How to Sell Rare Coins

How to Sell Rare Coins
Did you collect coins as a child and now have a collection of rare coins that you’re interested in selling? Or, perhaps you’ve recently inherited a collection of old or rare coins from a relative. Regardless of how you acquired your rare coins, they can prove to be very valuable. Furthermore, there’s a broad and diverse market available for rare coins, including rare coin dealers, coin collectors and coin enthusiasts. In this article, we’ll share some tips and provide some do’s and don’ts so that you can realize the full value when the time comes to sell rare coins. Do not clean your coins. Toning, tarnishing, scratches or other identifiable marks on the surface of your coin may be bothering you; however, do not fall prey to the vicious cleaning cycle. Seeking to remove any imperfections on the surface of your coin can significantly reduce its value. Not only will it leave abrasions on the coin, but it will also produce an unnatural patina, which will deter many coin collectors from considering the coin. If you happen to have a cleaned coin in your possession, don’t attempt to clean it any further, as this will likely further devalue an already compromised coin.

Protect your rare coins

If you have a rare coin in your possession, it should be properly protected so that it’s not exposed to the elements. A 2x2 self-adhesive coin holder will usually suffice, but for extremely valuable coins, it’s recommended that you encapsulate them in a hard plastic airtight holder. This will make them less susceptible to the elements and will protect the coin in case it’s mishandled or dropped.

Gather as much information as you can on your rare coins. These days, there's a vast array of resources available for you to learn more about rare coins consisting of any metal content; both domestic and foreign. Pick up a rare coin resource guide or two to familiarize yourself with the prices and market for your particular coins. Find out what the most up-to-date resources are by conducting an online search. Read books and magazines, or visit websites to access other resources that will further your knowledge and give you the upper hand when selling your rare coins.

Search for rare coin dealers that can tell you more about your numismatic coins. Rare or numismatic coin dealers that have a wealth of experience and knowledge should be able to help you find out more about your rare coins and how much they are worth. Conduct an online search for reputable ones in your area. Look for coin dealers that have been around for quite some time and that have positive reviews from satisfied customers. Be sure to inquire in advance as to if there will be any fees to have your coins appraised.

Shop around for the right rare coin dealer. Once you are able to acquire a shortlist of reputable coin dealers, compare prices for your rare coins. Also take into consideration other factors, such as if there will be any fees associated with the evaluation, the coin dealer’s availability, and if you’ll be able to schedule an appointment so that you can conduct your business in private. Be wary if a dealer doesn’t take the time to thoroughly examine your coins, as this is a sign that they may not be willing to offer you top dollar.

Whether you’ve assembled a collection of rare coins or have received them through an inheritance, there are several steps that you can take to improve your chances of a successful transaction. Resist the urge to clean your coins, even if they’re not visually appealing. Make sure that the coins are properly secured by placing them in a coin holder, seek out online and hard copy guides and publications to familiarize yourself with rare coins, evaluate prospective rare coin dealers and select the dealer that is most accommodating, while still paying competitive prices. Following the above guidelines should help you to receive top dollar when the time comes to sell your rare coins. Atlanta Gold & Coin Buyers