If an inheritance nest egg is your first consideration when buying - it's worth considering the future right now.

This article is based on my opinions and as such does not constitute financial advice.

If you wanted to convert your collection to cash today, it's very likely that you would have lost money on your original purchase cost.

Even if you sold every item individually - which would be hard work in the current market - you probably would have more to pass to kids/grandkids if you just saved the money.

Imagine the future

One day the younger generation in your family will have up to a few hundred Royal Mint coin packs and Change Checker blue cards dropped in their laps.

If they have an interest in coins - great, but if they don't and would prefer the cash value, they have an extra job to add to the list of things to do - and it's not easy to sell a large collection at anywhere near the current market value.

Put yourself in the position of the person who inherits your collection

Most people have busy lives, so would not have time to fully document and obtain a number of independent valuations.

If they have no experience of coins and no connection to the coin market - the first result on Google is where many will turn for help.

Try contacting the first result on Google - see what they offer you today. If it's the standard 60-65% of the current individual resale value, expect similar when your loved ones take on the job of selling your collection.

Collecting coins is a hobby, NOT an investment. Here at Coin Hunter we suggest you buy the coins you like for your collection - and forget thoughts of it being an investment or an inheritance nest egg for the kids, as many of the coins issued today by The Royal Mint lose value over time.