If no reserve is placed on an item, you run the risk of losing it for a fraction of what is it actually worth. Online auction sites: Although sites like eBay give you access to a worldwide audience, the fees charged to list an item with a 'reserve' fee are expensive. But to maximise your return, you need to match your coins with a dealer who has similar interests.
Online coin dealers: This is a good way to get in touch with people who actively buy coins - usually quickly and efficiently. Selling at coin shows can deliver mixed results, though, because dealers will not have the opportunity to research your coins. They're great for securing a quick sale, but expect to receive between 20 to 40 per cent less than true market value.Ĭoin shows: Held at various locations throughout the UK, these events are popular with coin dealers and collectors alike, making them a good place to meet with numismatic enthusiasts. They're a business, however not a charity - and will factor a substantial profit margin into their offer. Sell to a coin shop: Whether they're an online only outlet or business with a physical store location, coin shops will be pleased to make an offer for your coins. If you want to sell rare coins in the UK for the best possible price, the following seven methods are tried and tested by the numismatic community. What are the most common ways to sell your coins? Once you have an accurate understanding of a coin's value, you can decide what figure would be 'reasonable' if you were to sell, and you will need to choose the best place to do just that. It is not unusual for collectors to over value coins in their possession, but unfortunately, some people also under value what are actually truly rare coins.
#VALUABLE COINS IN YOUR HOUSE HOW TO#
Whilst this is always a difficult one to answer, take a look at our in-depth How To Value Old Coins guide and you'll be able to discover the most important factors to consider. But 'How much is my coin worth?' is the most common question we are asked. They often want to discover more about its design, origin and history. Start by researching the value of your coinsĪlways remember that your collection is a valuable asset and only when you know its true value can you appreciate how your investment should be marketed.Įvery day, we receive enquiries from collectors around the world who are intrigued about a distinctive coin in their possession.
#VALUABLE COINS IN YOUR HOUSE FREE#
To obtain a FREE coin valuation, please get in touch or call 01926 499031 and speak to one of our experts. We hope you find it informative, but it should be used for guidance only. To prevent further heartache, we have compiled this guide to help anyone who is considering how to sell rare coins but has no idea where to start. Warwick & Warwick has been in business since 1958 and our team of coin experts are always dismayed when we hear tales of valuable coins sold for a fraction of their real worth by inexperienced sellers.
It is important to understand however that the vast majority of these online platforms are not necessarily designed to help you achieve the best possible price. Online auction sites are always a popular port of call and there are now hundreds of websites offering to convert your coins into cash.
When researching how to sell rare coins, the internet tends to be the first resource people turn to. For many with little experience of selling collectables this can be a daunting process.
Whether you've inherited a collection of coins or spent years assembling an impressive collection, there may come a time when you wish to sell your coins.
0 kommentar(er)
