A coin collection can be worth a lot of money. However, if you are attempting to sell your collection you should first get it appraised and graded. By doing these steps first, you'll ensure that you get a fair price for your collection.
If you need to have your collection graded, but don't know where to begin, don't worry. These three tips will help ensure your experience is quick and easy.
1. Know What Is In Your Collection
Before you have your coins graded, take some time to familiarize yourself with your collection. This might sound silly, but it's easy to forget what coins you have – especially if you have a large collection. In addition, you probably don't need all of your coins graded. Popular or badly worn coins really don't need to be graded, unless you deem it necessary. So go through your coins and determine which coins should be graded, and which ones can skip this step.
If you don't know anything about coins, consider using a coin grading book. This book can help you determine the general value of your coins. It can also help you determine whether you have any coins that are considered rare.
2. Separate Your Coins
While going through your collection, separate your coins into two categories: good and bad. Coins that are in mint condition (or close to) should go into the good pile. While coins that are of a lesser quality should go into the bad category.
It might sound odd to separate your coins into a good and bad category, but it can be incredibly helpful. By doing this, you can send your coins in batches to be graded. This can make the process quicker, but also cheaper. So definitely take some extra time to do this.
3. Skip The Cleaning
When you sell most things, you probably clean them. So you might feel tempted to clean your coins, but don't do it. Cleaning your coins is a bad idea, as it will remove the original finish. This can significantly reduce the value of your coins. It can also make your coins seem less authentic. So never clean your coins, especially before having them graded.
Having your coins graded is very helpful. It can help ensure you get a fair and accurate price on your coins. It can also help you purchase insurance for your coins. Unfortunately, many people feel overwhelmed when it comes to preparing their coins for grading. However, it's much simpler than you probably think. By following these tips, and using a trusted grading service, you can ensure that your coins are graded accurately and fairly. For more information, contact companies like Rocky Mountain Coin.