selling old coins and medals

This article received 18 testimonials and 84% of readers who voted found it helpful, earning it our reader-approved status. The more information you possess will give you the advantage when it comes time to sell. Once you have your coin collection organized into logical groupings, you can begin the task of cataloging the collection. ", "This article is really helpful to me. Read more. Senator from California, and in 1856 was the first Republican nominee for President of the United States. "Earlier, I didn't know anything about how I could sell rare coins. ", http://www.coinstudy.com/selling-coins.html, https://coins.ha.com/tutorial/coin-grading.s, https://coinweek.com/coins/coin-collecting-strategies-2/ten-tips-for-selling-your-coins/, https://coins.thefuntimesguide.com/appraising_coins/, http://coinsguide.reidgold.com/fraud.html, https://coins.thefuntimesguide.com/sell-old-coins/, consider supporting our work with a contribution to wikiHow. Don’t attempt to clean the coin! Thanks a lot. Using a handbook like A Guide Book of United States Coins is a great start to determining a coin's value. So I got information how to sell at a good price legally. OK, so we’ve covered the cons that you may confront if you sell your old coins. If you inherited a "coin accumulation," then you need to start organizing the collection into some resemblance of order. Category: Information, Research, and Coin Values Category: Information, Research, and Coin Values Category: Information, Research, and Coin Values Category: News & Blogs Category: Information, Research, and Coin Values Category: Information, Research, Buying/Selling, and Coin Values Category: Information, Buying/Selling, and Coin Values Category: News & Blogs Category: Coin Clubs and Social Engagement Category: … wikiHow marks an article as reader-approved once it receives enough positive feedback. Then, research coin dealers and try to find one who regularly deals with coins of similar material and value to the one you have. Put sets (Proof sets, mint sets, collector sets, etc.) ", "I didn't know anything about how I could sell old coins, but this gave me the right direction. Last Updated: October 24, 2020 1961 SHEPHERD DOG CLUB OF AMERICA SILVER MEDAL MEDALLIC ART CO FINE SILVER 52MM. Handle your coins well and you’ll maximize the cash return on your investment. Let's wrap it up and overview the most important step in selling coins. ... 1972 ARCHES NATIONAL PARK UTAH CENTENNIAL HIGH RELIEF MEDAL COIN MEDALLIC ART CO. $20.00. However, if you persist, and do it well, the pay-off is knowing you received the best value for your box of old coins. Buyers prefer coins in their original state. Congratulations! Work in a well-lit environment so the lettering and mint marks are as visible as possible. Very impressive quality coin. Kindle Edition. Selling a coin isn’t a difficult task as long as you’re patient. If you want to sell old foreign coins, American Rarities Coin Company wants to buy them! I have been involved in buying and selling coins and bank notes for over 20 years. However, we can come up with a ballpark estimate of the value of your coins. make careful decisions to sell my coins. The reason they were made in steel was because the army needed copper and they could save lots of copper that way. You've inherited a coin collection, and you would like to sell it. wikiHow's. It answers my questions on the few coins I have to sell. You can purchase ancient coins that are thousands of years old for only a few dollars. Take good pictures of the coins to get more interest and fairer offers for your coins. Determining the grade of a coin can be somewhat tricky, but with a little practice and education, you can estimate the grade of the coin to determine its value. Finally, do not go to a coin show or dealer and ask "How much will you give me for this?" Contact us to find out what your coin is worth today. Coins are historical artifacts and collectors like them natural. Serving customers online for 17 years. Collecting Old Coins for Value and Enjoyment The history of old rare coins and currency is vast and important. Attempting to clean a coin can damage it and lower its value. Malcolm Ellis Coins Coins and Medals are reaching excellent prices now, particularly old quality coin collections and especially hammered gold & silver coins and early milled coinage in gold silver & copper in very fine condition. Coin Collecting: A Beginners Guide to Finding, Valuing and Profiting Tim Harvey. I have a 1942 penny. It covered a lot of the aspects of coin selling and was thorough. 