Whether you built it over time or inherited it from a loved one, your coin collection is a valuable investment. However, if you are planning to sell it, you will need to find out exactly how much it is worth. If you have never arranged for a coin appraisal, review the following answers to these frequently asked questions.

4 FAQ About Coin Appraisal

What is a numismatist?

“Numismatist” refers to an individual who considers physical currency as a hobby or a passion. They might collect coins, study paper money, or enjoy learning about bullion, medals, and awards. If they have a collection of these items, they might buy, sell, or trade them.

What is bullion value?

If you are wondering how much a given coin is worth, one form of measurement is bullion value, or “melt value.” This does not pertain to the history of the coin, its sentimental value, or the amount of money it represents. Instead, it is based on the amount of precious metal the actual object is made of. Therefore, a coin made with gold would have a higher bullion value than one made of copper or silver.

How does an appraisal help me to sell my coins?

When you get your coins appraised, the professional will authenticate your coin and tell you what it can be sold for, as well as how much it should be insured for. Unlike an appraisal that a dealer might offer on the spot, the appraiser is not interested in buying your coins, so the values they come up with are not influenced by their interests. Once you have the official appraisal value for the coin, you can give buyers peace of mind that they are making a sound and valuable investment.

What are the qualities of a reputable coin appraiser?

When looking for an appraiser, make sure they are a member of the American Numismatic Association. If possible, try to find a coin appraiser who makes contributions to the Red Book® and Blue Book®, which are industry-celebrated pricing guides. They should also have more than 10 years of experience in the business and have a solid reputation throughout the local numismatic community.

If you need a coin appraisal, turn to Coins Plus in Cincinnati, OH, for an honest assessment. This company has been appraising fine coins and other valuables since 1972, and they are the city’s only "National Award Winning and PNG Dealer.” As frequent Red Book and Blue Book contributors, you can trust their expertise on pricing. To learn more about their services, visit their website, or call (513) 621-1996 to speak with a professional.