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

Coin Collection Guide for Executors

Document, secure, value and dispose of coins consistently with estate duties.

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. Preserve records

Preserve records 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. Control access

Control access 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. Use qualified specialists

Use qualified specialists 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. Document offers

Document offers 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. Keep sale receipts

Keep sale receipts 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.

6. Address taxes with professionals

Address taxes with professionals 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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