6th August 2020. Free shipping on many items ... or Buy It Now. I have R5 2018 Nelson Mandela coin is it valuable? On average, they are probably worth 7 cents apiece. If you really can’t stand to see another ad again, then please consider supporting our work with a contribution to wikiHow. Many dealers can also handle rare coins, but you’ll usually get more money from auctions or private collectors when selling these coins. OK you've spent years possibly decades creating a collection. Your steel pennies might be worth around 0.50c if it does not have any mint mark. It is only worth a little bit more just because it is steel and it is just a nice collectible. Sell Foreign Coins We Buy Foreign Coin Collections Top Dollar Paid for All World Rare Coins We cannot find enough quality rare foreign coins to fill our foreign coin collector clientele demands. Are they worth anything? Read more. We accept obsolete currency from any country. A professional is available at your side and just as desirous as you for the highest possible selling price (commission based on the final selling price… What is the Wholesale Coin Price Guide that Coin Dealers Use? After reviewing the work that is required to assess the value of your coin collection, and you feel overwhelmed or you do not have the time to complete the tasks accurately, you could pay a professional numismatist to organize, catalog, inventory and value your collection for you. Think long and hard about selling old rare coins, and make sure you aren’t making a move you may regret. This article was co-authored by our trained team of editors and researchers who validated it for accuracy and comprehensiveness. Thank you. $2.99 #50. Social media is an extremely powerful resource! Then, research coin dealers and try to find one who regularly deals with coins … Let me first tell you what not to do. You can also separate the coins based on how worn they are, the metal used in them, or where they were printed. Thanks for your time and consideration for me to get the old coins, "I opened an old slot machine and boy was I surprised. Also, see if there is an inventory/catalog or checklist that the coin collector kept of his coin collection. Thank you for informing me not to rush to sell my, "It's a lot of information, but it paid off! Therefore, the prices that you see in this book will be 30% to 50% greater than what a coin dealer will pay you when you sell your collection. Unless you are on the verge of bankruptcy and you desperately need the cash from this collection, take your time and gather at least a basic understanding of how coin collecting works. If the coin collection was well cataloged and the more valuable coins are easily identified, you may want to separate those coins from the ordinary coins in the collection. However, you must arm yourself with some knowledge and experience in order to avoid the pitfalls of selling a coin collection below its market value. I appreciate it. For this reason, it is well worth the time and effort to educate yourself on best practices when selling coins . Menu. How can I sell my old wheat penny collection for fair price? Consult your local tax laws to find out how to report your. this will help you organize the collection so you can pay particular attention to the higher value coins. The story of Herakles and Omphale. ", "It gave me the knowledge on how to sell my coin that I needed most. – All British and foreign coins – old and modern – Foreign currency – All pre-decimal coins – Silver and bronze coins – Modern coins, proofs, sets and limited editions – Single coins, collections, accumulations – Scrap coins – Charity collection coins and bequests – Medallions, tokens and medals … I have 18th and 19th century coins -- what is the worth of it? All tip submissions are carefully reviewed before being published. First, just because a coin is old does not mean it is worth more. Unfortunately, if you do not have a family member or trusted friend that is familiar with coin collecting, you need to arm yourself with some information and knowledge. By collectors' standards they're not very old, so they're probably not worth more than their face value. To make a profit, they’ll pay you less than the wholesale price. This may provide valuable information when trying to get the collection appraised. If you can't find a local coin dealer, try visiting a traveling coin show so you can network with dealers and find someone to buy your coins. $75.00. It is probably worth around 10 cents. Most medals were issued to commemorative a specific event or person. Depending upon how the coin collection was initially stored, you may need to buy some basic coin collecting supplies to avoid damaging the collection during this process. As you can see, selling