Inherited a coin collection
If you inherited a coin collection than you should use these simple steps!1. Go to a coin dealer for an estimated price 2. Talk to your parents if you plan of selling it 3. Join a coin club near your area, so that they can give you tips on what to do with the collection4. Explore the collection a little bit, check if they are US coins or World coins. When I buy coins from other dealers, I look at the coins and check if they have been cleaned or damaged.
Good tips. There are many books written on this subject. Mainly just be informed if you are selling.
Many people who inherit coins are not given a fair price when they sell because they lack knowledge and can be easily ripped off. The key to selling a collection is to know as much about the coins as possible and to go to your buyer with an abundance of knowledge. Buying a Blue Book will help you get an idea what the market will pay. It is far from 100% accurate but it is much better than having no idea at all.
Would be nice to inherit a coin collection. I would probably sell it immediately and maybe keep a couple good ones.