If you’ve got some valuable coins laying around, maybe from a collection or some that you just stumbled on, here are some ways that you can get money for your treasures.
Local Coin Dealers
If there’s a reputable coin dealer in your area, this might well be your best option. It’s a fast, convenient way to get money for your old coins. Be sure to work with a dealer who has been in business for awhile, rather than a storefront that has just popped up. Check to see if the dealer has any sort of internet presence and be sure to read their reviews. You mightn’t get the best price for your coin at a dealer, since the dealer most likely needs to factor in overhead costs (rent, electricity, etc.) when making you an offer.
Coin Shows
Coin shows are a great option if you don’t need cash immediately for your coins. This is because shows usually occur once or twice a year in a city. People travel from far and wide to set up at these types of events, so you will have the opportunity to meet many dealers in one location. This will allow you to comparison shop to see who will give you the best price for your coins
Online Dealers
Selling from the comfort of your home is a great benefit of utilizing an online dealer. Online dealers generally give a fair price and you can quickly and easily get quotes for your coins. Check and see if the dealer you opt to work with has positive reviews and a reputation for being honest. Make sure you understand how and when payment will take place. When you ship your coins to the dealer, it’s wise to insure the package and get tracking information for it.
Pawn shops are another convenient place where you can sell your old coins. Do your homework ahead of time to see which pawn shops are apt to give you the best price. If you have a very valuable coin to sell, the pawn shop mightn’t be your best option. Most don’t have a coin appraiser on site.
Online Auction
Consider selling your coins on an online auction site. This will give you exposure to potentially millions of customers with minimal effort on your behalf. If several buyers are interested, the competing bids will drive the price of your coins up. You’ll have to pay a seller’s fee, however, which will eat into your profits.
