How much money is 40 pounds of coins equal?

Answer 1

Do you mean pounds as in weight, or pounds as in British Coins?

If you mean pounds as in weight, you have a lot of work to do. You need to know the coins' denominations, dates, and mint marks.

The following coins are only worth face value:

> Most cents and nickels dated 1950 and later.

> Dimes and quarters dated 1965 and later.

> Dollars dated 1971 and later

If you sort out these, take them to a bank that will count them for free. DO NOT use a Coinstar machine or similar because it will keep at least 9 cents of every dollar you put in as a "service fee" - IMO that's almost theft.

Halves dated 1965-69 are worth about $2.50 because they have a small amount of silver in them.

Dimes, quarters, and halves dated 1964 or earlier are worth at least 10X face value because of their silver content. Ditto for dollars dated 1935 and earlier.

HOWEVER .... some older coins may be worth very much more than that because they are sought by collectors, so you need to know what you have.

You'll need to sort these coins by denomination, date, and mint mark, and check a site such as http://numismedia.com/fmv/fmv.shtml that gives retail collectors' prices. You might be able then to sell the more valuable ones through a dealer. Remember of course that a dealer will pay wholesale, about 60-65% of the prices shown in the guides.