How to Sell a Coin Collection
Now that you've amassed your coin collection, you're thinking about selling it. In a world where you can buy and sell just about anything on the Internet, selling your coin collection might seem easy. But before you sell your collection, there are some things to consider first, to help you get a fair price for your coins.
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Instructions
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Examine your coins closely and prepare a detailed inventory. Many sellers don't take the time to research their coins and, as a result, they jump at the first offer they receive without knowing whether it's actually a good offer or not.
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Research the grading and pricing of your coins to give you a general idea of the market. Keep in mind that even if you see prices for your coins, the prices will vary because the market, which fluctuates, determines them.
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Investigate a number of coin dealers before you decide on the one you want. You can use the yellow pages if you want a local dealer or you can find a company online. Either way, research your dealers to narrow it down to a few. Then interview them all to narrow it down to one.
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Review the offer from the dealer carefully before agreeing. If you mail your coin collection to a dealer, you can negotiate with the dealer to send the money before you mail your coin collection. In exchange, offer the dealer a grace period to return the coins if the dealer isn't satisfied.
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Package your coin collection carefully when you transport it to the dealer. The condition of your coins is a factor in pricing them, so you don't want them bouncing around and getting roughed up. If you mail your coins, insure them.
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Tips & Warnings
When you prepare your inventory, it helps to sort your coins with rare dates and mint marks from the common coins. Rare dates and mint marks command higher prices, so you don't want to mix them in with the other coins.
Dealers are more likely to treat you and your coin collection with better care if you show some knowledge about your coins and the market.
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