To Sell or not to Sell...

Either way, you must know the value of what you have....

By David Gonzales - October 16, 2017

For some people selling their coins is an easy decision.  The motivation varies from no interest in the coins, decluttering the house, or possibly a financial need of some sort.  Or perhaps a combination of the 3.  Others, that have collected or inherited a collection that don't necessarily want to sell, but it is still important to keep abreast of what the coin market is doing relative to the type of collection that you have.  Why would someone want to know the value of their collection if they don't want to liquidate their collection?  There are several reasons:

*  One may possible need recourses in the case of an emergency in the future.  Knowing a range of value can help evaluate various options.  

*  Values of coins should dictate how the coins are stored.  Having a few hundred wheat pennies, buffalo nickels, or 90% junk silver in circulated condition is different than having a valuable high grade rare coin.  You can really hurt the value of a coin by how it is stored, if its rare.  I saw a collection recently where the coins were stored in little mantilla type envelopes.  There were some nicer coins in the collection, but the coins had been damaged by the dye in the envelopes.  There was a yellowish tint on the coins that caused significant damage.  In the coin world we call it "environmental damage".  High grade coins should also not be in coin books.  My choice would be a non-PVC flip, or a "airtight"  An airtight is a hard plastic casing that the coin in placed in and then snapped shut.  Important note:  Don't attempt to clean a dirty coin.  A person has to be extremely careful when addressing a coin that is dirty.  Dirt doesn't always mean damage.

*  How will your heirs know what you have, if you don't tell them?  I'm sure many a valuable coin has ended up in a pawn shop and sold for a fraction of the value.  Identifying valuable coins could be a valuable gift in it of itself.  Providing a detailed list and approximate values are an absolute must when passing a collection. If you wanted to take things a bit further, you could actually provide your heirs with trusted contact, in case they would like to sell the collection.  It's a way for you to be involved in how things are done after you are gone.  Also selling those coins in Denver is one thing, but what if your heir lives in a different state or country.  The more information you can provide, the better.  You shouldn't leave things to chance.

Value can impact many things as it pertains to your collection.  It can also simply satisfy some curiosity.  Maybe you have had your coins for a long time and you just wan to gather more information.  The more information you have, the better.



 
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Those proof and Mint sets have value


By David Gonzales - September 19, 2017

I appraised a collection recently that had a fair amount of proof and mint sets, boxes of them in fact.  Proof and mint sets are a very popular way to invest in high quality coins that have never been circulated.  The U.S.. Mint does a spectacular job of displaying and packaging the coins. 

There are collectors that want a fairly inexpensive way of collecting type coins by the year, and proof and mint sets are a good way to accomplish that goal.  However, selling mint and proof sets can be a little tough sometimes. 

Finding a dealer that want to deal in a low dollar item can be difficult.  We will examine and pay fair prices for your proof and mint sets.  Often, those inheriting the proof and mint sets don't share the same enthusiasm for these coins, and lets face it, they take up quite a bit of space.  Call us, we can help.
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How can I get some information prior to selling my coins?


By David Gonzales - September 11, 2017

I am probably one of the few dealers that encourage people to be educated prior to selling their coins. I spend considerable time teaching folks about what they have. I want people to feel comfortable when liquidating, and I believe people should know what they are selling.

I look at dates, mint marks and condition of each coin. We are in business to make a profit, but it's important to be fair as well. We have many recourses on how to generally value your coins, or at the very least, give you information so that you can ask the right questions. There is no such thing as a dumb question!

A Large Rare Coin Collection!


By David Gonzales - August 16, 2017

Just finished helping a very nice lady liquidate a large rare coin collection that her late husband left her. It was fairly extensive and had over 400 certified coins. There were also many key dated coins not in holders, which meant that we needed to be very careful to review every coin. I've been in the precious metals business a long time, and I found the task daunting, in the time period that this collection needed to be liquidated.

I was able to liquidate many of the coins at the ANA Money show that was in Denver a couple of weeks ago. There simply was no way for this client to do this on her own, it was too big.  When she came to visit me, she explained that she has tried on and off for the past 3 years to go through the coins and each time ended up exacerbated and overwhelmed.  

It's ok to get some help(from a trustworthy person and or company) when dealing with coins. This client just wrote a very nice review on google. Another client very happy with Mile High Coin!
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But I saw this exact coin on the internet for thousands...

If I had a nickel for every time I heard this, I'd be rich!

By David Gonzales - June 14, 2017

I can't count the number of calls I've recieved with this response...  The internet has created coin pricing experts all across the world!
There are so many factors when determining the value and marketability of a particular coin.  Date, mintmark, condition, composition, mintage numbers and mint errors are just a few.  And then there is the ability to recognize these things.  Also, there are very few ways to get any formal education about coins, especially "shotgun" training for the person that just has a few coins to sell.  So to the internet they run...
Sellers of coins on the internet are not the authority.  Anyone can sell anything for any price on the internet, and there is always someone dumb enough to buy it.  The world wide market for ebay is incredibly big, the sheer numbers of buyer and sellers is astounding.  Always best to check around, and get to know a dealer.  Let me give you a hint on what motivates a reputable dealer.  Online ratings!  Approach a dealer in person and show them your coins, and metion that you plan on providing a rating for the good work and pricing that they provide. 
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