Welcome to Sell Coins Near Me!
Your Link to the Nation’s Private Coin Buyers, Coin Dealers, and Coin Shops.
Click Here to Sell Gold Coins or Silver Coins Online.
Are You Considering Selling Coins?
If sol, you have come to the proper position ! With decades of experience, the creators of Sell Coins Near Me understand that selling one coins or coin collections can be a daunting tax. Regardless of if you are a life mint collector or recently inherited a mint solicitation, when it comes time to sell coins you have many options out there. Our goal is to simplify the process for you by laying out a clear path for you to follow and hopefully educate you along the means .
Where to start ? well, this Home Page on Sell Coins Near Me will walk you through the process ! Please take your time, browse approximately, and let us know if we can offer you any aid.
Take the First Steps – How to Sell Coins
Prior to selling anything, you should always have a exquisite awareness of what you have. When it comes to selling coins, there are a draw of factors to take into account. Your coins could merely be worth the value on the confront of them or they could be worth a significant total of money. Let ’ s take our time and ferment through getting your collection in rate. once you do that, you can then reach out to private coin buyers, mint dealers, and coin shops with a fiddling more assurance and have the ability to solicit offers on your individual coins or coin collections .
Separate Your Coins and Document Your Collection
You do not need to be an adept to take this first base measure. As you look through your coins, separate them based on what they look like. Most United States coins have the denomination listed on the coin – i.e. One cent or Half Dollar. Interestingly, each denomination has changed its appearance over time. What this means is that you can have coins that have the same appellation but look completely different. Using the Half Dollar for exercise, the blueprint of this coin has changed eight times since it was first minted in 1794. The goal of this first base footprint is to make software documentation much easier for you. What you should end up with is groups of coins that all have the same appellation and look the lapp to you .
now that your coins are separated, it is significant to document what you have. Use our Coin Database to match the coins that you have separated with what they are called in the Numismatic ( collector ) universe. We have structured our database to begin with the smallest denomination and works its direction up. As you will see, within each appellation the type of coin is listed in chronological order .
Here are some quick links within the database to speed up this process for you:
half Cents and Cents
Two and Three cent Pieces
Half Dimes and Dimes
It is easy to document your collection on a spreadsheet such as one you can create in Excel. If you are not calculator understanding, you can always hand-write your list of coins. Keep in thinker that, at minimal, you should record each type of coin, the measure that you have of that coin, and the mint that it was produced at. At the bottom of each coin profile in the database there is a radio link to guides on PCGS and NGC where you can click on the type of coin to discover where the mint stigmatize is located. If you have a very large collection or just don ’ t have time to list each mint that you have, it is authoritative that you keep racetrack of at least the types of coins and the measure of each .
Pricing Your Collection
Let me start with a disavowal : 99 % of the time you will not receive the value listed in any of the guides that you use for pricing purposes when you sell coins. The guides are fair that, a scout for you to establish a range that you could reasonably expect to receive for a mint. In our experience, the guides often show an inflate value to what similar coins have sold for in late auctions. That means that if the guidebook says your coin is worth $ 500, but, late auctions have had like coins sell for $ 300, more than likely you will be offered somewhere around $ 300 for your coin .
At the end of the day, a coin is only worth what person will pay for it. Collectors focus on rarity and condition primarily .
rarity can be looked at as the phone number of coins that are placid available for purchase nowadays. A mint that entirely has a few thousand in collectors hands is worth more than a coin that has millions in collectors hands, as you would assume ! The rarity of each mint can be found through the guide links at the penetrate of each coin description page in the database .
condition of a mint is a strong drive factor when establishing value. Collectors use a Grading Scale that ranges from “ 01 ” to “ 70 ” with every United States coin falling somewhere in this scale. Lower grades equal inadequate conditions and conversely higher grades mean better condition. here is a yoke to a normally used resource PCGS Photograde which is a set of fun to use .
once you have a decent idea of what each mint is worth, commemorate that sum on the spreadsheet that you created. It takes years of experience to be able to accurately grade and monetary value coins, but, you have a start and it will be concern to see how close your estimated values are to what you are offered for them. Feel barren to ask questions when selling coins. If you thought a coin was worth $ 100 but you were lone offered $ 10 don ’ thyroxine hesitate to ask the collector or dealer where the discrepancy is. In the future section we will discuss Shopping Your Coins which will cover getting different opinions from multiple dealers .
