Best way to sell valuable coins8/6/2023 Auctions, both live and online, work well for large and diverse collections as well as individual rare coins.However, stay away from “we buy gold” stores and pawn shops, as you’ll likely only receive a fraction of the coin’s value. This may be a good option once you’ve removed the rare coins from your collection and are content with receiving the melt value of your coins. Scrap dealers, if you have “junk” silver coins.While you may get a high price, the process can take a while and you will be taking the risk of doing business with someone you don’t know. There are always collectors searching for a specific coin or distinct type of silver coins, and many create listings in forums, social networking websites, coin collector communities online and elsewhere. Coin collectors, if you have rare, collectible coins.Also be sure that all fees are agreed to in advance, as you don’t want any surprises after the fact. Proceed with caution, however, and only complete a transaction with a reputable online broker. Online brokers, who can make it easy to sell coins online.Additional options you may consider include: Turning to coin dealers is not your only option, however. Keep in mind that dealers will buy at wholesale prices, not retail. You can research coin dealers through the Better Business Bureau, trade associations, online review sites and more. In general, selling to a dealer is much safer than selling to an individual especially when selling a valuable collection. Be sure to look for dealers that are members of reputable organizations, such as the American Numismatic Association and Better Business Bureau, to give you some recourse and ensure that they are following a strict code of ethics in the transaction. Reputable coin dealers also provide appraisals and evaluations of your coins, an important service if you have valuable coins. You may wish to make several smaller sales with the dealer prior to selling a larger collection or more valuable silver coins to confirm that the dealer is knowledgeable, transparent, and offers competitive rates for your silver coins. While you’ll have no trouble locating plenty of coin dealers, finding one who is qualified and honest is a bit harder. However, the truth is, not all coin dealers are equal – we’ve seen this first-hand. However, not all options will bring you the highest value, and you may be left trying to strike a balance between a fast, easy transaction and the most profitable option.Ĭoin dealers are still a popular choice among investors and collectors ready to sell a collection. Thanks to the rise of the internet, you now have more options than ever when you want to sell silver coins. We’ll expand on what we covered in our previous article to discuss where to sell your coins after you’ve determined what you have. You can learn more about this step in a previous article, How to Determine Value When You Sell Silver Coins. Before attempting to sell silver coins, you’ll need to organize your collection into collectible and rare coins commonly referred to as “numismatic coins,” and those that will sell primarily for their silver value.
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