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 Replies: 9 / Views: 1,908 |
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New Member
Canada
6 Posts |
Any recommendations for coin appraiser on Vancouver Island or lower mainland British Columbia?
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Pillar of the Community
Canada
899 Posts |
I don't know of any, however it is always best to know for yourself or have a very good idea of grade and value. Attached are a couple of links: First one is to Canadian Coins News which is a good magazine that comes every two weeks (has a trend section) for updated values. You can subscribe online.. http://www.canadiancoinnews.ca/Second is to the The Canadian Coinoisseur a gradiing site on Canadian coins.. http://www.coinoisseur.com/GradingCoins.htmlGood luck......and ...  ...to the forum Edited by D
01/07/2012 6:00 pm
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Pillar of the Community
United States
2661 Posts |
Be leery of anyone claiming to "appraise" coins. It has been my experience that they assume you want to sell and low-ball the appraisal and then offer to buy at an even lower price claiming that they are only going to make a few dollars when they resell.
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Valued Member
United States
123 Posts |
Quote:
Be leery of anyone claiming to "appraise" coins. It has been my experience that they assume you want to sell and low-ball the appraisal and then offer to buy at an even lower price claiming that they are only going to make a few dollars when they resell. Yes -- never sell an item to the person who is doing the appraising. Pay the appraisal (hourly or set fee) and sell to someone else. |
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Pillar of the Community
United States
4897 Posts |
There is a distinct difference between someone, "giving an idea what your coins are worth" and a formal appraisel.
The "idea" on value is a free estimate of what the coins could sell for and often is accompanied by an offer to buy. An appraisel usually would include a written estimate and should probably cost around $300. This document can then be used to delcare "value" for things such as an insurance rider.
Edited by amida17
01/08/2012 11:18 am
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New Member
 Canada
6 Posts |
Thank you for your advice.
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Pillar of the Community
Canada
1442 Posts |
Whatever appraisal you get, subtract 50%.
The appraiser will be using Canadian Coin News Trends, which 100% overpriced in 99% of cases.
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Pillar of the Community
Canada
1733 Posts |
Quote:
The appraiser will be using Canadian Coin News Trends, which 100% overpriced in 99% of cases. I find that difficult to swallow given that it's an amalgam of retail prices paid by people who often shop for coins in person. Having said that, like the ICCS pop report you favour it's one of the few sources of information that's published. If you don't believe one published source why believe the other? I take them all with a grain of salt, they are a a good starting point but there's always more to the story. If I were insuring my collection it would be for FULL trends value, generally the point of an appraisal, a rush liquidation always results in less, I can accept that it might be 50% less because that's often the wholesale starting point. |
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Valued Member
Canada
311 Posts |
I also value my collection for what it would cost me to replace or buy to replace what may become stolen. That way, I can at least return to the book value of my collection, and not have to settle for lesser grades.
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Pillar of the Community
Canada
3692 Posts |
The whole idea behind appraisals is that they should be disinterested 3rd parties who do not buy or sell yet still connected to the industry via their knowledge in appraisals. Get a retail appraisal for replacement purposes.
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Replies: 9 / Views: 1,908 |
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Posted 01/07/2012 3:40 pm
