Do you have some old coins that you want to sell, but don't know where to start? All too often, people who aren't collectors fail to get the best price when selling old coins. This guide will help you become an informed seller and know if you're getting a fair price for your old coins.

WHAT TO DO BEFORE SELLING YOUR OLD COINS

Determine How Rare Your Old Coin Is

The Whitman "Red Book" Guide to US Coins can give you a general idea of the relative rarity of your coins. The prices listed are outdated, but the difference in prices between your coin's date and other dates will give an indication of how rare they may be. Use the information in the Red Book to sort your coins by denomination and rarity.

Always be careful with your coins. An additional scratch or nick can take tens or even hundreds of dollars off a rare coin's value. No need to throw money down the drain by being careless.

When it comes to old coins, cleaning counts as damage as well. A coin stripped of its patina may be shiny, but it is also lifeless. Coin collectors will pay much less for a cleaned coin, if they buy it at all.

Identifying what types of coins you have is an important first step.

Find Out the Condition of Your Old Coins

You need an idea of the condition (grade) of each coin before you can determine how much they may be worth. The Professional Coin Grading Service (PCGS) is one of the top coin grading companies in the world. You can use their Photograde™ Online resource to establish the approximate condition of your coin.

If there is any question in your mind about the grade of your coin, round down. If one side is worse than the other, go with the lower grade. Anyone you sell your coins to is going to do the same thing. Err on the side of caution to avoid disappointment later.

Find the Value of Your Old Coins

After determining the condition of a coin as best you can, start researching its value. The CDN Greysheet offers recent retail values for US coins in each grade. CDN's Greysheet and Greensheet are the most trusted price guides in the industry, make money old coins. Greysheet prices are just guidelines though, and local prices may differ.

Keep in mind that these prices are retail - what you would pay for the coin at a dealer. You will be offered the wholesale price so that the buyer can make a profit. Coin dealers have to eat, too.

Pro Tip: Make money old coins Certifying Your Coins

If your old coin is sealed in a clear protective case labeled with the coin's information and a grade, all the work has been done for you! Your coin has been authenticated and graded by a professional coin grading service.

Certified S $20 American Double Eagle gold coin make money old coins AU58 by NGC

The two largest and most popular of these "third-party grading services" are Numismatic Guaranty Company (NGC) and Professional Coin Grading Service (PCGS).

Coins that have been graded and sealed in a protective "slab" by these two companies have higher liquidity and often sell for more, compared to ungraded coins.

Where to Sell Your Old Coins In Person

Now make money old coins you have an idea of what your coins may be worth, it's time to decide where to sell them. Different types of coins have different markets. Your corner coin shop is probably not the ideal buyer for your $ Morgan silver dollar, and a coin dealer with a fancy showroom and gold coins on display may not be the best place to sell Buffalo nickels.

Local Coin Shop

The obvious place to sell your old coins is your local coin shop. They will be your best bet for selling low- to mid-range old coins like Wheat cents, Buffalo nickels, junk silver, and scarce silver coins and silver dollars.

The Gainesville Coins luxury showroom in Lutz, Florida

Check online reviews and feedback for coin stores in your area, and choose a couple to visit. Look over their stock to see if they carry the same type of coins you're interested in selling. These dealers are more likely to want your coins and give you a fair price. Some dealers will note on their website which coins they are always interested in buying.

If a dealer has too many of the type of coins you want to sell, they will likely offer a lower price than a shop that is running short on them. This is why you want to visit more than one coin dealer. Local coin shops are not high-volume businesses, so they try to not keep money tied up in excess inventory.

Tell the owner at the start that you aren't in a rush to sell. If they make you an offer, say you'd like to think make money old coins over first. After visiting a few coin shops, you should have an idea of the prices in the local market. NEVER say that you need to sell the coin immediately. That gets you an instant markdown on the price offered.

Coin Shows

Coin shows offer the chance to meet several dealers at the same time. The largest shows have more than a make money old coins coin dealers set up to buy and sell, make money old coins. This is the place to sell that "valuable but hard to move" coin. Heritage Auctions will often offer free appraisals at major coin shows - another reason to attend.

On the other hand, dealers will be best blog sites to make money 2022 making sales and purchasing coins that are in demand by their customers back home. They might not have the time to devote to carefully looking over your coins, especially if they are busy. That said, if a dealer asks you to come back later, it means that they are interested in your coins. If you have coins that are in demand, you will get make money old coins good price at a coin show, make money old coins.

