The recently established resource theory of quantum coherence allows for a quantitative understanding of the superposition principle, with applications reaching from quantum computing to quantum biology. While different quantifiers of coherence have been proposed in the literature, their efficient estimation in today’s experiments remains a challenge. Here, we introduce a collective measurement scheme for estimating the amount of coherence in quantum states, which requires entangled measurements on two copies of the state. As we show by numerical simulations, our scheme outperforms other estimation methods based on tomography or adaptive measurements, leading to a higher precision in a large parameter range for estimating established coherence quantifiers of qubit and qutrit states. We show that our method is accessible with today’s technology by implementing it experimentally with photons, finding a good agreement between experiment and theory.