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The Hoard...Part 2

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jackson64

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fun and frustrating..

When I last left off, I had sat down with B** and we were discussing what to do with the 5 toolboxes of coins. He has decided to leave them all to K***'s 15 year-old daughter for her college fund.

My part is to separate out the coins that will potentially get more money if certified..and to sort/catalog the remainder...here are some of the finds in the first 4 boxes:

--700 silver dollars--most BU of common dates ( $25-50 each in 62/63) and the semi-key and keys are almost all worn

-- over 300 ounces of silver-- including many mint rolls ( with green caps) of Silver American Eagles

-- about 100 xf/au Indian heads...

--1000+ worn walkers and Franklins..no key date Walkers and the entire group is at or near melt value

--a few hundred Buffalo nickels, many semi-keys in the AU range and worth a few hundred for a few..many BU common dates not worth slab costs and lots of partial dates

-- rolls and rolls of orignal Roosevelt dimes dated from 1949-1956..all pristine with highly toned end coins( unless they're MS68's not really worth the slab cost for a $50-75 coins)..

-- about 2 dozen XF 3-cent nickels

-- about 50 total Seated coins from half dimes to quarters, the few harder dates being more worn and the xf/au coins being easier dates but still in the $80-120 range

-- a hundred or so Barber coins, almost exclusively in the solid VG/F grade with partial to full liberty on the headbands

-- multiple proof sets of every year from 1956 through 1981...none of the pre-1970 sets display cameo, although there are some fabulously toned coins and pristine specimens

--sacks & envelopes filled with Washington Quarters, another with wheaties, circulated mercs and wartime nickels

-- a complete Capital Plastics displayed set of mixed grade Washington's..the 1932-D and S would grade VF and F conservatively

--filled penny albums, miscellaneous modern commems from the 80's including the 3-piece ( with gold coin) Statue of Liberty, Constitution and Olympic sets--the only gold I found

--Canadian silver commems and a roll of Mexican onza bullion coins.. and on and on...

There were a few good finds mixed in:

---11 GSA Morgans, including 3 different Carson City dates

--- an 1864 L Indian cent with nice details but some reverse pitting ( NGC details grade for this one)

--- a beautiful BU 1934-S Peace Dollar ( also a lustrous 26-S)

--- an 1854 with arrows Seated Quarter in AU/BU slider

--- 5 Type 2 1979-S proof sets

--- a worn 1893-O Morgan

--- an 1881 shield nickel in au/bu and 3 highly worn 1912-S Liberty nickels ( there were a lot of Liberty nickels)

--- a very pretty 1859 Trime, toned and in xf/au

In the end, the vast majority were sadly worth little more than their melt value. There were about 200+ coins in the $50-100 value range which makes them not worth slabbing. Maybe 40 total coins worth encapsulating because of their scarcity or they could grade high enough to be worth it.

In the end it was very fun to sort through them all, the anticipation that the next coin may have a 1942/1 or that 37-D might have 3 legs..kept it exciting. I must admit to a degree of disappointment in the end for not having found a few $5000+ coins or low mintage rarities..............HOWEVER......

Before everyone gets the impression that I wasted my time, B** did mention to me that his brother's safe is full of coins that he kept seperate from the rest of the hoard..so the dream remains alive !!

Also, don't feel too bad for me..I told him to hold onto the bulk of the coins for now while the market is down and just slab the choice ones..however when the market picks up he has asked that I help liquidate them and has agreed to a small % of the proceeds for me !! With $25,000-30,000 in coins and bullion so far, my efforts for my friend may yield me enough to purchase one High Grade addition to my own collection...

I'll update you on what is in the safe ( I'm going to inspect the contents Wednesday)..in the meantime you'll pardon me please if I dream about Bust coinage and Trade Dollars....St Gaudens and key dates.....

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