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 so, you have come to the right home ! With decades of experience, the creators of Sell Coins Near Me understand that selling unmarried coins or coin collections can be a daunting tax. Regardless of if you are a life coin collector or recently inherited a coin collection, 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 gain way 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 process ! Please take your time, browse about, 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 acute awareness of what you have. When it comes to selling coins, there are a draw of factors to take into account. Your coins could plainly be worth the respect on the side of them or they could be worth a meaning come of money. Let ’ s take our clock and work through getting your collection in order. once you do that, you can then reach out to individual coin buyers, mint dealers, and coin shops with a little more confidence and have the ability to solicit offers on your single coins or mint collections .
Separate Your Coins and Document Your Collection
You do not need to be an adept to take this first footstep. 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 cent or Half Dollar. Interestingly, each denomination has changed its appearance over time. What this means is that you can have coins that have the same denomination but look wholly unlike. Using the Half Dollar for case, the design of this coin has changed eight times since it was first minted in 1794. The goal of this first step is to make software documentation much easier for you. What you should end up with is groups of coins that all have the same appellation and look the same to you .
immediately that your coins are separated, it is crucial 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 ) world. We have structured our database to begin with the smallest denomination and works its room up. As you will see, within each denomination the character of coin 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 penny Pieces
Half Dimes and Dimes
Read more: Coin Master – Wikipedia
It is easy to document your collection on a spreadsheet such as one you can create in Excel. If you are not computer understanding, you can always hand-write your list of coins. Keep in mind that, at minimal, you should record each type of coin, the quantity that you have of that coin, and the batch that it was produced at. At the bottom of each mint profile in the database there is a associate to guides on PCGS and NGC where you can click on the type of coin to discover where the mint mark is located. If you have a very big collection or simply preceptor ’ t have time to list each mint that you have, it is authoritative that you keep racetrack 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 just that, a guide for you to establish a range that you could reasonably expect to receive for a mint. In our experience, the guides often show an hyperbolic value to what alike coins have sold for in holocene auctions. That means that if the guide says your coin is worth $ 500, but, late auctions have had similar coins sell for $ 300, more than likely you will be offered somewhere around $ 300 for your coin .
At the end of the day, a coin is only 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 still available for purchase today. A mint that lone 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 lead links at the bottomland of each coin description page in the database .
circumstance of a coin is a impregnable drive component 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 equal poor conditions and conversely higher grades mean better condition. here is a connect to a normally used resource PCGS Photograde which is a lot of fun to use .
once you have a properly theme of what each coin is worth, record that sum on the spreadsheet that you created. It takes years of experience to be able to accurately grade and price coins, but, you have a start and it will be concern to see how close your estimated values are to what you are offered for them. Feel free to ask questions when selling coins. If you thought a coin was deserving $ 100 but you were only offered $ 10 don ’ thymine hesitate to ask the collector or principal where the discrepancy is. In the next segment 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 crucial things to understand is the remainder between numismatics and mellow value. A coin produced with a precious metallic element such as amber or silver is worth at least the value of the cherished metallic element 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 aureate or ash grey. Although there are some exceptions, such as war nickels and Three Cent Silver coins, it is safe to assume that all coins minted anterior to 1965 from a dime to a $ 20 Double Eagle hold either gold or silver and have a mellow value. The dissolve prize is tied directly to the current Silver Spot Price or Gold Spot Price. Since these coins were made of 90 % of the respective valued alloy, it is helpful to use a current thaw value chart for your coins. hera are links to two useful coin melt value charts from NGC : Silver Coin Melt Values & Gold Coin Melt Values. Any selling premium on acme of the melt value comes from the Numismatic Value .
Numismatics is the study of coins, wallpaper currentness, and medals. As mentioned above, the prices that collectors will pay are driven by both the rarity and condition of the mint ( south ). Regardless of the alloy composition of the coin, many coins have a very high numismatic prize. Using a Half Dollar for exemplar, a 1964 Kennedy Half Dollar has the lapp sum of argent in it that a 1921 Walking Liberty Half Dollar has. Based on thaw value alone, these two coins are of equal value. The deviation is the Numismatic Value : a 1964 Kennedy Half Dollar is widely available in any condition and as a solution is typically worth barely the value 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 condition .
We highly recommend not selling coins or coin collections to Pawn Shops or those that advertise “ We Buy Gold ” such as a local jewelry shop. 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 exercise 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, coin dealer, or mint shop .
Selling Your Coins
once you have your collection fairly well documented and an mind of a likely respect for your coins, you can reach out to the private collectors, mint dealers, and mint shops in your area. Visit our search By City page to find those closest to you .
The easiest way that we have found to sell coins is to call the local private coin collectors, mint dealers, and coin shops and ask them if you can email them your tilt of coins. This accomplishes two things : ( 1 ) it will give them an mind 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 town. Don ’ t get your feelings hurt if respective of the potential mint buyers that you call have no sake in seeing your coins. They may see from your list of coins that they don ’ thymine carry much value or they may be coins that they don ’ metric ton typically collect or bargain with. In a perfective populace, they look through your list, make notes, and invite you in to make you an propose.
Read more: Coin Master – Wikipedia
crucial 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 share of the dissolve prize. For example, let ’ s say that you have a common date $ 20 St. Gaudens in poor people circumstance. Most likely, your coin is worth its melt value. In today ’ s world, you will most likely be offered anywhere from 85 % -100 % of the mellow prize of the coin for gold coins and 75 % -100 % of the melt value of the mint for silver coins .
Although they are a great resource to give you an theme of value, the monetary value guides from NGC, PCGS, and the very long-familiar Red Book are not used by most private mint collectors, mint dealers, and coin shops when they make an offer. 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 production line with the coin ’ s true measure. Most coin buyers will besides check recent auction history to establish a fairly market value for the coins .
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