Inherited some old coins how do I know what they are worth and sell them
Congratulations! You’ve inherited a coin collection, and you would like to sell it. Unfortunately, there are a number of “sharks” in the gold & silver buying market that would love to take advantage of you. The good news is that in today’s internet days there are some great sites and tools that can help you get the most for you new found treasure. Also the majority of coin dealers are honest businessmen that run their businesses with integrity and fairness. But know what you have before you sell!
You must arm yourself with some knowledge and experience in order to avoid the common pitfalls of selling a coin collection below its market value. Take some time looking over the coins that you’ve inherited to familiarize yourself with the variety of items in front of you. Take time to learn how to identify individual coins and they type of metal they are made of. Follow this advice, and you will avoid getting taken advantage of when you sell the coin collection that you’ve inherited.
Never clean your coins!
No matter what you think, cleaning coins will SIGNIFICANTLY reduce their value. A professional coin dealer will be able to spot a cleaned coin immediately and will pay you a lot less for them. When it comes to coin grading, bright and shiny does not increase the value of a coin.
Slow Down
Unless you are on the verge of bankruptcy and you desperately are in need of the the cash from this collection, take your time and gather at least a basic understanding of how coin collecting works. 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.
Knowledge is Power!
If you are going to sell the coins yourself, it is best to view a number of resources available on the web. CashforCoins.net for instance is a site created by a collector to provide free instant cash offers for those looking to sell their gold or silver coins, collections and estates. The site uses real-time gold and silver prices to ensure that quotes are as up to date as possible. The site also provides a nationwide directory of coin shops so you can see who is in your area. The advice here is even if you want to sell you coins locally rather than sending them in, use the free estimate tool to get an understanding of a fair price based on current gold and silver prices and coin conditions.
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