You may have recently inherited a coin collection from your grandfather. However, you may be confused, as to what to do with it. That would be the story with most people. You may think that the collection would probably be worth the money, as the prices of gold and silver prices are on the rise. Therefore, the question to ponder upon would be how to receive the maximum money from the collection. In case, you live in a city large enough to have a few coin shops, it would be a great place to start. However, not all coin shops are created equally. Being an informed seller would make a significant difference in the final price that you receive.
Determine what you have
The initial step in liquidation of the collection would be to determine what you actually have in terms of coins. It would be pertinent to mention here that a majority of people collecting coins would be as different as the coins they have collected. Most collections may specialize in collecting silver dollars ad old nickels. On the other hand, other collections may have a wide variety of items such as proof sets, tokens, currency, medals, foreign coins and more.
Organize your coin collection
You would be required to separate the coins by denomination. You should separate the foreign coins from your coin collection. Similarly, you should make a pile of tokens, currency, medals and proof sets. It would be imperative that you should not clean any of the coins. Several people look forward to cleaning the coins. They do not realize the fact that it would hurt the value of the coins. You should ensure that coins in folders should be assorted in the correct manner. The coin dates should be in the corresponding hole in the folder. This would enable the dealer to evaluate the coins quickly. A majority of dealers would be busy people. It would make it easier for them to make the evaluating process of coin collection easy. It would be in your best interest as well.
Searching for the right coin dealer
After you have made the inventory of coins, currency or anything else in the collection, the time would come to start searching for the local Coin Shop near Me. It would be imperative that you should visit at least three coin shops with your coin collection. You should take offer from all the dealers and choose the one that suit your needs in the best manner possible.