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If you have a coin in your possession which you think may be valuable, a coin appraisal can help you make the determination on its worth. You can make payment to a coin dealer for an appraisal either on an hourly basis or by a percentage of the appraisal price. You might pay $20 an hour and up or anywhere from 2%-5% of the appraisal price. In order to safeguard yourself, do your own research as well and let the coin dealer know you are aware of the current reasonable retail figures. Sometimes a coin appraisal made for insurance purposes will have an inflated value in order to cover replacement costs of the item.
|Jennifer Mathes, Ph.D.|