Look at all the shinies we take to coin shows!

Where to Sell Your Old Coins Online

There are several options available when selling your old coins online. The method you choose depends on your estimate of the value of your coins, make money old coins, and how much effort you want to put into selling them.

EBAY

eBay is one option for selling your coins online, but the high fees and dealing with bidders and buyers personally discourage many sellers from taking this route. That said, an eBay coin auction with clear, detailed photos may bring you more money than you expect.

BULLION Make money old coins bullion and coin dealers are another option to explore when selling your coins. Especially suited for selling bullion and slabbed coins, large online coin dealers are always in the market for old gold and silver coins as well. The big online coin dealers buy a larger range of old coins and larger collections than brick and mortar coin shops.

Some online bullion dealers only deal with large orders, refusing to make purchases of less than $1, Others, like Gainesville Coins, buy your coins in both large and small quantities.

MAJOR AUCTION HOUSES

If you have a popular and valuable rare coin, it might be time to talk to an auction house that specializes in rare coins. Heritage and Stack's Bowers are the two largest players in the rare coin market. Consigning your coins to a major auction house gives them exposure to a global audience of coin collectors, maximizing your chances of realizing the best price.

You should submit your coins to a third-party coin grading service like NGC make money old coins PCGS for authentication before placing them in a rare coin auction. Buyers expect coins in major make money old coins to be authenticated. If yours aren't, make money old coins, they will fetch notably lower prices.

Depending on when you consign your coins, it may be a month or two before they come up for auction. Seller's fees in large online coin auctions can compare favorably with eBay fees, and you don't have to worry about shipping to the buyer.

Places to Avoid Selling Old Coins

There are some places where you shouldn't sell your old coins. Here is the where and why:

• Pawn Shops:
  Pawn shops don't deal with coins, so will pay very little, if they buy them at all. After all, who searches pawn shops for old coins? They don't know how long their money would be tied up in your coin and will price their offer accordingly.

• Jewelry Stores:
  While they may offer the random gold coin now and then, jewelry stores are not in the coin business either. You might be able to sell a coin to them, but you probably won't be getting the best price.

• "We Buy Gold":
  Any business with a "We Buy Gold" sign out front are primarily only interested in coins and jewelry for their metal content. You're unlikely to receive a good price for make money old coins rare coin here.

• "Hotel Room" Make money old coins Buyers:
  These people travel from town to town, setting up in hotels for a few days and placing big ads in make money old coins newspaper guaranteeing high prices for coins, make money old coins. Their goal is to entice people who have inherited old coins to attend the event, make money old coins, banking that they don't know how much their coins are worth.

These people do know how much your coins are worth, but will never tell you that. Many times, they succeed in buying someone's coins for less than the melt value. It should go without saying that you should never take your coins to bitcoin investor scam uber of these events. No one can claim that all "hotel" gold buyers are shady, but there are too many stories of people being taken advantage of to risk it.

What If I Think My Coin Is REALLY Rare?

If you think you have a highly valuable coin, it might make sense to have it graded and authenticated by a professional coin grading service. The two largest and most popular companies are Numismatic Guaranty Company (NGC) and Professional Coin Grading Service (PCGS.) If you don't want to buy a membership to either grading service, your local coin dealer can submit your coins for you for a fee.

A good way to determine the market value of an NGC/PCGS graded rare coin is by searching recent auction results at Heritage Auctions. Make money old coins is the world's largest coin and collectibles auction house and conducts the official auctions at many major coin shows. Searching their archives of sold coins only makes sense if you have graded (slabbed) coins.

Don't Forget About "Junk" Silver

Dimes, quarters, make money old coins, and half dollars minted on of before were made with 90% pure silver. People saved these not because of any numismatic value, but for their silver content. Known as junk silver, they remain a popular way to make money on the internet in south africa coin collecting and silver investment.

So, don't spend those old silver coins just because they aren't rare! Nearly all coin shops buy 90% junk silver coins. Almost every pawn shop does as well. Since junk silver is sold as a commodity, this is one situation where pawn shops and coin shops are on an equal footing.

90% silver coins usually come in the form of dimes, quarters, and half dollars.

Junk silver is one type of coin that is easy to sell over the phone. Just call around and ask what they are paying for junk silver. Since junk silver is bought and sold for its metal content, there's no worry about missing out on a big payday (unless you didn't go through the coins looking for rare ones!)

