How to Work with Coin Dealers to Sell Your Coins

Selling your old coins in Mill Valley, CA doesn’t have to be an intimidating experience. If you’ve hesitated to get your coins appraised and to sell them, you’re not alone—many collectors, especially newer ones, are worried that they’ll be taken advantage of or might let a precious coin get away from them. Once you know how to sell your coins and work with coin dealers, however, it’s a lot easier to meet with dealers and make informed sales.

The role of coin dealers

Do we really need coin dealers? Many experts in the numismatics field say that they perform the critical function as intermediaries between buyers and sellers, providing education and thoughtful appraisals of what a collection may be worth.

When you take your coins to a coin dealer, you’re not just buying and selling with someone who knows the industry well. Often, coin collectors find that they can form a business relationship with their dealer, who will get to know them and what they’re looking for, so that they can give them first dibs on the perfect piece for their collection. Superior dealers will also offer insight into the market and industry, making it easier for you to get great deals and rare coins.

How to choose the right coin dealer

Choosing a reliable, honest coin dealer is important to your collection’s integrity (and your pocketbook). As with any industry, there are unsavory dealers who will take advantage of unsuspecting clients. That’s why it’s important to do as much research as possible, so you understand the current market, what your old coins in Mill Valley, CA are worth and what you should be targeting.

You should also take time to research the dealer themselves—look for word-of-mouth referrals within the community, as well as online reviews from sites like Google and Yelp. Most importantly, look for their professional affiliations, such as membership in the American Numismatic Association or the Professional Numismatists Guild. Members are required to abide by a stringent code of ethics that will help to protect you from making terrible deals.

Another great way to keep up with developments in the industry is to join a coin collecting organization yourself. Many offer regular newsletters and other important sources of information, while introducing you to fellow collectors. The more informed you are about wholesale prices, retail prices and how rare your coins are, the better luck you’ll have in selling.

If you do feel that a dealer has taken advantage of you, you can report them to these professional guilds—ethical matters are taken very seriously, and no dealer wants to harm their own reputation.

Sell your old coins in Mill Valley, CA

Ready to sell part of your collection or have your coins appraised? Collectible Coins & Jewelry offers an easy, informative process, thorough appraisals and great deals. We also offer a variety of precious metals, jewelry, sterling flatware and guns. Call us today to learn more about our buying process and what we’re interested in acquiring.

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