Jun 10th, 2023 · 2 min read
They say there’s no such thing as a free lunch. Maybe. But there is such a thing as a free coin appraisal!
So how does it work?
Well, look at it this way. What are coin appraisals really worth?
The dictionary definition of ‘appraisal’ is ‘an act of assessing something or someone’. But they’re not all delivered of the same quality.
Contrary to popular belief, not all coin appraisals are created equal. Some are far more valuable than others. In fact, there are several red flags that could indicate a less-than-stellar appraisal.
What does a bad coin appraisal look like to a collector?
Lack of Detail: A bad coin appraisal often skimps on the details and may estimate key findings. If your appraisal doesn’t delve into the specifics of your coin’s condition, rarity, and relevance to current market trends, you’re not getting the full picture and what you have could be junk – or it could be priceless.
No Authentication Process: Coin appraisals that don’t include an authentication process for your coin collection can lead to devastating errors. If the appraiser fails to verify the authenticity of your rare or antique item they’re missing a critical step that could lead to you making a bad decision.
Ignoring Market Trends: An appraisal that fails to consider the current market conditions is like trying to navigate a ship without a compass. Market trends such as the price of gold and silver play a significant role in a coin’s value, and values can fluctuate considerably in a short space of time so any appraisal that overlooks this key factor or doesn’t draw on the most up-to-date market activity is likely to be an exercise in worthlessness.
Whether you’ve inherited a coin collection or have been accumulating your own collection you deserve an appraisal that gives you the depth of detail you need to be able to make any decisions with confidence. And that, in a nutshell, is what Coinfully does best.
The best coin appraisals are those which provide a complete understanding of a coin collection. They educate and inform. Figures should never be thrown around without close inspection – that’s a surefire recipe for a coin valuation to come in too high or too low.
When it comes to free vintage coin appraisals, the need for expertise and experience is everything. Get it wrong and the results could have significant consequences for you.
Coinfully uses a simple, three-step plan to ensure customers have absolute confidence in their appraisal and can recognize a market-leading offer for their vintage currency.
We also provide a concierge in-person coin appraisal service where we’ll travel to you to appraise your coins at your home – because we’re firm believers that all coin appraisals should be easy.
Ready to get your coin collection appraised?