Do NOT clean your coins.
If you want to explore selling your collection, visit our coin shop or call us at 704-542-7554 to set up an appointment. If the coins are in albums, leave them in the albums. Next, remove the coins from any unusual packaging (tape, bags, cardboard). Sorting the coins by denomination (pennies, nickels, dimes, foreign, etc.) will help the evaluation process go smoother and quicker. Finally, remove any obviously damaged coins and “pocket change.”
Many things go into valuing coins. The most common are “spot” prices for precious metals, the condition of the coin (scratches, bending, and cleaning detract from the value), the number of coins minted at that particular mint in that specific year, and the quality of the strike. Just because a coin is old doesn’t mean it’s valuable.
While many businesses will buy your coins, bringing your coins to a coin shop ensures a numismatic with experience evaluating coins will value your coins properly. Remember, at Independence Coin, our only business is coins!
Determining if you have a counterfeit or altered coin is a delicate process that requires an experienced numismatist. Unfortunately, counterfeiting has been a problem since the beginning of coinage. Unfortunately, this has resulted in losing a lot of money.
The most common reason is for estate valuation purposes (for probate or estate tax as directed by your attorney). Another reason to establish a valuation is to determine adequate insurance coverage (insurance coverage for numismatics usually requires a rider for your homeowner’s coverage).
Yes. Please consult your tax advisor.
A gift certificate could be the perfect present for that special someone that’s a collector or interested in learning the hobby.
Stop by our coin shop to see what we have available and learn how to get started.
- A Coin Collector
- An Executor or Administrator of an Estate
- A Bank Trust Department Employee
- An Attorney or CPA Representing an Estate
- A Dealer of Numismatics