Home insurance probably does not cover coins. You would have to have them described with some sort of evaluation from someone other than yourself. Even then, if you reported a loss, they would low-ball you with the lowest value they could possibly find. I had an older Plymouth Voyager van that was creamed in a parking lot by a little old lady driving a Bronco II. Truth, she was like "Did I do that?". Anyway her insurance company admitted all guilt and wanted to compensate me. I had hunted around on Craigslist and found comparable vans for between $1600 and $2000. The insurance company offered $500 because they said they had found a van for that on Craigslist in St. Louis (I am in CA). I told them I would take it if they would buy the van and drive it out to me. Much hassle later, we settled on $1000. That is the way it is with settlements, both parties are unhappy. Seriously, coins, especially foreign coins are worth only what you can sell them for.
My renters' policy has a $200 MAXIMUM. Most ins. agencies won't insure for higher unless you have an appraisal.
And a rider, which means you need to purchase additional insurance to cover your coins if the value exceeds the policy limit.
As I said, recent realized auction prices is as close as you can get. And even then, all you can do is establish a range, not an exact figure.
No, I'd never say that. Somebody who knows nothing about coins or the coin market, but thinks they do, could pay ten times what it is actually worth. But that would not make it worth that much. It would be accurate to say that it is worth what an educated buyer would pay for it.
Originally Posted by Kentucky In other words, it is worth what someone will pay for it. Should have said it is worth what people have been paying for it.
Subject: Krause World Coin catalogues. The Krause World Coin catalogues for 2001 - Present do NOT include any entries for the country of MYANMAR (Burma). Anyone have any idea why this country is completely left out of their catalogue?
Error. Starting with the 32 edition, which I believe was the first one after Krause publications was sold to F&W publications, the number of errors in the book skyrocketed. Parts of countries or even entire countries left out, price columns offset from where they should be, wrong information, pictures in the wrong place etc. Ever since they they have had to do more and more with less and less funding and a constantly shrinking staff. When that happens the product suffers.