Your Questions About Silver Foreign Coins

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Donald asks…

I have foreign coins, can anyone translate?

I have a mexican/spanish coin, has a golden/bronzy center and a silver outline, on the back it shows $1 , and n the front it says “estados unidos mexicanos

I have another bronze/gold coin, says 5G on the front and on the back it says “Beatrix koninginder nederlanden” with a face side view

Yes, another coin, Shows a sheild, with a 5 over it and “Schiling” with a leafy border, on the back, it shows a man riding a horse and has “Redurlik Osterreich” Border

I also have another coin, but its in a language i have no idea, it looks like its in persian, but i dont know.

Justin answers:

Apart from their nominal value:

1 estados unidos mexicanos = United Mexican States (pretty obvious in itself, no I haven’t studied Spanish)

2) Beatrix koninginder Nederlanden = Beatrix Queen of Netherlands (I haven’t studied Dutch, but German I have, it’s pretty similar)

3) Republik Oesterreich = Republic of Austria

Joseph asks…

I have been left a couple of boxes of coins. They are a real mixture, Roman coins,Elizabethan coins,£5 silver

coins, colonial coins………….all sorts.I took some to a coin dealer and was offered £25 for the six I showed him, the next day I took the same coins to another dealer and he offered me £45 for the same coins( so much for Yellow pages) . Can anyone suggest a reputable dealer or had any reputable dealings?( UK answer please ), There are approx 900 coins in both foreign and UK denominations covering approximately 800 years of coinage. I cannot in all honesty hand the boxes over to anyone as they might swap important ones( yes I really trust my fellow man these days).

Justin answers:

I recommend you take them to Spinks. I don’t know where you are, but they have outlets in London and York. They’ve been very efficient with me and given me a very fair price on some banknotes and coins, and told me a little about them.

On one occasion, I wanted to sell some old banknotes I inherited from an aunt. I trailed around various coin dealers (particularly in St Martin’s, London), and refused the offers of around £20 they quoted, having looked them up in their catalogues. Finally, visiting Spinks, they gave me over £300 without argument!

If you can, take them there personally. Here’s their site; you may want to phone them or contact them by email:

http://www.spink.com/about_spink/location_contact.asp

You’ll probably want information about the coins first. Good luck!

Robert asks…

Coin collectors, please help!?

I am thinking about starting my own grading service yet their is a LOT of competition out there.
The reason I want to create one is due to the amount of overgrading and fake coins. Many new collectors are buying these coins, getting ripped off, and then scared to buy coins.

I was wondering if anyone would give me a try, as I don’t want to put a bunch of money into getting holders, and hiring other experienced Numismatists, just to have no one give me a try.

Yes, PCGS, and NGC are great and all, but they charge rampant fee’s. Its easy to see why so many new collectors, on small budgets, dont want to pay $200 to PCGS for a subscription, or $20 starting prices PLUS $5 for the holder and then buy all the shipping equipment and all of that.

So I decided I would make a cheaper alternative, yet with good solid grades. I would be able to do this as the supply of coins I would grade would be a much smaller amount then the other bigger dogs.

I am currently working on a website and already have come up with the name, World Coin Grading Service, or WCGS.

Now you may be wondering how your coins would be graded, each coin sent in is graded by 3 different graders, so that way each coin gets a fair grade.

We grade by ANA requirements plus a few rules of our own. We will NEVER grade any of our coins. I have never sold a coin in my life, and I do not plan on doing so unless a family member is in desperate need of money as I am a collector.
I am doing this just to keep the hobby alive considering the amount people have to spend on hobbies is dwindling in this bad economy.

I have already set up a price range to.

So far this is what I have come up with.

US COINS:

PENNIES:
Pre 1900: $12 Per coin.
1901-1958: $10 Per coin.
1959-Current: $8 Per coin.

NICKELS:
Pre 1900: $12 Per coin.
1901-1958: $10 Per coin.
1959-Current: $8 Per coin.

DIMES:
Pre 1900: $12 Per coin.
1901-1945: $10 Per coin.
1946-1964: $10 Per coin.
1965-Current: $8 Per coin.

QUARTERS:
Pre 1900: $12 Per coin.
1901-1931: $10 Per coin.
1932-1964: $10 Per coin.
1965-Current: $8 Per coin.

HALVE DOLLARS:
Pre 1900: $15 Per coin.
1901-1963: $12 Per coin.
1964-1970: $12 Per coin.
1971-Current: $10 Per coin.

$1 COINS:
Pre 1878: $20 Per coin.
1878-1921: $15 Per coin.
1921-1935: $15 Per coin.
1936-Current: $10 Per coin.

OTHER U.S. COINS:
All other United States coinage, for example, 3 cent nickels, will cost $20 to grade.

FOREIGN COINS:

Foreign coins: $10 Per coin.
Silver Foreign coins: $12 Per coin.

I would only accept coins from the continental US to keep prices low from shipping, and due to the many fakes.

If someone planned on buying a mass order they would get a discount per coin.
Those prices would be for all strikes.

Each coin comes with a holder.
Buyer would be responsible for protecting the coins on the way to me, yet I would require no packaging.

