What to Know Before Selling Your Coin Collection

Whether you need to make some extra cash, you no longer have room or you want to see what your coins are really worth, you should never jump blindly into a coin sale. Knowing how much your coins are worth and what to expect will help you avoid being taken advantage of. Getting a fair deal is easier when you learn these tips to know before you sell your coins in Mill Valley, CA:

  • Try not to appear too eager to sell: Buyers can sense desperation from a mile away, and that will cut into your profits. Even if you need to sell the coins right away, do your best to hide this fact. You could lose up to 20 or 30 percent by appearing too eager to sell. Generally, coins should take 45 to 60 days to sell, which gives you enough time to do your due diligence, find a buyer and give them time to pay (if they need it). The more extensive your collection is, the longer it will take to sell.
  • Timing is everything: You can sell coins all year round, but you’ll probably have the best luck around January and the FUN show, or July and August during the summer ANA show. Typically, it’s harder to get the appropriate amount of attention during the summer months or winter holidays. Planning around these events will ensure you get as many eyes on your collection as possible.
  • Watch for trends: It pays to watch coin collecting trends throughout the year. If you see that a particular coin is going for a lot of money, and you have something similar, it might be worth it to put it on the market. You might get a buyer who is disappointed to have missed out on a major sale, or the market might be oversaturated. Watch the news to see who’s buying what.
  • Leave your old holder coins in old holders: If you’re thinking about regrading a coin, compare it to how much you stand to gain from doing it yourself. If it’s less than twice the current selling price, you’ll probably want to let the buyer take the risk themselves. If it’s more like five times the current price, or you otherwise stand to make a huge chunk of money, you might want to consider regrading yourself.
  • Do your research: Pricing rare coins is a lot harder—most of the time—than selling common issues and generics. You’ll need to do a lot of research to determine what your coins are really worth, including whether they’re CAC-approved, PCGS over NGC and what grade they might be. Look at recent auction records, current selling prices and industry articles to figure out a fair price.
  • Attribute your coins: Finally, take the time to attribute your coins—just in case you find out they’re worth significantly more than you expected.

When you’re ready to sell your coin collection in Mill Valley, CA, stop by Collectible Coins & Jewelry. While you should certainly know the above tips before selling your coins, you can rest assured we’ll make a fair offer every time!

Leave a Reply