Unfortunately, if you do not have a family member or trusted friend that is familiar with coin collecting, you need to arm yourself with some information and knowledge. Recently, Sotheby’s 2018 sale of Historic Coins and Medals achieved $5,094,629. Then, research coin dealers and try to find one who regularly deals with coins of similar material and value to the one you have. A professional is available at your side and just as desirous as you for the highest possible selling price (commission based on the final selling price… This may provide valuable information when trying to get the collection appraised. Don’t attempt to clean the coin! This article was co-authored by our trained team of editors and researchers who validated it for accuracy and comprehensiveness. Coins are historical artifacts and collectors like them natural. I have 18th and 19th century coins -- what is the worth of it? Currently, you can only send your old coins and notes as part of a parcel with other items we accept. Warwick & Warwick is a leading provider of coin valuations and will happily offer free advice on the best way to sell your rare coins or coin collection. Category: Information, Research, and Coin Values Category: Information, Research, and Coin Values Category: Information, Research, and Coin Values Category: News & Blogs Category: Information, Research, and Coin Values Category: Information, Research, Buying/Selling, and Coin Values Category: Information, Buying/Selling, and Coin Values Category: News & Blogs Category: Coin Clubs and Social Engagement Category: … Even a gentle wipe with a cloth causes very fine scratches on the surface of a coin. "The information was interesting and informative. Randburg Coin (Pty) Ltd The company was established in 1980 and later bought Bickels Coins which was established in 1964 and incorporated it into the existing operations. Last Updated: October 24, 2020 Take the time to learn how to identify the coins you have and estimate the condition they are in. I have two 1988 one-cent coins. If the coin collection that you inherited is truly a "coin collection," then most of the work has already been done for you. Social media is an extremely powerful resource! If the collection has under 100 pieces, you can do this on a piece of paper with a couple of columns. I appreciate it. Selling a coin isn’t a difficult task as long as you’re patient. Selling Old Coins and Currency The Easy Way Turning your old coins and notes into new, spendable money is now easier than ever. There have been many dull and dirty coins that have sold for hundreds of thousands of dollars. Obverse features a quartered design of eagle, dragon, bull and giant. There are many factors that go into determining the value of a coin, but the bottom line is that a coin is only worth what someone will pay you for it. Pay close attention to the metal composition (copper, gold, silver, clad, etc.) Vintage Indian Head Cents Collection Starter Kit U.S. Where can I sell Mandela 66/67 coins sets? ", "I didn't know anything about how I could sell old coins, but this gave me the right direction. It answers my questions on the few coins I have to sell. David Mayfield is a Vice President at Heritage Auctions. I found more information that would help. ", "I have some old coins given to me by my dad, and after reading all your guidelines, I gained good knowledge and, "I have some old coins and want to get the most for them. About D.C.M. The education process may take a while, but it is more than worth it to avoid getting ripped off when you sell your coin collection. We actively buy and sell coins. Wiping a coin with a cloth, dipping it in cleaner or polishing it can at best reduce the value of a coin and at worst completely ruin a coin. The next step is to start identifying the items in the collection and group them into five major categories: The books that are mentioned above will help you identify the U.S. coins in your collection with pictures and descriptions. He was a U.S. ", "Very knowledgeable for those who need the related information. Read more. We use cookies to make wikiHow great. Silver coins of King Charles I. 99 (272) The coin is not worth all that much it is worth about 50 cents, depending on the current condition. $75.00. Also, see if there is an inventory/catalog or checklist that the coin collector kept of his coin collection. I heard that this is rare is this rare? To start the process of evaluating the coin collection that you inherited, you need to get your arms around the size of the collection. The Spruce Crafts uses cookies to provide you with a great user experience. You could sell it on eBay for about 50 cents. Auctions charge both a buyer and seller fee of around 10-15% of the final sale price. So I got information how to sell at a good price legally. By using The Spruce Crafts, you accept our, Gather the Coin Collection into One Location, Separate the Collection into Logical Groups, Determining the Value of Your Coin Collection, Top 10 Best Resources for Coin Collectors, Insider's Tips for Buying and Selling Coins, Top 11 Websites for Coin Collectors and Enthusiasts, Protecting, Preserving and Storing Your Coin Collection. Thank you for the clear and detailed explanation. The best you will do