How to find an honest, qualified coin dealer

 
By Mary Hunt | Published: February 18, 2010    Comment on this article Leave a comment

Dear Mary: My husband and I inherited lots of old coins. We would like to know the value of them and possibly sell them. Do you have any advice on how to find an honest, reputable coin dealer? — Christy H., e-mail

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Dear Christy: Coin dealers are easy to find. Finding one who is honest and qualified is harder. You want a coin dealer who knows his topic well, who is financially stable, who is respected by his peers, who has demonstrated care for ethics, and from whom you have recourse in case of a dispute. I suggest that you consult the Professional Numismatists Guild, an association of coin dealers who have met a number of strict standards in order to join it. Click on "Find A PNG Dealer" at http://www.PNGdealers.com to find a referral in your area.

Dear Mary: My aging parents are in declining health and may need to have long-term care outside their home in the near future. I want to protect their assets in the event that they have to go to a care facility. Two years ago, they had their wills updated to give me power of attorney (durable and health care), but I am concerned that it's not enough. Could you direct me to where information on this subject is available? — Dan K., South Carolina

Dear Dan: I applaud your desire to help your parents get their affairs and estate in order. It is good that they have been diligent to have their wills and health directives kept current. I am not sure what you mean by "protect their assets," but something tells me you might be more interested in protecting your inheritance from the costs of their future health care.

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