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<p>[QUOTE="ikandiggit, post: 1344655, member: 16269"]This is a good reason to have a go-to guy (or woman) for things like this. You'll spend a lot of time, being new to this, examining the coins and your time should have some value. </p><p><br /></p><p>When I do appraisals, I look for key dates, known varieties, and valuable errors. I have a general knowledge of silver coins, gold coins (but I've yet to appraise one), currency and what's crap (low or no value coins). Then I work out an overall value. I don't accept any stories as fact unless there is documentation pertaining to the provenence of the coins eg. "<i>The King of Siam gave these to my great grandfather and said they extremely rare</i>!"- That doesn't sway my appraisal at all unless there are photos, documents etc. that proves it.</p><p><br /></p><p>The coins are considered merchandise and the appraisal is what they are worth. However, what you pay for them won't be the appraisal price because you or your boss has to make a profit and now you have to take into account how desirable the coins are. Will they move immediately or will they sit in the vault for a few years. </p><p><br /></p><p>It'll be best to find someone with experience to do this for you.</p><p><br /></p><p>Good luck.[/QUOTE]</p><p><br /></p>
[QUOTE="ikandiggit, post: 1344655, member: 16269"]This is a good reason to have a go-to guy (or woman) for things like this. You'll spend a lot of time, being new to this, examining the coins and your time should have some value. When I do appraisals, I look for key dates, known varieties, and valuable errors. I have a general knowledge of silver coins, gold coins (but I've yet to appraise one), currency and what's crap (low or no value coins). Then I work out an overall value. I don't accept any stories as fact unless there is documentation pertaining to the provenence of the coins eg. "[I]The King of Siam gave these to my great grandfather and said they extremely rare[/I]!"- That doesn't sway my appraisal at all unless there are photos, documents etc. that proves it. The coins are considered merchandise and the appraisal is what they are worth. However, what you pay for them won't be the appraisal price because you or your boss has to make a profit and now you have to take into account how desirable the coins are. Will they move immediately or will they sit in the vault for a few years. It'll be best to find someone with experience to do this for you. Good luck.[/QUOTE]
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