I have a bunch of silver coins, I don’t think any of them are worth a whole lot because they are circulated not "mint" and I really don’t know much about coins… so how do I find an honest appraiser and how much do they generally charge? I wouldn’t want to get them appraised for more than they’re worth of course.
Actually most coin dealers are honest but need to make a profit. The bigger the dealer the less you get for he has more overhead. Most dealers when they are not busy will go through your coins for you and tell you what they would pay. There is no rule that you can not go to a second dealer and get his opinion too. See if you can find a Coins or Coinage magazine, inside they have a retail price guide. The prices are usually higher than dealers sell the coins for and of course you would get less from a dealer. the idea here is at least you will get an idea if your coins are scarce or not. If it sells for a dollar then you know it is not worth much but if the price is $50 in say grade fine then you know the coin has value. Also see if a coin club is in your area they can help in pricing and grading the coins.
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take them to a coin collector.
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they wanna make me go to rehab but i say no no no!
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http://www.amywinehouse.com for all of your coin needs.
It’s pretty easy to get something of an appraisal from a dealer. The trouble there is they often they want to buy your collection; so, what do you think they are going to tell you? It goes something like this …
Yeah, there not worth a lot. You have a lot of common stuff in here. If you’re LUCKY then maybe it’s worth $150. Tell you what, I’m feeling generous; so, I’ll give you $175 for the entire collection right now.
So, while it cost more money, you are better off paying for a genuine appraisal, which you can probably get through an antique dealer.
References :
Actually most coin dealers are honest but need to make a profit. The bigger the dealer the less you get for he has more overhead. Most dealers when they are not busy will go through your coins for you and tell you what they would pay. There is no rule that you can not go to a second dealer and get his opinion too. See if you can find a Coins or Coinage magazine, inside they have a retail price guide. The prices are usually higher than dealers sell the coins for and of course you would get less from a dealer. the idea here is at least you will get an idea if your coins are scarce or not. If it sells for a dollar then you know it is not worth much but if the price is $50 in say grade fine then you know the coin has value. Also see if a coin club is in your area they can help in pricing and grading the coins.
References :
47 years a numismatist