Price Of Coin For Insurance - Coin Community Forum

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Author	Replies: 4 / Views: 1,592
nelson9225 Valued Member 270 Posts	Posted 04/13/2012 2:51 pm Good day everyone I have one of only 2 ICCS MS66 1982 small bead 50cent pieces. They are not in the Charlton catalogue. my question is this, what do I insure it for? One of the reputable shops here in Canada offered me $700 for it but with nothing to compare it to I'm unsure if thats an accurate price. any thoughts? sincerely N elson Report this Post to the Staff

John1 Moderator United States 56855 Posts	Posted 04/13/2012 2:58 pm to CCF. Hard to say, in MS65 it lists at $320. How do you know there are only 2 known? Is that 2 known at ICCS or in the world? John1 Report this Post to the Staff
nelson9225 Valued Member 270 Posts	Posted 04/13/2012 3:10 pm It's the only 2 from ICCS JOHN1. I don't know for sure if there are any others out there. But if you try to find one on line its not possible. thank you for your opinion your friend in collecting nelson Report this Post to the Staff
huckles888 Valued Member Australia 146 Posts	Posted 04/13/2012 10:07 pm to justify an insurance value you will need some sort of "written" valuation from a reputable source - normally "full" catalogue value as a minimum would suffice - but for items without a "catalogue" value you would need a valuation from a reputable company that is acceptable to your insurance company - am going through an insurance value process myself as I have just started to formally and properly catalogue my collection and am way north of general value limit under normal contents insurance policy with quite aways to go before I finish the cataloging process Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21786 Posts	Posted 04/13/2012 11:00 pm I wouldn't bother with coin insurance. Get a decent fire proof safe instead. That is a 'one off' investment only. I went through the exercise of costing insurance once. Several problems: Because my collection is always growing, the company wanted it re valued on an annual basis. They wanted an independent third party professional numismatist to value it. That was going to cost me with premiums and valuing fees, about 8% of the value of my collection per year. That is what I call an exercise in futility. Report this Post to the Staff
	Replies: 4 / Views: 1,592

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