If you want to know how much your coin collection is worth, it is essential to get a professional appraisal. Coin appraisals tell you the current value of each coin and can help you get the best possible price when you’re ready to sell. The following guide explains the benefits of appraisals and how you can prepare for one.

Why Might You Get a Coin Appraisal?

There are a few reasons why someone might want their coins appraised. This process can prove a rare coin’s authenticity and provide information about its condition, which will help remove any doubt for both buyers and sellers. Coin appraisals offer the accurate market value for your collection, so they can help you get a fair price and possibly make a higher profit if you plan to sell. If you enjoy trading with other coin collectors, knowing the value of your collection gives you more bartering power.

Even if you don’t wish to trade or sell coins, you should know your collection’s worth for insurance purposes. Insuring your coins protects you in the event of a break-in. With an expert appraisal, the insurance company will cover the cost of what was stolen.

How Can You Prepare for an Appraisal?

Before you bring your collection in for a coin appraisal, take some time to prepare. Make sure your coins are stored properly. Albums, folders, and individual holders will protect the value of your coins by preventing damage. Avoid touching them with your bare hands, since fingerprints can affect their appearance and value. Cotton gloves, powder-free latex gloves, and clean cotton cloths are safe for handling. Never clean coins — cleaning products, even those marketed specifically for coins, can cause damage.

It is a good idea to organize your collection to make the appraisal process go more smoothly. Some collectors organize by mint year, type of coin, currency, or face value. You might also want to separate by condition. Setting the nicer, high-quality coins apart from those that are scratched, bent, or otherwise damaged could save you some time.
 

For professional coin appraisals in Cincinnati, OH, come to Coins Plus. As the area’s premier rare coin dealer since 1972, they have a reputation for honesty, industry expertise, and fair pricing. In addition to accurate appraisals, these partners make fair offers for coin buying and selling. Learn more about their awards, qualifications, and appraisal services online. Contact them at (513) 621-1996 to make an appointment.