Where to Sell Your Coins

Sell Coins

Sell Coins

How to Get the Most for your Coins

OK you ‘ve spent years possibly decades creating a collection. Or possibly you ‘ve just inherited a few coins from Grandma, Grandpa, or your aunt Mildred .
Whatever the case may be you are concern in trading them in for for cash. Let me first tell you what not to do. Do n’t take them to a pawn workshop, do n’t take them to a “ Cash 4 Gold ” type of memory ( unless they are Cull ), and for heavens sake..do n’t spend them at face prize .
First things beginning you need to find out how much your coins are worth. After you read this article use our site to manage your coin solicitation. other options include picking up the Red Book ( link fixed ).

Do not Clean Your Coins ! Cleaing them mechanically makes them worth less. A coin with a few modest dings that has not been cleaned is worth more than a coin that has no dings, but has been cleaned .
once you ‘ve gone through and figured out what your coins are valued at in a healthy market you will need to find a identify to sell them. Rather than posting them on craigslist we suggest you sell them on a mint market, or take them by your local anesthetic mint trader .
Let ‘s expect at the 3 main ways to sell your coins .

  • 1.) Sell to a Coin Shop – Now the coin dealer is going to buy them for less than they are worth, and this is normal. If the guy/gal running the coin shop bought them for fair value then he couldn’t sell them and make a profit. They are running a business, not a charity right? So how much less is the guy going to offer you? Well between 20%-40% less to give a fair range. Please allow the owner to explain why he is offering what he is offering, and if you think something stinks just leave. No big deal. Most shop owners however tend to be fair assuming you go there expecting to receive slightly less than the coins true value. If you are looking to get rid of lots of coins, really fast, then a coin shop may be a good solution. Don’t be afraid to let the owners know (politely) that you are shopping the coins around to various shops.
  • 2.) Physical Auction – You may want to find an auction and see if the auction house is interested in listing your collection. They will of course charge a fee either flat or a percentage of the sale value usually.
  • 3.) Online Auction or Marketplace – This may be the best option in general for those who wish to get the most for their coins, and are not limited by time constraints. Selling your coins one at a time, over months and possibly years is the best way to get the most for your coin or coin collection. But where? We highly advise against using eBay or feeBay as many people call it. The fees to list and sell a coin on eBay are on the verge of outrageous. Just trust us on this one. Unless you are an expereinced eBay user skip them. So where do you sell online? We’ve listed a few sites below that are trustworthy fair alternatives to feeBay.

Fair Coin Markets

Great Collections

Found online at GreatCollections.com this site allows you to sell your coins with low fees. 0 % for coins over $ 1,000 or 5 % for coins under $ 1,000. They besides offer grading, storage, and a healthy market as of early 2013 .

Teletrade

Found online at Teletrade.com this site besides allows you to sell your coins with abject fees, and offers a nice commitment option. They besides offer cash advances, but we are not sure how this works, and so we suggest against it .

Heritage Auctions

Found online at Coins.Ha.com Heritage sells is the largest in terms of overall sales. They sell closely 1 billion dollars worth of items ( not just coins ) each class. They are the 600lb koala in the room .

In Closing…

We hope that we have been able serve compass point you in the justly direction in terms of giving you a better ability to properly sell your coins, and hopefully get as much money as possible for them. again be surely use our site to manage your coin collection. It’s wholly free, and very easy to use. It besides has a courteous feature that tells you how much the your total collection is valued at. Thanks for understand .

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reference : https://coinselected.com
Category : Coin collecting

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