A good starting point when seeking buyers for old coins is heading to a local coin dealer. Coin World is a highly respected resource for the coin collecting community that features a user-friendly directory, which can help one locate nearby coin dealers.Know More
Coin dealers give their opinions on the condition and market value of old coins. If they want particular coins for their own collection or for resale, they often make offers on the spot. Since they are running a business and always looking to make a profit, do not expect a coin dealer to pay market value. Coin dealers may also know of another dealer or a collector who is interested in a particular coin and can assist with setting up the deal.
Another venue to sell old coins is a coin show. Coin World includes listings for clubs, shows and events in their directory as well. Networking is key in the coin collecting community, so meeting other dealers and collectors at coin shows is worthwhile, as is joining and participating in local and regional coin collecting clubs. After learning more about the value of old coins, online sales and auction services such as eBay help get the coins out to a potentially wider market of buyers.Learn more about Coins & Currency
Online auctions, coin shops and in-person auctions are the best ways to sell old coins for cash. There are other ways to sell old coins, but the seller should do detailed research before accepting any cash offers for coins.Full Answer >
According to coin expert Susan Headley for About, the easiest process for cleaning old coins is to gently rinse the coins in a bath of warm tap water and mild dish-washing detergent. It is important to make sure that the hands are thoroughly washed to remove all surface oils and dirt that may potentially contaminate the coins. Headley stresses that cleaning old coins is not recommended unless absolutely necessary.Full Answer >
As of 2015, many websites, including CoinStudy.com, PCGS.com and CoinSite.com list values of American gold coins. These sites provide updates on varying schedules, so the listed prices serve as guidelines rather than absolute current values.Full Answer >
Shops that typically buy old coins are coin shops that deal specifically in collectibles. While using a shop is not likely to give the seller the actual worth of the coin, shops are likely to accept the coins based on their market value instead of metallic value.Full Answer >