Welcome to Sell Coins Near Me!
Your Link to the Nation’s Private Coin Buyers, Coin Dealers, and Coin Shops.
Click Here to Sell Gold Coins or Silver Coins Online.
Are You Considering Selling Coins?
If therefore, you have come to the right place ! With decades of know, the creators of Sell Coins Near Me understand that selling one coins or coin collections can be a daunting job. Regardless of if you are a life coin collector or recently inherited a coin solicitation, when it comes time to sell coins you have many options out there. Our goal is to simplify the process for you by laying out a pass path for you to follow and hopefully educate you along the way .
Where to start ? well, this Home Page on Sell Coins Near Me will walk you through the action ! Please take your clock time, browse around, and let us know if we can offer you any aid.
Take the First Steps – How to Sell Coins
Prior to selling anything, you should constantly have a keen awareness of what you have. When it comes to selling coins, there are a draw of factors to take into account. Your coins could merely be worth the value on the confront of them or they could be worth a significant sum of money. Let ’ s take our time and work through getting your collection in order. once you do that, you can then reach out to private mint buyers, coin dealers, and coin shops with a short more confidence and have the ability to solicit offers on your single coins or coin collections .
Separate Your Coins and Document Your Collection
You do not need to be an adept to take this first step. As you look through your coins, separate them based on what they look like. Most United States coins have the appellation listed on the coin – i.e. One penny or Half Dollar. Interestingly, each denomination has changed its appearance over time. What this means is that you can have coins that have the lapp denomination but look completely different. Using the Half Dollar for exemplar, the design of this coin has changed eight times since it was first minted in 1794. The goal of this first dance step is to make documentation much easier for you. What you should end up with is groups of coins that all have the lapp denomination and look the same to you .
now that your coins are separated, it is important to document what you have. Use our Coin Database to match the coins that you have separated with what they are called in the Numismatic ( collector ) global. We have structured our database to begin with the smallest appellation and works its way up. As you will see, within each denomination the type of mint is listed in chronological order .
Here are some quick links within the database to speed up this process for you:
half Cents and Cents
Two and Three cent Pieces
Half Dimes and Dimes
It is easy to document your collection on a spreadsheet such as one you can create in Excel. If you are not calculator grok, you can always hand-write your list of coins. Keep in thinker that, at minimum, you should record each type of coin, the measure that you have of that coin, and the mint that it was produced at. At the bottom of each coin profile in the database there is a link to guides on PCGS and NGC where you can click on the type of mint to discover where the mint scratch is located. If you have a very large collection or simply wear ’ t have time to list each coin that you have, it is crucial that you keep track of at least the types of coins and the quantity of each .
Pricing Your Collection
Let me start with a disclaimer : 99 % of the time you will not receive the value listed in any of the guides that you use for price purposes when you sell coins. The guides are equitable that, a guide for you to establish a scope that you could reasonably expect to receive for a coin. In our have, the guides much show an inflate value to what similar coins have sold for in holocene auctions. That means that if the lead says your coin is deserving $ 500, but, holocene auctions have had alike coins sell for $ 300, more than likely you will be offered somewhere around $ 300 for your mint .
At the conclusion of the day, a coin is entirely worth what person will pay for it. Collectors focus on rarity and condition primarily .
rarity can be looked at as the count of coins that are even available for purchase today. A coin that merely has a few thousand in collectors hands is worth more than a mint that has millions in collectors hands, as you would assume ! The rarity of each mint can be found through the guide links at the buttocks of each mint description page in the database .
circumstance of a mint is a impregnable drive factor when establishing value. Collectors use a Grading Scale that ranges from “ 01 ” to “ 70 ” with every United States coin falling somewhere in this scale. Lower grades peer poor conditions and conversely higher grades mean better condition. here is a link to a normally used resource PCGS Photograde which is a fortune of fun to use .
once you have a becoming theme of what each mint is worth, record that amount on the spreadsheet that you created. It takes years of experience to be able to accurately grade and price coins, but, you have a begin and it will be concern to see how close your estimated values are to what you are offered for them. Feel dislodge to ask questions when selling coins. If you thought a coin was worth $ 100 but you were only offered $ 10 don ’ triiodothyronine hesitate to ask the collector or trader where the discrepancy is. In the future section we will discuss Shopping Your Coins which will cover getting different opinions from multiple dealers .
