Try These 3 Ways to Sell Your Old Coin Collection Online for the Right Price Today
Do you have an old coin collection just wasting away in your home? Did your father or grandfather or great aunt have a coin collection that you’re not attached to? Is it time to put your coin collection knowledge to use for profit? If you have the energy and the time, then anything’s possible. Here are a few tips on how to sell a coin collection.
Preparing for the Sale
To begin, you should definitely organize your coin collection. Before knowing where to sell silver coins, you should know exactly what you have. You should pick apart the coins in your collection and separate them. You should separate the US coins by denomination, quarters, pennies, dimes, nickels and dollars. Then group by type for instance mercury dimes vs. Roosevelt dimes etc. Then any foreign coins you may have.
Then you should go for the normal and commemorative coins. Once you’ve separated them in to these categories, you can go by date. You don’t necessarily need to go by year, but going by decade is a good idea.
It’s best to get a few small boxes, coin flips, tubes and labels to fully separate the coins. This way the coins won’t mix again or damage each other and you won’t have to repeat the process.
Having the Coins Appraised
Get a professional to do this. If you don’t have much experience with appraising coins, you are bound to make mistakes. A professional will judge the coin by its intrinsic, numismatic and collector’s value. He/she will assess it for damage and will classify it according to the Sheldon scale.
This will help you get a better sense of what to charge for the coins. This is a crucial part of how to sell a coin collection.
Selling Coins Nearby
Locally selling coins is sometimes easier way to offload your inventory, but make sure you don’t get taken advantage of. You can sell for cash and sell to people within your neighborhoods only if their prices are fair. Check multiple sources to see if the offers are in line with each other. You can use free online offer tool like this. This makes the operation more viable and secures the most profit as well. You can sell to pawn shops, to local jewelers, to coin appraisal experts and to large online coin buyers like cashforcoins.net. If you have a rare enough coin, you can even sell it to museums.
However, selling to pawn shops isn’t recommended. For one, they are known to not appreciate the value of precious items. They likely may not know the detail about the coins that you’re trying to sell them. Sometime they are ok, but usually they lowball the offers.
Selling Coins on Ebay
This is a 50-50 chance. Selling online to the best bid always is. You can either get the best price or a really bad price. Either way, you can try your luck here. Remember there are fees involved with ebay and pay pal, you need to subtract 10%-12% of the sale price to cover those fees.
However, there are a few things you can do to reel in prospective buyers. The first is to write down a great description. It should be accurate description of the coin, about the condition and the year/age of the coins.
The second is to put up high quality images. The third is to publish seller policies like return policies etc. The more straightforward you are with your buyers, the better chance you will have of selling quickly.
Selling Coins to Online Shops
The best thing you can do is to sell on reputable online shops. These are professionals that will be straightforward with you. This is where to sell silver coins if you have any. They should be your first choice. One of the best online coin shops to sell to is CashforCoins.net. They’ll provide you with fair prices and offer you great deals for your old coin collection. With custom quotes for large collections and estates to instant offers for gold & silver coins and Bullion.
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