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Posted 02/24/2011 05:30 am
Quote:
For insurance reasons what does the toning/tarnishing do to the value of the coins? Almost all of them would grade as VG with a few being F. How would the value compare to a coin of the same grade without the lines? Thanks for the help.
For insurance reasons what does the toning/tarnishing do to the value of the coins? Almost all of them would grade as VG with a few being F. How would the value compare to a coin of the same grade without the lines? Thanks for the help.
For insurance reasons Stop right there. The first thing that shocks most people after a burglary or other loss is that most insurance doesn't cover more than $100 in cash and equivalents, unless you pay for separate coverage (a rider), and list the items.
Problem two is, despite good intentions, evaluation advice you get from ccf is worthless for several reasons. First, none of us have seen the coins to determine the degree of damage, or for that matter, the grade. In fact, we have nothing but your word that the coins exist! Pictures prove the coins exist, but not that you have them.
If you want insurance coverage (good luck with that), the first step is to ask the agent what proof they want, and you'll probably need to pay a dealer to provide a written appraisal, signed, dated, including contact info, and maybe including the silver spot, as to what it will cost to replace them. OK, maybe that will be full value instead of the current value with stripes, but if you actually wanted stripes, they'd prolly cost a premium.
I'd hate to tell you how many times I've had someone who suffered a loss, asking me to provide an estimate they can give the insurance company. Folks, it just ain't happening. For all I know, that stack of Confederate money that burned up was fake, if it ever existed in the first place.
