Coin collecting is often portrayed as a quaint hobby for eccentric individuals. However, wise collectors know it can also mean serious money when it’s time to cash in.
In this blog, we’ll discuss tips on getting maximum returns when you decide to sell collector coins.
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- Don’t Try to Clean Them. While making those old coins shine may be tempting, cleaning or polishing them can drastically reduce their value. Even fingerprints can decrease value, so handle your coins with caution and store them carefully. The patina of age is a significant factor in the value of collector coins.
- Do Some Background Research on Your Coins. Knowing what you have prior helps you set a reasonable price when you sell collector coins. Therefore, be sure to look up your coins in guides like The Official Red Book to identify dates, mint marks, and conditions. This helps you understand their market value and spot rare, valuable errors. For example, a 1955 doubled-die Lincoln penny in mint condition could fetch over $900 on the market!
- Sell to A Reputable Coin Dealer. Do your homework – not all coin buyers are trustworthy. You should only sell to established dealers who are accredited, insured, and have a positive reputation in your community. With their reputations on the line, honest coin dealers are more inclined to grade the condition of your coins accurately and pay fair market prices.
If you want to sell collector coins in the Greensboro, North Carolina area, bring them to our shop today for a fair and honest appraisal. We’d be happy to pay top dollar for them!