Determine if you can understand the coin’s language or text this will help you identify the coin’s region of origin. These two can be easily confused, with many people thinking they have a silver coin when they have a silver medallion instead.Ĭheck the language. This is found on the coin simply check if it has a face value or not. When trying to identify a coin, you can also check for the denomination. In the case the date is not there, don’t panic, there are a few other factors that can help you determine a coin’s value.Ĭheck for the denomination. This is one of the easiest ways that can help you identify an old coin. Here are a few tips to help you identify what kind of coin you have:įirst, check your coin’s date. Knowing the worth of a coin requires you and the buyer to know the exact history and type of coin that is being sold. You must be aware of what kind of coins you have in your possession before you start selling them. You can then sell the coins to a coin shop, auction house, on eBay, or run your own website. Contact an appraiser who will analyze your coins and give an opinion on the value of your coins. To make good money, start selling coins after you determine their value. You’ll probably want to think through things like coin identification, condition, and appraisal before putting your coins out there for sale this way you can ensure you know how much your coins are worth and avoid under or overpricing. Before You Start Selling Old Coins Onlineīefore you decide the best route for you to sell your old coins, there are a few things to take into consideration. Ultimately, selling coins online can help you close deals and get paid faster than if you were to use other methods. On the other hand, online coin selling helps you reach a wider audience, provides you with the opportunity to advertise your collection on social media, including Facebook groups dedicated to the topic, and allows you to sell your coins on an already existing customer base like eBay or Amazon. For example, going to a coin shop is not always the best option as oftentimes coin dealers offer prices way below the coin’s value, especially if they can tell you are new to the game. There are not many options when it comes to selling coins face-to-face, and some of the ones available can be risky or problematic. If you are thinking about selling old coins, selling them online is one of the best ways to get the most from your coins’ value. Can You Sell Coins Online? Is It a Good Idea? Statistics like this, plus the testimonies from thousands of others benefitting from the selling of coins, speak volumes of the industry’s resilience and sustainability, setting it as a smart one to venture into. rare coins in online public auctions despite the economic impact of last year. Firms reported selling more than $167 million of U.S. Is Selling Old Coins Profitable?Īccording to the president of the Professional Numismatists Guild (PNG) organization, even during times of economic uncertainty (like 2020), the coin selling industry was not affected and continued to exceed monetary sales from previous years.
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