Coin collecting is a common hobby that can be lucrative as well. Rare or old coins can fetch a substantial price. But before you can sell them, it’s best to have them appraised to know what they’re worth. Here’s how to prepare for the process.
How to Get Rare & Old Coins Ready for Appraisal
1. Separate Mint Coins From Damaged Ones
Undamaged coins will fetch more money than coins that are dented, have a hole in them, or have been cleaned. Separate the mint from the damaged or cleaned coins to ensure they remain pristine and make it easier for the appraiser to organize your collection.
2. Don’t Clean Them
Cleaning rare or old coins significantly reduces their value. An amateur cleaning is likely to not only remove grime but also defining characteristics of the coin. Leaving scratches is also a risk.
3. Organize Your Coins
Organize your collection, rather than handing the appraiser a box or bag of loose coins. Get a binder with plastic sheets that has individual pockets to hold the coins. The appraiser will then be able to go through the collection much faster.
4. Get Rare Coins Authenticated
If you have some rare or old coins, get them authenticated. Convincing counterfeit coins exist, and having them will raise questions about the rest of your collection.
Send your especially rare coins to a third-party coin grading company. They’ll authenticate and grade your coin. Having proof that the coin is legitimate will help your appraiser make a more informed decision.
If you have some rare or old coins you’d like appraised, head to Hawaiian Islands Stamp & Coin. As professional appraisers since 1973, they’ll accurately evaluate your old coins. You can also find new additions for your collection among their inventory of gold, silver, and Hawaiian coins. Visit their website to check out their offerings, or call (808) 531-6251 to schedule an appraisal.