In many cases, spouses or children will sell a parent’s or grandparent’s life-long coin collection to a pawnshop or estate liquidator for a fraction of its worth. While trust officers, estate planners and attorneys are experts in financial instruments and real estate, almost none of them have expertise in collectibles. We have occasionally overheard an unethical dealer boast about how they “scored” or “ripped-off” some great coins from a grieving seller. With our help, you will be far better prepared to get the highest price for your valuable possessions.
Most collectors enjoy their hobby so much that they plan to leave their collections to children, grandchildren or other relatives as part of their estate. That’s a great idea if the recipients are knowledgeable about the value of what they are about to receive. Unfortunately most recipients are not knowledgeable and generally collections are liquidated at a fraction of their real value.
Coin collecting is a hobby; and only provides a marginal investment for most coin and currency collectors. If purchased at a fair market price, properly graded for condition, stored carefully in containers and left without being cleaned or chemically treated, most coins have averaged about a 4.5% increase a year during the previous twenty years.
Whether you keep your collection or decide to offer it for sale, be sure to keep the collection safe and secure. It’s estimated that one in three collections can and will be stolen. If you have access to a bank safety deposit box, we suggest you safeguard your collection, while you are deciding what you wish to do.
Coins and Currency values are based upon current wholesale dealer prices. We obtain these prices through weekly published prices for United States coins and currency. Appraisals can be done at several locations including your home, bank vault room, or office. Prior to the appraisal being conducted, we will verify your home or business address through the telephone directory. In the event you have an extensive or extremely valuable collection, we can conduct the appraisal at a bank location in a private room. Click HERE to see the instruction of how to get your coins ready to be appraised.
We appraise these types of coins and currency based upon our experienced opinions. In some cases there may a need for outside research to determine current value.
We have extension knowledge in Coins and War memorabilia and will assist you in determining the values of these items. We also have expertise when it comes to appraising your antiques. However in the event we need to call in an expert, we do have other associates who work in specialized areas that can assist us with appraising your items at current market values. In some cases there may a need for outside research to determine current value.
If you would prefer to consign certain items, we can make recommendations on which items we would be willing to take on a consignment basis. Our consignment commission rate is 20%. We are insured in the event of any loss. Once the items sell, full payment is made to you within 45 days. We can also suggest any of your items that would benefit you from a third party certified grading service. We are authorized dealers for all certified grading services, PCGS, NGC, and PMG.
If you have extremely rare items of high value, we can recommend the best auction source for your type of item. We have close working arrangements with most major auction firms. We can also negotiate a favorable consignment rate and establish the proper reserve on your behalf for a nominal 5% fee, based on the “hammer” price.
Once we have completed your appraisal, if you are interested, we will be happy to make you a fair offer for your collection. Unlike most appraisers who will make an offer for only the most popular items, we will make an offer to purchase the entire collection. Payment is normally made by check, drawn on US funds. When necessary, payment can also be made in cash, if prior arrangements have been confirmed and appropriate IRS requirements have been met.
Most collections of United States Proof, Mint or circulated coins can normally be done within one or two hours, providing they have been organized and sorted and as per our general instructions. Our rate is $75 per hour for verbal appraisals and $175 per hour for detailed written appraisals and certified estate appraisals. There is a minimum charge of $175 for all written appraisals.
Travel time will be billed starting from the PGS headquarters in Palatine and will end once the appraisal is completed at the customer’s location. The Travel rate is $175 an hour. If air-travel is required, we bill for Business Class Travel and moderate hotel expenses.