I’m in the process of pricing my coin collection for insurance purposes (and for my heirs). I have several sealed mint and bank rolls. My question is: Is there an “average grade” for coins in a mint roll? How does this compare to bank rolls? They are all modern US coins. Thanks in advance for your input.
The insurance agency is going to take your word on what your collection is worth? you got a great agency if so...
Most insurance agencies only pay face value. I was offered $1200 for my collection after Hurricane Katrina. Luckily some friends at NGC were able to get the NCS guys to help me out.
Simply put moderns are valued at face until you invest in grading and about 95% of the graded ones you will lose money on.
What they are worth - no. What they grade - sometimes they don't have any choice on that. For once they are stolen, damaged, or gone, it's kind of hard to debate that point. But you do have to have something to back up your word like a purchase receipt. With items like Mint rolls, current market price will determine the value. Bank rolls will valued at face, rolls of older coins will be market price if you have a receipt to prove what you bought.
