As silver and gold increase in value, you might wonder what your coin collection is worth. While there's plenty of information online and in collector's guide books, a certified appraiser can give you a fair valuation based on current market prices and the condition of your collection. Here, the team at Ashmore Rare Coins and Metals in Greensboro, NC, explain what you can expect from the appraisal process. 

Establishing the Value of Your Coin Collection

What Information Does an Appraisal Provide?

During the appraisal, you’ll be told what types of coins you have and how much they’re worth. Most importantly, you’ll come away from the experience trusting your appraiser. They stay informed on the market value to ensure the rate you receive is current and impartial.

Coin values are determined by several factors, including mintage, survival rate, demand, and metal type. The value of the metal fluctuates depending on the status of the economy.

What’s the Size of Your Coin Collection?

The size of the collection can affect how your coins are appraised. If you can carry the coins or fit them in your trunk, the appraisal should take an hour, and at no charge. You’ll know what the coins are in your collection and how their simple value was determined.

If your collection is too large to be transported, it may take a few hours to be appraised. If you don’t want a detailed itemization of the collection, the appraisal will cost between $40 and $60 an hour. For detailed itemizations of large collections, a rate of $100 to $150 per hour is standard.

If you decide to sell your coin collection, the appraiser will likely waive the appraisal fee.

As a full-service certified coin dealer, Ashmore Rare Coins and Metals has over 30 years of experience in appraising, buying, and selling coin collections. Known for their fair prices and knowledgeable staff, you’ll always receive a current rate that’s in-line with market standards. If you’re in the triad area of North Carolina, reach out to them at (336) 617-7537. For more information on their buying and selling options, visit their website.