Options to Consider When Selecting Silver Coin Buyers

January 1, 2012 · Posted in Business · Comment 

You may be in the market to locate silver coin buyers to sell your silver coins, and you might be interested to know that there are a few options from which to choose. In summary, these options consist of coin dealers, coin collectors, and individuals that are interested in purchasing silver coins from auction sites. Which of these options provides you with the greatest opportunity for provide in the most expedient manner possible?

We’ll discuss each of these options in further detail in the following paragraphs and hope to shed some light on which options may be best for you when considering selling silver coins.

Coin Dealerships. These are commonly construed as the same or equivalent to coin collectors. The truth is, coin dealerships are distinct entities from coin collectors and operate on different premises. At its most basic, coin dealerships are businesses or companies that specialize in selling precious metals; most notably coins. You will find plenty of coin dealerships in most major cities around the country.

The primary benefit of silver coin dealers is that they are coin experts, and can shed some light on the type of coins that you’re interested in selling. They can help you to identify collectible and low mintage coins that sell at a premium to the precious metals content of the coins. Not only can they help to answer all of your questions, but many coin dealerships also pay extremely competitive prices for coins. Lastly, coin dealers provide an easily accessible and liquid market for selling silver coins, which is especially important if you don’t have the time to wait for some of the other silver coin buyers that we’ll discuss below.

Coin Collectors. The fundamental difference between coin collectors and coin dealerships is that the first is in it for the passion of collecting coins while the latter is operating under a business framework. The problem with coin collectors is that it’s difficult to locate them as they typically don’t advertise that they’re interested in purchasing silver coins from the public. Coin dealers have access to coin collectors and vice versa so the natural tendency is to approach the most visible silver coin dealers rather than spend time checking out who are the collectors.

3. Auctions. Auction sites also provide an opportunity for individuals to locate silver coin buyers, but this typically isn’t the best route to take for a few reasons. For one, there’s no guarantee that there will be much of a market for the silver coins that you’re selling. Secondly, auctions can take up to a week and a half to complete, and there’s no guarantee that you’ll immediately receive payment for your silver coins. Lastly, auction sites oftentimes have cost prohibitive listing and final auction fees.

For the reasons noted above, coin dealerships tend to offer the most advantages out of the silver coin buyers that we’ve discussed, as not only do coin dealers pay competitive prices, but they also offer the expertise that is needed, especially with rare or low mintage coins, and provide a ready and liquid market to sell your silver coins.

When it comes time to sell your coins, make sure that you weigh the pros and coins of the various silver coin buyers. Regardless of who you select, always do business with highly reputable companies or individuals that have a reputation for treating customers right and for paying competitive prices for silver coins.

Looking to find the best deal when researching silver coin buyers, then visit www.atlantagoldandcoin.com to find the best advice when selecting silver coin dealers.

How to Sell a Coin Collection

December 27, 2011 · Posted in Business · Comment 

There comes a time in a coin collector’s life when the need to sell a coin collection presents itself. Whether the purpose is to clear space for a new collection or simply to generate cash for some other purpose, a coin collection can be very attractive to coin buyers, and as such, there may be more than a few people who are willing to pay top dollar to acquire it. However, those individuals who want to sell a coin collection should be patient enough to wait for the right offer before deciding to unload the collection.

Before you sell a coin collection, it’s important that you’re familiar with the coins that make up your collection. For lifelong coin collectors, this is relatively easy to do, as typically speaking, the coins missing from a coin collection or coin set are the key date coins, which are usually the lowest minted coins in the collection. Coin collectors should also have a general idea of the value of their collection.

While coin collectors may be very familiar with the coins that comprise their coin collection, there are other individuals that may be interested in selling a coin collection that are unfamiliar with coins, the coin industry, and the estimated value of the items. These individuals may have received a coin collection through an inheritance, an estate, or as a gift. For these individuals, it’s best that they have the collection appraised so that they have a better understanding of the value of the collection.

