Inheriting a Coin Collection: Ancient or World Coins
You’ve inherited a coin collection. Now what? This segment addresses the common questions collectors have who’ve recently inherited an Ancient or World coin collection, and what they need to know.
You’ve inherited a coin collection. Now what? This segment addresses the common questions collectors have who’ve recently inherited an Ancient or World coin collection, and what they need to know.
Rod Gillis, Education Director at the American Numismatic Association, provides valuable insights on managing inherited world coin collections. If you’ve recently inherited a coin collection and are unsure of what to do, this video offers practical advice to help you navigate the process.
Rod starts by highlighting the common scenario of inheriting world coin collections and emphasizes the importance of organizing them into definitive parts.
For those needing appraisals for tax purposes, Rod suggests seeking assistance from ANA-affiliated dealers, though it’s important to note that professional appraisal services typically incur fees.
If you’re considering selling the collection, Rod outlines various options based on its value. For smaller collections with modest value, selling to a coin dealer or privately may be viable. However, discretion is advised to avoid attracting unwanted attention.
For collections with higher value or rare coins, Rod suggests exploring options like auction houses specialized in numismatics. While auctioning can yield substantial returns, it involves waiting for the auction and managing associated paperwork.
Rod also encourages learning about numismatics and getting involved in the hobby, offering a rewarding alternative to selling outright.
For any further inquiries or assistance with your collection, Rod assures viewers that ANA headquarters is readily available to help.
https://www.money.org
https://www.money.org/find-a-dealer to find a local coin dealer
https://www.money.org/club-directory to locate a local coin club
