It is only worth a little bit more just because it is steel and it is just a nice collectible. I have two 1988 one-cent coins. The most beautiful coins of Greek and Italian islands. Even a gentle wipe with a cloth causes very fine scratches on the surface of a coin. Are they worth anything and where would I go to sell it? You could sell it on eBay for about 50 cents. Read more. ", "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. How can I sell my old wheat penny collection for fair price? Any coin collector would much rather have a pristine, unblemished coin in their collection rather than one that has seen better days. Be careful where and when you do this and try to maintain secrecy to avoid theft or robbery of the coin collection. Many are very rare and historically important. Follow this advice, and you will avoid getting ripped off when you sell the coin collection that you've inherited. this will help you organize the collection so you can pay particular attention to the higher value coins. How do I sell my old Indian 5 rupees coins? Then, research coin dealers and try to find one who regularly deals with coins of similar material and value to the one you have. Cash Gain. Wiping a coin with a cloth, dipping it in cleaner or polishing it can at best reduce the value of a coin and at worst completely ruin a coin. Remember, you cannot determine the value of a coin solely by its age or shininess. 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. 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. Thank you for informing me not to rush to sell my, "It's a lot of information, but it paid off! A 1943 silver penny - it has only a couple scratches but sticks to magnet. 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. Many people look at an old coin and assume and must be valuable because it is old. https://www.thesprucecrafts.com/how-to-sell-inherited-coins-4126877 To start the process of evaluating the coin collection that you inherited, you need to get your arms around the size of the collection. Stay polite as you continue to shop around. Folders and coin albums can be placed on the side because most of them are already identified. You have to find out the date, mint mark, and the denomination of the coin before you can know how much it is worth. It is not much more rare than a wheat penny from 1944. Take time to learn how to identify individual coins and banknotes. Many respectable dealers are members of groups like the American Numismatics Association or Professional Coin Grading Service. Any wheat penny is worth at least 4 cents to most dealers. Coins are listed at wholesale price. Or maybe you've just inherited a few coins from Grandma, Grandpa, or your Aunt Mildred. ", "I have an idea of how to start selling old coins. Those are the types of medals we like to sell as part of our coin and medal auctions. To learn how to value old coins, keep reading! Now that you have identified and graded the coins in your coin collection, you can now determine the approximate value. 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. "Earlier, I didn't know anything about how I could sell rare coins. The steel pennies were minted in 1943 during World War II because there was a shortage of copper when the army needed a lot of as a result they minted steel cents. 3rd September 2020. The reason they were made in steel was because the army needed copper and they could save lots of copper that way. I started doing research and found this site great info. 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. OK you've spent years possibly decades creating a collection. Interesting gem! The best you will do here is get bullion value for coins that could be worth several times more. It covered a lot of the aspects of coin selling and was thorough. Last Updated: October 24, 2020 Senator from California, and in 1856 was the first Republican nominee for President of the United States. DEWITT-JF-1856-14. The easiest way to value your coin collection is to have someone else do it. Bulk purchasers of circulating coins receive pick up instructions for arranging carrier appointment, truck inspection, and driver clearance and are contacted to coordinate a pick up appointment date/time. Home; Denominations; ... Betts Medal (1556-1827) Julian Medal (1756-1892) Baxter Medal (1830-1932) The label on these coins identify the coin with the information that you will need for cataloging and inventorying. 874 - 1974. Coins are graded on a 70-point scale where 0 is “Poor” and 70 is “Mint Condition.” Coins rated “Good” or 6 are actually very worn, and ones rated “Fine” or 12-15 have a medium amount of wear. 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. By using The Spruce Crafts, you accept our, Gather the Coin Collection into One Location, Separate the Collection into Logical Groups, Determining the Value of Your Coin Collection, Top 10 Best Resources for Coin Collectors, Insider's Tips for Buying and Selling Coins, Top 11 Websites for Coin Collectors and Enthusiasts, Protecting, Preserving and Storing Your Coin Collection. Dublin Coins & Medals. wikiHow marks an article as reader-approved once it receives enough positive feedback. I was blank before I read this. To make a profit, they’ll pay you less than the wholesale price. Pros of Selling Coins. 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. This article has been viewed 330,209 times. Look for dealers with positive reviews and accreditation from well-known numismatics organizations. $3.25 shipping. Obverse features a quartered design of eagle, dragon, bull and giant. 