Still, being a numismatist, or expert in rare and old coins, also presents its share of problems. For example, many coin collection owners tend to “overvalue” their collections choosing to base their “personal appraisal” of the collection from the sentimental value it carries instead of the prevailing market demand. In this regard, many who want to sell coin collections get frustrated with the relatively lower quote that they might receive from coin dealers. This tends to be the norm rather than the exception. Instead of being put off, coin collectors can instead choose to obtain as many quotes as they would like to ensure that they’re receiving the best price possible when they sell a coin collection.

Another factor that will determine the value of a coin collection is whether you’re selling complete or partially complete coin types. Missing just a couple of key date coins from a set can dramatically impact the value. As a result, a coin dealer may just glance at a collection and provide a quote without apparently taking the time to evaluate all of the coins. This could be because the collection is missing the rare or key date coins from the collection, which may be the only coins that well at a premium to their underlying previous metals value. This should not be misconstrued by a seller as the coin buyer not being interested in the collection. Rather, many coin dealers have developed the ability to assess a collection in a matter of minutes.

Still, despite the myriad of considerations associated with wanting to sell a coin collection, one key fact remains. That fact is that dealing with reputable and trustworthy coin dealers is most likely to result in the most cash when selling coin collections. For this reason, those who want to sell a coin collection must first identify the coins in the collection, and then find a reputable coin buyer that is willing to pay a competitive price for the coins.

When taking the time to identify reputable and honest coin dealers, you’ll not only likely receive more when selling a coin collection, but you can also feel good knowing that the collection will be in good hands. Even the greenest of coin collectors or coin sellers can maximize their profit by conducting business with the right coin dealer. Furthermore, if the need arises in the future, you’ll know who to approach if you have coins to sell at some later point in time.

Looking to find the best deal when you sell a coin collection, then visit www.atlantagoldandcoin.com to find the best advice on selling a coin collection at the most competitive prices.

The Difference Between Coin Collectors and Coin Dealers

December 2, 2011 · Posted in Business · Comment 

A more popular, albeit oftentimes misused term, for coin dealers is coin collectors. Many who want to sell coins of all types find themselves searching for “coin collectors” that are willing to pay top dollar for what they have. In this post, we will define the industry-accepted terms pertaining to coin collectors and coin dealers as well as give tips on how to sell coins for maximum profit.

In the coin or precious metals industry, the term “coin collectors” is used to describe individuals that purchase and collect coins; primarily as a hobby. This differs from the term “coin dealers” which is used to describe the middleman between those interested in buying and selling coins. From a technical perspective, coin collectors are those individuals that buy and collect coins primarily for the love of collecting.

While there’s a clear difference between the two categories, this by no means insinuates that a coin dealer can’t be a coin collector. On the contrary, most coin dealers began as coin collectors and still to this day have a large collection of coins that they maintain. Most coin dealers just saw an opportunity to make a living by buying and selling the coins that they love; although, there are some individuals that solely entered the field in search of a career.

These terms are relevant because they help clear out the confusion associated with coin collectors and coin dealers. Should one decide to buy or sell coins, the more practical person to seek out is the coin dealer who specializes in buying and selling coins. It is likewise possible to sell coins directly to a coin collector but this is something that is much more difficult to do. Consider: with coin dealers, there is almost always a shop or a website that you can visit for information on coin prices. With coin collectors, you never really know who has a passion for coin collecting until they say it outright.

Hypothetically speaking, if you have old silver dollars that you’re interested in selling, you’ll want to find a local coin dealer – not a coin collector. However, not all coin dealers are created equally, so it’s important that you do research into the coin dealer that you’ve identified. You can search feedback from previous customers online and also verify their standing with objective third party services, such as the BBB. This will help to increase your chances of receiving top dollar when you sell your coins.

Not only can you conduct business locally with coin dealers, but some also offer the option to sell your coins online. Transacting via the internet is becoming more and more popular and is a safe and easy way to conduct business. Not only can you sell your coins from the comfort of your home, but many coin dealers will also reimburse you for a portion of your shipping fees, which not only makes it convenient, but also cost effective.

