Bicentennial coins, minted to commemorate the 200th anniversary of the United States in 1976, hold a unique place in American numismatic history. Featuring distinctive designs such as the dual date of 1776-1976 and patriotic motifs, these coins can be both historically significant and valuable. If you’re considering selling, insuring, or simply learning more about your collection, a professional appraisal is essential. Here’s a comprehensive guide on how to get your Bicentennial coins appraised by a professional.
1. Understand the Types of Bicentennial Coins
Before seeking an appraisal, familiarize yourself with the different types of Bicentennial coins:
- Quarter Dollars: Featuring a modified reverse with the Colonial Drummer Boy.
- Half Dollars: Showcasing the Liberty Bell superimposed over the Moon.
- Dollar Coins: With the designs of the Liberty Bell and an eagle.
Each type may have different values based on its condition and rarity, so knowing what you have will help the appraiser provide a more accurate evaluation.
2. Research and Choose a Reputable Appraiser
Finding a reputable professional is crucial. Look for:
- Certified Numismatists: Appraisers who are members of organizations such as the Numismatic Guaranty Corporation (NGC) or the Professional Coin Grading Service (PCGS) are often well-qualified.
- Accredited Dealers: Dealers accredited by the American Numismatic Association (ANA) are also a good option.
- Specialists: Some appraisers specialize in commemorative or historical coins and may offer more precise insights.
Check reviews, ask for recommendations, and verify their credentials to ensure you’re working with someone trustworthy.
3. Prepare Your Coins for Appraisal
Proper preparation can affect the appraisal process:
- Cleanliness: Avoid cleaning your coins, as this can reduce their value. Clean them only if necessary with a soft, dry cloth to remove dust.
- Handling: Handle your coins with care, preferably using cotton gloves to avoid transferring oils from your fingers.
- Storage: Keep your coins in a protective holder or case to prevent damage.
4. Document Your Collection
Create a detailed inventory of your Bicentennial coins. Include:
- Type and Quantity: List each type of coin and how many you have.
- Condition: Note any visible wear or damage.
- Provenance: Any history or documentation of where the coins came from can add value.
Having this information ready can help the appraiser provide a more accurate assessment.
5. Schedule an Appointment
Contact your chosen appraiser to schedule an appointment. Some may offer remote appraisals, but in-person evaluations are generally more thorough. Bring your coins and any supporting documents or certificates of authenticity.
6. Understand the Appraisal Process
During the appraisal, the professional will:
- Examine the Coins: They will inspect each coin for wear, rarity, and overall condition.
- Research Market Value: They’ll compare your coins to recent sales of similar items to determine their current market value.
- Provide a Report: You will receive a detailed appraisal report outlining the value of each coin and any relevant observations about its condition and rarity.
7. Review and Discuss the Findings
Once the appraisal is complete, review the findings carefully. Discuss any questions or concerns with the appraiser. Understanding the basis of their valuation will help you make informed decisions about your coins.
8. Consider Next Steps
Depending on the appraisal results, you might:
- Sell the Coins: If you’re looking to sell, the appraisal will help you set a reasonable price.
- Insure the Coins: If you wish to insure them, the appraisal will provide the necessary documentation.
- Enhance Your Collection: Use the information to seek out other valuable additions to your collection or improve its quality.
