OK, you’ve decided you want to sell your coins. Maybe you:
- Want to reallocate your funds
- Need a way to make quick cash via a sale
- Want money to buy another coin you really want
- Want to give your coins to someone else, a coin collector who will really value them
- Are worried about market conditions, the price of silver, for example
- Are pursuing another hobby or interest and no longer want to collect coins
Whatever the case, when it comes to selling a single item or a coin collection, timing can make a big difference in the price you receive and there are a few key questions and options to keep in mind before you take the next step.
How do you find the peak moment to sell?
Whether you’re selling dozens of quarters, hundreds of silver coins or thousands of pennies, first and foremost is the current market conditions. The coin market is constantly fluctuating, based on supply and demand as well as swings in precious metal prices.
If the market is flooded with certain types of rare coins, prices for those coins may be lower than usual. Conversely, if demand to trade a certain coin or series is high, there’s a chance you could sell your collection to one buyer for a premium price.
Another factor to consider is your own financial situation. If you need to sell your collection quickly to raise some dollars for a major expense in your life, such as a home renovation or medical treatment, waiting for the market to improve may not be feasible.
However, if you’re able to hold on to your collection for a while longer, the bottom line is it may be worth waiting for the right time to sell if you have the option.
Timing can also be influenced by knowledge of external factors, such as upcoming auctions or a coin show. For example, if a major coin or antique auction is scheduled to take place in your area, then the economics of supply and demand will doubtless be affected.
Who’s got the time to track gold prices?
This might all sound a little daunting. For instance, most of us don’t have a detailed understanding of market conditions. Even if we wanted to research it, chances are we’d struggle for the opportunity to get into the details. And that’s why consulting reputable coin dealers or coin appraisers is always a good idea.
Here’s a tip for you. If you are thinking of selling an inherited coin collection, look no further than Coinfully. Their people have all the numismatic expertise anyone in your position could possibly need. As a seller, there’s no need to make a time or energy investment elsewhere, or risk a disappointing return.
You simply will not find anyone better placed to explain the values of your coins and whether market conditions make it a good time to make a profit. For years they have helped coin collectors understand a potentially complex marketplace and make the correct choice.
Coinfully can put your coins in front of a global audience
Coinfully is a business with a network of buyers around the world, meaning they will be able to secure a top-of-market offer for your pieces.
Coinfully is a company with everything covered. Their experts will draw on their wealth of experience to give you the best advice you could possibly ask for on your inventory, while, with their online appraisal service, saving you hours and worry at the same time.
In addition, their process is simple, and you’ll get the full range of coin-collecting information you need on things like grade, quality, history and condition. In short, they are a coin dealer you can trust.
If you are looking for a reliable, realistic pricing based on prices buyers are willing to offer TODAY, or just if you have a question about your collection, head to Coinfully’s website.
Schedule a call today.