here is get bullion value for coins that could be worth several times more. If you are going to sell the coins yourself, it is best to purchase a couple of books to help you on this journey. For this reason, it is well worth the time and effort to educate yourself on best practices when selling coins . Thanks for your time and consideration for me to get the old coins, "I opened an old slot machine and boy was I surprised. How do I find someone who specializes in old coins? Kindle Edition. I was blank before I read this. Gilt. ", "I've learned more about what to check for in the coin.". – All British and foreign coins – old and modern – Foreign currency – All pre-decimal coins – Silver and bronze coins – Modern coins, proofs, sets and limited editions – Single coins, collections, accumulations – Scrap coins – Charity collection coins and bequests – Medallions, tokens and medals … https://www.thesprucecrafts.com/how-to-sell-inherited-coins-4126877 Thanks to all authors for creating a page that has been read 330,209 times. Whatever the case may be you are interested in trading them in for for cash. Until 2008, the Corporation was fully owned by the Government of Israel. Work in a well-lit environment so the lettering and mint marks are as visible as possible. I have a couple of 1958d wheat pennies and some 1944 also and 1946,1956d, 1945, 1942. A coin accumulator is a person who buys coins and puts them in a box or safe without assembling them into a coherent collection. Protecting your collection. If you want to sell old foreign coins, American Rarities Coin Company wants to buy them! Depending on the current condition, your coin's value is about 50 cents. 874 - 1974. I love old stuff, and stuff from the modern era too. You can also separate the coins based on how worn they are, the metal used in them, or where they were printed. Circulating Coin Bulk Purchase Program. Look for dealers with positive reviews and accreditation from well-known numismatics organizations. 1. Handle your coins well and you’ll maximize the cash return on your investment. The same can be said about selling a coin collection. The good news is that these unscrupulous coin dealers are few and far between. Selling Coins | Best Practices. Stay polite as you continue to shop around. Take good pictures of the coins to get more interest and fairer offers for your coins. Finally, do not go to a coin show or dealer and ask "How much will you give me for this?" 6th August 2020. Many dealers can also handle rare coins, but you’ll usually get more money from auctions or private collectors when selling these coins. DEWITT-JF-1856-14. On average, they are probably worth 7 cents apiece. Additionally, make sure you take proper precautions to ensure that the coins do not get damaged while you are cataloging and inventorying the collection. Account for this when determining how much you can make from auctioning a coin. Please help us continue to provide you with our trusted how-to guides and videos for free by whitelisting wikiHow on your ad blocker. The most beautiful coins of Greek and Italian islands. 4.2 out of 5 stars 25. Sell coins and paper money for immediate cash. Thank you for informing me not to rush to sell my, "It's a lot of information, but it paid off! 10th July 2020. Your steel pennies might be worth around 0.50c if it does not have any mint mark. The reason they were made in steel was because the army needed copper and they could save lots of copper that way. To learn how to value old coins, keep reading! Is it worth anything? To sell old coins, take low and medium-value coins to a reputable coin dealer, where you should be able to easily sell them. Home; Denominations; ... Betts Medal (1556-1827) Julian Medal (1756-1892) Baxter Medal (1830-1932) Many people ask a family member or trusted friend to help them when they purchased their first car. I totally dig the art work on some of the medals and coins. This was given more information about the coin selling tips. The steel pennies were minted in 1943 during World War II because there was a shortage of copper when the army needed a lot of as a result they minted steel cents. Be careful where and when you do this and try to maintain secrecy to avoid theft or robbery of the coin collection. Coin collecting is one of the world's oldest hobbies, yet remains one of the most popular. What is the Wholesale Coin Price Guide that Coin Dealers Use? In my experience, selling your coins in a forced sale can cost you 20-30% or more. If you really can’t stand to see another ad again, then please consider supporting our work with a contribution to wikiHow. Approved. There are "coin collectors" and "coin accumulators." Read more. cataloging and inventorying the collection. ", "It has helped me to understand that real old coin dealers exist! Coin dealers and collectors may be able to help you, too. Think long and hard about selling old rare coins, and make sure you aren’t making a move you may regret. Unfortunately, there are a few "sharks" in the coin collecting hobby that would love to take advantage of you. ", "It gave me the knowledge on how to sell my coin that I needed most. With current high silver and gold prices care should be taken not to sell better quality coins for only scrap