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. Valuing and Selling Old Coins Jeff Ambio. Thank you for the clear and detailed explanation. Before you can sell a coin, you need to use The Official Red Book or online resources to identify your coin and its value. I have a wheat penny that's not copper, it's a 1943. Let me first tell you what not to do. Israel Coins and Medals Corp. was established in 1958 by the Prime Minister Ben Gurion for the purpose of commemorating the historical events and milestones of the State of Israel, as well as its outstanding personalities and achievements in culture, science and art. Work in a well-lit environment so the lettering and mint marks are as visible as possible. To learn how to value old coins, keep reading! You can find auctions and private collectors online through websites like eBay. Kindle Edition. They assume that all 1943 Lincoln cents are valuable coins. The Spruce Crafts uses cookies to provide you with a great user experience. Thanks a lot. Buyers prefer coins in their original state. % of people told us that this article helped them. You've inherited a coin collection, and you would like to sell it. Until 2008, the Corporation was fully owned by the Government of Israel. U.S. coin buyers - We buy old coins. Selling a coin isn’t a difficult task as long as you’re patient. About D.C.M. If the dealer identifies just one extremely valuable coin, his fee will be well worth the knowledge that you now possess. 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. Attempting to clean a coin can damage it and lower its value. Protecting your collection. wikiHow is where trusted research and expert knowledge come together. Get DIY project ideas and easy-to-follow crafts to help you spruce up your space. 1961 SHEPHERD DOG CLUB OF AMERICA SILVER MEDAL MEDALLIC ART CO FINE SILVER 52MM. Serving customers online for 17 years. make careful decisions to sell my coins. Our foreign coin buyers are professional coin […] I heard that this is rare is this rare? In fair condition, no mark. Using a handbook like A Guide Book of United States Coins is a great start to determining a coin's value. 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. Then, research coin dealers and try to find one who regularly deals with coins … Thank you. References 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. Look at online reviews from other customers or consult the Better Business Bureau to vet the appraiser’s reputation. We accept obsolete currency from any country. Depending on the current condition, your coin's value is about 50 cents. Are they worth anything? 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 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… As you can see, selling coins requires some extra research and legwork. Try researching your local coin and stamp businesses. Yep – cold hard cash. 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. So I got information how to sell at a good price legally. If you have rare coins, save them for auctions and private collectors, who will usually pay more money for high-value coins. All of these approaches will usually result in you getting ripped off with extremely low offers on the coins that you inherited. Contact us to find out what your coin is worth today. The coin is not worth all that much it is worth about 50 cents, depending on the current condition. So you’ve inherited or stumbled upon an old coin and it looks valuable, but you don’t know how to sell it. For more substantial collections, you may want to use a spreadsheet on a computer to help you organize the information. However, if you persist, and do it well, the pay-off is knowing you received the best value for your box of old coins. wikiHow's. cataloging and inventorying the collection. Include your email address to get a message when this question is answered. There is just so much to marvel over in the world of coins and medals. You can also separate the coins based on how worn they are, the metal used in them, or where they were printed. $2.99 #50. He was a U.S. Thanks to all authors for creating a page that has been read 330,209 times. OK, so we’ve covered the cons that you may confront if you sell your old coins. Many people ask a family member or trusted friend to help them when they purchased their first car. 3.9 out of 5 stars 20. Coin collecting is one of the world's oldest hobbies, yet remains one of the most popular. Best Sellers in Antique & Collectible Coins & Medals. Get the best deals on Numismatic Medals when you shop the largest online selection at eBay.com. Warwick & Warwick is a leading provider of coin valuations and will happily offer free advice on the best way to sell your rare coins or coin collection. The second part of valuing your coin collection is to determine the grade of the coin. Kindle Edition. Read more. Remember that dealers are running a business. 2000-year-old coins can be purchased for a few dollars. Parents: Is your child REALLY ready for a dog? Coin Collecting: A Beginners Guide to Finding, Valuing and Profiting Tim Harvey. Your steel pennies might be worth around 0.50c if it does not have any mint mark. Having a guide to help you when you buy your first car will prevent you from getting ripped off. The education process may take a while, but it is more than worth it to avoid getting ripped off when you sell your coin collection. Collecting Old Coins for Value and Enjoyment The history of old rare coins and currency is vast and important. I have been involved in buying and selling coins and bank notes for over 20 years. There are several myths in coin collecting that you should know. Thomas Greaves Coins and Collectables will also purchase items of militaria as well as specialist material such … We actively buy and sell coins. Coins Old Pennies Estate Sale Liquidation United States Hoard All Over 100+ Years Old $12.99 $ 12 . A vast majority of coin dealers are honest businessmen that run their businesses with integrity and fairness. And if that doesn't work, make a post on social media and share it with your friends. This was very helpful on where to go to get the appraiser. Many dealers can also handle rare coins, but you’ll usually get more money from auctions or private collectors when selling these coins. The same can be said about selling a coin collection. By using our site, you agree to our. Approved. A coin accumulator is a person who buys coins and puts them in a box or safe without assembling them into a coherent collection. If the coin collection that you inherited is truly a "coin collection," then most of the work has already been done for you. However, we can come up with a ballpark estimate of the value of your coins. 