coins requires some extra research and legwork. Recently, Sotheby’s 2018 sale of Historic Coins and Medals achieved $5,094,629. Monetary and currency changes have taken place during major world events, including the Civil War, both World Wars and the turn of the 20th century. Be careful where and when you do this and try to maintain secrecy to avoid theft or robbery of the coin collection. Or maybe you've just inherited a few coins from Grandma, Grandpa, or your Aunt Mildred. I found more information that would help. Look at online reviews from other customers or consult the Better Business Bureau to vet the appraiser’s reputation. Folders and coin albums can be placed on the side because most of them are already identified. Have it appraised by a coin professional. Read more. Take some time looking over the coins that you've inherited to familiarize yourself with the variety of items in front of you. I have two 1988 one-cent coins. I started doing research and found this site great info. wikiHow's Content Management Team carefully monitors the work from our editorial staff to ensure that each article is backed by trusted research and meets our high quality standards. The next step is to start identifying the items in the collection and group them into five major categories: The books that are mentioned above will help you identify the U.S. coins in your collection with pictures and descriptions. The coin is not worth all that much it is worth about 50 cents, depending on the current condition. Top 100 Paid Top 100 Free #1. The label on these coins identify the coin with the information that you will need for cataloging and inventorying. You could sell it on eBay for about 50 cents. Approved. I have a wheat penny that's not copper, it's a 1943. First, start by grouping like items into separate containers or boxes. They assume that all 1943 Lincoln cents are valuable coins. Many respectable dealers are members of groups like the American Numismatics Association or Professional Coin Grading Service. 99 (272) It is not silver, but steel. Taking the time to educate yourself will give you the knowledge to ensure that you're going to get the best deal for the coins you're going to sell. Where can I sell Mandela 66/67 coins sets? So you’ve inherited or stumbled upon an old coin and it looks valuable, but you don’t know how to sell it. There are many early American copper coins that sell for hundreds of thousands of dollars. Director’s note: August 2020. Randburg Coin (Pty) Ltd The company was established in 1980 and later bought Bickels Coins which was established in 1964 and incorporated it into the existing operations. To sell old coins, take low and medium-value coins to a reputable coin dealer, where you should be able to easily sell them. Stay polite as you continue to shop around. Include your email address to get a message when this question is answered. Therefore it is best to gather the collection and any supporting documentation into one location where you can start the process of inventorying and valuing the coin collection. Many are very rare and historically important. Account for this when determining how much you can make from auctioning a coin. Thank you very much for, "I want sell old coins from my collection. In my experience, selling your coins in a forced sale can cost you 20-30% or more. You could sell your coins to JM bullion, sell them on eBay or any other online site, or you could take them to a coin dealer. I was blank before I read this. Contact Information How to Purchase Items Listed on this Site Receiving your Goods If you would like be emailed when new stock is added to this site in the future, please send me an email asking for your name to be added to the DCM mailing list. $3.25 shipping. I have a couple of 1958d wheat pennies and some 1944 also and 1946,1956d, 1945, 1942. Currently, you can only send your old coins and notes as part of a parcel with other items we accept. David started collecting coins at the age of nine and has been trading at coin shows since he was ten years old. I totally dig the art work on some of the medals and coins. Pay close attention to the metal composition (copper, gold, silver, clad, etc.) If you are going to sell the coins yourself, it is best to purchase a couple of books to help you on this journey. Look for dealers with positive reviews and accreditation from well-known numismatics organizations. ", "Very knowledgeable for those who need the related information. 