Coin Update published this informative article regrading “What to do, when is it time to cash in your collection“.  The piece has additional detailed comments when viewed in the article.

They referenced the following which is excerpted from Clifford Mishler’s Coins: Questions & Answers.  This book can be purchased on eBay or Amazon for less than $10.

Coin Collection

Is it time to sell your coins?

Perhaps you don’t consider yourself a collector, but you’ve inherited a cigar box full of Grandpa’s old pocket change. Or maybe you’ve spent years in the hobby, and you feel like it’s time to explore new paths. You might be drawn to a different collecting specialty within numismatics, or even to a completely new hobby. Perhaps your life circumstances have changed, and you need to cash in (however reluctantly) on your investment. Maybe you want to take advantage of the current “hot” coin market by selling off some of your collection’s duplicates.

Regardless of why you’re selling, you now have some decisions to make.

• Will you sell your collection privately, to a local coin dealer?

• Shop it around to dealers nationwide?

• Consign it at a public auction?

• Auction it yourself, on the Internet?

• What are the benefits of each path, and which will bring the greatest profits?

To get started, the first question you should answer is, “What kind of collection do I have?”

90% silver coins

Rolls of modern Coins, Proof sets, modern commemoratives.

Coins with sentimental—but not necessarily high-dollar value.

Rare and/or significant coins.

Bullion or other items.

Another option for selling your rare and significant coins is to approach a dealer nationally recognized as an expert in the field—for example, a specialist, or a expert who focuses on certain coins.  You can also receive tax benefits from donating your rare or significant coins to the American Numismatic Association, the American Numismatic Society, or a museum.

The Coin Show

After you’ve considered the scope of your collection, you can decide the best venue for selling.

Gook Luck!