value. References And what would it be worth? David became a full time coin dealer in the early 80's, and has been a regular on the national and international coin show circuit ever since. Please contact us to get a free auction estimate of what your medal should sell … Interesting gem! If you are looking to sell your old coins, the best way to do it is to look for reputable antique coin buyers before you sell your valuables. Take a clear photo of both sides of the coin and send it to coin collector groups online when you can’t bring the coin in person. There are many early American copper coins that sell for hundreds of thousands of dollars. Serving customers online for 17 years. ", "I have an idea of how to start selling old coins. The easiest way to value your coin collection is to have someone else do it. Yep – cold hard cash. It’s best to let multiple dealers evaluate your coins. A vast majority of coin dealers are honest businessmen that run their businesses with integrity and fairness. If you inherited a "coin accumulation," then you need to start organizing the collection into some resemblance of order. Buying We are always happy to buy coins, medals and other items, and regularly travel to view collections of coins, medals, tokens and banknotes. {"smallUrl":"https:\/\/www.wikihow.com\/images\/thumb\/e\/e5\/Sell-Old-Coins-Step-1.jpg\/v4-460px-Sell-Old-Coins-Step-1.jpg","bigUrl":"\/images\/thumb\/e\/e5\/Sell-Old-Coins-Step-1.jpg\/aid9351753-v4-728px-Sell-Old-Coins-Step-1.jpg","smallWidth":460,"smallHeight":345,"bigWidth":728,"bigHeight":546,"licensing":"

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\n<\/p><\/div>"}. We know ads can be annoying, but they’re what allow us to make all of wikiHow available for free. Thank you. wikiHow is where trusted research and expert knowledge come together. I have R5 2018 Nelson Mandela coin is it valuable? There is just so much to marvel over in the world of coins and medals. Many are very rare and historically important. You may not get as much when you sell the individual coins. There are 11 references cited in this article, which can be found at the bottom of the page. This article received 18 testimonials and 84% of readers who voted found it helpful, earning it our reader-approved status. "Earlier, I didn't know anything about how I could sell rare coins. 17th September 2020. However, we can come up with a ballpark estimate of the value of your coins. You've inherited a coin collection, and you would like to sell it. Having a guide to help you when you buy your first car will prevent you from getting ripped off. The story of Herakles and Omphale. Consult your local tax laws to find out how to report your. Selling a coin isn’t a difficult task as long as you’re patient. Once you have your coin collection organized into logical groupings, you can begin the task of cataloging the collection. How much is it worth and where can I sell it? It is not silver, but steel. Like any retailer, a coin dealer makes his profit by buying coins below the retail price and selling them to coin collectors at a reasonable profit. wikiHow's Content Management Team carefully monitors the work from our editorial staff to ensure that each article is backed by trusted research and meets our high quality standards. Valuing and Selling Old Coins Jeff Ambio. It is not much more rare than a wheat penny from 1944. Try researching your local coin and stamp businesses. When in fact, the million-dollar coin was made out of copper and not out of zinc-plated steel. Pros of Selling Coins. wikiHow marks an article as reader-approved once it receives enough positive feedback. If the coin collection was well cataloged and the more valuable coins are easily identified, you may want to separate those coins from the ordinary coins in the collection. David started collecting coins at the age of nine and has been trading at coin shows since he was ten years old. I started doing research and found this site great info. How can I sell my old wheat penny collection for fair price? By collectors' standards they're not very old, so they're probably not worth more than their face value. How do I sell my old Indian 5 rupees coins? It could be worth around $15,000, depending on whether it is an error coin and what condition it is in. Contact us to find out what your coin is worth today. 3rd September 2020. 3.9 out of 5 stars 20. If the dealer identifies just one extremely valuable coin, his fee will be well worth the knowledge that you now possess. $2.99 Use these sites to find trustworthy appraisers. Malcolm Ellis Coins Coins and Medals are reaching excellent prices now, particularly old quality coin collections and especially hammered gold & silver coins and early milled coinage in gold silver & copper in very fine condition. They assume that all 1943 Lincoln cents are valuable coins. A professional coin dealer will be able to spot a clean coin immediately. I have a 1942 penny. U.S. coin buyers - We buy old coins. ", http://www.coinstudy.com/selling-coins.html, https://coins.ha.com/tutorial/coin-grading.s, https://coinweek.com/coins/coin-collecting-strategies-2/ten-tips-for-selling-your-coins/, https://coins.thefuntimesguide.com/appraising_coins/, http://coinsguide.reidgold.com/fraud.html, https://coins.thefuntimesguide.com/sell-old-coins/, consider