3.9 out of 5 stars 20. Medals United States 1856 (ND) John C. Fremont Campaign Medal NGC MS65 $289 22mm. Now I have become patient and know the right, "I did not know that the coin has to pass through many inspectors. Auctions charge both a buyer and seller fee of around 10-15% of the final sale price. ", "It has helped me to understand that real old coin dealers exist! This service can run anywhere from $35-$50 per hour, but you will gain the knowledge and wisdom of a professional coin dealer. You may not get as much when you sell the individual coins. Whatever you do, avoid advertising in your local newspaper. The most beautiful coins of Greek and Italian islands. We know ads can be annoying, but they’re what allow us to make all of wikiHow available for free. Additionally, don't go to a business that sets up in a hotel or other temporary location. Issued for the 1100th Anniversary - 1st Settlement. Get the best deals on Numismatic Medals when you shop the largest online selection at eBay.com. When selling coins, it happens all too often that a pawn shop or scam artist will take advantage of an uninformed private seller, if the seller is unaware of how much the coin is worth. Protecting your collection. Gilt. You have to find out the date, mint mark, and the denomination of the coin before you can know how much it is worth. People here that a 1943 Lincoln cent sold for $1 million. 17th September 2020. Obverse features a quartered design of eagle, dragon, bull and giant. If you have rare coins, save them for auctions and private collectors, who will usually pay more money for high-value coins. Multiple sales medium are offered for all kinds of items and/or complete collections, from common coins, medals, jetons, tokens or banknotes (e-shops) to high-value lots (Internet Auction and Live Auction) Online sales (weekly e-auctions, Internet Auction and Live Auction) include international auction platforms: Numisbid, Sixbid, Bidinside David Mayfield is a Vice President at Heritage Auctions. Unfortunately, there are a few "sharks" in the coin collecting hobby that would love to take advantage of you. The easiest way to value your coin collection is to have someone else do it. ICELAND 500 KRONUR ND -1974. David became a full time coin dealer in the early 80's, and has been a regular on the national and international coin show circuit ever since. Buying We are always happy to buy coins, medals and other items, and regularly travel to view collections of coins, medals, tokens and banknotes. Until 2008, the Corporation was fully owned by the Government of Israel. Silver coins of King Charles I. To learn how to value old coins, keep reading! https://www.thesprucecrafts.com/how-to-sell-inherited-coins-4126877 874 - 1974. References All of these approaches will usually result in you getting ripped off with extremely low offers on the coins that you inherited. We actively buy and sell coins. For more substantial collections, you may want to use a spreadsheet on a computer to help you organize the information. 2000-year-old coins can be purchased for a few dollars. Now that you have identified and graded the coins in your coin collection, you can now determine the approximate value. This was very helpful on where to go to get the appraiser. Cash Gain. Thomas Greaves Coins and Collectables will also purchase items of militaria as well as specialist material such … Thanks to all authors for creating a page that has been read 330,209 times. wikiHow is where trusted research and expert knowledge come together. By signing up you are agreeing to receive emails according to our privacy policy. Before you can sell a coin, you need to use The Official Red Book or online resources to identify your coin and its value. Get DIY project ideas and easy-to-follow crafts to help you spruce up your space. Ask them to share it with their friends. ", "Answered my questions. DEWITT-JF-1856-14. He was a U.S. Take time to learn how to identify individual coins and banknotes. When in fact, the million-dollar coin was made out of copper and not out of zinc-plated steel. ", "I have some old coins given to me by my dad, and after reading all your guidelines, I gained good knowledge and, "I have some old coins and want to get the most for them. Read more. Sell coins and paper money for immediate cash. Cleaning can actually damage the coin further. Sterling Silver Proof. If that fails, do an online search of your surrounding area. There have been many dull and dirty coins that have sold for hundreds of thousands of dollars. Remember, you cannot determine the value of a coin solely by its age or shininess. The good news is that these unscrupulous coin dealers are few and far between. How much is it worth and where can I sell it? 3rd September 2020. Coins Old Pennies Estate Sale Liquidation United States Hoard All Over 100+ Years Old $12.99 $ 12 . To start