By Appointment Only

What You Should Expect During a Coin Appraisal

The purpose of this article is to provide guidance to sellers of gold, coins, silver, and platinum as to what they should expect during a coin appraisal.  A coin appraisal, in our opinion, that lacks any of the following aspects is an incomplete appraisal at best, and possibly a detrimental and costly evaluation, at worst.  Without further ado, the following provides an in depth summary as to what constitutes a complete and accurate appraisal.

FREE

First and foremost, before sitting down with a coin dealer, it is our recommendation that you confirm in advance that the coin appraisal is being conducted free of charge.  While coin appraisals can take a considerable amount of time to perform, unless the evaluation is being performed solely for the purposes of obtaining an approximate value of a collection, and not for selling purposes, then you should expect for the coin buyer to perform this service free of charge.  You should view the process similar to how you would go about locating a plumber, painter, or contractor.  The expectation is that this is a cost of doing business, and that you’ll only select a dealer  if you’re comfortable with the price that they’re offering.

NO OBLIGATION

This probably goes without saying, but you never want to agree in advance to sell at the price determined through the appraisal process.  In other words, the coin appraisal should not only be free of charge, but it should also be a no obligation evaluation.  While coin dealers are in the business of making money by buying and selling coins, they should be willing to spend the time to appraise your coins with no strings attached.  Even if you get the slightest hint that the motives of the coin dealer that you’re working with may not be sincere, you’re best moving on until you find a coin dealer that you’re comfortable with.

PRESSURE FREE

Not only should the environment in which you’re conducting business be relaxed and comfortable, but the entire process should be pressure free.  The coin dealer with whom you’re working should provide with you their complete and undivided attention, and once the coin appraisal is complete and an offer is made, the coin dealer should respect your decision, whatever it may be, without attempting to pressure you into a decision that you’re not completely comfortable with.  As such, you’re probably best not dealing with a pawn shop or “we buy gold” establishment, as these businesses are known for pressuring customers into selling their valuables.

VALIDATION OF PRICES

How did the coin dealer arrive at the prices that he quoted you?  Is he or she able to provide a logical and rational explanation for the appraised values?  Furthermore, are they able to support the quoted prices by sharing with you the prices in an industry leading publication or guide, such as the ‘Handbook of United States Coins: The Official Blue Book?’  If not, be wary, as some low mintage, rare, and highly condition sensitive coins are worth substantially more than just their bullion value.  Unless the coin dealer is willing to provide you with access to the guide he’s using, it’s possible that you could be leaving hundreds, if not thousands of dollars on the table, and should consider going elsewhere.

An Atlanta-based coin dealer that conducts coin appraisals the way they were meant to be performed is Atlanta Gold and Coin Buyers.  They not only conduct free, no-obligation coin appraisals in a pressure-free environmental, but also provide validation for the prices quoted and always take the time to thoroughly explain the process and answer any questions that you might have.  Give them a call today at 404-236-9744 and see how they’re changing the way people buy and sell coins.  Located outside of the metro Atlanta area?  No problem!  Mail your coins to Atlanta Gold and Coin Buyers for the same great service and pricing that you would receive during an in person assessment.

Tony Davis
Tony Davis