Then buyer must pay $5 for the return ship.
If you buy 2 coins, just $5 ship total.
100 coins, still $5 ship total.
The $5 will cover bubble mailer (or a box depending on quantity), tracking, postage and handling.

I am just wondering if anyone would be interested at ALL as I dont want to have spent a ton of money just to not have anyone willing.

If you have any questions please email me at WorldCoinGradingService@gmail.com

Please respond here if you would give me a try!

I might run a promotion where you grade 4 coins get 1 free etc!
Thanks for the feedback!

I have decided that I will go ahead with the plan regardless.

To many rookie coin collectors are falling for companies such as SGS and IGB.

I am grading a few of my local dealer’s coins for them and if they like my grading they will use me (They get a steep discount, only costs about $5 per coin for them).

I have a few people that have told me they would give me a try.

I hope that one day you guys will give me a try, after all, its under $10!

Thanks again,
Matthew

Justin answers:

I would not consider using you, for one simple reason. You have no guts. Risk-takers fail, but they keep trying until they succeed. Those aren’t willing to take the risk, make the necessary investments, unless they’re promised something first, should be working for someone else, not for themselves.

Daniel asks…

what is the origin of a foreign coin?

there is a heavy featured, large busted woman on the front with the letters R*IMP*HU*BO*REG on the left of the woman’s head, and M*THERESIA*D*G on the right of her head. On the back of the coin, silver, is a large family or royal crest with a crown at the top, two eagles facing out. The letters on the left of the crest are BURG*CO*TYR*1780. The letters on the right of the crest are ARCHID*AVST*DUX

Justin answers:

I take it your coin looks like this: http://silvercoinand.com/wp-content/ups/2010/01/1780-maria-theresa-silver-thaler.png

It’s what is commonly known as a “Maria Theresa thaler”. Maria Theresa was Empress of Austria, Hungary, and several other countries.

In 1780, they began issuing large silver coins with her portrait on them. These coins were called “thalers”, after the region in Bohemia where the first such coins were struck in the 1500’s. BTW, “thaler” is the origin of the word “dollar”

Interestingly, the coin was minted more or less continuously from 1780 into the 21st century, but they all bear the 1780 date. It’s also been struck at more mints than probably any other coin in history: Birmingham, Bombay, Brussels, London, Paris, Rome, Utrecht, Günzburg, Hall, Karlsburg, Kremnica, Milan, Prague and Vienna.

They’re still used for trade in parts of the Middle East and North Africa.

As you might guess, yours is almost certainly one of the “restrikes” minted after 1780. They usually trade at about their silver value. At just over .75 troy ounces, that’s about $27.25

Charles asks…

I’ve found some old U.S Coins but have no clue if they are worth anything can somebody help me out?

Ok so I’m looking through my fathers old “treasure chests” and I found a bunch of old US coins as well as other old foreign coins.
I have no clue if any of the US coins have any value but did a little bit of research and figured out that I have 10 Morgan silver dollar coins, the oldest Morgan coin being from 1878 and the most recent being from 1921 I almost have one for every year since they were minted also I have 2, 1922 peace silver dollars, and 2 dimes from 1938 and a bunch of old pennies from the early 1800s if anyone has any coin expertise or knowledge of theses coins or what I should do with them I’d really appreciate the advice

Justin answers:

It could be a large task for you to get an accurate value of the coins since value is determined not only by date and mint mark but also by condition. I suggest you go to a library ad look at a copy of the Guide Book of US Coins also known as the Red Book. It can usually be found in the reference section of the library. Silver prices have skyrocketed recently so the value of all your silver coins have gone up just because of the silver content. Maybe you could get from help from a local coin club. The members are usually willing to give you a fair assessment of your coins for free but the club might appreciate a donation. Your early 1800’s pennies are a specialty item and should be evaluated by an expert. I have personally witnessed a coin bought for $10 and then sold at auction for over $5000! The coin club could also help with this. Coin club info can be obtained fro the American Numismatic Association at money.org.

Please remember that catalog values are average retail prices and you wil probably get a lower price for your coins. A coin dealer will give you a low offer for your coins but that offer can be negotiated.

Paul asks…

I need a foreign (Israeli) coin ID’ed?

I have a silver-colored coin about 1 cm thick and 1.25″ wide. On one side it reads “GREETINGS FROM JERUSALEM” and some Hebrew writing. One the other side it says “ISRAELI COINS AND METALS CORPORATION” and “1979” . Is it currency, a commemorative souvenir, or something else?

Justin answers:

Google that site (ICMC) to see a whole collection of coins and commemorative strikes.

I live here and have never seen the coin you mentioned but I suspect it’s a collectors item, not a coin of the realm.

There’s too may ICMC sites in google to just glance through them, so I didn’t get as far back and 1979.

You’ll have to wade through the entire set of google pages to cover it all.

Mark asks…

Why did the founders put these clauses in the Constitution? How do you interpret them?

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; – Article 1 Sec. 8

&

coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts – Article 1 Sec. 10
The second one actually starts with “no state shall…”
Pat- thanks but I did read all the words. I think you need to stop pretending there are words in there that aren’t – like the word “print.”

Justin answers:

They did it so that there would be one currency for the country that had equal value in each state. If they hadn’t done that, each state would have made there own currency and/or valued the federal currency at whatever rate best served their needs.

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