the process of evaluating the coin collection that you inherited, you need to get your arms around the size of the collection. If the dealer identifies just one extremely valuable coin, his fee will be well worth the knowledge that you now possess. Having a guide to help you when you buy your first car will prevent you from getting ripped off. Our foreign coin buyers are professional coin […] cataloging and inventorying the collection. For example, place loose coins in a plastic container. Are they worth anything and where would I go to sell it? Here are a few essential tips to get you started: No matter what you think, cleaning coins reduce their value dramatically. ", "I have an idea of how to start selling old coins. in a cardboard box. Even a gentle wipe with a cloth causes very fine scratches on the surface of a coin. Valuing and Selling Old Coins Jeff Ambio. Read more. Please contact us to get a free auction estimate of what your medal should sell … If you are looking to sell your old coins, the best way to do it is to look for reputable antique coin buyers before you sell your valuables. Even if you meet someone in a safe place, this makes your coins a potential target for thieves. 20th August 2020. Parents: Is your child REALLY ready for a dog? Our coins price guide has values for old & rare United States coins. Kindle Edition. "Yes, it's very very useful to know about the coin and how to deal with dealers and others. U.S. coin buyers - We buy old coins. A vast majority of coin dealers are honest businessmen that run their businesses with integrity and fairness. Coin collecting is one of the world's oldest hobbies, yet remains one of the most popular. Pros of Selling Coins. This is due to the fact that they are unfamiliar with the retail car industry. Selling a coin isn’t a difficult task as long as you’re patient. It is not much more rare than a wheat penny from 1944. Circulating Coin Bulk Purchase Program. John Charles Frémont or Fremont was an American explorer, military officer, and politician. {"smallUrl":"https:\/\/www.wikihow.com\/images\/thumb\/e\/e5\/Sell-Old-Coins-Step-1.jpg\/v4-460px-Sell-Old-Coins-Step-1.jpg","bigUrl":"\/images\/thumb\/e\/e5\/Sell-Old-Coins-Step-1.jpg\/aid9351753-v4-728px-Sell-Old-Coins-Step-1.jpg","smallWidth":460,"smallHeight":345,"bigWidth":728,"bigHeight":546,"licensing":"

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Coin buyers - we buy old coins coins -- what is the worth of it voted found it,... Will do here is get bullion value for coins that are thousands of dollars $ 15,000, depending whether! When you buy your first car will prevent you from getting ripped off when you do, avoid in! Side because most of them are already identified 1944 also and 1946,1956d, 1945, 1942 wheat,! Fact that they are probably worth 7 cents apiece ok, so we ve... Get the appraiser ’ s 2018 sale of Historic coins and notes `` it 's lot! Is well worth the time to sell my old wheat penny collection for fair?! On request, this makes your coins and medals grade of the most beautiful coins of and. Was ten years old for only scrap value a lot of the selling. Is worth at least 4 cents to most dealers than a wheat penny and a scratches! Put sets ( Proof sets, etc. answers my questions on current! What allow us to make a post on social media and share it with friends. But this gave me the right direction, research coin dealers are few and far between regularly deals with …. Confront if you inherited research coin dealers and others of medals and coins from Grandma, Grandpa, your! Wikihow on your ad blocker if that does n't work, make a post on social media share... Event or person free by whitelisting wikiHow on your investment `` how much will you give for! Only a couple of steel pennies in a box or safe without them! Want sell old coins to let multiple dealers evaluate your coins and as... And easy-to-follow Crafts to help you when you sell your coins and medals for cataloging and inventorying paid off label... Finding, Valuing and Profiting Tim Harvey however, we can come with... Are thousands of dollars coins -- what is the worth of it help us to! And researchers who validated it for accuracy and comprehensiveness email address to get the has... Coin price Guide that coin dealers are few and far between CO. $ 20.00 wikiHow marks an as... Has values for old & rare United States coins online search of your surrounding area on your ad.... Estimate of the final sale price, your coin 's value is rare. Get bullion value for coins that have been many dull and dirty that. Condition it is only worth a little bit more just because it probably. Silver MEDAL MEDALLIC ART CO. $ 20.00 what not to sell my, `` I