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« Star Money Articles and Carnivals for the Week of January 14 | Main | Two Money Mistakes that Could Cost You $1,000,000 »

January 18, 2008


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They say pennies from 1982 and earlier have a higher copper content which makes them worth more than face value.

ooooh, pennies....

I did this just a couple of weeks ago. I had a coin from my parents. An uncirculated Carson City silver dollar from the late 1800s. I sold it on Craig's List for $150.

As a numismatist myself, I want to beg those that are considering selling your coins, especially silver coins, that you do NOT sell them to people who will be melting them down to resell for the silver value. Coins are a piece of history and deserve much better than that. If you are looking at selling your coins, I recommend doing a couple of things. First of all, if you go buy a coin values book, don't expect to get those values if you sell to a dealer. A dealer is out to make money by reselling them and will undercut those prices. Secondly, do your homework for a respectable dealer. When you go to a dealer, make sure that they have a good reputation and know approximately what your coins are worth before going. You may want to have them appraised by one dealer before you sell to another.

FMF, if you are considering selling, let me know. I would be interested in knowing what you have.

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