How to Sell Gold Coins in Boston

It has never been easier to sell your gold coins in Boston. Simply get out your "Yellow Pages" and you'll find literally dozens of pawn shops, coin dealers and gold bullion buyers all over Boston.In addition to all of the local buyers for your gold coins, there are literally hundreds of Internet buyers who are anxious to trade you cold, hard American dollars for your gold coins.Some gold coins, especially older ones minted for general circulation, may have a far greater collectible value than simply the value of their actual gold content. In this case you would be well advised to sell your coins to a coin dealer or to sell them at auction.

Difficulty: Easy

Instructions

Things You'll Need:

• Phone Book
• Internet Connection
• Pocket Calculator

How to Sell Gold Coins in Boston

1. Determine what type of gold coins you want to sell. There is a great difference between selling old gold coins that were minted for general circulation and selling Krugerrands or Maple Leaf "coins" that were minted solely for their gold content.

2. Contact local coin dealers or auction houses if you plan to sell old gold coins minted for general circulation as these coins may have a value to coin collectors that far exceeds the value of their raw gold content. To find out what the current value of your collectible gold coins is please follow the link below under Additional Resources.

3. Compare prices being paid for non-collectible coins locally by contacting pawn shops and coin and bullion dealers that you find in your local Yellow Pages. Prices for South African Krugerrands and for Canadian Maple leaf gold coins will be easy to compare. Dealers should have no qualms about quoting prices over the phone. Keep in mind that the price of gold fluctuates on a minute-by-minute basis, so prices quoted will reflect the current spot price for gold.One way to make price comparisons easier is to ask what the discount is off of the current spot gold price--the dealer with the smallest discount will be your best bet.

4. Check out prices being offered for gold coins by Internet buyers. Internet prices may be slightly higher or lower than local prices. Take into consideration shipping and the time necessary for your coins to reach their destination and for you to receive payment versus the speed and convenience of selling your coins locally. When you sell your coins locally expect to be paid instantly.

5. Weigh all factors to arrive at your choice for the best place to sell your gold coins in Boston and then go ahead and make the deal.

Tips & Warnings

• If selling to a private party do not meet at your home. Arrange to meet at a local coin dealer's shop and insist on a cash payment. Payments by check, even by certified or cashier's checks, are suspect. There are a large number of forged cashier's checks floating around the market place so a cashier's check affords you absolutely no assurance that funds will be available.

Resources

• Learn the value of your collectible gold coins

[fliver]

on 3/23/2009 Whoops, sorry, that link is http://SilverAndGoldExchange.com thank you for the heads up Frank.

[fliver]

on 3/23/2009 The Silver and Gold Exchange has a Registered Agent based in Boston. You can see exactly what they pay before you call right on their website at http://SilverAndgGoldExchange.comThey definitely pay more than any pawn shops, jewelers, or antiques dealers as well as the online-only outfits that use heavy advertising. I have sold to them several times now and have been very happy with the result. They pay cash on the spot.