Tip on How to Sell Coins

December 26, 2011 · Posted in Business · Comment 

Taking up coin-collecting as an investment is not only enjoyable for the inherent aesthetic value of the coins themselves, but also for the fact that one can decide to sell coins for extra cash to augment one’s checkbook. When one becomes a collector dealing with other items, the act of selling items from one’s collection can prove to be difficult. Not so with coins. Coin collectors and coin dealers are always ready to deal with coins for cash, and one can sell coins for an easy profit. This kind of liquidity makes buying and selling coins a more fluid and financially sound investment than others.

To sell coins from a collection carries many advantages that make it a truly attractive venture. At the top of the list are old, rare, or collectible coins that certainly strike a chord with coin collectors. On the other hand, coins from precious metals like silver, platinum, or gold will always capture the interest of investors who want to keep a portion of their portfolio in precious metals form.

There are some reminders of which you should be aware when you deal with coin investment:

* Coins are collectible because of their age or rarity. There are so many different mints of coins available that it becomes difficult to succinctly and accurately compile a list. It is good to remember that these coins are tangible vehicles of history, and they tend to surpass the value of the metal initially used when making the coin. Involving yourself in the buying and selling in these coins makes you an active participant in their history. In addition, prices that collectible coins can fetch in the market can be quite substantial–sometimes they can sell for upwards of $30,000 per piece when you sell to old coin or rare coin dealers!

Coins from precious metals. While there is plenty of history in these coins, they primarily sell for their metal content than for anything else. Gold, silver and platinum coins are common. Even “junk silver” coins – those made of 40 – 90% silver, command good investment prices in the market. Likewise, the price of these coins is determined by the price of the precious metal on the market on any given day. As such, it works more like a “stock” in that the price can vary incrementally depending on the market perception of the strength of the metals as an investment option.

The most convenient way to sell coins is to work with a reputable dealer, some of whom offer the ability to sell and buy coins online. You can be anywhere in the country, or anywhere in your home, and be able to conduct transactions with the click of a button.

Selling coins effectively means taking an active interest in the investment itself, and this interest will translate in to profit later on down the line. With the market being as dynamic as it is, a little time spent researching here will not be for nothing. Educate yourself by using all the resources available to you online and through your local library. Applying a reasonable amount of diligence and forethought will make the endeavor of selling coins not only pleasurable, but profitable.

Looking to find the best prices when you sell coins, then visit www.atlantagoldandcoin.com to find the best advice on selling coins to receive the most cash.

The Best Advice on Where To Sell Coins

December 16, 2011 · Posted in Business · Comment 

If you’re relatively new to the coin industry, we recommend that you read this article, as we’ll be providing tips on where to sell coins. While on the surface it may appear to be a bit overwhelming, with a little bit of time and effort, you can identify top paying and reputable coin buyers that are sure to be excellent options when you sell coins.

Below are a few options on where to sell coins that you will need to definitely check out before deciding to sell coins from your coin collection or inheritance.

Coin dealerships may be one of the first options that come to mind, since they’re not only coin specialists, but are also quite prevalent – especially if you live in a larger city. If you live in a more rural area or don’t have any reputable coin dealers in your general area, you might want to sell coins online to an internet or online coin buyer.

So what do you need to look for when dealing with coin dealerships? Consider the following very important characteristics and qualifications before you sell your coins:

* In order for a coin dealer to be successful, they need to establish and maintain a strong reputation in the industry. They do so by paying extremely competitive prices and by providing exceptional customer service. These businesses are most likely to offer prices that are near the spot price of gold or silver, and have a contingent of regular customers. The reputation of coin dealers can be found online by reading reviews and testimonials from previous customers and by checking the coin buyer’s rating with the Better Business Bureau.

* The time that a coin dealer has been in business is also indicative of the coin buyer’s reputation, as this is a very competitive industry. Not only that, but like nearly every other industry, there are times where the coin market will be out of factor; therefore, for a coin dealer to remain in business for an extended period of time and persevere through some difficult markets, it’s likely that they have a strong customer base, which is only built through treating individuals fairly.

May individuals new to the coin industry opt to sell their coins online for convenience purposes; however, this typically isn’t a very good option for a couple of reasons. One, the listing and final auction fees, or commissions, are typically cost prohibitive. Furthermore, unless you know the individual to whom you’re selling your coins, there’s a possibility that you could run into potential issues with the buyer.

Another option when deciding where to sell coins is with coin collectors. While this can be a good option from a pricing perspective, the chances of finding a coin collector that is looking for your specific coin or coins is remote. Furthermore, since coin collectors typically purchase coins from their local coin dealer, selling coins to a coin collector can be a long and time intensive process.

Now that you’re familiar with the options available when determining where to sell coins, you can now go about successfully selling your coins. In general, the best option for most folks is going to be a reputable coin dealer that you can establish a relationship with, and who you can continue to do business with for years to come.

Learn more about where to sell coins. Stop by Atlanta Gold and Coin Buyers’ site where you can find out all about how tosell coins for industry leading rates.

Sell Coins For More When You Follow These Tips

December 12, 2011 · Posted in Business · Comment 

Today, there are many who are starting to find a hobby or extra cash through the decision to sell coins. Considering that we’re experiencing loose monetary policies in the United States and beyond, the popularity and price of coins can only go higher. Combine this with the history of old coin designs composed of precious metals like gold and silver and it is not hard to understand why those who sell coins are finding it a profitable venture.

