How do I get a coin collection appraised?

Question

I inherited a small old coin collection, and have no idea where to start to valuate them. Do I need to do a complete inventory with descriptions then take them to a coin dealer? Does he even need to see them, or are appraisels based on the age and denomination with the description of letters next to the year, etc.

Any help from experienced coin collectors is welcome, thank you!

Answer 1

You need to take them to a coin dealer, for they need to be graded in order to come up with a price. He will know where the mint marks are and take it from there. Most dealers with stores are okay. It also never hurts to go to two dealers and take the best offer. Keep away from antique dealers, I have found in the past they know nothing of coins but think they do. Also take U.S. coins to that type of dealer. For ancient coins or world coins, you need that type dealer. Regular U.S. coin dealers know very little about the other coins and won't give you a fair price, for they don't know what one is, same as antique dealers. Hope this helps.

Answer 2

Your first stop should be eBay. Se what those types of coins are and aren't selling for. If you find you have some that might truly be worth something, get them professionally appraised by a real appraiser. Find one in your local phone book under numismatic supplies or shops.

Answer 3

Here's a couple of sites that may help you

http://www.coin-collecting-information.com/

http://www.stamp-coin-appraisals.com/