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<p>[QUOTE=&quot;Publius2, post: 7764042, member: 105571&quot;]I think what you do and how you do it depends on a number of factors:</p><p><br /></p><p>- First, are you a &quot;professional&quot;?&nbsp; That is, are you a coin dealer with a business and tax number?&nbsp; If you are, then how you approach this is different than if you are a hobbyist that is just providing some opinions.</p><p>- Is this &quot;appraisal&quot; for tax or estate purposes?&nbsp; If so, it needs to be approached from that basis.&nbsp; If all the owner wants is just a ballpark, then that&#039;s different.</p><p>- How close are these &quot;friends&quot;?&nbsp; If the whole thing goes sideways and you lose their friendship, is that a big deal to you?&nbsp; If so, maybe you should beg off and suggest someone else.</p><p>- What&#039;s the aggregate approximate value of this &quot;mom and pop collection&quot; and what&#039;s the value of the best coins in the collection?&nbsp; If it&#039;s low, you can treat it fairly casually but if it&#039;s high, you must treat it differently.&nbsp; And by low and high, I kind of mean in the eyes of the owner of the collection, first and your opinion second.&nbsp; I&#039;ve done this before for a friend who wanted to know the value of his mother&#039;s accumulation.&nbsp; I sat down with him and went through the stuff with him and with the price guides so that when the bad news sank in - &quot;your mother&#039;s coins are not worth much more than melt&quot; - he had seen how I got to that conclusion and had worked up to it himself gradually.</p><p>- What&#039;s your motivation here?&nbsp; Just to help a friend or to buy and resell this collection and make a profit?&nbsp; Whatever it is, be upfront about it with your friend and the collection&#039;s owner.[/QUOTE]</p><p><br /></p>

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