You recently came by a collection album for coins while going through the things your grand parents left you. You are person with little to knowledge or interest in coins and simply want to sell them for their value. Most of the time you do not even take the time to learn about their cons and this is going to cost you big bucks if the coins hold great worth. A little knowledge before you end at local coins buyers goes a long way in getting the best price for your asset. Now, that you have started looking on the internet and then, search for a reputable source to sell them, you will be ping ponged around while desperately searching for someone who would tell you what you want to hear. You start thinking about your new found fortune and what all can you do with the money you get, but, the ideal would be start with keeping a realistic and open mind.
Educate yourself about the coins you have and refrain from doing these five things–
- Do not clean your coins: If you own rare numismatic coins, clean them reduces its value. Although it derives value from its silver content and you do not lose much by cleaning the coin but, it is not worth it. If you think about it, money goes wherever a person goes. So, it can acquire dirt, grease, tarnish or tape. But, cleaning the coin more often than not, reduces its value. Dirt can be a problem when it covers the surface of the coin. However, it is better to consult reputable coin dealers before you decide to polish your coins.
2. Don’t wrap the coins: Plastic wraps and aluminum foil are equally troublesome and it best not to wrap your coins. No matter, how much you want to sort them out and tape them in little packets, it would be a waste of time when you want to take them out and sell.
3. Don’t take coins out from the album that was assembled by a collector: If your coins are already in a book, keep them that way as it is easier for antique coin buyers to search for key or rare dates in them. Additionally, they have much greater chance of being more than their metal value.
4. Don’t sort them by date: Coins are appraised by separating them on the basis of composition. If possible organize your coins after making a visit to antique coin shop where they can tell you if they have a group list to organize the collection.
5. Don’t itemize your collection on document or spreadsheet: Buyers need to see your coin to judge the condition and value so, a spreadsheet with the information just won’t do no matter how thorough and complete. This makes it a lot easier to reach your local coin buyers without having to do much more than some research that would point you in the right direction. For a new treasure hunter like you, selling your coins do not have to be a burden if, you work with buyers who are accredited and reputed.
