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Question DetailsAsked on 1/10/2017

Where can I go to get jewelry, silver and coins appraised

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3 Answers

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Here is a previous response to that quedtion which might help -


http://answers.angieslist.com/where-j...

Answered 1 year ago by LCD

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OK - first time around AL cut the answer short - trying again here -


Here is a previous response to that question which might help - a lot of jewelry stores that sell used as well as new goods also deal in coins.


http://answers.angieslist.com/where-j...


The Angies List Search the List category for this is Appraisal - Antiques, jewelry, Items - os you will hit a mishmash of appraisers in there, likely antique, furniture, toy, jewelry, estate, maybe even real estate appraisers.


Be sure on the appraisal, depending on whether this is for a formal valuation or not, whether you should be looking at the retail value or the wholesale value. Retail is what it would sell for at a store dealing in that kind of goods - wholesale is what you are likely to actually get for it if you sold it independently or to a jewelry store or dealer. Commonly about 50% difference, which represents the dealer/store markup/profit on what they buy off the street and resell. Of course, the difference can go to 75% or more on some items (especially harder to sell items) - as much as 85-90% at times, if you sell it to a pawn shop or such or to a dealer or store who commonly deals in hot items - i.e. they will commonly give you not more than 50% and commonly a lot less than that for it, especially if not in good condition or not likely to resale quickly.


Bear in mind also there are two valuation methods - one is the value of the gems and metal if melted down and the gem sold to be set in a new ring or such (the "scrap" price - generally the $ you get for that will be substantially less, especially if an heirloom/antique item or old coin, than if you were to sell it to someone specializing in dealing in that sort of goods.


Bulk precious metals and precious metal coins you can get a pretty good idea of the pricing on (ignoring any antiquity or rarity value) by checking out the BUY pricing at Kitco.com or FideliTrade.com - the amount they offer to buy it from someone, but realizing that if you actually trade with them you have secure shipping and insurance to add onto your cost of selling it. Their bulk silver coin pricing is also a fair way to value silver-containing coins (basically pre-64 as I recall) that are not real old, but whose silver content makes tham more valuable than their face value. A lot of the Kennedy silver half dollars and Washington quarters from the 50's and 60's fall in this category, as do things like the Susan Anthony silver dollar that came after the Morgan/Peace silver dollars - they are very commonly available so no special collector value unless in mint uncirculated condition or from an odd mint, but more silver in them than their $1 or $0.50 or $0.25 face value. Those type of coins are bought/sold in bulk sack amounts.


Precious coins you can buy price guides to get a pretty close handle on it - the Official Blue Book Handbook of United States Coins and the Official Red Book Guide Book of United States Coins (or other countries also) by Whitman Publishing give you historic prices (updated with a new edition each year). As I recall, the Bluebook is dealer buying prices (wholesale prices), the the red book is Retail or collector-to-collector (selling) prices - what you would normally pay to buy from a dealer or collector. Some of the info is also available free at various sites online.


You can also look on eBay for collectible coins and precious medal medallions, realizing their grades may not be exactly true, and look only at actual Sold For prices - not Buy Now or pending bid prices, which are commonly not at all realistic. Of course, if needed for an Estate valuation of divorce settlement valuation or such, you probably need a formal appraisal by a certified appraiser, with full documentation of the appraisal - the attorney handling the case can probably give a good recomendation on an appraiser they routinely use.


Note there are a few types of coins and especially bulk metals and most especially some foreign ones, that you may get very low appraisals on because there was a flurry of conunterfeit product circulating - for them, they are usually prices quite low assuming a lot of non-precious metal in the bars, and when you actually sell them unless willing to sell at a great discount they are bought by dealers with payment contingent on receipt of assays from the actual melting down - so you don't get paid until the assay results are in to show whether they were real or counterfeit.

Answered 1 year ago by LCD

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Hi,

This is Erick in Member Care. Thanks for your interest in Angie's List!

We'll be happy to help find send a list of top rated appraisers in your area, but it doesn't look like you have a subscription to the List yet. You can join by visiting www.angieslist.com or by giving us a call. Our call center is available 8:00 am-9:00 pm weekdays and 8:00-5:00 pm ET on Saturdays.

Thanks for your question and we look forward to assisting you!

Answered 1 year ago by Member Services




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