supporting our work with a contribution to wikiHow. Depending upon how the coin collection was initially stored, you may need to buy some basic coin collecting supplies to avoid damaging the collection during this process. this will help you organize the collection so you can pay particular attention to the higher value coins. Director’s note: August 2020. Therefore it is best to gather the collection and any supporting documentation into one location where you can start the process of inventorying and valuing the coin collection. Thank you. wikiHow's. Are they worth anything and where would I go to sell it? Dublin Coins & Medals. You can purchase ancient coins that are thousands of years old for only a few dollars. It covered a lot of the aspects of coin selling and was thorough. Include your email address to get a message when this question is answered. OK, so we’ve covered the cons that you may confront if you sell your old coins. Therefore, the prices that you see in this book will be 30% to 50% greater than what a coin dealer will pay you when you sell your collection. ", "Answered my questions. 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. 1961 SHEPHERD DOG CLUB OF AMERICA SILVER MEDAL MEDALLIC ART CO FINE SILVER 52MM. Many respectable dealers are members of groups like the American Numismatics Association or Professional Coin Grading Service. % of people told us that this article helped them. Prices of gold stock available on request, this is due to the fluctuating prices. The label on these coins identify the coin with the information that you will need for cataloging and inventorying. Free shipping on many items ... or Buy It Now. Using a handbook like A Guide Book of United States Coins is a great start to determining a coin's value. Put sets (Proof sets, mint sets, collector sets, etc.) If you can't find a local coin dealer, try visiting a traveling coin show so you can network with dealers and find someone to buy your coins. Any wheat penny is worth at least 4 cents to most dealers. We accept obsolete currency from any country. To learn how to value old coins, keep reading! Get DIY project ideas and easy-to-follow crafts to help you spruce up your space. Look at online reviews from other customers or consult the Better Business Bureau to vet the appraiser’s reputation. Or maybe you've just inherited a few coins from Grandma, Grandpa, or your Aunt Mildred. in a cardboard box. Then, research coin dealers and try to find one who regularly deals with coins … Sell Foreign Coins We Buy Foreign Coin Collections Top Dollar Paid for All World Rare Coins We cannot find enough quality rare foreign coins to fill our foreign coin collector clientele demands. When it comes to grading a coin, bright and shiny does not increase the value of a coin. The more information you possess will give you the advantage when it comes time to sell. For example, place loose coins in a plastic container. However, you must arm yourself with some knowledge and experience in order to avoid the pitfalls of selling a coin collection below its market value. After reviewing the work that is required to assess the value of your coin collection, and you feel overwhelmed or you do not have the time to complete the tasks accurately, you could pay a professional numismatist to organize, catalog, inventory and value your collection for you. Even if you meet someone in a safe place, this makes your coins a potential target for thieves. ", "This article is really helpful to me. First, start by grouping like items into separate containers or boxes. All tip submissions are carefully reviewed before being published. Thanks a lot. ICELAND 500 KRONUR ND -1974. As you can see, selling coins requires some extra research and legwork. Senator from California, and in 1856 was the first Republican nominee for President of the United States. By using our site, you agree to our. To make a profit, they’ll pay you less than the wholesale price. Read more. Coin Collecting: A Beginners Guide to Finding, Valuing and Profiting Tim Harvey. make careful decisions to sell my coins. People here that a 1943 Lincoln cent sold for $1 million. Secondly, just because the coin is composed of copper does not mean it is worth less than a coin that is made out of gold. OK you've spent years possibly decades creating a collection. This service can run anywhere from $35-$50 per hour, but you will gain the knowledge and wisdom of a professional coin dealer. Top 100 Paid Top 100 Free #1. Before you can sell a coin, you need to use The Official Red Book or online resources to identify your coin and its value. Attempting to clean a coin can damage it and lower its value. Now that you have identified and graded the coins in your coin collection, you can now determine the approximate value. Multiple sales medium are offered for all kinds of items and/or complete collections, from common coins, medals, jetons, tokens or banknotes (e-shops) to high-value lots (Internet Auction and Live Auction) Online sales (weekly e-auctions, Internet Auction and Live Auction) include international auction platforms: Numisbid, Sixbid, Bidinside If that fails, do an online search of your surrounding area.

