Insurance, Probate, Mini-Appraisal

Have you inherited coins, currency or jewelry?  Updating your insurance? Need a probate appraisal, or just and idea of what something is worth?  The following is a description and schedule of fees for each kind of appraisal*.  There are many variations to the way a collection can be valued. Thus, we reserve the right to make the final decision on  fees charged.

Mini  Appraisal

The mini appraisal is designed for small collections or accumulations, usually under 100 coins or currency. The values are given as an approximation between the price a retail dealer would pay your (bid) and the price that same dealer would sell you (ask) for a particular item.  Its purpose is for  use by collectors, who want to check current market values, or novices and non-collectors to determine relative value and/or rarity. The Mini Appraisal is an informal valuation of items; no certificate, notes, or bibliography is provided.

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Price

1 to   5-items or sets      $15

1 to 20-items or sets     $45

Over 20-items or sets  $45 plus $15 per 20 additional pieces or sets

Common Examples: BU Dollar Roll is 1-item. Government packaged 1986 mint set is 1-item; however, 1986 proof coins individually packed is 5-pieces. 1921 Peace Dollar and 1921 Morgan Dollar is 2-items. $1000 face circulated 90% silver halves is 1-item.

Insurance Appraisal

The insurance appraisal establishes retail replacement value of an item. This appraisal is designed for collections, which exceed the limits of unscheduled property on a homeowner’ policy.  The appraisal should meet the requirements of your insurance company and will include, but  are not limited to a detailed list of your items and their  replacement value; corresponding notes and observations; and bibliography. Replacement value is the price a collector would pay in a coin shop..

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Price

$190 2-hour minimum; plus $75 per hour thereafter

Airfare and/or mileage ($0.75 per/mi) expenses are charged for on-site appraisals in excess of 250 miles of our office.

Probate Appraisal

The probate appraisal is designed for larger (over 200 pieces) or high value collections that are to be included in estate tax calculations. Prices are established at  bid or liquidation values. The appraisal should meet the requirements of a probate attorney and will include, but not limited to a detailed list of your items and their values, with corresponding notes, observations and bibliography. Liquidation value is the price a dealer would pay for the entire collection with the intent to resell it; payment issued immediately with no consideration for financing, special handling or taxes.

Price

$190 2-hour minimum; plus $75 per hour thereafter

Airfare and/or mileage ($0.75 per/mi) expenses are charged for on-site appraisals in excess of 250 miles of our office.

* Appraisals are for information purposes only and are not to be construed as an offer to buy.  For information and instructions on offering your collection for sale, see BUYING.

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