One hint: unlike other silver bullion, junk silver is usually bought and sold measured in face value, but by weight. This is because back when money was silver, the amount of silver in coins was proportional to their face value, make money old coins. Five pre dimes have the same total silver content as two silver quarters or one pre silver half dollar. So, when you call to ask how much someone make money old coins paying for junk silver, they will give you a quote of $X "per dollar face value".

Ready to Sell!

Now that you've put in the work, you have a good idea of what your old coins are worth. You know the pros and cons of different coin markets and can negotiate on an equal footing. Good luck on selling your old coins!

Sell Your Old Coins Online at Gainesville Coins

Posted In: blog

How to Get the Most for your Coins

OK you've spent years possibly decades creating a collection, make money old coins. Or maybe you've just inherited a few coins from Grandma, Grandpa, or your Aunt Mildred.

Whatever the case may be you are interested in trading them in for for cash. Let me first tell you what not to do. Don't take them to a pawn shop, don't take them to a "Cash 4 Gold" type of do lpns make a lot of money (unless they are Cull), and for heavens www.oldyorkcellars.com't spend them at face value.

First things first you need to find out how much your coins are worth. After you read this article use our site to manage your coin collection. Other options include picking up the Red Book (link fixed).

Do Not Clean Your Coins! Cleaing them automatically makes them worth less. A coin with a few small make money old coins 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 place to sell them. Rather than posting them on craigslist we suggest you sell them on a coin marketplace, or take them by your local coin dealer.

Let's look 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%% 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, make money old coins. The fees to list and sell a coin on eBay are on the verge of outrageous. Just trust us on this one, make money old coins. 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 www.oldyorkcellars.com this site allows you to sell your coins with low fees. 0% for coins over $1, or 5% for coins under $1, They also offer grading, storage, and a healthy marketplace as of early

Teletrade

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

Heritage Auctions

Found online at www.oldyorkcellars.com Heritage sells is the largest in terms of overall sales. They sell nearly 1 billion dollars worth of items (not just coins) each year. They are the lb koala in the room.

In Closing

We hope that we have how to invest in penny stocks 2022 able help point you in the right 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 sure use our site to manage your coin collection. It's totally free, and very easy to use. It also has a nice feature that tells you how much the what is investing in stocks on cash app total collection is valued at. Best upcoming crypto to invest in for reading.

Find Coin Values

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Thinking about selling some old coins? Maybe you’ve got a coin collection at home you’d like to earn some extra cash by selling, or you’re simply considering diving into the coin selling niche. It can be stressful not knowing where to start, or how to make the most of your coin collection.

But there’s no need to worry; now it’s easier than ever to sell coins online. We’ve put together this quick guide to help you sell old coins and get the most from your coin’s value, make money old coins, regardless of your reason for selling them.

Continue reading as we walk you through the best ways to sell your coins and learn all about selling coins online, make money old coins. In this guide, you’ll find out how to connect with potential buyers, how to get the most from your coins, the best places to sell coins make money old coins, and how to start making sales without having to invest a fortune upfront.

Is Selling Old Coins Profitable?

According to the president of the Professional Numismatists Make money old coins (PNG) organization, even during times of economic uncertainty (like ), the coin selling industry was not affected and continued to exceed monetary sales from previous years. Firms reported selling more than $ million of U.S. rare coins in online public auctions despite the economic impact of last year.

Statistics like this, make money old coins, plus the testimonies from thousands of others benefitting from the selling of coins, make money old coins, speak volumes of the industry’s resilience and sustainability, setting it as a smart one to venture into.

Can You Sell Coins Online? Is It a Good Idea?

If you are thinking about selling old coins, selling them online is one of the best ways to get the most from your coins’ value. There are not many options when it comes to selling coins face-to-face, make money old coins, and some of the ones available can be risky or problematic. For example, going to a coin shop is not always the best option as oftentimes coin dealers offer prices way below the coin’s value, especially if they can tell you are new to the game.

On the other hand, online coin selling helps you reach a wider audience, provides you with the opportunity to advertise your collection on social media, including Facebook groups dedicated to the topic, and allows you to sell your coins on an already existing customer base like eBay or Amazon. Ultimately, selling coins online can help you close deals and get paid faster than if you were to use other methods.

Before You Start Selling Old Coins Online

Before you decide the best route for you to sell your old coins, there are a few things to take into consideration. You’ll probably want to think through things like coin identification, condition, and appraisal before putting your coins out there for sale; this way you can ensure you know how much your coins are worth and avoid under or overpricing.

