8 Tips for Selling Your Coins & Bullion | All American Coin Fort Myers Coin Dealer

8 Tips for Selling Your Coins & Bullion

December 21, 20180
  1. First make some phone calls and ask some questions to get an idea how much your items are worth. Prices on bullion related items can be easily shopped this way. The last thing you want to do is to run all around town with your valuables.
  2. Keep your business confidential to protect your security. Deal with someone you feel comfortable with and that you can trust.
  3. Chose the best dealer for you, a full time numismatist. Not some fly -by-night guy or hotel buyers or some guy in a flea market they all pop up when the metals are high to make a quick dollar at your expense. Also avoid jewelers whose knowledge about coins is limited.
  4. Accept only immediate payment. Why risk anything else? Avoid local auctions, your items will be tied up for months, may not sell and the commissions run up to 30%. Attendance at some of these auctions can be disappointing leading to poor prices or no sales tying your merchandise up even longer.
  5. Visit an actual coin shop, not just a guy with an office. A lot of times you can see what your coins are worth by looking at his coins.
  6. Do not clean your coins, you could rub off the original surfaces and luster making your coins worth less and besides that it’s tedious and time consuming.
  7. Don’t buy any new supplies to house the coins that you are going to sell it’s just a waste of money.
  8. Keep an eye on your coins, don’t let them out of your sight why risk it no reason to.