How to sell numismatic gold coins

how to sell numismatic gold coins

Numismatic Coins

Selling gold coins is easy! If you have old gold coins for sale, then we want to buy them. We purchase U.S. gold coins of all types. From $1 gold pieces to $20 St Gaudens, our U.S. gold coin buyers can make you the strongest offer the market allows. Immediate payment is standard. Oct 01,  · These sites are a fast way to sell coins from your own home. You can find sites willing to buy both common and rare coins. Again, keep an eye out for dealers focusing on the kind of coins you’re selling. A dealer of rare gold coins 84%(1K).

Last Updated: January 27, References Approved. This article was co-authored by our trained team of how to care for caladiums and researchers who validated it for accuracy and comprehensiveness. There are 11 references cited in this article, which can be found at the bottom of the page. This article has been viewedtimes. Learn more Check out the steps below to get started!

To sell old coins, take low and medium-value coins to a reputable coin dealer, where you should be able to easily sell them. If you can't find a local coin dealer, try visiting a traveling coin show so you can network with dealers and find someone to buy your coins.

If you have rare coins, save them for auctions and private collectors, who will usually pay more money for high-value coins. You can find auctions and private collectors online through websites like eBay. To learn how to value old coins, keep reading!

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Before you can sell a coin, you need to know what coin you have. These pieces of information will be somewhere on the coin. You can then type them into an online search engine to figure out what coin you have. Coin dealers and collectors may be able to help you, too. The condition of the coin affects value. Look over both sides of the coin again.

Does it look dirty or scratched? Also look for any printing errors, since these often increase the value. Coins are historical artifacts and collectors like them natural. Cleaning can actually damage the coin further. There are plenty of sites online that maintain a list of current coin values. Another option is to go to your local bookstore and order the The Official Red Bookwhich is an official how to sell numismatic gold coins very detailed guide of coin values.

You may not get as much when you sell the individual coins. Monitor auctions to find out how much your coin is worth. More information on coin values can be found by searching recent sales. All sorts of coins pass through sites such as Heritage Auctions.

Search for coins similar to the one you own to get a glimpse of how much others are paying for them. Get an appraiser to value coin collections. Search your local phone directory or online to find a trustworthy coin appraiser or dealer. Use these sites to find trustworthy appraisers.

Group coins by value. Different buyers specialize in different types of coins. Make groups of high, medium, and low-value coins. How you group the coins is up to you, but the easiest way to do this is by wholesale value.

Part 2 of Speak to reputable coin what are the different types of ostomies. Local coin dealers are natural places to visit first when selling coins. When you go to a dealer, look at their stock. Remember that dealers are running a business. Stay polite as you continue to shop around.

Visit coin shows. Coin shows bring together large numbers of buyers and sellers. Search for online coin dealers. These sites are a fast way to sell coins from your own home. You can find sites willing to buy both common and rare coins. How to discipline children with adhd good pictures of the coins to get more interest and fairer offers for your coins.

Work in a well-lit environment so the lettering and mint marks are as visible as possible. Pick up coin collector magazines. Publications such as Numismatic News and Coin World feature advertisements from coin dealers. While the magazines offer enlightening information on coin sales, they may also reveal your perfect buyer. Pick up one in your local coin shop or by looking online. Even if you meet someone in a safe place, this makes your coins a potential target for thieves. Submit the coins to auctions.

Coin auctions happen both online and in person. They come in all sizes and can be local, regional, or national. Try to find an auction that features a lot of coins of similar material to yours, such as copper or silver. Auctions are unpredictable, so you may earn less than what a dealer would pay or you may get an unexpected boost to your sale price. Account for this when determining how much you can make from auctioning a coin.

Auction sites like eBay are also fine, but be wary of scams. Part 3 of Choose buyers who give you a fair analysis. Unscrupulous buyers give low offers in the hopes of getting a better deal. Watch the person evaluate your coins, if possible. They should analyze each coin individually. Avoid anyone who offers you a flat price without bothering to take a long look at the coins. Say no to any buyer who pressures you into selling coins immediately.

Look for dealers with positive reviews and accreditation how to sell numismatic gold coins well-known numismatics organizations.

Have the coins evaluated by many buyers. Shop around to get how to sell numismatic gold coins most from your coins.

Let multiple dealers evaluate their coins and make offers on them. Sell collections as a whole. Many dealers will be interested in only a few coins. Set a price for the total how to build sidewalk forms and stick to it.

Keep documentation of your sales. Even a coin you got for free can cause you legal problems. Your government likely taxes any profit you make off of sold coins. Try researching your local coin and stamp businesses.

If that fails, do an online search of your surrounding area. And if that doesn't work, make a post on social media and share it with your friends. Ask them to share it with their friends. Social media is an extremely powerful resource!

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Mar 30,  · If you are going to buy gold or silver rare coins for their numismatic value, consider being very selective with your purchases. You may want to plan to hold on to those rare coins for at least 10 years before selling, and remember that you cannot use rare gold or silver coins in a precious metal IRA. Numismatic coins operate differently than. If you buy gold coins as an investment and make a profit, you'll have to pay capital gains tax on the gold coins when you sell them. If you hold them for more than a year, you pay the lower long. Although old US gold coins are the most widely-collected gold coins in the world, not all old US gold coins are genuine numismatic coins. Some old US gold coins, primarily Saint Gaudens and $20 Libertys, are, in essence, bullion coins that carry higher premiums than the standard gold bullion coins, such as Gold Eagles and Krugerrands.

