Where to Sell Gold and Silver Coins
If you're looking to have cash by promoting gold or silver cash, you'll want to be sure you investigate your options and only do business with a legitimate coin dealer. When marketing coins, it happens all too often that a pawn shop or scam artist will take benefit of an unaware private seller, if the seller is unacquainted with how much the coin is worth. For this reason, it is well worth the time and hard work to educate yourself on best practices when marketing coins. When you are informed about the value of your coin before heading in to sell to a dealer, you will be very likely to walk away happy with the transaction. Here you will find a comprehensive guide to getting the best price for your coins.
Knowing Coin Beliefs
Never put your coins for sale until you have a reliable understanding of their value. Keep in mind that price and value are two different things. Price is a measure of what you would pay a dealer for that coin, while value is the amount that you should get if you were selling it yourself. So how do you really know what your coin's value is? There might be no absolute number, but the time, mintmark, and condition of your coins will provide valuable clues. You can also weigh your gold money to determine their AGW, or Actual Gold Bodyweight, then multiply that number by the current value of gold per ounces to obtain their burn or scrap value, which will help you determine the lowest price you should accept--don't acknowledge anything drastically below the melt value! And make sure to consider the rest of the factors, like rarity or desirability of the coin, when identifying your base price. You can then individual your collection according to low, medium, and high coin values.
Where to Sell Gold and Silver Coins
Once you have an idea of the value of your coins, you can tackle the question of how to sell gold coins and other items, also to whom. The question of where to sell silver and gold coins actually contributes to several answers:
Local sellers - Skip the junk dealers and pawnshops and look for local reputable dealers that really advertise themselves as coin specialists. Your best choice will be members of NGC or PCGS.
Endroit shows - Local gold coin shows are a great location to find knowledgeable retailers who recognize value when they see it. Ask your community's coin club for information of future coin shows in your area.
Rare coin auctions - If you have rare coins to sell, sales that attract serious enthusiasts can be right upward your alley. Competition can be fierce, which drives prices up; some uncommon coins sell for hundreds or millions of bucks apiece at these activities.
Direct sales to collectors - Collectors know the associated with coins inside and out, with a special eye for rare or particularly desirable items. When you know you have something special, a enthusiast will likely pay top dollar because of it.
eBay- auction web sites may appear like a convenient way to sell cash online, but beware of an uninformed pool of buyers who may make it impossible so that you can command a good price. This coupled with high sellers fees usually makes this an undesirable wall plug. You may want to reserve this option for coins of relatively modest value.
Online coin sellers - These firms are experts at valuing coins and performing fair, efficient purchases. If you're selling rare metal and silver coins, pick an internet dealer who is an expert in those treasured metals.
As you can see, you have plenty of venues for selling your gold and silver money. The next trick, then, is to ensure you choose the perfect dealer.
Getting a Coin Supplier
What qualities should you seek in local or online coin dealers, apart from basic honesty? Here are some things to check:
Reputation- Ask for recommendations from satisfied sellers. When you're eyeing an online seller, do some Web research on coin community forums.
Knowledge- Do the sellers create a clear effort to educate their clientele? Perform they provide guides and other helpful, authoritative documentation?
Selling guarantees - What kind of selling guarantee, if any, can you obtain from the dealer?
Type of value offered - Select a dealer who considers the fair associated with your coins rather than one that will only give you the melt value (or some completely made-up value).
Capacity to value rare gold coins - Not all dealers have got the necessary equipment and expertise for evaluating the cost of rare gold coins. Choose a company that specializes in buying gold and silver cash like Scottsdale Bullion and Coin.
Knowing Coin Beliefs
Never put your coins for sale until you have a reliable understanding of their value. Keep in mind that price and value are two different things. Price is a measure of what you would pay a dealer for that coin, while value is the amount that you should get if you were selling it yourself. So how do you really know what your coin's value is? There might be no absolute number, but the time, mintmark, and condition of your coins will provide valuable clues. You can also weigh your gold money to determine their AGW, or Actual Gold Bodyweight, then multiply that number by the current value of gold per ounces to obtain their burn or scrap value, which will help you determine the lowest price you should accept--don't acknowledge anything drastically below the melt value! And make sure to consider the rest of the factors, like rarity or desirability of the coin, when identifying your base price. You can then individual your collection according to low, medium, and high coin values.
Where to Sell Gold and Silver Coins
Once you have an idea of the value of your coins, you can tackle the question of how to sell gold coins and other items, also to whom. The question of where to sell silver and gold coins actually contributes to several answers:
Local sellers - Skip the junk dealers and pawnshops and look for local reputable dealers that really advertise themselves as coin specialists. Your best choice will be members of NGC or PCGS.
Endroit shows - Local gold coin shows are a great location to find knowledgeable retailers who recognize value when they see it. Ask your community's coin club for information of future coin shows in your area.
Rare coin auctions - If you have rare coins to sell, sales that attract serious enthusiasts can be right upward your alley. Competition can be fierce, which drives prices up; some uncommon coins sell for hundreds or millions of bucks apiece at these activities.
Direct sales to collectors - Collectors know the associated with coins inside and out, with a special eye for rare or particularly desirable items. When you know you have something special, a enthusiast will likely pay top dollar because of it.
eBay- auction web sites may appear like a convenient way to sell cash online, but beware of an uninformed pool of buyers who may make it impossible so that you can command a good price. This coupled with high sellers fees usually makes this an undesirable wall plug. You may want to reserve this option for coins of relatively modest value.
Online coin sellers - These firms are experts at valuing coins and performing fair, efficient purchases. If you're selling rare metal and silver coins, pick an internet dealer who is an expert in those treasured metals.
As you can see, you have plenty of venues for selling your gold and silver money. The next trick, then, is to ensure you choose the perfect dealer.
Getting a Coin Supplier
What qualities should you seek in local or online coin dealers, apart from basic honesty? Here are some things to check:
Reputation- Ask for recommendations from satisfied sellers. When you're eyeing an online seller, do some Web research on coin community forums.
Knowledge- Do the sellers create a clear effort to educate their clientele? Perform they provide guides and other helpful, authoritative documentation?
Selling guarantees - What kind of selling guarantee, if any, can you obtain from the dealer?
Type of value offered - Select a dealer who considers the fair associated with your coins rather than one that will only give you the melt value (or some completely made-up value).
Capacity to value rare gold coins - Not all dealers have got the necessary equipment and expertise for evaluating the cost of rare gold coins. Choose a company that specializes in buying gold and silver cash like Scottsdale Bullion and Coin.