Before pursing the endeavor of selling coins, it would benefit you to become familiar with some of the ins and outs when it comes to the coin industry so that you can receive the most cash when you sell coins.

1. There is no substitute to being familiar with your own coins. With the sheer number of coin types, foreign and domestic, out in the market, this is a proposition that’s easier said than done. Still, it does not mean that this is not a doable task. With enough experience, one can become familiar enough with the available options to sell coins for the right price. Put simply, the message is to study the different types of coins and to gain an understanding of the estimated price for each one.

2. Not only is it important to properly identify the coins in your collection when you sell coins, but it’s equally important, if not more important to identify a coin dealer that will pay you the most for your coins. There are many possible coin dealers to choose from, so it’s important to properly research the coin dealers that you’re considering. A good place to start is with the Better Business Bureau. Once you’re satisfied that the coin dealer is in good standing with the BBB, view online reviews and testimonials from previous customers to get a feel for the way the coin dealer treats its customers.

3. As we’ve already alluded to, you shouldn’t limit yourself to the first coin dealer that you come across. Make sure that you receive competitive bids so that you can gain a better idea of the value when you sell coins to a coin dealer. If possible, consider doing business with a coin dealer that has their rates posted online. Coin buyers that post their rates online typically pay the highest rates for coins.

4. There may be other options that you haven’t previously considered when you sell coins. The internet isn’t just an option for individual to buy online, but you can also now sell coins online to reputable coin dealers. This is an especially good option if you’re unable to find local coin dealers who are unwilling to provide you with a fair price for your coins. Selling coins online is just as safe as using your local coin dealer, as long as you properly insure and add tracking to your package.

5. As a last tip, try to be conscientious with your decision to sell coins through auction websites. More than a few inexperienced coin sellers have sold their gold, silver, and old coins through sites like eBay because they do not know better. When you take into account the exorbitant fees associated with having your coins listed on the site, you will come to realize that a substantial amount of your profit is not actually going into your wallet but back to the websites that sold your coins in the first place.

While it’s possible to sell coins for a substantial amount, it’s important that the seller conduct proper due diligence to make sure that they’re dealing with a reputable and transparent coin buyer whom pays among the most competitive rates in the industry. Doing your homework ahead of time to obtain estimated values for your coins will go a long ways in receiving the most when you sell your coins.

Looking to find the best deal when you sell coins, then visit www.atlantagoldandcoin.com to find the best advice on selling coins.

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.

Selling Coins Is Easy – See How!

November 27, 2011 · Posted in Business · Comment 

Selling coins can be one of the most profitable ventures that you can pursue. With today’s almost unpredictable economy, coins are some of the safer forms of investments because the prices of precious metals are less likely to fluctuate day in and day out. In fact, many investors hedge their investments by buying and selling coins depending on the nature of the market. You too can learn and thrive in the exciting world of selling coins as long as you are committed to learning its complexities just like you would in any other business.

The first factor to consider is whether or not your coins are composed of precious metals. As mentioned above, the precious metals market has been performing well in recent years, so if you have coins, bullion, bars, or rounds that consist of gold, silver, platinum, or palladium, you’re likely looking at some fairly substantial value. This is the case whether the coins were minted in the U.S. or abroad. Furthermore, there’s quite a liquid market for these coins, so you should be able to sell your coins without much effort.

Digging deeper, you will find that some coins will be more valuable than others. The basis of the value and price of coins primarily depends on four factors: the metal composition, the mintage, demand, and condition.

The mintage of a coin is the number of each type of coin that was produced. Generally speaking, coins that are relatively low mintage coins are more valuable due to their rarity. This can be the case whether the coins are composed of precious metals or not. Secondly, demand is a factor in determining the price when selling coins. Demand can be related to the desire of folks to accumulate a certain precious metal, or due to the rarity of the coin, which goes hand in hand with the mintage. Lastly, the condition of the coin can be a primary factor in the value of your coin. While you may have an old, rare, or low mintage condition, if it’s in poor condition, it may not be very valuable. In the poor industry, it’s common for coins to be assessed a certain grade, which can be anywhere from poor to uncirculated.

Beyond old, numismatic, and collectible coins, there are junk silver coins. These are coins that sell primarily for their silver content, which are less than .999 fine silver.

While there may be several definitions of junk silver coins, the most common involves U.S. minted dimes, quarters, and half dollars produced prior to 1965. These coins contain 90% fine silver, as opposed to many of the collectible and numismatic coins in the marketplace, which commonly consist of .999 fine silver.

Still, “junk” silver coins can fetch substantial prices, especially when the price of silver is performing well, which is currently the case. Some transactions can even involve huge sums in the thousands of dollars even as the items in consideration are considered junk. This in itself is a testament to the value and strength of the precious metals industry; specifically when it comes to coins.

Indeed, selling coins or buying coins can take some time to master, but with enough motivation, anyone can learn the ropes and do well in the industry. Likewise, no matter the size of your coin collection, there’s the opportunity to profit when selling coins. So whether you’re selling coins for quick cash or liquidating an investment that you have long kept, don’t be afraid to ask questions and do your research! You will find that the industry of selling coins is a thriving business with big rewards and the industry rewards those who go out of their way to become informed sellers.

Looking to find the best deal on selling coins, then visit www.atlantagoldandcoin.com to find the best advice on how to sell coins for more.