What to Do with an Inherited Coin Collection
Handling inherited coins has gotten complicated with all the valuation debates, selling options, and family dynamics flying around. As someone who has helped multiple families navigate coin inheritances, I learned everything there is to know about maximizing value while honoring the collector’s legacy. Today, I will share it all with you.
First Steps
Probably should have led with this section, honestly—don’t rush to sell or clean anything. Many inherited collections contain valuable pieces that uninformed heirs accidentally damage or undersell.
Assessment Steps
That’s what makes inherited collections endearing to us numismatists—every collection tells a story:
- Photograph everything before handling
- Separate by type (U.S., foreign, bullion)
- Look for original documentation or purchase records
- Handle only by edges, preferably with cotton gloves
Getting Values
- Get multiple appraisals from different dealers
- Check PCGS and NGC price guides online
- Research recent auction results for comparable coins
- Consider professional grading for potentially valuable pieces
Selling Options
Dealers offer convenience but lower prices. Auctions reach more buyers but charge commissions. Online platforms maximize exposure but require effort. Choose based on collection size, your time, and comfort level.
Consider Keeping
Before selling, consider whether you want to continue the collection. Coins make meaningful family heirlooms connecting generations. You might discover a passion the original collector hoped to pass along.