The above Banner is a Sponsored Banner. The Silver Forum is one of the largest and best loved silver and gold precious metals forums in the world, established since Join today for FREE! Browse the sponsor's topics hidden to guests for special deals and offers, check out the bargains in the members trade section and join in with our community reacting and commenting on topic posts. By TheApe , May 18, in Gold. Many people are starting to stock up on Gold due to the prospect of financial doom hitting worldwide economies.

There is a potential for a huge uptick in interested buyers if the terrible really hits the fan, that remains to be seen. If I held a large quantity of valuable numismatic coins I would strongly be considering selling in favor of bullion. These kind of coins are unlikely to do well as Gold rises in financial crisis in my opinion. Some owners may be forced to sell their numismatic coins while many struggle to get hold of pure bullion to protect their savings. Collector coins are not likely to see big rises and could even lose value.

I may be off but I see collector coins as a luxury that is afforded by a thriving economy and wealth. A luxury that will go out the windows in a downturn. You may hold on for sentimental reasons but others wouldnt hold same sentiment towards coins, especially all the new entries to the market.

The collectors are less likely to need to sell, so will be locking in these prices for the next cycle. Just started getting into collectables, I think they will be a good hedge against gold falling, just as gold is a good hedge against other stuff falling. How much cool old stuff gets melted every time there is a new high?

These things become intrinsically rarer with each decade! A rising bullion price tends to be a good time to buy the numismatic coins, since their premium relative to bullion tends to be lower in a rising market. But I would say only buy such coins if you genuinely want to own them for pleasure, as opposed to maximising your profits. Well, I have some stocks too, but my thinking is this: the collectability premium overshadows the value of the metal content when prices are low.

The price is bouyed up along with everything else, and the premium dissipates. When price of metals come back down, the premium returns - possibly there will be fewer of them and they could be even rarer. Now seems like a good time to buy fancier, slightly more expensive things as everything seems expensive anyway. I agree, in a SHTF scenario, luxury goods will lose their value.

It's a different question though if numismatic coins fall under this category. I tend to agree but I'm not sure. But who buys numismatic coins for a SHTF scenario?

Completely different markets driven by entirely different things. The liquidity may not be there in troubled times but then maybe it will, I don't see the value of real numismatic coins being in much trouble.

I do see collectors myself included buying coins now that we may have hung off on as there is a risk in my opinion that numismatics coins could get pushed exponentially and artificially up off the back of the frenzy around rising spot and once they are there people won't want to sell cheaper unless they have fallen on troubled times, but you would sell whatever it is you hold in that situation.

People will flock to gold if we see high inflation. Collector coins will be no more valuable than bullion to many. Gold is gold. Interesting read alright but maybe look elsewhere than a collector coin dealer to reinforce your confirmation bias. I'm honestly impartial as a relative collector coin noobie. I only have some sovereigns that are worth a little more premium due to year.

I have little vested interest. I could see expensive collector sovereigns for example, see massive value loss relative to bog standard bullion. I am strongly thinking of dumping the slabbed ones and reinvesting in pure bullion.

I may keep one just to have, but they aren't why I collect. For a full on depression, I'd rather have junk silver I'm U. I mainly stack gold but I do see the value in true numismatic coins I. What good would gold do you? I think i would rather be a pile of dust with my PF70s than live in or wish for the realisation of that world.

Until that happens, economies will recover in one guise or another and true numismatic coins will continue to have worth above their intrinsic gold value. The rest are mostly onzas and Libertads, with a small amount of generic silver. I figure that if I actually need to use it for barter, then the junk silver will be more useful.

As for numismatic vs bullion, last couple of years I've been selling off almost everything that isn't actually needed, and using that money to buy useful things, including silver and gold. That philosophy includes numi vs bullion: if it's not actually building the stack then with certain exceptions the cash going into PMs is focused on bullion. Most serious collectors are not financially desperate enough to have to sell their coins in the event of economic downturn.

I agree that it looks like we have recession ahead of us and gold looks like a good investment, but this doesn't mean there won't still be people with wealth out there. People hit hard by the crisis probably won't be the ones having substantial coin collections I don't believe we'll have a scenario where all 'luxury value' suddenly disappears and all there is left is the intrinsic metal value of items.

There will be winners and losers and real RARE numismatic coins are likely to increase in value as the winners desperately seek to find returns in other areas than equity markets and traditional investments.

I echo the views of Motorbikez, as a collector i will continue to buy the Numismatic coins that add to my specific collection that i have been hunting down for some time. I have no need or reason to sell, however i will now and again sell numismatic coins that i no longer desire and no longer fit into my collection. Even though we are heading for a recession for sure you can still see people snapping up recently released numismatic coins for over three times their issue price and i think this will continue regardless of what happens.

Some people may be hit hard and have to sell coins bullion or numismatic to pay the bills which is unfortunate but that's life.

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Sign in with Twitter. Time to sell numismatic coins. Reply to this topic Start new topic. Prev 1 2 Next Page 1 of 2. Recommended Posts. TheApe Posted May 18, Posted May 18, Going to throw out what may be a little bit controversial. GrahamDiamond , Prophecy and silenceissilver Like Loading Link to post Share on other sites. GrahamDiamond 2, Posted May 18, I have been thinking along these lines also, I agree with you Coinster!!!!!!!

Augustus1 Posted May 18, Posted May 18, edited. GrahamDiamond and cornishrich Like Loading The problem with common sense is, its not that common. Topic Author. Just now, motorbikez said:. GrahamDiamond Like Loading Martlet 1, Posted May 18, Dragonnumis , Chorlton and Stuntman Like Loading HGr Posted May 18, Stuntman Posted May 18, I could sell one of them as bullion for a profit now!

Bxlsteve Like Loading HawkHybrid 1, Posted May 18,

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