Just inherited coins? Do these seven things before cleaning, sorting or selling anything.
Estate coin guide

Records to Keep When Selling an Inherited Coin Collection

Receipts, valuations, dates, fees and professional tax advice.

Inherited collections are often mixtures: ordinary circulation coins, bullion, collector pieces, old holders, world coins, tokens and paperwork. The goal is not to assign a perfect price immediately. The goal is to avoid losing information or selling a valuable subgroup as anonymous bulk.

1. Keep estate documents

Keep estate documents should be handled in a way that preserves evidence and keeps the family’s options open. Record what you know, identify uncertainty and avoid turning a preliminary estimate into a rushed sale decision.

2. Record sale price

Record sale price should be handled in a way that preserves evidence and keeps the family’s options open. Record what you know, identify uncertainty and avoid turning a preliminary estimate into a rushed sale decision.

3. Record fees

Record fees should be handled in a way that preserves evidence and keeps the family’s options open. Record what you know, identify uncertainty and avoid turning a preliminary estimate into a rushed sale decision.

4. Track shipping

Track shipping should be handled in a way that preserves evidence and keeps the family’s options open. Record what you know, identify uncertainty and avoid turning a preliminary estimate into a rushed sale decision.

5. Ask a tax professional

Ask a tax professional should be handled in a way that preserves evidence and keeps the family’s options open. Record what you know, identify uncertainty and avoid turning a preliminary estimate into a rushed sale decision.

Anti-ripoff rule: A confident buyer is not automatically a correct buyer. Ask how the offer was calculated, keep an inventory and compare at least one independent alternative for better material.

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