What to do with an
inherited coin collection?

Inheritance & Valuation

Sadly, someone in your family has passed away, and among the belongings that remain there is a collection of coins.

Perhaps you remember the passion with which your father or your grandfather spoke about these coins, and how much they meant to him. There may have been an afternoon when he brought them out to show you. You may also remember the hours he spent with them in his study, the Saturdays dedicated to an auction or a coin fair, or the evenings at his numismatic society. But most probably what stays with you now is less the coins themselves than the pleasure your father or grandfather took in showing them.

On the other hand, the collection may come as a complete surprise. Either way, it usually arrives without a list, without a valuation, and with no one left who can explain why these particular coins or medals were the ones he chose.

However the collection has come to you, you are faced today with a task you were not prepared for, and with questions you may not know whom to put to.

What is this collection? What is it worth? How do I keep it safe in the meantime? And if it is to be sold, how do I make sure that is done fairly, and in a way that my relative would have thought right?

These are the questions heirs put to us, and they are the right ones to ask. You do not have to answer any of these questions by yourself, and you do not have to answer them all at once.

Our free coins & medals valuation service

Free assessment within 48 hours, without obligation. Send us a few photographs and we will tell you what has been left to you. If you would rather speak to someone first, just telephone us: +41 (0)32 554 03 30

Step 1 - send us pictures of your coins

Via eMail (estate@lugdunum-numismatik.com) or WhatsApp (+41 (0)76 612 24 41).

A picture taken with a mobile phone of an open album, of a tray, or of the coins laid out on a table is enough for us to make a first assessment of what kind of collection this is. If there are boxes, envelopes or papers with the coins, photograph those as well. And if a list exists, do not hesitate to send that too.

Step 2 - first assessment within 48 hours

We inform you about what the collection appears to contain, roughly what it is worth, and what we would suggest doing with it.

Step 3 - our expert studies the coins in person

For coins with collectors' value or whose value lies in their metal content, an on-site appraisal of the coins and medals is essential, either in our office in Solothurn or at your home or bank (high value items only).

This is the most important step, the one that turns a preliminary valuation into a precise one. Authenticity, for example, cannot be judged from a photograph.

Step 4 - to sell or not to sell, the decision is yours

Based on our assessment and on the type of coins in your collection, we inform you about the best way to sell them. If you prefer to keep the collection, that is of course perfectly fine.

  • Coins & medals with collectors' value: ideal for a consignment in one of our auctions
  • Coins & medals whose value lies in their metal content: ideal for a direct purchase
  • Coins & medals with little or no commercial value: better kept or given to someone who will enjoy them in your family

An expert at your side

Dr. Jonas Emmanuel Flueck

Dr. Jonas Emmanuel Flueck – Founder and Director, numismatist and auctioneer. Holding a PhD in History and Archaeology, he began his career in London and developed it in Zurich before founding Lugdunum, and brings more than fifteen years of experience in the international numismatic market. He is recognized internationally as one of the leading specialists in provenance research for ancient coins. Within the profession he serves as General Secretary of the VSBN, as an Expert at the IBSCC, and formerly as Treasurer of the IAPN.

He is the person who will answer your questions, carry out the assessment, and remain at your side at every step, from the first contact to the final settlement.

Some types of coins are excluded from our assessments:

  • Ancient coins and antiquities without documented provenance. We handle ancient coins and artefacts only when the history of ownership can be fully documented, either by a previous auction record, an export license, an invoice, or a collectors’ ticket. Where that documentation does not exist, we decline the material and any assessment, whatever the value. Our due diligence on ancient material is very strict.

  • Modern circulating currencies. Euro coins, current Swiss francs (after 1967), and foreign notes and coins brought home from travels.

Some advice before you start

  • Do not clean the coins. This is the one thing that can dramatically reduce the value of a collection, and it cannot be undone. A coin that has taken centuries to acquire its patina can lose most of its value when it is polished.

  • Keep the paperwork. A coin with a documented history is worth more than the same coin without one, sometimes a great deal more. Old invoices, auction catalogues, handwritten notes and the small paper tickets kept with individual coins are what help establish that history, also called provenance.

  • Leave the coins as they are. Condition is among the chief factors determining what a coin is worth, and a single scratch made while moving a piece into a new holder can have a dramatic effect on its value. There is also no need to sort or reorganize them: the order in which a collector kept his coins tells us a great deal about him and about what he was trying to assemble.

Three signs that a collection may be significant

  1. A proper cabinet. Wooden trays, felt or velvet linings, drawers made for coins. A cabinet is an expense a collector takes on only when he considers what he is assembling worth housing properly.

  2. Old labels and envelopes. Small paper tickets, often handwritten, sometimes carrying a price, a date or a name. These are the traces of the trade and usually this shows that the coins in the collection were bought as collectors’ coins from dealers or at auction, and not simply taken from circulation.

  3. A numismatic library. Reference works, standard catalogues, auction catalogues from other houses, above all if the margins have been annotated. A collector who bought books bought with judgement, and that judgement usually shows in the coins. In addition, a numismatic library may also have a value of its own.

If a formal written valuation is required

Where a notary, an authority or the tax administration needs an official figure, we can prepare a written valuation. For this service we charge CHF 200 per hour plus VAT, and we will tell you in advance roughly how long it will take. If the collection is afterwards sold to us in full, or consigned to one of our Lugdunum auctions, we would be very pleased to deduct the fee for this service entirely.