2020-03-06 Fri

One of the most common questions we get asked is “How much is my collection worth? Can you help me evaluate my collection?” The answer is yes, we can. By following a few simple steps, you’ll be able to figure out if your collection is actually worth anything other than its face value. Here is a very simple guide:-

1. Examine the collection: The very first step to be followed is to methodically examine the collection carefully. Take a pen and paper and jot down important things like the date, mint, condition, material like metal or paper, condition, possible errors, and one of the most essential factors - a rarity.

2. Consult the right book: There is always that one key book that has all the right information including prices. Research online or ask people about recommendations. Look for the latest editions which tell you prices according to the current market trend.

3. Grading: No matter how much of a connoisseur you are, it is prudent to get your collection graded. It ensures that your collection is not only genuine but that anyone who wants to buy from it is getting a real value for money. Professional Coin Grading Service (PCGS), Numismatic Guaranty Corporation (NGC), Independent Coin Graders (ICG), etc are some of the most reputable professional agencies as of now.

4. Get expert help: There is a chance that sometimes the book and grading services give conflicting price guides. In such a situation, it is wise to get help from a local expert. Choosing a highly respected expert from the local community is fundamental. This will not only give you the most accurate prices, but you shall also avoid scammers on the way. Seek advice from friends who specialists in your collection field.