There are several ways in which people acquire rare coins, but one of the most common is through an inheritance. However, there are instances in which people find rare coins – either on the ground or when they are cleaning out an attic or a basement. Also, there are occasions when people come across rare and valuable coins by other random means. But no matter how you acquired your rare coin or coin collection, the first question that probably popped into your head when you learned the coin(s) was valuable was, “How much is my rare coin collection worth?”
Wanting to know the value of a rare coin, or the value of an entire coin collection, is common. Obviously, if you are in the possession of something that is worth a considerable amount of money, you’re going to want to know it’s exact value! After you learn the value of a rare coin or coin collection, you can decide whether you want to hold onto it, or sell to a coin dealer or a coin collector.
In order to determine the true value of a rare coin or coin collection, it’s recommended that you find a reputable coin dealer. The coin dealer you use does not necessarily have to be located in the vicinity where you live. Depending on the value of your coin or coin collection, some coin dealers will travel directly to your home – no matter how far away you live – as long as they think you are serious about selling a rare coin(s).
Numismax is a rare coin company that will travel anywhere in the Continental United States to purchase certain rare coins. The company places a value on coins based on how rare they are, their condition, and the level of demand there is for the coin or coins you want to sell.
If you’re not sure if the coin or coin collection you have is truly valuable, it’s time to find out! You can start the process by contacting a reputable coin dealer that buys rare coins. The coin dealer will ask you for a detailed description of the coin or coins in the collection. The dealer will want you to provide as much information as you can about each coin – including any dates on the coin(s), the type of metal used to make the coin, and obvious concerns about the coin’s condition, how you acquired the coin, any history you were told about the coin, and whether the coin contains any obvious distinguishing characteristics. The coin dealer might ask you to send a digital picture of both sides of the coin so he or she can look at it in detail.
After a brief evaluation, the coin dealer should be able to provide you with an approximate price that he or she is willing to pay you for the coin. At that time, you can either decide to sell your rare coin or coins, or keep them.