I inherited several large cardboard boxes of coins about 20 years ago. At the time I was told it was worth over $10K. I went through and inventoried them but it basically it just wound up being a long unorganized list. I have been meaning to get these on computer but haven't got around to it. I do recall that 90% of the coins were older sets in clear plastic, a lot of centennial items and mint sets. Some just bulk in pill containers, etc, too.
They are just collecting dust in the basement and a bit of a security concern. What is the best way to sell this collection in its entirety? Use a broker? If so what should I look for, bonded, licenced? Or am I just setting myself up to be ripped off with my lack of knowledge?
Should I physically go through the collection again, get a pricing book and try to determine a value? If I do that I might as well get a table at the next coin show and sell them there, something I do not have the time to do.
Last time I spoke to my Uncle (brother of who I inherited this from) he told me just to sell it for its silver content, I'd probably get more for it.
Not sure where to go from here...
Inheritance in Edmonton
Re: Inheritance in Edmonton
Sort your raw coins into piles by denominations 1,5,10 cents etc.Then separate them 1967 and older in 1 pile for each denomination.Here is a link to check the melt value of the coins you have.
http://www.coinnews.net/tools/canadian- ... alculator/
If you cannot grade coins,it will be very hard to establish a real value.There are key dates,errors,varieties etc to look for.Why not buy a Charlton Catalogue and spend a few nights readinng through.You might even get interested in what you read and become a collector.It would be a shame to melt your inheritance for scrap silver price.
There are also some dealers in your area.If you trust them,bring a few items to start a discussion.
I personnally collect canadian 1 cent pieces and would be interested to know what you have in your boxes.
Good Luck
http://www.coinnews.net/tools/canadian- ... alculator/
If you cannot grade coins,it will be very hard to establish a real value.There are key dates,errors,varieties etc to look for.Why not buy a Charlton Catalogue and spend a few nights readinng through.You might even get interested in what you read and become a collector.It would be a shame to melt your inheritance for scrap silver price.
There are also some dealers in your area.If you trust them,bring a few items to start a discussion.
I personnally collect canadian 1 cent pieces and would be interested to know what you have in your boxes.
Good Luck