolls of pennies; Which coins to lock up in the safe? Bill from DE found this following website. http://www.coinflation.com/ This is when reality hits, those dollars and halves in rolls in the safe are only worth $.07 to $.20 each metal value, the red book has most of them at face value (excluding silver and gold). The big question is, Why am I saving these coins that posses little or no value above and beyond face value? Would I not be better off selling them, or cashing them in and buying gold, silver, or stocks? Please look at the website, and share your thoughts with me.

 

[GRAY GHOST]

well my friend its called "fiat" money. uncle sam has to make or produce money at a profit to pay all those employees at the mints and bureau of engraving, and leave a bit for himself. whens the last time you bought a proof set? 30 bucks for 11 pieces? wow, somebodys making the money, and it aint us brother! united states coin and currency is known the world over to be a more or less stable influence in world affairs. when you see our almighty dollar rear its head in crazy places in the world you wouldnt expect a fly to survive in, then you really know that yourre a part of something big. sure, it only costs a fraction of the real worth of a particular denomination to make, but thats been going on ever since the 1780s. and its gonna keep on keepin on like that. i do not trust the stock market, i lost a lot of money there after 9/11. lost 8 grand overnight. for something that i had nothing to do with. just because i am an american i guess, a lot of other people got hit harder than that. and weve all had to make our own sacrifices since then. a lot of retirement plans were put on hold that day. its really too late to invest in gold i think, because it can no longer be obtained cheaply. if you didnt own it in quantity for the last several years, [like me,] then i feel youve missed the boat. silver, on the other hand, is still very under priced even at almost 17 bucks an oz. im not about to sell my old coinage either...its still skyrocketing. there seems to be no end in sight. and its gonna be that way until it goes back to being a collectors hobby instead of an investor driven vehicle. i already know ive invited a lot of commentary with this post...im really interested to hear what everyone has to say. thanks for puttin up with me, and reading

 

[JoanInCreek]

Gray Ghost and Dyna_Willie,

I used this site to help me identify which coins might be worth holding on to, what metals were in coins, etc....

http://www.acoin.com/index.htm

Seems anything after basically 1958 is what the site refers to as 'lunch money'. I found a 1964 nickle in red mulch in a tot lot which I thought was cool because it's over 40 years old but it's barely worth its face value, so in the coin jar it went. I suppose the only real great find would be that illusive 1943 penny. Saving coins seems to be good only to roll them and cash them in later, though there are still a few coins worth some money. Everyone should always check the dates just to be sure. Or, save them for your childrens kids, maybe they might be worth something to future generations. Still the metal mix in coins after the 1950's is cheap.

Gold of course will always be number 1 but the prices have gotten out of hand. Copper is worth holding on to, as well as silver, but that's just my opinion.

 

[jim tn]

Excluding silver coins, just think what 40 years of coin finds could be worth if all had been banked annually and left there to draw interest....verses what they are now worth doing nothing. HH jim tn