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Coin collectors

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Old 08-15-2012, 12:35 PM
paqdkq paqdkq is offline
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Default Coin collectors

I've inherited my father's coin collection. What is the best way to determine it's value?
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Old 08-15-2012, 12:51 PM
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It used to be Coin Dealer Newsletter, also referred to as 'the gray sheet' cause of the color paper it was printed on. I don't know if that's what dealers still use or not.
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Old 08-15-2012, 02:19 PM
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Go to 2 or 3 reputable coin dealers in different areas and have them do an overall group (non detailed listing) valuation; one for insurable value and one that they would buy for. It will probably cost you $75 depending on quantity. Dealers will usually refund the fee if you sell to them. Have them identify and separate the top 20% valuable coins and any "super valuable" coins, if any for your future reference, and a specific listing for a special insurance rider, if you decide to insure.

In any event, watch the counting process closely so that nothing "falls off the table" in the counting process.

Good luck, maybe you hit the jackpot.
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Old 08-15-2012, 04:51 PM
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Default Use the gray sheet

Make sure the coin dealer uses the "gray sheet". It is the most reliable source for fair market value for your coins. Ask them to show you the sheet with the prices on it. Be sure to get at least 2 evaluations. Do not let anyone take your coins "in the back room" for any reason. Make sure they keep your coins in plain site at all times. best of luck with your collection.
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