3 Things To Do Before You Get Your Coins Appraised

If you are interested in getting your coin collection appraised for the first time, here are a few things you are going to want to do before you meet with the appraiser to go over your coins.

#1 Create A Details List of Your Coins

The first thing you are going to want to do is create a detailed list of all of the coins that you have. This list should include the year of the coin, the type of the coin, and the country of origin of the coin. It should also include information about any identify or unique characteristics of each coin. This will help you keep track of your coins and ensure that each coin is appraised and ensure that you don't lose any of your coins.

#2 Research The Value Of Your Coins

You may not have the expertise that an appraiser does, but you can still do some basic research on the value of your coins. Using the information you gathered for your coin inventory list, research online to see what you can find out about the value of your coins. Make note of the approximately value or value range for your coins that you find online.

Use this information to ask questions about the value of the coins that the appraiser assigns them. If your coins are appraised before the general value you found online, find out why. It could have to do with the overall quality of your coin; however, you will not know if you don't ask. Similarly, if the coin is appraised for more than you expect, find out why. It may have a special feature or something.

Knowing this information in the future will help you determine if you want to sell the coin and will make you a more informed investor.

#3 Sort Your Coins

Finally, if you feel comfortable doing so, try to sort your coins into two categories; high-quality coins and lower-quality coins. Lower-quality coins include any that are damaged, such as a coin that is bent or has been cleaned with an abrasive cleaner.

If you are getting all of your coins appraised, sorting the coins will help the appraiser prioritize the coins and will help the appraised focus their work. You may also want to see if the appraiser can give a lot value to your less-desirable coins; you may be able to get more for your less-desirable coins together than on their own.

Doing a little work ahead of time will help ensure that your coin appraiser goes as smoothly as possible and will help you ask informed questions about the appraisal process that will increase your knowledge about your coin collection