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Company to continue buying old coins until Sunday
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Local residents still have three days to bring coins and other valuables to Best Western on Sparta Street.
The International Coin Collectors Association is buying old coins in a show that runs through Sunday.
“There are so many valuable coins out there and we pay more than anyone else,” said Bill Dennis, who is managing the local show. “Because silver prices are so high, the highest they’ve been since 1980, old coins are bringing pretty good prices.”
Woodbury resident Tim Blanton made the trip to McMinnville yesterday to sell his collection of coins while the price is high.
“I’ve been collecting for 30 years and these have been sitting in a gun safe for the past 10 years,” said Blanton. “I figured I might as well sell them. The only other thing I’d do with them is pass them down to my kids.”
Most coins minted before 1964 have a high percentage of silver, according to Dennis, so they are bringing top dollar. One customer brought in a batch of dimes yesterday morning that brought 20 times their face value, or $2 per dime.
Rare coins that are valuable include the Buffalo Nickel, Washington Quarter, Standing Liberty Quarter and Mercury Dime.
By far the most valuable, according to organizers, is the 1943 cooper penny, which will make its owner rich.
“The least you’ll get is $1.5 million,” said Dennis. “They only made about 20 of them and six or eight are all that’s known to still exist.”
The International Coin Collectors Association travels year round to hundreds of locations throughout the country. Anyone with coins is asked not to clean them because it can damage the value. Tarnish on coins is OK. Customers can bring as many items as they want.
Show hours are 9 a.m. to 6 p.m. today, and 9 a.m. to 4 p.m. Saturday and Sunday. Call (217) 787-7767 for more show information.