Buy and Sell Your OLD Coin
Why Sell Your Coins in a Coin Auction?
We
get this question all of the time: Why should I put my coins in a Coin
Auction? Well, to start, it depends on what coins you have. In some
cases it might not make sense to do a coin auction. Most coins under
$100 in value would be better to sell outright to an auction house
rather than sending it through the auction process. I will give you a
list of why it is best to auction higher value coins.
When you
put your valuable coin into a coin auction, there are a large number of
collectors that will see your lot. Sure eBay has millions of members,
but who goes on eBay to get top dollar for something that is meaningful
to them? Not many people. So when you are looking to sell your coin, go
to the place where collectors will fight over what you have, not to the
place where everyone will try to low-ball you. An auction is run by
specialized professionals. eBay is run by professionals web managers.
Craigslist is run by the people. When you are selling your valuable
inheritance or your grandfather’s coin collection, don’t you want it in
the hands of the most capable people? Coin auctioneers are going to have
much more experience with the type of coin you have as opposed to an
eBay employee or User janedoe99 from eBay. A local coin shop is not
going to pay nearly the amount that a collector will pay. Keep in mind
that local coin shops want your coin at the cheapest price so that they
can have the largest margins. A collectors wants your coin because it
will complete their collection. A person who is looking to complete a
collection will be much more willing to dish out the extra money. On the
topic of coin shops and coin dealers, dealers will look to give you as
little as possible for your coins. They have bills to pay. They need to
keep their doors open and their lights on. So, if you come in with a
$200 coin, expect to be offered $75 so that they can make a large profit
on the coin. That isn’t how an auction house works. Coin auctions
houses will charge the buyer, and sometimes the seller, as premium or
commission. But, since this commission is normally paid by the buyer,
the seller has relatively low cost which will maximize their profit.
So, next time you are looking to sell your coin, remember to not take it to a local coin shop unless you need fast cash now. However, give an auction consideration. You never known what you might be able to get out of your rare coin. We highly recommend Stack’s Bowers Auctions out of California because of their low costs, friendly service, and ease of use.
If You Want To Buy Certified Coin From Dealer
If
you’re looking for a Certified Coin Dealer where you can buy coins,
sell coins, or have your coins appraised, contact PGS Gold & Coin
today. PGS Gold & Coin is a trusted Coin Dealer, certified coin
buyer, coin seller, and coin appraiser in the Chicago area and Midwest
region.
As a Certified Coin Expert and Precious Metal
Specialist, PGS Gold & Coin can buy, sell, and appraise a wide
variety of high-end items. Our retail stores and online store have a
large inventory of rare coins, antique silver coins, U.S. gold coins,
foreign gold coins, silver dollars, type coins, foreign silver coins,
90% junk silver coins, ancient coins, medals tokens exonumia, old U.S.
currency & Confederate currency, foreign currency, gold bullion,
silver bullion, platinum bullion, palladium bullion, rhodium bullion,
diamond engagement rings, loose diamonds, and gemstones. Our online
store inventory includes all of the above plus autographed sports
memorabilia, historical documents, militaria & war memorabilia,
pocket watches & timepieces, comic books, antique toys and trains,
musical instruments, rare stamps, estate jewelry, fur coats, luxury
items, designer handbags and purses, fine wine collections, antiques,
and collectibles. We also buy and sell smartphones, cell phones, iPads,
laptops, video game consoles, and other new in the box electronics.
Also you contact old coin dealer in India.
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