How Much Should The Appraisal Of A Coin Collection Cost?

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Author	Replies: 3 / Views: 24,785
Joe2007 Pillar of the Community United States 3843 Posts	Posted 01/19/2015 10:38 pm Looking to expand upon the discussion of the following thread in the Numismatic Crime section. https://goccf.com/t/194754 Of course the appraisal fee will greatly depend on the size and value of the collection but I've always heard that a professional numismatist will charge approximately a $100 per hour for an detailed appraisal on company letterhead. I don't see how the appraiser in the above thread could possibly defend his charge of $26,000 for the appraisal of a $9,000 collection/accumulation. The coin dealers that I've seen do appraisals usually are able to go through a collection rather quickly, separating the common stuff from the items with more potential very efficiently. Edited by Joe2007 01/19/2015 10:38 pm Report this Post to the Staff

just carl Bedrock of the Community United States 20753 Posts	Posted 01/19/2015 10:47 pm So many things can make such an appraisal really only a guess. By that I mean some dealers will make the estimate low so they could buy it and some would make it higher for insurances. Some could just make it a guess and still charge for doing it. How much should it cost? That too could depend on if you know the appraiser. If a friend, might be really cheap. If a complete stranger, might be really high. IF all the coins are sort of in Albums and/or organized well, such an appraisal could take only minutes. IF all the coins are just in piles, boxes, cans, etc., such a situation could take many hours and again, depending on the size of t he collection. One dealer I know tells me he does coin collection appraisals free if the owner says they may sell to him. Or at least some of the coins. Report this Post to the Staff
0xDA71D Pillar of the Community United States 1215 Posts	Posted 01/19/2015 10:55 pm Free! On CCF! Report this Post to the Staff
paul27613 Valued Member United States 152 Posts	Posted 01/20/2015 1:13 pm There are different sorts of appraisals. If this relates to an estate, or is driven by a bank, the appraisers often charge high. Conversely, one coin dealer I have known for years will charge around 25-40$ per hour, provide a detailed break down, and annotate with retail / wholesale / buy it now prices. That doesn't mean he would take advantage of a widow who wanted a bag full of common wheat cents and charge per coin. Some items get batched up and priced as such. Like everything else you always want to find an appraiser who will work within the constraints of time / money / effort. Paul Report this Post to the Staff
	Replies: 3 / Views: 24,785

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