1. Sign up now and join over 35,000 northwest gun owners. It's quick, easy, and 100% free!
  2. We're giving away over $1,000 in prizes this month in the Northwest Firearms Winter Giveaway!
    Dismiss Notice

Coin Collecting?

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

  1. cbzdel

    cbzdel Tacoma, WA Member

    Likes Received:
    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

    Likes Received:
    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

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

    Artilleryman Originally from the central midwest but have reloc Active Member

    Likes Received:
    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

    Likes Received:
    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.