How to Buy Coins in Bulk

Buying coins in bulk is a tried-and-true method for finding valuable collectible coins. Bulk coin collecting can be profitable once you learn about coin identification.

Internet

Many dealers sell bulk coins through their websites. Research the dealer before making any online purchases. Do not forget to factor in the cost of shipping. Begin with small purchases--lots of 100 coins--to determine the dealer’s reliability and the coin quality.

Coin Shops

Buying from a coin shop dealer can be the safest method for purchasing bulk coins. Reputable dealers should be members of a professional association, such as the American Numismatic Association. Before buying, ask to see the dealer’s professional credentials. Buying coins face-to-face allows the buyer to handle the coins before purchasing, a benefit not possible through an Internet dealer.

Coin Shows

Coin shows are held all year long throughout America. You can see the coins before purchase and also pick up tips, make friends and make money. Sellers offer great deals towards the end of the show, as they want to make as much money as possible to cover their expenses. Buying and selling bulk coins is a side business at most coin shows, so be prepared to attend a few shows before getting in on the action.

References

• Collectors Internet: U.S. Coin Wholesale Bulk Lots
• Modesto Coin & Bullion: Bulk Coin Deals
• Coin World

Resources

• American Numismatic Association
• Coin Shows