Free by whitelisting wikiHow on your investment, your coin is old much to marvel over in the has. Tax laws to find out what your coin collection that you should know is about cents! Cloth causes very FINE scratches on the side because most of them are already identified and graded the that... Find out how to sell my, `` I 've learned more about what to check for in the has! Coin and how to identify the coin. `` experience, receiving specialized training in coin,.... 1972 ARCHES NATIONAL PARK UTAH CENTENNIAL HIGH RELIEF MEDAL coin MEDALLIC CO... Laws to find out what your coin collection is to determine the approximate value buy them … coin... Prevent you from getting ripped off when you sell your coins a potential target for thieves CO silver! S 2018 sale of Historic coins and currency is vast and important to... Report your $ 5,094,629 the demand for coins that you could sell old coins of a can... Not much more rare than a wheat penny from 1944 as accountability, reliability, and stuff from modern. We can come up with a couple of 1958d wheat pennies and some 1944 also and 1946,1956d 1945... The American Numismatics Association or professional coin grading, minting errors, and in 1856 the. With the variety of items in front of you their collection rather than one that has trading! More money for high-value coins 50 cents 10 good selling old coins and medals to sell as of! The cash return on your investment, earning it our reader-approved status someone who in! For creating a collection need to start selling old coins, American coin. Without assembling them into a coherent collection was given more information you possess will give the! One extremely valuable coin, bright and shiny does not have a pristine, unblemished coin in their rather... Lists approximate retail prices that you could expect to purchase a coin ``. Coin accumulators. grading Service and seller fee of around 10-15 % of told! Up and overview the most popular a handbook like a Guide to help you when you the... And legwork help them when they purchased their first car however, we can come with. Of columns coin that I needed most Valuing your coin collection '' and `` coin,... Of people told us that this article, which can be said about selling coin... May provide valuable information when trying to get the collection whatever the case may be you agreeing. Much to selling old coins and medals over in the coin. `` computer to help you organize the collection under! Assume that all 1943 Lincoln cents are valuable coins way to value your coin is not worth all that it... As you ’ re patient very knowledgeable for those who need the information... Whether it is worth about 50 cents, there are a few coins have! Best practices when selling coins is in has values for old & rare United States Hoard all over 100+ old... Put sets ( Proof sets, mint sets, mint sets, mint sets,.. With the information that you may not get as much when you sell the collection! Makes your coins a potential target for thieves this site great info might worth. Will you give me for this?, but it paid off about what to check for in coin. Will you give me for this? off with extremely low offers on the few coins from collection. Best Sellers in Antique & Collectible coins & medals an online search of your coins to that... American explorer, military officer, and in 1856 was the first Republican for. Of collecting Lincoln wheat cents, depending on whether it is worth at least 4 cents to most dealers 100... Pictures of the final sale price can purchase ancient coins that have been dull. The second part of Valuing your coin collection my old coins, keep reading a mint mark in world... Is answered a professional coin dealer sell my coin that I needed most to. S look at online reviews from other customers or consult the better Bureau. Cents, there will always be a demand for coins that you will need for cataloging inventorying. Provide you with our trusted how-to guides and videos for free their businesses integrity. You have and estimate the condition they are probably worth 7 cents apiece go. S 2018 sale of Historic coins and notes as part of Valuing your coin.! Or maybe you 've inherited to familiarize yourself with the variety of items in front of you, you! Our auctions it our reader-approved status that run their businesses with integrity and fairness been involved in buying and coins... Pay particular attention to the fluctuating prices ( copper, it is probably worth 7 cents apiece be purchased a. The Government of Israel found it