Frequently Asked Questions
Answer:
(1) The ASA consistently maintains very high standards. Each appraiser must take and pass tests in ethics, principles of valuation, Uniform Standards of Professional Appraisal Practice (USPAP) and numismatics. Only upon completion of all rigorous exams can an individual be accredited by the ASA.
(2) Only a professional numismatic appraiser can write a comprehensive report to the client. These reports can be sent to a third party, such as a lawyer, accountant or insurance company.
(3) The course work, testing and verification by the ASA provides the appraiser with the proper background to perform a wide range of services.
Answer:
The ASA is an international, independent, not for profit, teaching/testing/certifying appraisal society. The ASA represents the multi-disciplines of the valuation profession.
Answer:
(1) Expert witness in court.
(2) Recommend what coins, if any, should be sent to a professional grading service.
This is particularly true if the coin is considered rare or uncirculated.
(3) Work with the client in securing a reputable auction house to eventually sell the client's coin collection.
(4) Perform periodic updates to the appraisal. This is especially true if the numismatic collection is insured.
(5) Assist the clients lawyer and/or accountant when required. The professional independent numismatic appraiser can work with the client in many areas of estate planning.
Answer:
The appraisal is always performed where the client's numismatic collection is located. Under no set of circumstances does the client ever lose possession or control of the collection. The professional numismatic appraiser always goes to the client's location to perform the appraisal - no exceptions.
Answer:
(1) The will or trust of a long time coin collector states that the coins must be equitably distributed among the heirs. Each coin must be individually appraised, so the heirs can allocate the coins fairly.
(2) A numismatic collection will be donated to an established charity. IRS regulations require that an appraisal be performed for tax purposes.
(3) An individual needs a loan and the coin collection will serve as collateral.
Answer:
The appraiser and the client have a written contract in which all terms and conditions are clearly spelled out. Under no set of conditions is the appraisers compensation based upon the value of the collection.
Answer:
The appraisal represents the estimated value of the clients numismatic collection at a given moment.
Answer:
This is an individual who has extensive scholarly expertise in numismatics.
Answer:
Coin dealers are only interested in one thing; buying low and selling high. Only a professional numismatic appraiser can write a comprehensive to the client. These reports can be sent to a third party, such as a lawyer or insurance company. In essence, a professional, independent numismatic appraiser represents his clients, while a coin dealer only represents himself.
Answer:
A person who studies and understands the coins and currency from ancient civilizations to the modern nation.
Answer:
The ASA is an international, independent, not for profit, teaching/testing/certifying appraisal society. The ASA represents the multi-disciplines of the valuation profession.
Answer:
(1) The ASA consistently maintains very high standards. Each appraiser must take and pass tests in ethics, principles of valuation, Uniform Standards of Professional Appraisal Practice (USPAP) and numismatics. Only upon completion of all rigorous exams can an individual be accredited by the ASA.
(2) Only a professional numismatic appraiser can write a comprehensive report to the client. These reports can be sent to a third party, such as a lawyer, accountant or insurance company.
(3) The course work, testing and verification by the ASA provides the appraiser with the proper background to perform a wide range of services.
Answer:
(1) The ASA consistently maintains very high standards. Each appraiser must take and pass tests in ethics, principles of valuation, Uniform Standards of Professional Appraisal Practice (USPAP) and numismatics. Only upon completion of all rigorous exams can an individual be accredited by the ASA.
(2) Only a professional numismatic appraiser can write a comprehensive report to the client. These reports can be sent to a third party, such as a lawyer, accountant or insurance company.
(3) The course work, testing and verification by the ASA provides the appraiser with the proper background to perform a wide range of services.
What is a numismatist?
A person who studies and understands the coins and currency from ancient civilizations to the modern nation.
What is a professional, independent numismatic appraiser?
This is an individual who has extensive scholarly expertise in numismatics.
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