Numismatic VS. Bullion/90%/Melt Value
When you sell coins, one of the most authoritative things to understand is the remainder between numismatics and melt value. A coin produced with a cute alloy such as aureate or silver is worth at least the value of the precious metal that it was made with ( melt measure ). Numismatics comes into bet when there is an extra collector value, or premium, on the coin .
prior to 1965, the majority of United States coins contained either gold or silver medal. Although there are some exceptions, such as war nickels and Three Cent Silver coins, it is safe to assume that all coins minted anterior to 1965 from a dime bag to a $ 20 Double Eagle contain either gold or silver and have a melt value. The melt respect is tied directly to the stream Silver Spot Price or Gold Spot Price. Since these coins were made of 90 % of the respective cute metallic element, it is helpful to use a current melt value chart for your coins. here are links to two useful coin melt value charts from NGC : Silver Coin Melt Values & Gold Coin Melt Values. Any selling premium on exceed of the melt value comes from the Numismatic Value .
Numismatics is the study of coins, composition currency, and medals. As mentioned above, the prices that collectors will pay are driven by both the rarity and condition of the coin ( second ). Regardless of the metallic element composition of the coin, many coins have a very high numismatic value. Using a Half Dollar for model, a 1964 Kennedy Half Dollar has the like come of eloquent in it that a 1921 Walking Liberty Half Dollar has. Based on melt value alone, these two coins are of peer value. The difference is the Numismatic Value : a 1964 Kennedy Half Dollar is wide available in any condition and as a consequence is typically worth good the value of the silver ( there are some exceptions to this ) ; whereas a 1921 Walking Liberty Half Dollar could fetch thousands of dollars depending on where it was minted and its stipulate .
We highly recommend not selling coins or coin collections to Pawn Shops or those that advertise “ We Buy Gold ” such as a local jewelry memory. Although there may be exceptions, most of these establishments leverage coins based entirely on their Melt Value and keep all of the Numismatic Value on the back goal in the shape of profits. Using the example above, your 1921 Walking Liberty Half Dollar may be deserving $ 6 to a Melt Value buyer, but, a lot, much more to a individual coin buyer, coin dealer, or coin shop .
Selling Your Coins
once you have your collection fairly well documented and an estimate of a potential value for your coins, you can reach out to the private collectors, coin dealers, and coin shops in your sphere. Visit our research By City page to find those closest to you .
The easiest way that we have found to sell coins is to call the local private coin collectors, coin dealers, and coin shops and ask them if you can email them your list of coins. This accomplishes two things : ( 1 ) it will give them an idea of what you have and allow them to make notes prior to your arrival ; and ( 2 ) will save you a lot of time driving around town. Don ’ t get your feelings hurt if several of the potential mint buyers that you call have no concern in seeing your coins. They may see from your list of coins that they don ’ deoxythymidine monophosphate carry much measure or they may be coins that they don ’ t typically collect or hand with. In a perfect worldly concern, they look through your list, make notes, and invite you in to make you an offer.
crucial NOTES : When you sell coins in this fashion please remember two things :
- Most private coin collectors, coin dealers, and coin shops will not make an offer without seeing the coins first hand. It is impossible to judge the condition of a coin without seeing it in person.
- When you send a private coin collector, coin dealer, or coin shop the list of coins you would are considering selling you should always remove any notes that you made regarding your estimated value of the coin. If the coin buyer would typically offer $100 for your coin and you have it marked as being worth $10, you may get a lower offer. Unless you are a long time collector, most likely your estimated values for the coins are not correct – so just leave them off and keep them as a personal reference as you negotiate a price to sell coins.
Where Do Coin Buyer’s Offer Prices Come From?
Bullion/Melt Value Type Coins
When it comes to rigorously Bullion/Melt Value character coins, most places will offer you a share of the fade value. For case, let ’ s say that you have a common date $ 20 St. Gaudens in poor people condition. Most likely, your coin is worth its melt measure. In today ’ sulfur populace, you will most likely be offered anywhere from 85 % -100 % of the mellow rate of the mint for gold coins and 75 % -100 % of the fade value of the coin for argent coins .
Although they are a great resource to give you an idea of value, the price guides from NGC, PCGS, and the identical well-known Red Book are not used by most private mint collectors, coin dealers, and coin shops when they make an propose. There is a monthly, paid resource that most coin buyers use called the Grey Sheet. The Grey Sheet establishes suggested Bid/Sell amounts that are considered more in cable with the mint ’ s true value. Most coin buyers will besides check recent auction history to establish a fair marketplace value for the coins .