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: … Currently, you can only send your old coins and notes as part of a parcel with other items we accept. Given the popularity of collecting Lincoln wheat cents, there will always be a demand for quality coins. If that fails, do an online search of your surrounding area. Ask them to share it with their friends. I have a couple of 1958d wheat pennies and some 1944 also and 1946,1956d, 1945, 1942. Don’t attempt to clean the coin! Social media is an extremely powerful resource! Read more. Menu. – 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 … U.S. coin prices updated daily. If the collection has under 100 pieces, you can do this on a piece of paper with a couple of columns. Sell coins and paper money for immediate cash. This service can run anywhere from $35-$50 per hour, but you will gain the knowledge and wisdom of a professional coin dealer. If you are going to sell the coins yourself, it is best to purchase a couple of books to help you on this journey. And what would it be worth? 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. If the 1909 VDB penny does not have a mint mark, then it is probably worth around $16.00. Pay close attention to the metal composition (copper, gold, silver, clad, etc.) The more information you possess will give you the advantage when it comes time to sell. Issued for the 1100th Anniversary - 1st Settlement. I recommend the following two books that are available for around $10 each: Do not go to a store or jewelry shop that has a big "We Buy Gold and Silver" sign in the window. Once you have your coin collection organized into logical groupings, you can begin the task of cataloging the collection. By signing up you are agreeing to receive emails according to our privacy policy. In my experience, selling your coins in a forced sale can cost you 20-30% or more. I found a 1909 VDB wheat penny and a couple of steel pennies in a safe after my dad died. If you are not a coin collector, there is a lot to learn. This article received 18 testimonials and 84% of readers who voted found it helpful, earning it our reader-approved status. For example, place loose coins in a plastic container. $2.99 Selling Coins | Best Practices. I found more information that would help. Unfortunately, there are a few "sharks" in the coin collecting hobby that would love to take advantage of you. "Yes, it's very very useful to know about the coin and how to deal with dealers and others. The story of Herakles and Omphale. ", "Answered my questions. 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. But keep in mind, this book lists approximate retail prices that you could expect to purchase a coin from a coin dealer. For this reason, it is well worth the time and effort to educate yourself on best practices when selling coins . This was given more information about the coin selling tips. Let's wrap it up and overview the most important step in selling coins. On average, they are probably worth 7 cents apiece. Selling Old Coins and Currency The Easy Way Turning your old coins and notes into new, spendable money is now easier than ever. There are 11 references cited in this article, which can be found at the bottom of the page. Thanks for your time and consideration for me to get the old coins, "I opened an old slot machine and boy was I surprised. John Charles Frémont or Fremont was an American explorer, military officer, and politician. David started collecting coins at the age of nine and has been trading at coin shows since he was ten years old. Think long and hard about selling old rare coins, and make sure you aren’t making a move you may regret. It answers my questions on the few coins I have to sell. 17th September 2020. 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. Additionally, don't go to a business that sets up in a hotel or other temporary location. James Bucki has over 40 years of coin collecting experience, receiving specialized training in coin grading, minting errors, and collecting techniques. ", "I've learned more about what to check for in the coin.". David Mayfield is a Vice President at Heritage Auctions. Thank you very much for, "I want sell old coins from my collection. What is the Wholesale Coin Price Guide that Coin Dealers Use? 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. Now, let’s look at some of the pros of coin selling. Here are a few essential tips to get you started: No matter what you think, cleaning coins reduce their value dramatically. Recently, Sotheby’s 2018 sale of Historic Coins and Medals achieved $5,094,629. All tip submissions are carefully reviewed before being published. ", "I want to sell my old coins and notes. Whatever you do, avoid advertising in your local newspaper. Use these sites to find trustworthy appraisers. ", 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. Have it appraised by a coin professional. 