Rich Giedroyc a numismatist with HCC Inc., a rare coin management company, evaluates a large collection of coin sets, Liberty dollars, silver dimes and nickels along with collectors medallions and much more to determine their value Tuesday afternoon at WesBanco in Proctorville.
Rich Giedroyc a numismatist with HCC Inc., a rare coin management company, evaluates a large collection of coin sets, Liberty dollars, silver dimes and nickels along with collectors medallions and much more to determine their value Tuesday afternoon at WesBanco in Proctorville.

Archived Story

Tell me what it’s worth?

Published 10:14am Thursday, May 2, 2013

PROCTORVILLE — When Richard Nolan’s father-in-law died, Nolan found a handful of old coins that the man had owned and wondered if they had any value.

On Wednesday morning he found out they did and turned some beat-up silver into cold, hard cash when HCC Inc., did its semi-annual free coin appraisals at WesBanco in Proctorville. In the spring and fall HCC, a rare coin management company, from outside Toledo, comes to the Proctorville bank to appraise old coins and paper money.

“I was going through his safe deposit box and wanted to figure out what they were worth,” Nolan of Huntington, W.Va., said. “I tried to do a little research. Coins are like anything else. It depends on if they are worn or used.”

Many think because a coin is old it is immediately valuable. However age is not the sole characteristic numismatists look for when determining the value of a coin said Rich Giedroyc, HCC appraiser.

“Most of these are older but in bad shape and worth less,” Giedroyc told a customer who wished to remain anonymous. “There are two types of rarity — date rarity and condition rarity. It could be a common coin but the condition is so unusually good someone would want to buy it.”

One customer brought in a crisp one-dollar bill that she didn’t understand why it had been kept in her family. Across the face of the bill was the traditional blue seal that meant it was a silver certificate. At one time the bill could be redeemed for a dollar and the value of silver at that time. That changed in 1968 when U.S. Congress changed its policy. Now the piece of paper was worth a dollar and a dime.

Other finds for that customer were a Franklin half dollar now worth $8.00 and an 1908 quarter minted in New Orleans that brought in $18.

“It is not a rare date but the condition is better,” Giedroyc said.

This was the fifth year for the Proctorville branch of WesBanco to have the one-day coin appraisal, which has grown in popularity over the years,” Devinh Gibson, personal banker, said

“This morning there were 50 people line up at the door at 9,” she said.

The Tribune believes it is possible for people with a variety of points of view to discuss issues in a civil manner and will remove comments that, in our opinion, foster incivility. We want to encourage an open exchange of information and ideas. Responsibility for what is posted or contributed to this site is the sole responsibility of each user. By contributing to this website, you agree not to post any defamatory, abusive, harassing, obscene, sexual, threatening or illegal material, or any other material that infringes on the ability of others to enjoy this site, or that infringes on the rights of others. Any user who feels that a contribution to this website is a violation of these terms of use is encouraged to email report-comments@irontontribune.com, or click the "report comment" link that is on all comments. We reserve the right to remove messages that violate these terms of use and we will make every effort to do so — within a reasonable time frame — if we determine that removal is necessary.

Editor's Picks

Apple butter on sale to benefit Shop With a Cop

SOUTH POINT — Law enforcement agencies in Lawrence County have kicked off the annual apple butter fundraiser for the Shop With a Cop program. Every year, ... Read more