If you’re ever in the position where you inherit a collection of old coins, your first thought will probably be, “What’s it worth?” Once you find out, you may be surprised to discover yourself thinking about alternatives to selling. Whether it’s worth a small sum or a fortune, you have choices about how you handle your inherited collection.
1. Sell it.
This will be the course of action for those who are, for whatever reason, in need of cash, or those who simply have no interest in numismatics collections. Hopefully, you will take the time to find a trusted, respected coin dealer who will give you a fair price for your coins. Obtaining several offers is a must if you hope to obtain the best price when you sell your collection.
If you do find a reputable, reliable coin dealer and you ask what your collection may be worth in the future, you may decide to hold onto the collection of coins and wait to sell until you absolutely have to for whatever reason in the future. Another option may be to plan to pass the collection on to future generations if it’s a family member’s coins you’ve inherited.
3. Expand on it.
Whether or not you’ve ever had an interest in numismatics, consider the possibility of keeping the collection and expanding on it. Once again, a trusted expert in numismatic coins could offer valuable guidance about how you might go about adding to your new collection to increase its value.
4. Trade it.
Trading some or an entire collection for other coins you’d prefer to own is another possibility if you’ve inherited old coins. This is most likely to be appealing to you if you already collect rare coins. Valuable coins in your collection could present an excellent opportunity to barter for coins you might not normally be able to afford, but would like to add to your own collection.
Regardless of what you plan to do with the collection you’ve inherited, take care to handle it carefully. Take whatever steps may be necessary to preserve and protect your coins. If rare old coins aren’t encapsulated, consider sending them to one of the highly respected numismatics grading services, NGC or PCGS.
Having coins graded and encapsulated is an investment that can add to the value of your collection whether you intend to sell it, keep it or expand on it. Once again, a trusted expert can provide you with advice about how best to preserve, protect and present your collection.