As much as I love the daily calls inquiring about how much the 1795,1796, 1804, 1848-CC, the ridiculously large Washington Head dollar (my favorite) and other wonderful rarities are worth, I have decided it is time to put this stuff out there so many of you can quickly discern whether your coins (that you most likely bought for $25 with a vision of selling for $250,000) are real or counterfeit. There is an enormous amount of counterfeit coins circulating around the Los Angeles area, and truthfully in the world. While I am not going to get into hardcore counterfeiting techniques and the different methods in this article, I am going to show you a few basic characteristics of the coins that I see, and get called about, on a daily basis.
After nearly a decade of doing business on the national coin circuit as a coin dealer, Meridian Coin was started in March of this year as a new venture aimed at incorporating our extensive skills and knowledge to serve the greater Los Angeles community with regards to their rare U.S. coins, rare World Coins, bullion, stamps, jewelry and firearms. After nearly 9 months of dealing with the community, the feedback has been nothing but positive and we are aggressively buying all the aforementioned categories of assets. People continue to tell us that they appreciate our honesty, strong prices, no hassle and free appraisals of their items and our instant payment. We have worked hard to create an environment where everyone is treated with respect and everyone is treated equal whether bringing in $100 worth of coins or $10,000.
The World War II generation and Baby Boomer generation, to some degree, lived in a time when the change that they carried in their pockets was actually composed of silver. Up until 1965, the dimes, quarters and half dollars struck in the United States were composed of 90% silver. The aforementioned folks received this change all the time and many of them had change jars, boxes and old bags that they would throw this stuff into. Furthermore, casinos paid out in change, and yes it was 90%. Some people were smart enough to hoard 90% silver figuring that at some point in time it would have more value than the paper money that it could be exchanged at the bank for. There was also widespread publicity in the early 1960’s about the coming change in silver content of the United States coins, basically a debasement, but we can talk about that at another time. Point of the story is, almost every household in America has some quantity of 90% silver lurking in it somewhere. Now, most of the 90% silver is just worth its’ silver value but occasionally you might come into some 90% that has some better dates in it, and that is good for you. Also, 90% adds up very fast and with silver at current levels you would be amazed at what a coin jar full of 90% adds up to. So, to begin we should look at 90% in three parts: the dimes, the quarters and the halves.
We receive calls daily from individuals who have either found or been left a small to medium size group of U.S. coins. These coins are generally a mix of common date U.S. silver dollars, 90% silver, Lincoln Pennies from the Wheat Series and so forth. In an effort to better guide our audience as to what they have, this article will highlight the most frequently found coins in the U.S American household and what they are worth. It will also give a brief explanation of where there might be rarity, or numismatic value, in any one of the categories that follows.
The rare coin business is a wonderful blend of art, history, artifactual amazement, treasure seeking, precious metals, trading and . . . cutthroat business. To engage in the rare coin marketplace, you must understand the complex world of numismatics. Below is the first part in a series to inform you how to approach rare coins and semi-numismatics to make, and not lose, money. We will explain the bonds that exist in the rare coin marketplace and how to leverage this knowledge to your advantage.
When buying silver bullion, the consumer/investor has many options. While the difference in the actual prices paid for silver bullion coins, as a percentage over NY Spot Silver, is very small, there are still some facts that you need to know. Options for the silver buyer who wants to hold physical silver break down into four main categories: