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The Ultimate Guide to Selling Your Old Coins to Old Coin Buyer in Florida

Posted by Rachel K on March 18, 2024

If you are looking for an old coin buyer in Florida, Estate Buyers 4 America is a trustworthy coin and bullion dealer with many years of experience buying coins.

In Florida, there is a market for people who are interested in old coins and history. These individuals are important for preserving and understanding the history behind each ancient coin they collect. If you have old coins that you want to sell but don’t know where to begin, you’re in luck. We have created a detailed guide on how to sell coins, which will help you maximize your profit.

Antique coins can hold different meanings for different individuals. Some find collecting them to be an enjoyable pastime, while others appreciate their aesthetic appeal and rarity. For those with sentimental attachments, these coins may have once belonged to loved ones. 

However, it is important to remember that these coins were originally a form of currency. Therefore, if you possess any antique coins, it is natural to question their value. Whether you inherited a collection or are simply curious, it is essential to understand the worth of your coins. In this blog, we will explore helpful tips for determining the value of old coins.

Top Tips for Selling to Old Coin Buyer in Florida

The market for selling or buying precious coins is full of opportunities. There are five tips for selling to old coin buyer near me and ensuring a smooth transaction:

  1. Don’t clean your coins: Many people believe that cleaning their coins will make them more valuable when selling them. However, this diminishes their worth. The amount of numismatic value lost each year due to coin cleaning is immeasurable. It is advised not to clean coins as it can reduce their value by half or more.  
  2. Know what you have: Some individuals choose to sell their coins because they have received them as an inheritance and otherwise hold no personal interest in them. However, this lack of familiarity and understanding regarding the coins can prove to be a notable drawback for these sellers. 
  3. Find out the approximate value of your coins: Before selling your coins, it is important to know their approximate worth. However, it is crucial to understand that most coin price guides provide the retail value, which is the amount you would pay if buying from a dealer. When selling your coins, you can expect to receive anywhere from 20% to 50% less than the listed prices in these guides. 
  4. Get a fix on current bullion prices: When selling gold or silver coins, you will likely be offered a price that closely aligns with the current market value of the metal in your coins, also known as the spot price or melt value.
  5. Minimize risks to you and your coins while selling them: Before and after selling your coins, it is important to take precautions to ensure your safety. One precaution is to avoid being followed by someone while you have the coins in your possession, as thieves often target dealers and collectors in this manner.

Selling Coins In-Person vs. Online: A Comprehensive Comparison

  1. In the age of online shopping and digital transactions, there is no longer a need to physically visit a traditional store to buy or sell items, including coins. While there are advantages to selling coins at a store or to an old coin buyer in Florida. There are also viable options available for selling coins online.
  2. Selling coins in person has advantages like being able to have a direct conversation with a coin dealer and receiving immediate payment. However, selling coins online does not offer these benefits. Although the process may take longer, there are advantages to selling coins through an auction website or to a coin dealer. 
  3. Some dealers specify what they are looking to buy and provide estimated prices for certain coins. Alternatively, some dealers ask you to send them the coins you want to sell. They will make an offer and payment upon receiving them.
  4. Selling coins online and mailing them may take longer and require more trips to the post office. Although, it’s a convenient option for people in remote areas without local coin dealers. It’s also beneficial for selling to dealers who are specifically interested in the coins being sold. Thus, increasing the chances of receiving a higher offer.

Old Coin Buyer in Florida – Top Places to Sell In Person

After determining the potential value of your coins, it’s important to choose the right place to sell them. Different types of coins have different markets, so selling a valuable coin at a regular coin shop may not be the best option. While selling less valuable coins at a high-end coin or an old coin buyer near me may not be ideal either.

  1. Local Coin Shop: The best place to sell old coins is usually a local coin shop. These shops are more likely to be interested in buying low- to mid-range old coins and may offer a fair price. It’s a good idea to read online reviews and choose a few shops to visit. Check if they have the same type of coins you want to sell. Some shops may mention on their website which coins they are interested in buying. If a shop has too many of the coins you want to sell, they may offer a lower price. It’s important to visit multiple shops to get an idea of the local market prices. 
  2. Coin Show: Coin shows are a convenient way to meet multiple dealers and potentially sell valuable coins. The larger shows have numerous dealers buying and selling coins. Heritage Auctions often provides free appraisals at these shows. However, dealers may be too occupied with their customers to thoroughly evaluate your coins. If a dealer asks you to return later, it indicates their interest in your coins. In-demand coins fetch better prices at these shows.

Cash in Your Collection: The Best Online Platforms for Selling Old Coins

When selling your old coins online, you have different choices based on the perceived value of your coins. Furthermore, the level of effort you are willing to invest in the selling process.

  1. eBay: Selling coins on eBay can be an option, but the fees and the hassle of dealing with buyers might discourage sellers. However, if you have good photos, you might make more money than you think from an eBay coin auction.
  2. Bullion Dealers: Selling your coins online through bullion and coin dealers is another option to consider. These dealers are particularly interested in buying bullion and slabbed coins, but they also purchase old gold and silver coins. Unlike traditional coin shops, online dealers can buy a wider variety of old coins and larger collections.
  3. Major Auction Houses: If you have a valuable and popular rare coin, consider reaching out to a specialized auction house like Heritage or Stack’s Bowers. These auction houses have a wide reach. They can help you get the best price for your coin by exposing it to a global audience of collectors. Before placing your coin in an auction, make sure to have it authenticated by a third-party grading service like NGC or PCGS. Coins without authentication typically sell for lower prices in major auctions. It may take a month or two for your coins to be auctioned, depending on when you submit them. The seller’s fees in large online coin auctions can be comparable to eBay fees. Thus, you don’t have to worry about shipping the coin to the buyer.

The Top Places You Should Never Sell Your Old Coins

There are certain locations where it is not advisable to sell your old coins. Here are the specific places and the reasons behind this recommendation:

  1. Pawnshops: Pawn shops typically do not buy coins, and if they do, they will offer very low prices. This is because they are not familiar with the value and demand for old coins and do not want to tie up their money for an uncertain period.
  2. Jewelry Stores: Although jewelry stores may occasionally buy gold coins, they are not primarily focused on dealing with coins. They are unlikely to offer the most competitive prices for them.
  3. We Buy Gold: Businesses that display a “We Buy Gold” sign are mainly interested in purchasing coins and jewelry for their metal value. It is unlikely that you will receive a fair price for a rare coin at these establishments.
  4. “Hotel Room” Coin Buyers: A group of individuals go from place to place, staying in hotels and advertising in newspapers to attract people who have inherited old coins. They offer high prices for these coins, assuming that the owners are unaware of their true value.

Conclusion- Old Coin Buyer in Florida

Take the first step towards maximizing your earnings by selling a valuable coin. If you are looking to sell your old coins in Florida, don’t look further. 

Estate Buyers 4 America is a well-established and reliable old coin buyer in Florida that specializes in buying old coins. Their team of experienced buyers, who have a collective experience of 50 years, ensures that customers receive a reliable and accurate appraisal for their coins.

For more information about selling your coins to Estate Buyers 4 America, please email us or give us a call at +1 754 259 8447. One of our expert coin professionals will be glad to further educate you on how to sell your coins to us and a fair price of how much they might be worth.

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