Coin event provides valuable opportunity
ST. MARYS – Parent company THR & Associates is bringing the International Coin Collectors Association to St. Marys in order to purchase coins, paper currency, gold and silver from area residents for their global network of collectors, dealers and refineries. The free event is open to the public and will be held at the Comfort Inn, 195 Comfort Lane, St. Marys, from 9 a.m. to 6 p.m. Monday, April 2 through Friday, April 6. Matthew Enright, vice president of media relations for THR & Associates, said the event allows area residents a unique opportunity to receive value for their old coin collections, vintage bank notes and scrap gold, silver and diamonds, class rings they no longer want, mismatched earrings and broken necklaces. "Coins, everybody has them," Enright said. "We (U.S.) started minting coins back in the 17th century, so there's tons of coins out there."Enright explained that ICAA specialists will meet one-on-one with guests who come to the event and research, review and evaluate the items they bring. If it fits their criteria, they will make an offer to purchase it for one of their collectors. He said this applies to gold and silver coins minted prior to 1970 and paper currency produced before 1934. When it comes to coins, offers are made depending on the rarity, condition and metal content. "Generally, the rarer the coin, the more valuable it is," Enright said. He said the continued upswing in the value of gold and silver can also add to the value of the currency. Most people don't realize it, but most of the coins made before 1964 were made with 90 percent silver," Enright said. "It's driving the value of the coin up and making it much more valuable than just the face value alone." Pick up a copy of the Friday, March 30, 2012 edition of The Ridgway Record for more.