By Charlie and Jan Vaganis
Collecting, such as coin collecting, should be approached with some knowledge and focus about what is being collected. Many collectors will select a type of coin or a series vs randomly collecting coins. Caution should be exercised with TV shopping shows; often items are overpriced. Or you may have inherited an accumulation of coins that have been passed on for generations.
It may be time to trade your collection out for cash for fun or expenses, or invest in bullion.
Numismatics
Numismatics is the study and collection of coins and currency. Determining a coin’s value goes far beyond its age or appearance. It is important to evaluate each piece based on factors such as condition, rarity, demand in the market, and mint origin. Whether it’s an early American coin or foreign rarity, a detailed and thoughtful approach is needed to ensure each item is properly identified and fairly assessed. Whether downsizing or collecting, an experienced dealer can identify a coin’s worth and why it has value.
Bullion
Bullion refers to gold, silver, platinum and palladium, sold primarily by weight and purity. Bullion offers financial security as it is a store of value, a hedge against inflation and a tangible asset. Many people are choosing to diversify their investments through buying precious metals. Select a coin dealer with extensive knowledge, experience and many positive reviews or word of mouth referrals.
Jewelry
Has your jewelry box gotten full as styles and fashions changed or with inherited jewelry? It may be time to look through the jewelry as the price of gold is at an all-time high and very favorable for selling gold jewelry. The higher the karat, the more money the jewelry will bring. Find a local, trusted coin dealer who will buy gold, platinum, sterling, diamonds and precious stones.
Sterling Silver
Sterling silver is often owned in flatware and serving pieces. To verify sterling, look for the word “sterling” or “925” to verify sterling composition as sterling silver is made from 92.5% pure silver. Often platters are silver-plated, which is just a thin layer of silver over copper or nickel. While sterling silver is glorious in its shining beauty, it does take time and effort to polish it regularly. Current generations are often creating a low maintenance lifestyle where sterling silver does not fit. If it is time to let go of some of these items, select an expert who can help individuals identify and understand what they have, often uncovering hidden value in items that have been in families for years.
Look for a coin dealer who will provide a current valuation of what you own and offers FREE verbal appraisals. Whether you want an appraisal, add to a collection or downsize and sell, there is a trusted coin dealer who can help you navigate the journey with experience and respect.
