An easy way for insurance quantification?
Clackamas1
Posts: 983 ✭✭✭✭✭
I am not joking in saying I have a thousand PCGS graded coins. I was just going through them and realized; I have quite a bit in them. I need to enumerate them for adequate insurance. How do I do that with thousands of coins? I need a bar code scanner to integrate with a spreadsheet. Does any one know of a solution?
1
Comments
The best way to secure your coins are to bury them in your backyard.
With my guns that sank in a boating accident?
More like this
OK seriously -
If you are an ANA member you can get excellent insurance through Hugh Wood, Inc. They do not need an itemized list for individual coins or sets that are below $10,000 in value. However you should, of course, contact them and not rely on information from me as to the details of a policy. Good luck.
In honor of the memory of Cpl. Michael E. Thompson
@TomB nailed it.
Call them.
Easy.
"Inspiration exists, but it has to find you working" Pablo Picasso
I use Hugh Wood. Their rates are very reasonable but the peace of mind knowing my stuff is covered is priceless.
Hugh Wood is the way to go. Many homeowners’ policies won’t even cover them.
Insurance is good to have.... However, it comes 'after the disaster'. It would be prudent to ensure you have taken good measures to prevent disasters (to the extent possible). Proper security and safety procedures and equipment in place and functional should be paramount. Insurance funds are a small consolation when lives or precious irreplaceable items are lost. Cheers, RickO
Photos. Same is true for jewelry, household furnishings. You can take group photos; maybe 6 or 8 coins in a photo. If they are worth something then they are worth the time to save an image to go with your spreadsheet.
https://www.pcgs.com/news/using-pcgs-set-registry-to-track-collection
Disclaimer: I have no personal experience with the 'PCGS Set Registry'.
Edited to add:
~ "How to Get Started" video @ http://www.pcgsblog.com/don-willis/news/organize-your-coin-collection-online-with-the-free-pcgs-set-registry
~ Barcode scanner FAQ.
"Can I add coins with a barcode scanner?
Yes. Handheld laser barcode scanners with the symbol LS2208 will allow you to add your inventory by scanning the barcode."
Source: https://www.pcgs.com/setregistry/faq
Document, protect, enjoy
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
@Clackamas1,
Just curious ....
Have you decided on a scanner 'and/or' inventory software?
If you see dealers work at major shows and scan all the barcodes and do technical analysis on them. I would try to do that and get them insured like Tom Bush recommended. Safe deposit box for safety. Cac submissions to maximize value. Professional imaging if that has not been done.
Anyone happen to know what software the dealers are using?
Sell them all and put the cash to work elsewhere. Brokerages provide easy tracking of the kind that you're looking for. My 2 cents worth.
Actually you can use a pcgs app to bar scan your coins for verification, so there may be a way to also add them to inventory through the app
.
End Systemic Elitism - It Takes All Of Us
No not yet.
Personally I'd just manually do one at a time from a PCGS box of twenty at a time when I had the time to do it. Eventually you'll get there.
Great transactions with oih82w8, JasonGaming, Moose1913.
What he said. You can use the set registry phone app to scan them in, after everything is scanned in you can export to a spreadsheet.
Collector, occasional seller
I agree that the set registry is the best way to organize and value the coins.