Proof of ownership for coin/silver collection?

December 17, 2008 by admin · 3 Comments
Filed under: Questions About Silver Proof Coins: 

I have a few coins that my mother gave to me as part of a collection. There are a few pre-1965 things, a Morgan dollar, etc, all in very poor condition. The bulk of the collection is in 1 oz silver coins and a few silver bars. I just noticed that my homeowners insurance covers only 200 dollars of things like that, so I have taken out an extra insurance policy (also had to get one to cover firearms). However, they demand proof of ownership in case of a claim, which seems reasonable. The thing is, I didn't buy these. My mother purchased them decades ago and has no receipt. The silver doesn't need to be appraised, it's just silver and is worth what silver is worth.

Are pictures of the entire collection acceptable as proof of ownership? At least with the firearms, I had serial numbers and receipts. What else should I do to make sure I am covered?

Thanks!

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