coins.org.uk

Free or Fee?
For the past 35 years, we have been getting callers asking the same question, and we're getting quite used to it by now. If you wish to pay and receive a professional service, we will be delighted to help. Our charges start at just 1%, with a £5 minimum, plus VAT.

Free Advice
However, most people want our expert advice for free! The amazing thing is, that we go along with it, and do actually give out lots of friendly helpful advice for nothing. You might think to ask why we do something for nothing, after all if you wanted advice from your solicitor or accountant, he would charge you plenty. We also like to make a livelihood. We provide our free advice service out of goodwill, we hope you will go away happy, and recommend us to your friends and relations. Perhaps you will also come back to us if you decide to sell your coin, or some jewellery, scrap gold, etc. As we also sell coins, jewellery, diamond rings (we design and create them), we also hope you might be a future customer.

We don't mind playing the game, but we have a few rules which we like to see observed, otherwise we take our ball away:

• For personal callers to our showroom, we are quite happy to make an offer to buy.
• As we're usually doing this for free, we expect courtesy and respect on both sides, now that we mention it, we expect this even if we are being paid!
• What we provide for free is not really a valuation, it's usually an offer to buy. You want as much as you can get, we want to buy for as little as possible. Caveat emptor! Actually, we don't try to buy for as little as possible, because we value our reputation, and we do get repeat and recommendation business from vendors, so perhaps our policy works. Just remember, though that most other traders don't work for nothing, so most free valuations are just offers to buy.
• Once we give a price, we don't expect to haggle. We will always listen to what you have to say, but we prefer you to say it first! Tell us what you know first.
• Everyone starts by asking what their coin is, then after we've told them, they ask how much it's worth. We don't mind if you ask the other way round, or even both together!
• Identifying a coin over the telephone or e-mail is more difficult and time-consuming than doing it first-hand with the advantage of being able to see the coin. What can take 2 seconds to do live, can take 20 minutes by telephone. We can't afford to give this amount of time free! If you can't bring it to us, the best starting point is your local library or museum. They have books and paid staff to help you, all paid for out of your tax money. What they will not do is provide a valuation, partly because if they get it wrong you might try to sue them. But, hey!, if they help you find it in a catalogue, most catalogues contain prices, failing this, at least you know what it is, so now you're at least half way there.
• Help yourself as much as possible first. Examine the coin (best to avoid cleaning or rubbing it, in case it is valuable), Is it heavy or light? It helps to know the weight, preferably in grams. Does it look gold coloured, silver coloured, copper coloured? How big is it? If you're going to telephone, measure it first, preferably in millimetres.
• If we tell you a fact or express an expert opinion, please don't argue with us. If you know better than we do, then why are you asking us in the first place?
• We regret that we cannot give you a free valuation by e-mail. Some days we receive several hundred e-mails, many of which are requests for free valuations. We struggle to reply promptly to everybody who wants to buy something, let alone those who want something for nothing.

Most Coins Are Not Valuable
Most of the coins people ask us about are worth very little! We're sorry about that, but don't blame us, it's not our fault. Don't shoot the messenger. Think about this fact, coins made civilisation possible, they are also the one article mass produced in millions, which nobody ever throws away! For this reason, there are more old coins in existence than there are coin collectors. This is good news if you are a coin collector, but bad news if you are trying to sell. Hey, we've got more coins than you, and we've been trying to sell them for 35 years. We have also got more than we started with!

Coin Collectors Are Not Rich
Most coin collectors aren't wealthy, they're just ordinary people with an interesting hobby. Most of them would prefer dating Cindy Crawford, but collecting coins is less expensive. The point is that collectors don't want to pay high prices, and as dealers, we have to make a profit or go out of business. So don't expect fortunes, and you won't be disappointed.
Condition, or state of preservation, is most important. Just as Cindy Crawford would be in more demand at age 20 rather than 90, so collectors prefer coins in mint condition rather than worn condition.
Many people then tell us that you can't expect a 100 (or 10 or 50) year old coin to still be in mint condition Precisely! It is because mint condition coins have rarity value that they command premium prices. Even ancient Roman and Greek coins exist in mint state, often at reasonable prices.

Our Buying Prices
For most British coins, we have a very easy rule-of-thumb, to guide you as to what we will pay. First find the coin in a catalogue, we recommend Seaby's (published curiously enough by Spink) Standard Catalogue of British Coins, then try to accurately assess the grade. Don't exaggerate it, otherwise you will only be fooling yourself. Our buying prices are approximately half the catalogue less £1 per coin.
For world coins, we recommend Standard Catalogue of World Coins, by Krause; for Roman coins, we recommend Roman Coins & Their Values by David Sear.

Examples

1. Catalogue value £100.
   Expect to get about £50 less £1. In practice, we would probably pay between about £40 to £60, depending upon our stock, demand, etc.
2. Catalogue value £5.
   Expect to get about £2.50 less £1, equals £1.50, and we would probably pay between £1 to £2.
3. Catalogue value £2.
   Half of £2 is £1, less £1 equals zero. In practice, we would probably pay between 1p and 20p.