I inherited a coin collection with all sorts of stuff, about three big Tupperware containers of loose, unsorted coins. Where do I go to get something like this appraised? I’m worried that if I bring in the whole lot to a regular appraisal shop, they might find something valuable in there and steal it (who knows, right?). I know that there are some things of significant value in there.
Tags: antique, antique coins, coin collection, coins
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#1 by Auctionwally on :
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I’m an auctioneer and appraiser with 25 years of experience.
First know the difference between an appraisal and an offer to buy, there is a huge difference. Someone who is making an offer should never be hired to do an appraisal.
Here are some rules of thumb, but they are on general rules. I have some good sites in the resource box that will provide more detailed info:
Pick out US coins first, they are usually the best sellers.
Find the silver coins, dollars are best, halves next, quarters, dimes and nickels.
Sort by better condition.
Learn the common nicknames and keywords which your coins are referred to as IE Peace Dollar, Morgan Dollar etc.
Once you’ve determined what are your best coins, now you can focus on getting some knowledge on some of these.
#2 by Taiping on :
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Well you need to do some leg work yourself. If U.S. coins go get a price guide or price guide magazine like Coin Values. The magazines come out once a month. If world coins then you have more of a problem and will need to find copy’s od the Krause/Mishler standard catalog’s of world coins. A library may have them or is there is a coin club near you they might. Coins need to be taken to the right dealers so you will get the most for your coins. U.S. coin dealers know little about world coins or ancients, so they are not the place to go with those type coins. I can only help with a few coins at a time for it is time consuming especially world coins. Hope this helps
#3 by Dale on :
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I work part time in an antique shop. There are several places where you can get your coins appraised. First you have to decided if they are foreign or US coins. I might be able to tell you an approximate value but I would have to see a picture of them. Also coin dealer would be able to tell you, however if you feel they are of high value I would be careful with coin dealers.