How is a coin collection appraised in Kentucky?
We value coins through comparable sales analysis, matching each coin's denomination, date, mint mark, variety, and grade against PCGS and NGC price guide data and realized prices from auction archives such as Heritage. Grade is usually the strongest driver: a one-point move on the Sheldon scale near a threshold like MS65 to MS66 can shift the price substantially, so our appraisers document condition and provenance for every significant coin, with photos of both faces and any diagnostics.
Should I clean my coins before the appraisal?
No. Cleaning, polishing, or otherwise altering a coin's surface is one of the most damaging mistakes an owner can make, and appraisers treat cleaned surfaces as a value reducer. Leave coins exactly as they are, and keep original holders, tickets, and any pedigree paperwork, since that documentation supports the value conclusion.
Will heirs owe Kentucky tax on an inherited coin collection?
Kentucky does not impose a state estate tax, and no inheritance tax applies to most modern Kentucky estates, so an inherited collection generally faces only federal estate tax exposure, and only when the estate is large enough to require IRS Form 706. A date-of-death fair market value appraisal is still worth obtaining because it documents basis and supports an equitable division among heirs.
Does Kentucky license coin appraisers?
No. Kentucky's appraiser licensing law, KRS Chapter 324A, governs real property appraisers only; the state has no separate license for personal property specialists such as coin appraisers. Coin valuations are instead prepared under national professional appraisal standards, which is what courts, insurers, and the IRS look for.