Inheriting a coin collection can be both a privilege and a challenge. Whether it’s a small collection of rare coins or an extensive assortment passed down through generations, knowing how to handle, evaluate, and possibly sell these coins can be overwhelming.
At Centennial Auctions, we specialize in helping individuals navigate the process of assessing and auctioning coin collections. If you’ve recently inherited a collection and aren’t sure what to do next, here’s a step-by-step guide to help you make the best decision.
Step 1: Understand What You Have
Before deciding whether to keep or sell the collection, keep a general inventory of what you have. Observe how it is originally sorted, take some photos, note any categories, and groupings that are present in the collection. This will give you a decent sense of what you’re dealing with without having to spend too much of your time.
If you find unfamiliar coins, don’t assume they’re valuable—or worthless—just yet. A professional evaluation is the best way to determine their true significance.
Step 2: Get a Professional Appraisal
Determining a coin’s value requires expertise. A USPAP-compliant appraisal ensures an accurate assessment based on:
- Rarity & demand – Some coins are highly sought after, increasing their market value.
- Condition & grading – Higher-grade coins fetch better prices.
- Market trends – Recent sales can indicate whether now is a good time to sell.
At Centennial Auctions, our appraisers have decades of experience in evaluating and pricing rare coins. Whether you need an appraisal for estate purposes, insurance, or selling, we provide a clear and detailed valuation.
Step 3: Decide on Your Next Steps
Once you have an appraisal, you can make an informed decision about what to do with the collection.
- Keep It – If the collection has sentimental or historical significance, holding onto it may be the right choice.
- Pass It Down – Coins can be valuable heirlooms and investments for future generations.
- Sell It – If you decide to sell, an auction is often the best way to maximize the value of rare and collectible coins.
Step 4: Selling at Auction
Choosing to sell through an auction has distinct advantages over private sales:
- Competitive Bidding – Collectors and investors bid against each other, often driving up the price.
- Access to Serious Buyers – Auctions attract numismatic enthusiasts who understand a coin’s true value.
- Professional Handling & Marketing – At Centennial Auctions, we take care of everything, from cataloging to promoting your collection to the right audience.
An inherited coin collection can hold great historical and monetary value. Whether you choose to keep it, pass it on, or sell it at auction, it’s important to make an informed decision. At Centennial Auctions, we are here to guide you every step of the way, from professional appraisals to ensuring your coins find the right buyers.
Contact us today at 603-356-5765 to learn more about our auction process or to schedule an appraisal for your inherited collection.