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<p>[QUOTE="huntsman53, post: 118180, member: 1242"]Kraco,</p><p><br /></p><p>First and foremost is your’ safety and the safety of the coins! Secure a Safe Deposit right away and after taking detailed photos of the coins and their’ holders, lock all of them, especially the high valued ones and any paperwork (Wills, Legal Documents, etc.) concerning the coins away. Make sure to keep copies of any Wills, Legal Documents, Appraisals, Photos, etc. concerning the coins locked away at some other location. </p><p><br /></p><p>Make appointments with a least two Coin Dealers that are certified in appraising coins. Insure that they will be giving you a full and complete Appraisal on all of the high value coins (slabbed and non-slabbed) for Insurance purposes and make it clear to them, that the coins are not for sale. Make arrangements with the Bank and the Coin Dealers to have the coins inspected at the Bank in a Private Office. Do not take the coins out of the Bank! The Coin Dealers can assess the coins there, make notes there and then write up the Appraisals later. <b>Once you have the Appraisals on the coins, you will then want to have the coins insured for their’ value!</b></p><p><br /></p><p>If you need to borrow money, understand that most Banks will not loan money on coins and you will have to check with your Bank and others to see if any will do so. Only borrow what you will need and do not to borrow more than half of the value of the coins, using only the Certified coins as collateral to secure the Loan! Since you will be using the coins as collateral, the less you borrow against them, will help you in negotiating a lower interest rate. If your Bank will not loan you the money but you find one that will, then you will have to move the Certified coins to that Bank. You should arrange to have someone accompany you or see if the Bank that is loaning you the money, will provide Security from your Bank to their’ Bank. Once you have negotiated the interest rate and terms of the loan, insure that the coins will be secured in Safe Deposit box and that you will be given a key, so that the Bank will not have total control or access to the coins. You will then need to again lock away any paperwork (Wills, Legal Documents, Appraisals, Loan Contract, Insurance Policy, etc.) concerning the coins in the Safe Deposit box at your Bank but still keep copies secured elsewhere.</p><p><br /></p><p>Now, if you wish to get any of the remaining (non-slabbed) high valued coins Certified, Graded and Slabbed you can do so! Make sure that you have detailed photos of each coin before you have them submitted. If one of the appraising Coin Dealers can submit the coins to PCGS, NGC, or ANACS, make arrangements for them to meet you at your Bank to pick up the coins and fill out all of the appropriate paperwork. Try to get someone (Bank Official or other) to be a witness to which and how many coins are being submitted and that the Coin Dealer gives you a copy of the signed submitting agreement (which also serves that they have taken charge of the coins). If there is no place on the form showing that they have taken charge of the coins, then have a letter typed up, signed and Notorized while at the Bank. When the coins return from being Certified and Graded, return them to the Safe Deposit box to not only protect them but to protect yourself!</p><p><br /></p><p>Note: If you have a lot of coins to be Certified, Graded and Slabbed and you are not in a real rush to have this done, you can send in ten (10) or more and ask for the Economy Service! Instead of paying $25 to $30 per coin for certifying and grading, you will only have to pay $10 to $20 depending on which Grading Service Company you use.</p><p><br /></p><p>Good luck and most of all, be safe!</p><p><br /></p><p><br /></p><p>Frank[/QUOTE]</p><p><br /></p>
[QUOTE="huntsman53, post: 118180, member: 1242"]Kraco, First and foremost is your’ safety and the safety of the coins! Secure a Safe Deposit right away and after taking detailed photos of the coins and their’ holders, lock all of them, especially the high valued ones and any paperwork (Wills, Legal Documents, etc.) concerning the coins away. Make sure to keep copies of any Wills, Legal Documents, Appraisals, Photos, etc. concerning the coins locked away at some other location. Make appointments with a least two Coin Dealers that are certified in appraising coins. Insure that they will be giving you a full and complete Appraisal on all of the high value coins (slabbed and non-slabbed) for Insurance purposes and make it clear to them, that the coins are not for sale. Make arrangements with the Bank and the Coin Dealers to have the coins inspected at the Bank in a Private Office. Do not take the coins out of the Bank! The Coin Dealers can assess the coins there, make notes there and then write up the Appraisals later. [B]Once you have the Appraisals on the coins, you will then want to have the coins insured for their’ value![/B] If you need to borrow money, understand that most Banks will not loan money on coins and you will have to check with your Bank and others to see if any will do so. Only borrow what you will need and do not to borrow more than half of the value of the coins, using only the Certified coins as collateral to secure the Loan! Since you will be using the coins as collateral, the less you borrow against them, will help you in negotiating a lower interest rate. If your Bank will not loan you the money but you find one that will, then you will have to move the Certified coins to that Bank. You should arrange to have someone accompany you or see if the Bank that is loaning you the money, will provide Security from your Bank to their’ Bank. Once you have negotiated the interest rate and terms of the loan, insure that the coins will be secured in Safe Deposit box and that you will be given a key, so that the Bank will not have total control or access to the coins. You will then need to again lock away any paperwork (Wills, Legal Documents, Appraisals, Loan Contract, Insurance Policy, etc.) concerning the coins in the Safe Deposit box at your Bank but still keep copies secured elsewhere. Now, if you wish to get any of the remaining (non-slabbed) high valued coins Certified, Graded and Slabbed you can do so! Make sure that you have detailed photos of each coin before you have them submitted. If one of the appraising Coin Dealers can submit the coins to PCGS, NGC, or ANACS, make arrangements for them to meet you at your Bank to pick up the coins and fill out all of the appropriate paperwork. Try to get someone (Bank Official or other) to be a witness to which and how many coins are being submitted and that the Coin Dealer gives you a copy of the signed submitting agreement (which also serves that they have taken charge of the coins). If there is no place on the form showing that they have taken charge of the coins, then have a letter typed up, signed and Notorized while at the Bank. When the coins return from being Certified and Graded, return them to the Safe Deposit box to not only protect them but to protect yourself! Note: If you have a lot of coins to be Certified, Graded and Slabbed and you are not in a real rush to have this done, you can send in ten (10) or more and ask for the Economy Service! Instead of paying $25 to $30 per coin for certifying and grading, you will only have to pay $10 to $20 depending on which Grading Service Company you use. Good luck and most of all, be safe! Frank[/QUOTE]
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