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But dad said these coins would pay for college

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High mintage 1976 US bicentennial coins are easy to find with value seen mostly in high grade varieties.  When a customer comes in to NwPlaza Coins with a hoard of these common coins in circulated condition, they’re often disappointed when shown the numbers.  Our goal is to make you an educated seller by providing you with information whether you choose to sell to us or another buyer.  When we talk about collectible coins and those of value, there are three important variables to keep in mind:  Rarity (mintage), condition and desirability.  Notice we didn’t mention the age of a coin which is seldom a factor when determining value.

The change in design on the reverse of the 1976 bicentennial coins resulted in an increased public interest in holding on to these high mintage coins.  In circulated condition you can expect the copper-nickel varieties to be worth face value.

 
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Posted by on April 24, 2017 in Coin Selling 101

 

Appraisal vs. Valuation

will A licensed appraiser is neither interested in buying nor selling a personal property estate.  When next of kin bring in a personal coin collection of their loved one to sell at NwPlaza Coins, they receive a free valuation of the coins based on Fair Market Value defined by the IRS Treasury Regulation 20.2031-1 which states: “The Fair Market Value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under compulsion to buy or sell, and both having reasonable knowledge of relevant facts.”  We search 6-month trending prices of what the same or similar coin has sold for and generally determine a coins value based on these findings.

We realize courts sometimes require an appraisal of a coin collection from a licensed Personal Property Appraiser.  These appraisers often specialize in art and antiques but rarely specialize or have broad knowledge of coins.   Court approved Personal Property Appraisal services from third parties can start at $125/hour which can be costly for a family trying to get the most from the collection left to them.  Trustees are reportedly dividing the coins among family members to avoid appraisal fees.  Attorneys have been frustrated with Personal Property Appraisers whose fees can exceed the value of the collection itself.  In some cases, attorneys are suggesting to their clients to come to an agreement on a buyer of their loved one’s collection to avoid the costs of an appraisal. If an appraisal is received, the process of finding a buyer is an added frustration.  Family members are left with the task of searching for a buyer that offers a price close to the appraised value.

At NwPlaza Coins, we are licensed coin buyers with years of experience collecting coins, researching values and opening a shop that offers collectors a positive place to buy/sell/trade coins. Our clients can schedule private appointments Monday – Friday for us to review their collections in-store. NwPlaza is an accredited member of several Numismatic Associations and has high ratings both locally and as a trusted Worldwide seller of authentic coins and precious metals.

We always encourage our customers to be educated sellers by reviewing the Fair Market Coin Values database linked on our website at http://www.nwplaza.com.  Here are a few additional steps we recommend:

  1.  Know what’s in the collection. Familiarize yourself with the lot of coins you have.
  2.  Separate collectible coins from common coins. Likewise, higher valued coins like  historic gold might be good to send in for third party authenticating and grading.
  3.  Research dealers in the area and read customer reviews.
  4.  Visit a coin shop to chat with them about coins and decide if they’re who you want to do  business with.

If a costly appraisal is not mandated by the court, a helpful alternative might be a free coin valuation.  Seek the advice of counsel if you have legal concerns regarding an estate and discuss all options with your family.  For questions about selling your family’s coin collection or to schedule an appointment, we invite you to stop in this weekend at NwPlaza or call us anytime.

 

 
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Posted by on April 4, 2017 in Coin Selling 101

 

Found in a locket

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1886 US $3 Gold Indian Princess Head PCGS AU55. Low mintage 1,142.

The $3 Indian Princess series ran from 1854 to 1889 with the 1875 Proof seeing the lowest mintage of only 20 known coins reaching values over $150,000.  This 1886 is a beautiful piece of numismatic history recently brought in to NwPlaza.  It had been safely stored inside a gold locket and handed down to family.  NwPlaza has the distinct honor to auction this coin to that one collector who must have it as a great addition to their collection.  See more information on this coin by clicking here.

 
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Posted by on February 23, 2017 in Coin Selling 101

 

Shop NwPlaza with Confidence

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NwPlaza has been a leading coin buyer with authenticating tools that ensure the coins we buy are genuine.  With counterfeiters getting better, NwPlaza now has an additional tool to protect our inventory.  This state of the art technology offers customers peace-of-mind when adding coins to their collection.  If you would like to learn more about authenticating your coins, come in this weekend for our crash course on some non-invasive tests you can perform.  Want to add to your collection?  We have thousands of US and World coins available online and in-store.  We also make strong offers on coins you want to sell.  Visit our website for more information.

 
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Posted by on December 2, 2016 in Coin Selling 101

 

After the Coin Show

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The 2016 McMinnville Coin Club Coin Show at Chinook Winds Casino in Lincoln City, Oregon was a big hit this Valentine’s Weekend. While there, NwPlaza met with a variety of collectors and dealers and acquired some amazing coins.  Silver Russian Kopecks, Canadian silver 50c pieces, historic Mexican silver Pesos and a low-mintage 1936 York County Half Dollar, just some of the coins we brought back to our shop.

Chinese Silver Pandas and Mexican Libertads were big sellers at NwPlaza’s booth this year. Collectors enjoy these high luster World coins that make a nice addition to any collection.

Come in to NwPlaza Coins in downtown Vancouver this weekend and see all the coins we brought back from the show. The 2017  coin show will again be held at Chinook Winds Casino.  If you have never been or are a regular attendee, be sure to mark your calendar and join us February 11-12, 2017.

 
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Posted by on February 19, 2016 in Coin Selling 101

 

Completing your collection

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A customer recently emailed NwPlaza Coins wanting to complete his Lincoln Cent collection.  He provided us with a list of the coins he was having trouble finding by date, mint mark, condition and strike.  The challenge he faced was he only wanted Proof, Satin and Brilliant Uncirculated coins to fill his folders.  No problem for us getting these coins from our list of collectors.  We replied to his email with a price quote and payment link for him to pre-pay for his order and within a few business days he was able to pick up his coins in-store.

No doubt, the fun part of collecting can be the hunt.  However, when you get to a point where you just want the folder completed or have hit a dead end finding the coins you’re wanting, NwPlaza makes it convenient for you to complete that collection.  Visit our webpage and contact us with your list of hard-to-find coins.

 
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Posted by on October 26, 2015 in Coin Selling 101

 

We can handle your special orders

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Our trusted coin suppliers offer NwPlaza Coins deep discounts because of our volume of orders over the years.  We pass those savings on to our collectors who come in wanting to pre-order coins.  Whether you’re looking for that one key coin to complete your collection or add gold or silver bullion to your portfolio, we will quote you our lowest price for you to lock-in on and we pre-order your coins, usually available for you to pick up within 7-10 business days after payment clears.  Pre-ordering is one of NwPlaza’s most popular services.  If we don’t have it available in-store, we’ll try to find it for you.  Visit us this weekend in downtown Vancouver USA for a complete list of services we offer to collectors like you.

 
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Posted by on September 22, 2015 in Coin Selling 101