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 Replies: 24 / Views: 3,547 |
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Rest in Peace
  United States
1380 Posts |
Moe, I'm interested in finding out more on the insurance issue myself. Called my company. they said to get it appraised. Local coin shop says they won't do that, takes too much time and I should just give insurance guy a list of what I have and a copy of Coin Values.
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Pillar of the Community
United States
8904 Posts |
My insurance guy said the same thing, "get 'em appraised and then we'll insure 'em". I don't want them all individually appraised (I certainly can't afford that). I just want the collection appraised in general for overall insurance purposes.
No one seems to do that.
Does anyone know how to do this? Or know of anyone/company that does that?
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Pillar of the Community
United States
2661 Posts |
Well guys I just took pics of everything and and gave to insurance company those with an "estimated" value and my agent wrote a rider policy up on whole thing. I did take my Dansco dollar album in so that he could look at it. In it was a half way complete date set of Morgans, and a complete date set of Peace and Ike's, 45 coins total. When saw them he thought they were worth a mint, no pun intended. Only a few of these are worth a good premium. I also took in a Red Book and showed him some examples of coin prices then we went across the street to the bank where my safe deposit box is and viewed the good stuff. Took less than an hour. that was three years ago. Although I have added to my collection since I have felt no need to raise the amount insurance I have yet. |
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Valued Member
United States
80 Posts |
I'm in the $10,000 area, maybe a little more. I just started last year though, this year I will do better, the gold helps a bunch to bring up the value.
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Bedrock of the Community
United States
20753 Posts |
Quote:
My insurance guy said the same thing, "get 'em appraised and then we'll insure 'em". I don't want them all individually appraised (I certainly can't afford that). I just want the collection appraised in general for overall insurance purposes.
No one seems to do that.
Does anyone know how to do this? Or know of anyone/company that does that?
All depends on the insurance agents and/or the company itself. Some will take the photos as proof of what you have, some will take your private listings, many will require a statistacle statement from a reputable apraser. Just a word of warning. If you take your collection to someone for an apprasal, now there is one more individual or company that has your personal property in their computers. Then the insurance company, their agents and many others how also have that information. All such information today is entered into a computer and is usually available to almost anyone in the company. And not all such employees are permanent either. The more you tell any company of your personal life and property, the more people have access to that information. There have been numerous home invasions where coins were the target and no one can really explain how the robbers knew what exactly was there. Think about this. Identity thefts, bogus credit card scams, bank statements suddenly gone empty and all due to computers. The best insurance for your coins is to keep your mouth shut. |
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Valued Member
United States
272 Posts |
Most of mine is roll finds so very modest atm.
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Pillar of the Community
United States
1083 Posts |
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Moderator
 Australia
16868 Posts |
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I apologise if this has been done before... Not for a long time, and not as a direct poll, that I could find. Go for it.  As for me, I voted on about what I thought my collection was valued at... and then went to my coin database to find out the grand total of what I've actually paid for my coins. My records only go back to the mid-1990's, but prior to that (as a YN, teenager, uni student and then a young unemployed) I wouldn't have spent too much anyway. The number my database spat back out at me was way, way more than my estimate.    Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Valued Member
United States
369 Posts |
According to my spreadsheet, which I only started less than a year ago, I've spent about $516 and the RedBook value of these coins is about $624. This doesn't include everything I had before I started the spreadsheet, plus all the circulation stuff, etc etc. That's only coins I have actually purchased from the shop or a show. Actual total spent would probably be $700-$800 just guessing. |
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Valued Member
United States
111 Posts |
Priceless to me, but probably worth around $4K if I sold everything.
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Rest in Peace
United States
1501 Posts |
I voted for over 50,000 dollars  ... unless you discount the 180,000,000,000.00 + in Zimbabwe dollars or the 4,000,000.00+ in Turkish Lira, Then it is probably in the $5,000.00 range  |
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Moderator
United States
189767 Posts |
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To me it is priceless!  |
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Valued Member
United States
118 Posts |
mines around $50 haha still a noobie
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Pillar of the Community
United States
2335 Posts |
Quote:
And as many might think, being 17 years old it would seem this is my parent's money buying the collection, but every single penny has been earned by me coins92 With a value of $25-35K you have a heck of a collection. Inquiring minds want to know.....Do you have a good job, or did you amass the collection by buying/selling coins. Either way it's pretty impressive. Edited by trdhrdr007
01/19/2010 7:34 pm
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Valued Member
United States
168 Posts |
Circulation collector... so... face value? Nah, some of it is worth more.  |
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Replies: 24 / Views: 3,547 |
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First Page
Posted 01/15/2010 10:11 pm