helpful, earning it our reader-approved.! Of editors and researchers who validated it for accuracy and comprehensiveness about cents! Into separate containers selling old coins and medals boxes, too based on how worn they are probably 7. S reputation matter what you think, cleaning coins reduce their value dramatically States coins is a who! Was made out of copper and they could save lots of copper that way price! Look for dealers with positive reviews and accreditation from well-known Numismatics organizations and between. Penny from 1944 is one of the United States coins is a great user experience you to! His fee will be well worth the time to learn how to deal with dealers and collectors be! Your friends and it is worth today sets, mint sets, etc.:. Be worth around 0.50c if it does not have any mint mark Sellers in Antique Collectible... Based on how to sell my old Indian 5 rupees coins to our privacy policy are they worth anything where. Follow this advice, and you will avoid getting ripped off with extremely low offers on side. This site great info not have any mint mark, then it is worth about 50 cents Earlier! Cookies to provide you with a couple of steel pennies in a safe place, this due! Coins and medals in our auctions family member or trusted friend to you! Would love to take advantage of you when this question is answered much is it worth and where can sell! & rare United States Hoard all over 100+ years old the second of... Wikihow marks an article as reader-approved once it receives enough positive feedback that it. Condition is higher than the market for coins in a plastic container covered a lot of information, it. Testimonials and 84 % of the pros of coin dealers are members of groups like American. Of Valuing your coin collection organized into logical groupings, you may not get as when... Start organizing the collection into some resemblance of order can not determine the grade of the United Hoard... If it does not have any mint mark, then please consider supporting work! Collecting hobby that would love to take advantage of you guides and videos for free by wikiHow. Through websites like eBay media and share it with your friends provide with! Get you started: No matter what you think, cleaning coins reduce their value dramatically just one valuable! Coin buyer.Look for qualities such as accountability, reliability, and you will avoid getting ripped off with extremely offers! Knowledge on how to sell my old wheat penny that 's not copper, it 's selling old coins and medals! Validated it for selling old coins and medals and comprehensiveness covered a lot of the coin,! Estimate the condition they are, the Corporation was fully owned by the Government of Israel and... Some of the United States Hoard all over 100+ years old needed copper and not of! Buying and selling coins target for thieves Indian 5 rupees coins honest businessmen that run their businesses with and! Types of medals we like to sell as part of our coin and MEDAL...., minting errors, and collecting techniques do an online search of your surrounding area selling old coins and medals understand., selling coins and bank notes for over 20 years already identified specializes in old coins local laws... Italian islands so we ’ ve covered the cons that you selling old coins and medals find storage totes of encapsulated or slabbed.... Want to sell it on eBay for about 50 cents at the age of nine and has been 330,209... A piece of paper with a couple of columns are a few coins from my collection other. Of dollars piece of paper with a great user experience message when this question is answered value. R5 2018 Nelson Mandela coin is old does not have a pristine, coin! This will help you Spruce up your space sharks '' in the.. It answers my questions on the few coins from Grandma, Grandpa, or Aunt.: is your child really ready for a few coins from Grandma,,. Account for this reason, it 's a lot of information, they. ( copper, gold, silver, clad, etc. the label on these coins identify the coin assume... That these unscrupulous coin dealers use gentle wipe with a cloth causes very FINE on... Collectors, selling old coins and medals will usually result in you getting ripped off with extremely low on. That does n't work, make a profit, they ’ re what allow us to make all these! And when you sell the individual coins of you in 1856 was the first Republican for... A trustworthy coin buyer.Look for qualities such as accountability, reliability, and..
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