Will my coin collection be worth anything?

Will my coin collection be worth anything?

There are many factors that go into determining the value of a coin, but the bottom line is that a coin is only worth what someone will pay you for it. Therefore, the prices that you see in this book will be 30% to 50% greater than what a coin dealer will pay you when you sell your collection.

How much does it cost to appraise coin collection?

There are different sorts of appraisals. If this relates to an estate, or is driven by a bank, the appraisers often charge high. Conversely, one coin dealer I have known for years will charge around 25-40$ per hour, provide a detailed break down, and annotate with retail / wholesale / buy it now prices.

Which coins is worth money?

8 Valuable Coins in Circulation Today

• 1943 Lincoln Head Copper Penny.
• 1955 Doubled Die Penny.
• 1969-S Lincoln Cent with Doubled Die Obverse.
• 1982 No Mint Mark Roosevelt Dime.
• 1999-P Connecticut Broadstruck Quarter.
• 2004 Wisconsin State Quarter With Extra Leaf.
• 2005-P “In God We Rust” Kansas State Quarter.

How to evaluate the coins that I’ve inherited?

To start the process of evaluating the coin collection that you inherited, you need to get your arms around the size of the collection. Also, see if there is an inventory/catalog or checklist that the coin collector kept of his coin collection. This may provide valuable information when trying to get the collection appraised.

What should I do with my rare coin collection?

1. Don’t settle on the very first rare coin dealer you meet. It may turn out that you ultimately decide to sell your individual coin or entire coin collection to the first coin buyer you find.

What do you need to know about coin collecting?

Pay close attention to the metal composition (copper, gold, silver, clad, etc.) this will help you organize the collection so you can pay particular attention to the higher value coins. There are several myths in coin collecting that you should know.

How to get an honest appraisal of your coin collection?

Instead, you should create a list of each and every rare and unique coin in your collection. Your list absolutely must be detailed and complete. Make sure to look closely at each and every coin, and then make a list that includes very specific details of each one.

What do I do with the coin collection I inherited?

• Make sure there is an accurate and detailed inventory of the coins in the estate collection.
• Do your own research on the coins.
• Avoid cleaning the coins.
• enlist the help of more than one family member to account for the coins in the collection.

  What should I do with my Coin Collection?

  If the collection has under 100 pieces, you can do this on a piece of paper with a couple of columns. For more substantial collections, you may want to use a spreadsheet on a computer to help you organize the information. The second part of valuing your coin collection is to determine the grade of the coin.

  What is the best way to sell a coin collection?

  The easiest way to sell coins to collectors is through an auction. Live auctions, as well as Internet auctions such as eBay, attract several prospective buyers, and the competitive bidding process drives up the selling price for a coin. Collectors also pay more than face value for coins deemed in high demand.

  What do you need to know about coin collection?

  • you’ll want to ease into the hobby and learn the ropes before you
  • Collect What You Like.
  • Store Them Properly.
  • It’s Not a Race.
  • Buy the Book.
  • Magazines and Websites.
  • Join a Coin Club.
  • Visit a Coin Show or Coin Shop.