Coin Collection

[Guest Jamob]

Hi

I was wondering if someone could give me some advise on a collection I have recently come across. I bought my house some 6 months ago and have been renovating it and in the basement there were two large safes and I have eventually got round to having them opened.

It turns out they were both full of coins. I am wanting to know firstly how much they are worth and if I am best keeping them or selling them now and if so, how and where do I sell them.

Heres the list!

I imagine this is quite unusual as I have a bags of 1967 pennys (with a tag on of value £10) so I assume there are 1000 coins - all are in mint uncirculated condition and are extremely good condition with a full shine as if they have been kept in an air tight surroundings since 1967.( sorry I do not know the proper words!)

I also have two bags of half pennys with value tags of £5, these two bags are actually sealled with string and a lead clasp with a marking on, again these will be 1967 and I assume are in the same uncirculated "as new" condition that the pennys are.

Also about 10 bags of "as new" uncirculated 1967 three penny pieces, bags tagged from the bank at £1

Around 20 1951 half crowns in fine condition

And probably 100 assorted pennys ranging from 1897 to 1967 in circulated condition ranging from good to fine.

Any assistance on this would be greatly appreciated!!

Many thanks

James

[Peter 615]

I wouldn't get too exited on the values.

There are 240 1ds to the £ so £10 worth = 2,400nr

You could spend the rest of yor life trying to sell them on Ebay but they are only worth a few pence each.

Like wise a £5 bag of 1/2ds will contain 2,400 coins the value again minimal.

There will be 80 3ds in a £ bag again worth just a few pence each.

You will obviously flood the market with the quantities you have (limited demand I suspect)

From memory I think you will find 1967 is the most common date for all three denominations.

I believe pre 1992 2p's are worth 3p in copper (a 1/2d is about the same size) so a £5 bag could be worth 2,400 x 3p = £72 in scrap.

Or you could approach a dealer.

The 2/6's and circulated coins are likely to be low value but if you've got the inclination get a coin book out of the library and check for any rare dates or varieties,

I hope this helps.

[Chris Perkins 228]

James,

Bags of sealed 1967 coinage are actually very common. Lots of people kept a bag or 2 at the time because they were the last and the people thought they might one day be worth something. They were horribly wrong because the world and his aunt already have bags of them!

The £10 penny bag will contain 2,400 coins because pre decimal there were 240 pennies to the pound.

In each of the halfpenny £5 bags will be 2,400 coins.

Each of the £1 threepence bags will contain 80 coins.

The bronze coins are worth more for scrap now than the face values (probably about 3p for each halfpenny and 6p for each penny). Most dealers already have bags of 1967 coinage, enough to last more than a lifetime usually. You'll probably have a hard job finding someone that wants them purely because of the postage cost being more than they're worth.

I might be interested in a bag of 1967 threepences and the 1951 halfcrowns.

[scottishmoney 29]

There was someone on here that was looking for the 1967's in mint bags. Some people will want these for the curiousity value, but the 1967's are the most common date by far after 1936.

They may actually be worth more for the bronze value now than collector value.

[Red Riley 2]

Hi James,

I think you've probably worked out by now that your best course of action is to stick them bsck in the safe for the next occupant to find...

[Guest Guest]

Thanks for the prompt replies.

Is it not illegal to sell them for scrap? After all if all 2p pieces are worth 3p for scrap every delboy and rodney would be at it!

Cheers

James

Ps. Chris - how much would you be willing to pay for the items you want?

[Chris Perkins 228]

It is illegal for new money but there's a bit of a loophole for older coins.

For 80 mint 1967 Threepences I'd pay £5 max. For the 1951 half crowns it depends how nice they are. Perhaps you could scan and attach a picture to a post here (for which you have to be a member) or email me a picture/s.

[scottishmoney 29]

I would buy the 1967 1/2's and 1d's but the postage would be a killer unless you can come over to Ireland next spring