So the next time you find yourself wanting to buy or sell coins, whether gold or silver, domestic or foreign, your best option to a successful transaction is through coin dealers. It’s coin dealers that have access to coin collectors. Coin collectors purchase coins from coin dealers as a hobby or for the accumulation of gold and silver bullion. In this regard, the world of buying and selling coins is an attractive avenue for many investors looking to cash in or buy coins for investment. It’s a must-see for those who are interested in diversifying their investment portfolios or who would like to sell old, gold, silver, or rare coins for cash that they no longer have use for.

Learn more about coin collectors. Stop by Atlanta Gold and Coin Buyers’ site where you can find out all about coin dealers and what they can do for you.

Select the Best Silver Coin Dealers By Following These Guidelines

November 30, 2011 · Posted in Business · Comment 

You may happen to have a large lot of silver coins from a collection or an inheritance that you’re interested in selling to silver coin dealers. These are coin experts that possess the knowledge to help you receive competitive prices when you sell your silver coins. Not only that, but there are plenty of silver coin dealers in the coin industry, so it’s just a matter of identifying honest and reliable silver coin buyers so that you can establish a relationship for continued business; whether you’re interested in buying or selling silver coins.

There are several reasons why silver coin dealers are the best option when you sell silver coins; especially when you consider the alternatives. For instance, coin collectors, numismatists, or coin enthusiasts can make for a very good option; however, the challenge is trying to find a coin collector that’s interested in the specific silver coins that you have available for sale. This can make for quite a challenge, as individuals that collect coins as a hobby are usually only interested in purchasing particular coins. Not to mention, they rarely advertise which coins they’re interested in, and usually prefer to buy silver coins directly from a reputable coin dealer.

Another alternative is to sell your silver coins via online auction websites. When you choose this approach, you can specify a set amount at which you would like to sell your coins or you can begin the auction at a low initial bid and allow the market to determine the value of the coin. A positive in utilizing this approach is that you typically expand your potential customer base; however, there is also a downside to selling silver coins using an online auction site, such as eBay. For one, the listing and final auction fees can make this approach cost prohibitive. Secondly, you typically don’t know who you’re selling your coins to when you opt for this approach, which could pose issues if you sell to a less than honest silver coin buyer.

And then there are silver coin dealers. Silver coin dealers own coin dealerships that buy and sell all sorts of coins. They are connected to many other coin collectors and precious metal investors who buy and sell coins to them. Their unique position allows them to sell or buy coins quickly because of the network that they have established with other people interested in silver coin investments.

Another benefit in doing business with silver coin dealers is that you can talk directly with the owner of the business or a coin expert that works for the coin dealership, so you’re able to get all of your questions answers. Furthermore, you’re able to avoid the excessive fees associated with selling coins via online auctions, and don’t have to worry whether the silver coin buyer is interested in your silver coins, which may not be the case when dealing with coin collectors.

While there are plenty of silver coin dealers from which to choose, it’s important to know that not all silver coin buyers are created equally; therefore, it would be in your best interest to research the coin dealer that you’re considering. Look for coin dealers that have been in business for a while, as stability in the coin industry is a good sign. Also, consider family owned and operated companies, as these individuals are known for their dedication to customer service. They typically operate in a trustworthy and ethical manner, as their focus is on establishing long term relationships. Lastly, researching the silver coin dealers online that you’re considering can tell you a lot about the company’s reputation and standing with the Better Business Bureau.

Without a doubt, silver coin dealers present the best chance at profiting through the coin and precious metals market either through buying or selling coins. Talk to one in your area today or get in touch with a silver coin buyer in another location via email to begin benefitting from the purchase or sale of silver coins.

Looking to find the best deal from silver coin dealers, then visit www.atlantagoldandcoin.com to check out their current online buying rates so that you receive more from silver coin buyers.