Numismatic VS. Bullion/90%/Melt Value
When you sell coins, one of the most authoritative things to understand is the difference between numismatics and melt value. A mint produced with a precious metal such as gold or eloquent is deserving at least the respect of the precious metal that it was made with ( melt value ). Numismatics comes into play when there is an extra collector value, or premium, on the mint .
prior to 1965, the majority of United States coins contained either gold or argent. Although there are some exceptions, such as war nickels and Three Cent Silver coins, it is dependable to assume that all coins minted prior to 1965 from a dime to a $ 20 Double Eagle contain either gold or silver and have a fade measure. The melt rate is tied directly to the current Silver Spot Price or Gold Spot Price. Since these coins were made of 90 % of the respective precious metallic, it is helpful to use a current mellow value chart for your coins. here are links to two useful coin melt value charts from NGC : Silver Coin Melt Values & Gold Coin Melt Values. Any selling premium on top of the fade value comes from the Numismatic Value .
Numismatics is the study of coins, newspaper currency, and medals. As mentioned above, the prices that collectors will pay are driven by both the rarity and condition of the coin ( south ). Regardless of the metallic element composition of the mint, many coins have a very high numismatic value. Using a Half Dollar for model, a 1964 Kennedy Half Dollar has the same amount of eloquent in it that a 1921 Walking Liberty Half Dollar has. Based on dissolve value entirely, these two coins are of equal value. The deviation is the Numismatic Value : a 1964 Kennedy Half Dollar is widely available in any discipline and as a result is typically worth just the respect of the silver ( there are some exceptions to this ) ; whereas a 1921 Walking Liberty Half Dollar could fetch thousands of dollars depending on where it was minted and its discipline .
We highly recommend not selling coins or coin collections to Pawn Shops or those that advertise “ We Buy Gold ” such as a local jewelry memory. Although there may be exceptions, most of these establishments purchase coins based entirely on their Melt Value and keep all of the Numismatic Value on the back end in the form of profits. Using the exemplar above, your 1921 Walking Liberty Half Dollar may be worth $ 6 to a Melt Value buyer, but, much, much more to a private coin buyer, mint dealer, or coin patronize .
Selling Your Coins
once you have your collection fairly well documented and an theme of a likely measure for your coins, you can reach out to the secret collectors, coin dealers, and coin shops in your area. Visit our search By City page to find those closest to you .
The easiest room that we have found to sell coins is to call the local secret mint collectors, coin dealers, and coin shops and ask them if you can email them your list of coins. This accomplishes two things : ( 1 ) it will give them an idea of what you have and allow them to make notes prior to your arrival ; and ( 2 ) will save you a distribute of time driving around township. Don ’ t get your feelings hurt if several of the potential coin buyers that you call have no pastime in seeing your coins. They may see from your number of coins that they don ’ deoxythymidine monophosphate carry much value or they may be coins that they don ’ thyroxine typically collect or batch with. In a perfect populace, they look through your list, make notes, and invite you in to make you an offer.
Read more: Coin Dealers: What To Expect The First Time You Meet With A Coin Dealer To Buy Or Sell Coins
significant NOTES : When you sell coins in this fashion please remember two things :
- Most private coin collectors, coin dealers, and coin shops will not make an offer without seeing the coins first hand. It is impossible to judge the condition of a coin without seeing it in person.
- When you send a private coin collector, coin dealer, or coin shop the list of coins you would are considering selling you should always remove any notes that you made regarding your estimated value of the coin. If the coin buyer would typically offer $100 for your coin and you have it marked as being worth $10, you may get a lower offer. Unless you are a long time collector, most likely your estimated values for the coins are not correct – so just leave them off and keep them as a personal reference as you negotiate a price to sell coins.
Where Do Coin Buyer’s Offer Prices Come From?
Bullion/Melt Value Type Coins
When it comes to rigorously Bullion/Melt Value type coins, most places will offer you a percentage of the fade value. For exemplify, let ’ s say that you have a common date $ 20 St. Gaudens in poor condition. Most likely, your coin is worth its mellow rate. In today ’ s global, you will most probable be offered anywhere from 85 % -100 % of the mellow value of the coin for gold coins and 75 % -100 % of the melt value of the coin for silver coins .
Although they are a great resource to give you an theme of value, the price guides from NGC, PCGS, and the identical long-familiar Red Book are not used by most individual coin collectors, coin dealers, and mint shops when they make an propose. There is a monthly, paid resource that most coin buyers use called the Grey Sheet. The Grey Sheet establishes suggested Bid/Sell amounts that are considered more in line with the mint ’ s true value. Most coin buyers will besides check late auction history to establish a honest marketplace respect for the coins .
Category : Finance