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Appraisals
Frequently Asked Questions and answers
Getting Started
Following are top questions for coin appraisals to help you focus on what makes a coin valuable (rarity, condition, date/mintmark), how to find a qualified appraiser, understanding costs and fees, what to expect during the process, and how to prepare coins, with key concerns including whether to clean them (no!), the appraisal timeline, and verifying the appraiser’s expertise and credentials.
1. What makes a coin valuable?
Value depends on rarity (mintage), condition (grade), and historical factors like date and mintmark, not just age or metal content.
2. How do I find a trustworthy appraiser?
Look for accredited professionals (like those affiliated with the PNG or ANA), with years of experience, strong reputation, and expertise in your coin types.
3. Should I clean my coins before appraisal?
No! Cleaning almost always decreases a coin’s numismatic value; professionals prefer to see them as found.
4. What are the appraisal costs and fees?
Ask about fees for appraisals, potential commissions if selling, and if insurance is covered during the evaluation.
5. How long does an appraisal take?
It varies, but be prepared for it to take time, especially for large or complex collections, and ask for an estimated timeframe upfront.
6. Can you appraise my collection from photos?
Generally, no; detailed, in-person inspection is needed for accurate grading, though some basic value tools use photos.
7. What's the difference between metal value and numismatic value?
Metal value is based on gold/silver content, while numismatic (collector) value is based on rarity and condition; both matter.
8. How should I prepare my collection?
Keep coins in original holders, separate US/foreign, and group by type; don’t reorganize or clean.
9. What happens if I don't like the valuation?
Ask the appraiser about their process for disagreements and what recourse you have, or if they offer consignment/auction services.
The Appraisal Process
What is the process for appraisal of my Coin Collection?
Preparation
Keep coins in original holders if possible; separate by type (U.S., foreign, etc.) and do not clean them.
Research
Look for professionals with credentials; Find someone experienced with your specific types of coins.
Inspection
We will inspect for date, mint mark, metal content, color, strike, and surface preservation.
Grading
PCGS, NGC – to assign a numerical grade, assessing factors like luster and eye appeal.
Reporting
You will receive a document detailing each coin’s grade, estimated value, and condition.
Keep/Sell
Use the appraisal for insurance, estate planning, or to make informed selling decisions.