How to Sell Gold Liberty Coins
Issued from 1838 to 1907, American Liberty gold coins are prized by coin collectors. Some are very rare and fetch extremely high prices. Others are moderate in cost even when in excellent condition. If you wish to sell gold Liberty coins, there are several ways to do so including auctioning them on eBay or selling them online. Many people would rather sell Liberty coins in person, however. If that is your preference this guide will tell you how to find a reputable dealer and sell gold Liberty coins at a good price.
- Difficulty:
- Moderate
Instructions
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1
Do your market research. Unlike bullion coins like Krugerrands that are valued mainly for their gold content, Liberty coins are collectibles and most of their value rests in their popularity with collectors. To find out the value of your Liberty coins you need to research what the current market price is for each date and denomination. Keep in mind that the condition of a coin also affects its value, so coins of the same date and face value will be priced differently depending on the amount of wear. Use the link below to see a price list for Liberty gold and other collectible coins.
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2
Locate dealers who will buy your coins. The easiest way to do this is to use the United States Mint’s Dealer Locator. Click the link at the end of this article. When the Dealer Locater page comes up, choose your state from the menu. The Locater will give you a list of bullion and coin dealers in your state along with contact information.
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Get multiple price quotes. Reputable dealers will generally quote you similar prices. However, you may do a little better at one dealer than another. Additionally, getting multiple quotes helps you to avoid being taken in by the occasional unethical dealer.
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Sell your coins. Bear in mind that dealers will discount the price to some extent to allow for their own costs (and a profit margin). In many cases the money you save by not marketing and shipping coins online will offset this—so it’s really a matter of personal preference which method you use to sell Liberty coins. However you choose to do so, keep records of the transaction for tax purposes.
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