Help Wth Massive Collection - Page 2

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Author	Replies: 21 / Views: 3,077	Page: of 2

moxking Rest in Peace United States 17900 Posts	Posted 03/25/2018 7:47 pm Lawrence is a good suggestion in that area. Too good to be bad. Report this Post to the Staff
spru Bedrock of the Community United States 12477 Posts	Posted 03/25/2018 9:18 pm Great suggestions so far. I will reiterate to take your time and create a complete inventory by type/date/mm. With that much to go through, it will be worth it in the long run to be patient and not rush through it. I envy your predicament! In Memory of Crazyb0 12-26-1951 to 7-27-2020 In Memory of Tootallious 3-31-1964 to 4-15-2020 In Memory of T-BOP 10-12-1949 to 1-19-2024 Report this Post to the Staff
paxbrit Pillar of the Community United States 992 Posts	Posted 03/25/2018 9:22 pm DO NOT just start selling it off, in whole or part, you will leave a lot of money on the table, as the saying goes. Break it down into components, as in your initial message, proof sets, currency, confederate bills, silver coins, etc., and start inventory of the component. You can have a good appraisal made of each component. If you have it all appraised at once, you'll get a mishmash of value. You need the inventory for yourself, and to give to the appraiser. NEVER just give an appraiser a box of coins and ask 'how much is this worth'? Do inquire of the appraiser about his insurance, expertise, and what kind of an appraisal you want, i.e., appraisal for sale, appraisal for insurance, etc. Expect to pay for an appraisal of any type, get the fee stated up front and pay it, with nothing taken out of the collection, except perhaps proof sets or mint sets, something similar that's not really marketable. Edited by paxbrit 03/25/2018 9:27 pm Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 03/25/2018 9:37 pm If you are working on an estate collection there is a responsibility to do as well as you can for the beneficiaries. You also have a personal vested interest if you are a beneficiary as well. Time (weeks or months) will be needed to get the best value return. Post some pictures of what you consider to be the most valuable items, and we can give you some unbiased third party opinions, on how to get the best financial return. Low valued items are best grouped, and high valued coins best sold as singles. Different options for different coins: public auction through a coin dealer through a bullion dealer ebay Report this Post to the Staff
Sheldon Overton Baby Valued Member United States 179 Posts	Posted 03/26/2018 09:41 am Obviously more pictures help us all get a good idea in terms of what you have. Report this Post to the Staff
kbbpll Pillar of the Community United States 4233 Posts	Posted 03/26/2018 11:46 am I have zero experience with this, but knowing that appraisers charge by the hour, I would start by counting up the various denominations of silver and gold, and determine an approximate bullion value. Then you have a baseline value to compare against an appraisal estimate. For example, let's say you have a boatload of silver half dollars, 11.25 grams of silver in each, $.53/gram silver price today = $5.96 melt value each. If your appraiser charges $100/hr, they'd have to appraise 17 coins an hour for you to break even. Such an analysis might inform your decision about how much work you want to do yourself (and how much knowledge you want to try to acquire) versus paying somebody. If it were me, I'd whip through and separate out all the "junk silver" rather than pay an appraiser to do it. Just my quick thoughts. Report this Post to the Staff
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