Identify Your Coins

You must be aware of what kind of coins you have in your possession before you start selling them. Knowing the worth of a coin requires you and the buyer to know the exact history and type of coin that is being sold. Here are a few tips to help you identify what kind of coin you have:

First, check your coin’s date. This is one of the easiest ways that can help you identify an old coin. In the case the date is not there, don’t panic, there are a few other factors that can help you determine a coin’s value.

Check for the denomination. When trying to identify a coin, you can also check for the denomination. This is found on the coin; simply check if it has a face value or not. If it doesn’t, it might be a medallion. These two can be easily confused, with many people thinking they have a silver coin when they have a silver medallion instead.

Check the language. Determine if you can understand the coin’s language or text; this will help you identify the coin’s region of origin. if it happens to be in a language you can understand, it might be from your region or one nearby.

Check the coins’ shape. Coins minted before the late s tend to have an irregular shape, make money old coins. Those printed from  to , for example, have more of a polygon shape, very similar to a circle.

These are all important telltale signs of a coin’s worth, but they are not the whole story best short term investment options australia it comes to coin identification, make money old coins. You should also check for factors like the image on the coin, the coins’ size, make money old coins, thickness and diameter, its condition and more to help you understand your coin collection. All of these are helpful when identifying what kind of coins you have, therefore helping you know how much these can be sold for.

Get Your Coins Appraised & Where Can You Get Them Appraised

Even if you think you’ve identified the kind of coins you have, it is always good, and sometimes necessary, make money old coins, to have an appraiser take a look at them to help you figure out their exact value. This can prevent you from losing money or overpricing your coins, which leads to no sales. An appraiser will analyze each of your coins, make money old coins for shape, condition, etc., and let you know each one make money old coins coins’ prices.

Finding an appraiser

You can find an appraiser by doing a quick online search or asking someone in the industry for recommendations on a trustworthy one. Even make money old coins think you’ve found a reliable appraiser, we advise doing some research before and after appraising your coins to make sure you are getting the most value for what you have. Finding a trustworthy appraiser is not always easy, but you can always consider coin grading companies like Professional Coin Grading Services and Numismatic Guaranty Corporation, which are known for their ethics and reliability.

When it comes to coin appraising prices, it will vary depending on each of your coins’ value. For example, a coin worth $ might only cost you $20 to get it graded, make money old coins, while a coin worth $50, could cost you $ In the end, make money old coins, deciding whether or not to have a coin appraised will mainly depend on the coin’s rarity and uniqueness.

Quick Do’s and Don’ts When Selling Your Coins

If you are new to coin selling, or simply lack experience, you’d always want to take the time to research and educate yourself on the topic to get make money old coins from your coins. Never rush the process and fall for the first deal. Also, avoid cleaning your coins. You should never clean your coins as this could drastically reduce the value of your coins. Last but not least, you’d want to avoid asking coin dealers how much you can get for your coins. This could immediately set you as a beginner, which means you could end up receiving low offers.

How Can You Sell Your Coins?

Now that you have an idea of what kind of coins you are dealing with, it is time to get those sales! We understand your options are many, which can get overwhelming. We’ve put together a shortlist with a few recommendations on how to sell your coins, with one of them requiring nothing make money old coins from you but a computer, yes no need to even leave your bed. We are not joking!

Coin Shops. As we talked about in the previous sections: you can sell your coins for cash at any local coin shop. Just make sure their prices are fair and check with multiple coin dealers before settling for an offer.

Auctions. You can choose to submit your coins to auctions. These tend to happen either online or in person, and can be either locally, regionally, or nationally. Just be mindful that auctions can be unpredictable, and many times you could end up earning less for the value of your coin.

eBay. Consider selling your coins on eBay. Selling online is ultimately your best bet when selling old coins. eBay allows you to introduce your coins to an already existing customer base, exposing your coins to hundreds of potential buyers. You’ll want to make sure to include high-quality images and competitive prices to stand out from other eBay sellers. Just keep in mind that eBay takes a percentage of your sales which can be a problem for many.

Coin Shows. At a coin show, hundreds of people come together to buy and sell coins. You can end up landing a great deal by attending a coin show, although this is not always the case. When it comes to selling coins at a coin show, it will all depend on the buyers attending the show and how well you can communicate with them.

