How to sell an old coin

Video: Do You Have Old Coins? Do You Want To Sell Them? Here's What You Do. 2024, July

Old coins often cost a lot of money. This is one of the factors due to which treasure hunting is developing. Therefore, many treasure hunters want to get rich on this. They act in different ways. Some first look for distribution channels, after which they start looking for coins, others, on the contrary, first find coins, and only then turn old coins into real money.

Instruction manual

One of the first thoughts is to search for buyers in places where numismatists (coin collectors) conduct transactions. However, it is not always possible to establish a business the first time. You need a good reputation as a coin supplier so that you are not mistaken for a seller of stolen items. In addition, novice diggers are most often not able to correctly evaluate old coins. Experience is needed here. If you are not a numismatist or even a digger at all, you can’t even approximately evaluate the findings you have.

However, numismatic clubs are mainly located in relatively large cities. If you are a provincial, the Internet will come to your aid. There you can find special auctions where you can also sell old coins. You have the opportunity to independently set prices, guided by the catalog. If no one has bought, just lower the price and put up your coins for sale again.

Coins can also be sold by finding everything on the same Internet as one of the numismatic forums. You can find them by driving the phrase "numismatic forum" or something like that into the search engine. The beauty of these online resources is that you can not only sell old coins there, but also find out their approximate or even exact value, and absolutely free of charge. At these forums there are auctions where everyone can put their coins for sale. If someone does not know the value of the coin, this person can create a topic on the forum with a photograph laid out there and ask him to rate the coin. Having learned its cost, you can put up a lot for auction.

Another good way to sell coins is to create your own website (even if it is on a free hosting). Indicate the prices there, as well as photographs of coins, recommendations, shipping conditions. Put the address of your site in the signature of your profile on numismatic forums to increase the number of potential buyers.