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Coin Collecting?

Discussion in 'Off Topic' started by cbzdel, May 5, 2010.

  1. cbzdel

    cbzdel Tacoma, WA Member

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    I just received a roll of uncirculated George Washington $1 Gold Coins (no gold content at all, these are the new $1 coins from a few years ago)

    After doing research I read these are worth just that $1.. Unless they are the batch of screw ups that went out without the inscription on the rim of the coin. Those are said to be worth $50-$60 each, that means my roll of coins would be wroth $1250 :D

    What should I do rip them open and check it out or keep them in the coin wrapper just store them away? Or are they even worth it to store them away, maybe I should just rip them open and check for the inscription on the rim, and if its there then just spend the coins :huh:
  2. hammertime

    hammertime Oregon Member

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    That has been the problem with many similar coins, the Susan B, the Sac, even the $2 bill. In the end your better off to spend them and buy real gold or silver. Those have a better chance of increasing in value. A $2 bill is still just worth $2.
  3. Trlsmn

    Trlsmn In Utero (Portland) Well-Known Member

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    I'll pay 50 cents a piece for them! Cash! :p
  4. Artilleryman

    Artilleryman Originally from the central midwest but have reloc Active Member

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    Coins of any type with mint errors are generally valuable....some extremely so.....Even if regular, error free Washington dollars were worth a lot, keeping them in a coin wrapper won't increase their value any. Actually they'd be more likely to depreciate, as being stacked together in a wrapper can cause abrasion and aesthetic damage. Were they valuable, the best bet would be to open the wrapper & store each separately- coin shops have various types of storage / display containers available that will keep them in excellent condition....might as well go ahead & open 'em anyway since the wrapper won't make them worth more, plus you just might find you have one or more rare variants or a one with a mint error.
  5. Kanewpadle

    Kanewpadle Washington Member

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    I have a couple of those rolls hidden away.

    Hit or miss either way. If you collect, put them away. If not, rip it open and see what you get.