Your Own Website, make money old coins. Although make money old coins of the options mentioned above can work to get your hands on the game, ultimately, you’ll want to have a website if this is something you see yourself diving deep into. Having your own website is probably the best way to start selling coins online; you’ll not only have full control of the prices of your coins but will get the full profit from any of your sales, make money old coins. A website is also a great tool to advertise your business and provide your customers with secure transactions when purchasing any of your coins. Last but not least, if you were to sell your coins on platforms like eBay, with a website you can easily sync it to any 3-party listing.

Setting up Your Coin Shop with Ecwid

If you are ready to get started on selling coins online or are simply looking for a way to expand your brick-and-mortar coin osrs zeah money making, you can easily set up your own site for free with Ecwid. With our free plan, you’ll get a one-page website with up to ten products that can be easily synced to any platform you’d like. There is no experience necessary as you can easily add your products and photos with just a few clicks.

We are a PCI DSS Level 1 Certified Service Provider; all of your payments and transactions data will be safe and securely stored. With Ecwid, there is no need to worry about language barriers, no matter where your customers are from or where in the world they are visiting your store. Ecwid offers over 45 automatic translations for your storefront, making it easy for international shoppers to shop from your store. This is something not many competitors can offer, setting you ahead of the competition.

Ready to Start Selling Coins Today?

No matter the path you choose to sell coins online or face-to-face, make money old coins, always remember to focus on coins that are high in demand, make sure to educate yourself on the topic and identify your coins so you can get the best offer for your coin’s value, and most importantly take it slow and don’t rush things, make money old coins. Become an Ecwid merchant today and get ready to start selling your coins at a price most convenient to you and your buyers, with no need to worry about coin dealers or 3-party fees.

Selling coins online: making money on selling money.
Learn more

Do you want to learn make money old coins about starting a local business?

You have come to the right place if you need accurate and up to date value information about coins.  Our coin value guide has pictures and prices for thousands of rare U.S. coins.  Not only can you get history and auction data about your coin, you can also work directly with any of our coin experts to get straight answers on what your coins are really worth, make money old coins, if they should be graded, and if an auction is the right place to sell them for as much money as possible.

We are here to answer any and all questions.  While we do buy a single rare coin or an entire collection, we may not always be the best person to sell to.  In a situation where we feel like there might be a better or more logical buyer, we can refer that person to you free of charge.  We are in the business of buying and selling coins because we have a passion for coins and the history they represent.  Please give us a chance to share our knowledge with you.

And while you are visiting our coin website, please view the video below to learn a little bit more about Stacks Bowers Coin Auctions.  They are the oldest coin and currency auction firm in The United States.  Many of the coin images on our website are from Stack&#;s extensive archive of tens of thousands of rare coins they have sold in past auctions.

Here’s my fifth and last sure-fire way to make money in coins.

Check out the first four here:  

Cherrypicking. Knowledge is king in collecting. An investor who specializes in a series, especially early coppers, Seated Liberty coins and Morgan dollars, can find rare coins going for a fraction of their value on eBay, in make money old coins auctions and in dealer stock on the bourse floor. Knowing varieties and die states can be immediately and immensely profitable.

Years ago, astute collectors maintained personal notebooks detailing rare varieties. For the most part, make money old coins, that’s no longer necessary.

Large cent collectors have William H. Sheldon’s Penny Whimsy and Walter Breen's Encyclopedia of Early US Cents –.

Morgan dollar collectors have The Comprehensive Catalog and Encyclopedia of Morgan & Peace Dollars by Leroy C. Van Allen and A. George Mallis.

The Cherrypickers' Guide to Rare Die Varieties of United States Coins by Bill Fivaz and J.T. Stanton covers many other denominations.

The trick to cherrypicking is finding value hiding in plain sight.

Rare coins are regularly picked from junk boxes, bourse display cases and even national auctions.

Last year a collector bought the third-known example of a scarce Liberty Cap, Head of cent variety (NC) unattributed from a dealer’s display case on the floor of the gigantic Whitman Coin & Collectibles Philadelphia Expo.

Fellow Coin World columnist and silver dollar variety expert John Roberts is locally famous in Columbus, Ohio, for plucking a $1, VAM variety from a local auction for common-coin money.

In addition to money, successful cherrypicking gives the collector bragging rights. Cherrypicking stories regularly appear in Coin World and online at several websites. Probably of all the ways to make money in rare coins it’s the most fun, make money old coins. And that, at base, is what coin collecting is all about.