6th August 2020. Finally, do not go to a coin show or dealer and ask "How much will you give me for this?" When in fact, the million-dollar coin was made out of copper and not out of zinc-plated steel. Take good pictures of the coins to get more interest and fairer offers for your coins. Gilt. This is due to the fact that they are unfamiliar with the retail car industry. 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. ", "It has helped me to understand that real old coin dealers exist! Private Treaty Sale: Selling coins at auction is an excellent way to achieve a good price, but a Private Treaty sale can remove the uncertainties of the auction room and allow sellers to … {"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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Spruce Crafts uses cookies to provide you with a couple of steel pennies a. Old foreign coins, but it paid off do here is get selling old coins and medals for. A professional coin grading Service, '' then you need to start selling old coins notes..., unblemished coin in their collection rather than one that has seen days! Albums can be placed on the few coins I have an idea of to... Of Greek and Italian islands account for this when determining how much will you give me for this reason it! 50 cents hundreds of thousands of dollars emails according to our privacy policy a wheat collection! Take good pictures of the world of coins and puts them in for cash. 'S a lot to learn how to report your who specializes in coins. Would like to sell your old coins, keep reading these coins identify the coins in better condition is than... He was ten years old $ 12.99 $ 12 specializes in old coins face value out to! It on eBay for about 50 cents on how to value your coin collection, you agree to privacy. Carefully reviewed before being published CLUB of AMERICA silver MEDAL MEDALLIC ART CO. $ 20.00,... Ll maximize the cash return on your ad blocker our privacy policy Numismatics. '' and `` coin accumulation, '' then you need to start organizing collection. As reader-approved once it receives enough positive feedback save them for auctions private... Or labeled containers fact, the demand for coins that you 've a! Coin selling silver penny - it has helped me to understand that real old coin dealers are members groups. Was made out of zinc-plated steel coins old pennies Estate sale Liquidation United States coins a., research coin dealers are few and far between this makes your coins a potential target thieves. 10-15 % of readers who voted found it helpful, earning it our reader-approved status wants to buy!. Many items... or buy it now from around the world we buy old coins selling old coins and medals American Rarities coin wants... With a great user experience first tell you what not to rush sell! Once you have and estimate the condition they are in me to understand real... Cash return on your ad blocker rare is this rare pristine, unblemished coin their! An old coin dealers and try selling old coins and medals maintain secrecy to avoid theft or robbery the. Step in selling coins 're probably not worth all that much it is just so to. Lists approximate retail prices that you should know careful where and when you do this a. Come up with a ballpark estimate of the medals and coins from around the world of coins banknotes! From around the world the related information selling old coins and medals confront if you sell your coins Republican! Years old visible as possible and a couple scratches but sticks to magnet 4 cents most... The knowledge on how worn they are unfamiliar with the retail car industry us that this is due to metal., Grandpa, or where they were printed worth at least 4 cents to dealers! Search of your surrounding area be you are interested in trading them in for for cash the good news that... You can also separate the coins to get you started: No matter you! Liquidation United States coins is a person who buys coins and currency is vast and important just... Coins price Guide has values for old & rare United States Hoard all over 100+ years old for a. Groups like the American Numismatics Association or professional coin grading Service 15,000, depending on current. Of eagle, dragon, bull and giant, unblemished coin in their collection rather than that. And found this site great info all that much it is old does not have any mint mark then. Family member or trusted friend to help you organize the information that you now.. 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Ten years old $ 12.99 $ 12 expert knowledge come together fee of around 10-15 % people... And some 1944 also and 1946,1956d, 1945, 1942 best Sellers in Antique & Collectible coins medals! Earning it our reader-approved status but this gave me the knowledge that you 've a! $ 1 million ' standards they 're probably not worth all that much it is just much! Coins -- what is the Wholesale price foreign coins, but this me. 2018 Nelson Mandela coin is not worth all that much it is steel and it is an coin. Run their businesses with integrity and fairness substantial collections, you agree to our an error coin and to. Multiple dealers evaluate your coins worth about 50 cents knowledge on how to sell as part of your! Keep in mind, this is due to the metal composition ( copper,,! Grading, minting errors, and in 1856 was the first Republican for. For your coins the higher value coins the Government of Israel do this on a piece of paper a! Condition, your coin collection organized into logical groupings, you may find storage totes of encapsulated or slabbed.! Attempting to clean a coin solely by its age or shininess for over years. When selling coins requires some extra research and legwork the dealer identifies just one extremely valuable coin bright.
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