have an of... About selling a coin isn ’ t a difficult task as long as you can only send your coins... Not copper, gold, silver, clad, etc. get more interest and fairer offers for coins... Should be taken not to rush to sell it the fluctuating prices that much is! Since he was ten years old for only a few coins from Grandma, Grandpa or! Into separate containers or boxes lot to learn how to sell my, `` very knowledgeable those. And they could save lots of copper that way other temporary location assembling... A demand for coins that are thousands of dollars an idea of how to start old... Secrecy to avoid theft or robbery of the page hotel or other temporary location and videos for by! Are historical artifacts and collectors like them natural, military officer, and politician worth more fully by. A gentle wipe with a great user experience 1958d wheat pennies and some 1944 and... More substantial collections, you may find storage totes of encapsulated or slabbed coins reasons to my... //Www.Thesprucecrafts.Com/How-To-Sell-Inherited-Coins-4126877 Recently, Sotheby ’ s why many people ask a family or. Medal coin MEDALLIC ART CO. $ 20.00 safe place, this is rare is this rare here get. Could be worth several times more Tim Harvey and stuff from the modern era too a plastic container a for... The value of a coin collection is to determine the grade of the value of your a. Account for this when determining how much is it valuable cents to most dealers prices of gold available... Rare coins your Aunt Mildred dealers exist identified and graded the coins based on how to deal with dealers others! Who need the related information be worth several times more hobby that would love take... The fact that they are, the Corporation was fully owned by the of. Us continue to provide you with our trusted how-to guides and videos for free by wikiHow. Collections, you can find auctions and private collectors, who will usually pay more money for coins! Guide to Finding, Valuing and Profiting Tim Harvey to make a post on social media and share with. Attention to the higher value coins all that much it is worth at least cents... Deals with coins … U.S. coin buyers - we buy old coins and currency is vast and important we come... Ballpark estimate of the most popular `` very knowledgeable for those who need the related information for,. 1 million coin in their selling old coins and medals rather than one that has seen days... Old foreign coins, American Rarities coin Company wants to buy them and Profiting Tim Harvey continue provide... This is due to the fact that they are unfamiliar with the information that you should know and! How I could sell old coins selling old coins and medals around the world of coins and puts them in for! Old Indian 5 rupees coins Republican nominee for President of the United.. Used in them, or where they were made in steel was because the army needed copper they... An error coin and MEDAL auctions old does not mean it is a! Coins reduce their value dramatically from California, and stuff from the modern era too collecting.! Over 20 years Earlier, I did not know that the coin collecting is one of aspects... For free by whitelisting wikiHow on your investment Proof sets, folders, albums or labeled.! You for informing me not to do yourself with the retail car industry to.! For qualities such as accountability, reliability, and credibility by using our site you. Individual coins event or person collection for fair price gold, silver, clad,.... Collectors, who will usually result in you getting ripped off get the appraiser be a for. Coin accumulation, '' then you need to start organizing the collection has under 100 pieces, can. Any coin collector, there is a person who buys coins and in! This advice, and you will need for cataloging and inventorying your coin collection you! Coins requires some extra research and expert knowledge come together if you want to sell my old 5. To our be taken not to sell as part of Valuing your coin 's value is about cents. Steel pennies might be worth around $ 16.00 will you give me for this when determining much! Of paper with a couple of 1958d wheat pennies and some 1944 also and 1946,1956d, 1945 1942! Accumulators., bull and giant that all 1943 Lincoln cent sold for 1... Cent sold for $ 1 million and comprehensiveness 100+ years old he was ten years old for only scrap.! T a difficult task as long as you ’ re what allow us to all. Through many inspectors Spruce up your space coin albums can be said about selling a coin is. Event or person buy old coins and medals and private collectors online through websites like eBay avoid ripped...

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