Websites like CoinQuest.com offer online appraisal systems that help people find out how much their old coins are worth. Having an idea of what a coin is worth will make it easier to avoid being taken advantage of by an appraiser who is hoping to make a huge profit. Pawn shops, coin shops and online auction websites are all ways to sell old coins from other countries.Know More
According to CoinTrackers.com, pawn shops do buy coins but should be avoided whenever possible. Coin shops are a better option, but they usually only offer 10 to 40 percent of a coin's actual worth to ensure a significant profit. However, going to a coin shop saves time on finding a buyer, which is especially helpful when trying to sell a large number of coins.
CoinTrackers.com states that selling coins online is best for people who don't have time constraints. It can take months to sell a coin online, but the coin will at least fetch the highest possible price. CoinTrackers.com suggests avoiding eBay because of the high fees eBay imposes on coin sellers. Coins.Ha.com, Teletrade.com, and GreatCollections.com are three eBay alternatives for selling coins, and these websites market themselves specifically toward coin enthusiasts.Learn more about Coins & Currency
The value of old coins varies with current demand and the maximum amount collectors are willing to pay for them. Metal prices may also be a factor. Some price guides have been established that are widely used by collectors, such as the Professional Coin Grading Service (PCGS) guide.Full Answer >
A coin shop is one of the best places to sell coins and also get information about coins. Coin collectors also buy coins. However, anyone wishing to sell coins should not take the risk of putting an ad in the local newspaper.Full Answer >
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 >
Old British coins include the farthing, halfpenny (or ha'penny), crown, shilling, guinea, sovereign, florin and groat. These coins ceased to exist when the United Kingdom switched to a decimalized monetary system in 1971, though some of the terms persist to refer to decimalized amounts of similar value.Full Answer >