5 Steps In Selling Old Coins Online Successfully

If you have been selling your coin to your local coin dealer, it can be a challenge selling old coins online.

In this article, we will try to help make the steps simpler for you.

We will also provide some recommended websites where you can sell your coins. Let’s get started!

5 Steps In Selling Old Coins Online:

Ask Yourself, Do You Want To Sell Your Old Coins?

This is because selling coins usually involves risk and some payment upfront.

Appraisal Fee – Some dealers provide free appraisal if you proceed to sell the coin.
Shipping Fee – Although many online dealers now provide free shipping fees, some don’t.
Risk of Losing Your Coin – There is a risk of your coin getting damaged or lost in shipping.

Take A Picture

So you have decided to proceed in selling your old coins online.

Then the first step is to take pictures of your old coins. Make sure that the pictures are clear and taken from different angles.

All online coin dealers need to form an opinion on your coin.

Therefore, well-taken pictures will help buyers better understand what they are buying.

Read The Fine Print

Every website has a sell your coin section on its site. Please read it carefully.

Every website has different steps in accepting your coins.

For example, some websites may request you to send an email with pictures of your coins attached before they can give you an offer.

Some website also has grading criteria that are different from the general standards.

Hence, you must understand the grading system used by the website before sending in your coins.

Some dealers will pay you via bank transfer, and some by checks. So choose the one that suits you carefully.

Get An Appraisal

As mentioned earlier, some dealers provide free appraisals if you proceed to sell the coin with them. If not, you can always find a local appraiser in your area.

An appraisal is necessary because it will give you an idea of your coins’ worth.

It is also helpful in setting a selling price for your coins. Note that the selling price is not always the same as the appraised value.

The selling price is usually lower because dealers need to make a profit.

Hence, do not be surprised if the dealer offers you a lower price than the appraisal value.

Compare Prices

Compare the prices that different dealers are offering before selling your coins.

This is to ensure that you are getting the best deal possible. This is tricky because most sites need to check your coin, which involves shipping and an appraisal fee.

However, some sites usually give a price range according to the pictures you sent.

Last but not least, check the website reviews before selling your coins to them.

Great Websites To Sell Old Coins

All of these websites are a member of the American Numismatic Association. Here are some websites that we recommend: