5 Steps in Selling Old Coins Online Successfully

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Written By Natasha Jones
I'm Natasha Jones, an avid collector of coins, stamps, and paper money. My passion drives me to seek unique finds, from antique shops to international exchanges. I enjoy connecting with fellow collectors through forums and meet-ups, sharing discoveries and insights. Collecting, for me, is about preserving history and building a community around this shared interest.

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:

Mid-America Rare Coin Galleries


What we like about this website:

  • It will help you to sell your coin to the best dealer.
  • Shipping is covered by insurance.
  • They have a list of wanted coins. You can check it to save time.
  • Free grading opinions

American Rarities


What we like about this website:

  • You can get an appraisal or offer via texting or emailing them, and it’s free.
  • American Rarities offers a fully insured mail-in service.
  • They have a list of wanted coins. You can check it to save time.
  • They provide a personal visit service to appraise and buy your coin.
  • Provide detailed information on how to email and take a picture of your coins.

Northeast Numismatics


What we like about this website:

  • Free insured shipping.
  • Immediate payment via check or bank wire.

Stack’s Bowers Galleries


What we like about this website:

  • They offer generous cash advances to all qualified consignors.
  • They will come to you to appraise your coin if needed.
  • Stack’s Bowers will pay the grading fees at PCGS, PCGS Banknote, NGC, or PMG for the coins you consign to an upcoming Stack’s Bowers Galleries auction.
  • Professional and involved with world record bids for the most expensive sold in an auction.

Heritage Auctions


What we like about this website:

  • They offer guidance on the most secure methods of shipping your coins.
  • Excellent testimonials from satisfied customers
  • It provides a fantastic step-by-step consignment journey detailing what will happen to your coins.
  • Easy to consign your coin
  • Free auction evaluation

Before you go…

Selling old coins online has never been easier than ever before. You can find the best website to sell your coins with some research. You can also get an appraisal for your coins before selling them. Most importantly, do not forget to compare prices before selling your coins. Do you have any other tips on selling old coins online? Let us know in the comment section below!

Check out my next article: “Where to Find Coin Collector Buyers: The Best Places to Sell Coins.

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