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<p>[QUOTE="ToughCOINS, post: 1918523, member: 20480"]That's a very tough spot you're in. Unless your grandparents had special coverage for the coin collection, I wouldn't expect the insurance company to cough up any more than atoken benefit of $200 or so, regardless of how much the value of the coins has decreased. I lost a great deal in a burglary several years back, and was compensated only $200 for the loss in coins. </p><p> </p><p>If nothing else, that probably makes it easier for you to justify a claim to the insurance company, as they are unlikely to dispute that the coins have decreased at least $200 in value.</p><p> </p><p>As for salvaging the collectability of the coins, I suggest breaking them all out of holders as soon as possible, letting them sit in distilled water at room temperature, and removing them only as you are able to pat them completely dry with a soft clean cloth, and repackage them. </p><p> </p><p>Be sure to pat them dry, not wiping across them, as that can leave objectionable hairline scratches in the surface of the coins. wiping the edges of the coins should be fine.</p><p> </p><p>As for packaging them, I'd coinsider buying coin tubes to store them in, putting the dried coins in the tubes, and resting a pouch of dessicant atop each tube for a day before capping each tube. That will remove residual moisture. The tubes will make it easier for the coins to be bought and sold by a bulk dealer who would likely purchase such coins. Packaging in indivdual 2x2 cardboard holders is not likely to increase your proceeds, and the inconvenience of dealing with so much packaging may actually scare off potential buyers of the deal.[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 1918523, member: 20480"]That's a very tough spot you're in. Unless your grandparents had special coverage for the coin collection, I wouldn't expect the insurance company to cough up any more than atoken benefit of $200 or so, regardless of how much the value of the coins has decreased. I lost a great deal in a burglary several years back, and was compensated only $200 for the loss in coins. If nothing else, that probably makes it easier for you to justify a claim to the insurance company, as they are unlikely to dispute that the coins have decreased at least $200 in value. As for salvaging the collectability of the coins, I suggest breaking them all out of holders as soon as possible, letting them sit in distilled water at room temperature, and removing them only as you are able to pat them completely dry with a soft clean cloth, and repackage them. Be sure to pat them dry, not wiping across them, as that can leave objectionable hairline scratches in the surface of the coins. wiping the edges of the coins should be fine. As for packaging them, I'd coinsider buying coin tubes to store them in, putting the dried coins in the tubes, and resting a pouch of dessicant atop each tube for a day before capping each tube. That will remove residual moisture. The tubes will make it easier for the coins to be bought and sold by a bulk dealer who would likely purchase such coins. Packaging in indivdual 2x2 cardboard holders is not likely to increase your proceeds, and the inconvenience of dealing with so much packaging may actually scare off potential buyers of the deal.[/QUOTE]
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