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

The First 24 Hours After Inheriting Coins

Seven actions that prevent accidental loss, cleaning, mixing and rushed sales.

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. Move the collection to a secure dry location

Move the collection to a secure dry location 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. Photograph it as found

Photograph it as found 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. Keep family labels and envelopes

Keep family labels and envelopes 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. Do not clean or test destructively

Do not clean or test destructively 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. Do not spend loose coins

Do not spend loose coins 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. Record who has access

Record who has 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.

7. Delay sale until after inventory

Delay sale until after inventory 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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