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How do I sell my coin collection?

So you’ve decided to sell your coin collection. Maybe you’ve inherited a coin collection and don’t know what to do. You could be a novice coin collector just trying to make a little money from your old coins.

Whatever your reasons, selling your coins can be a nightmare when you don’t know what you’re doing.

At Sell Coins Near Me, we know this feeling all too well. You’re not the first person to feel frustrated and overwhelmed with so much information to digest and all the different options out there. We’ve been helping people just like you for decades to find the right coin dealer to help.

We want the process to be as simple as possible, and with the right dealer, it will be. That’s why we only direct you to dealers whose character and transparency we can personally vouch for.

You deserve the peace of mind that comes with being in capable and reliable hands when it comes to selling your coin collection.

With that said, some people prefer to go the DIY route and sell their coins themselves. Effectively ‘cutting out the middleman’, it’s definitely possible to sell your coin collection yourself if you’re willing to put in the time, work and research.

Coin Shops

For many, venturing into the local coin shop is the first port of call when it comes to selling a collection. You can walk in with your coins, discuss them with a shop owner or appraiser, and potentially receive an offer on the spot. This process can be appealing, especially if you’re looking for a quick resolution and don’t mind letting go of your collection quickly.

It’s worth bearing in mind that coin shops operate with a profit margin in mind. The price they offer will likely be lower than the full market value of your collection. While this might work for smaller collections or common coins, it might not be the best option if you have valuable or rare pieces.

Here are some things to keep in mind when considering selling to a coin shop:

  • Research your collection beforehand: Having a general understanding of the potential value of your coins will help you gauge the fairness of the shop’s offer.
  • Shop around and compare prices: Don’t settle for the first offer you receive. Get quotes from multiple shops to ensure you’re getting a fair price.
  • Negotiate the price: While coin shops typically have some wriggle room, be prepared for the fact that they might not significantly increase their initial offer.

Coin Auctions

If you’re looking to potentially maximize the value of your collection, venturing into the world of coin auctions can be an exciting, albeit longer, way to go. Putting your collection up in an auction house allows you to tap into a wider audience of serious collectors and enthusiasts, both locally and globally.

This increased exposure can ignite fierce bidding among these collectors, potentially driving up the final selling price of your coins.

The auction process itself involves working closely with the chosen auction house’s experts. They will meticulously value your collection and determine the most suitable auction for your specific pieces, ensuring they reach the right audience.

The auction house handles the marketing, presentation, and logistics of the entire process, taking the burden off your shoulders.

It’s easy to get caught out by auction fees. Typically, they include a percentage of the final selling price as a consignment fee and all sorts of additional insurance costs. You’re also facing long selling timeframes, often taking weeks or even months to complete the process from consignment to final sale.

If maximizing the value of your collection is your primary goal, and you’re comfortable with a longer timeframe and the associated fees, exploring coin auctions might be worthwhile. After all, your coins will likely fetch a price fitting of their true worth.

Selling coins online

Platforms like eBay or specialized coin forums connect you directly with individual buyers, giving you more control over the selling process. Think of it as setting up your own online shop – research is key to setting the right price, taking good photos is a must, and handling transactions requires a keen eye. But the potential rewards, like setting your own terms and maximizing profits, can be worth their weight in gold.

Using a professional coin appraisal service

Feeling overwhelmed by the options? We understand. That’s why we always recommend selling your coins with Coinfully. Coinfully is a family firm built on a shared passion for numismatics and coin collecting.

Their expert appraisers offer a quick and convenient way to get a reliable valuation, all from the comfort of your own home. They’re like your personal Sherpa in the coin-selling journey, guiding you through the maze and ensuring you don’t miss any hidden treasures.

Yes, there are plenty of coin dealers out there, but do they all deliver on what they promise? Every single one is a ‘dealer you can trust’, but how do you know without proof?

With their global network of buyers, backlog of positive reviews, and clear appraisal process, Coinfully gives you the reassurance you’re looking for to make the most out of your coin collection’s potential.

Remember, the best appraisals leave you informed, not pressured. Seek honest and transparent experts who educate you about your collection and guide you through the process, not towards a quick decision. When it comes to selling coins, knowledge is power. When the value of your coins is at stake, why wouldn’t you rely on the experts?

If you’re looking for a fair and realistic valuation of your coins based on prices buyers will pay today, schedule a call with Coinfully now.