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Valuing a Collection for Insurance Purposes - How Do YOU Do It?
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<p>[QUOTE="kanga, post: 3627505, member: 9270"]Right now I'm looking at my Braided Hair Large Cents set (1839-1857).</p><p>When I started I collected the varieties based on the Red Book listings.</p><p>If I were smart then I noted how much I paid for each.</p><p>(NOTE: "Smart" operated only about 50% of the time when I put the set together.)</p><p>Then I discovered that there were Newcomb varieties that went well beyond the Red Book varieties.</p><p>So I bought the reprint of Newcomb's book AND the Grellman book.</p><p>With them I identified many of the Newcomb varieties.</p><p><br /></p><p>So at this time I have the following information about each coin:</p><p>-- Date</p><p>-- Red Book Variety (if one exists)</p><p>-- Newcomb Variety (if I could determine it)</p><p>-- TPG (NGC or PCGS)</p><p>-- Grade</p><p>-- CAC (if present)</p><p>-- My Cost (if I recorded it)</p><p><br /></p><p>Now the tough part.</p><p>Valuing them for insurance purposes.</p><p>I know about looking at auction results but finding a coin in your grade AND Newcomb Variety would be unlikely in most cases.</p><p>And catalogs generally don't cover all grades used by TPG's.</p><p>And all of the Newcomb Varieties -- forget it.</p><p><br /></p><p>If they were <b><font size="5">your </font></b>coins how would <font size="5"><b>YOU </b></font>go about it?[/QUOTE]</p><p><br /></p>
[QUOTE="kanga, post: 3627505, member: 9270"]Right now I'm looking at my Braided Hair Large Cents set (1839-1857). When I started I collected the varieties based on the Red Book listings. If I were smart then I noted how much I paid for each. (NOTE: "Smart" operated only about 50% of the time when I put the set together.) Then I discovered that there were Newcomb varieties that went well beyond the Red Book varieties. So I bought the reprint of Newcomb's book AND the Grellman book. With them I identified many of the Newcomb varieties. So at this time I have the following information about each coin: -- Date -- Red Book Variety (if one exists) -- Newcomb Variety (if I could determine it) -- TPG (NGC or PCGS) -- Grade -- CAC (if present) -- My Cost (if I recorded it) Now the tough part. Valuing them for insurance purposes. I know about looking at auction results but finding a coin in your grade AND Newcomb Variety would be unlikely in most cases. And catalogs generally don't cover all grades used by TPG's. And all of the Newcomb Varieties -- forget it. If they were [B][SIZE=5]your [/SIZE][/B]coins how would [SIZE=5][B]YOU [/B][/SIZE]go about it?[/QUOTE]
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Valuing a Collection for Insurance Purposes - How Do YOU Do It?
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