How To Sell An Old Coin

Table of contents:

How To Sell An Old Coin
How To Sell An Old Coin

Video: How To Sell An Old Coin

Video: How To Sell An Old Coin
Video: Do You Have Old Coins? Do You Want To Sell Them? Here's What You Do. 2024, April
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Old coins often cost a lot of money. This is one of the factors due to which treasure hunting develops. Therefore, many treasure hunters want to enrich themselves on this. They act in different ways. Some first look for distribution channels, after which they start looking for coins, others, on the contrary, first find coins, and only then turn old coins into real money.

How to sell an old coin
How to sell an old coin

Instructions

Step 1

One of the first thoughts is to find buyers in places where numismatists (coin collectors) conduct transactions. However, it is not always possible to set up a business the first time. You need a good reputation as a coin supplier so that you are not mistaken for a stolen goods seller. In addition, novice diggers are often unable to properly evaluate old coins. Experience is needed here. If you are not a numismatist or even a digger at all, you will not even be able to estimate the finds you have.

Step 2

However, numismatic clubs are mostly found in relatively large cities. If you are a provincial, the Internet will come to your aid. There you can find special auctions where you can also sell old coins. You have the opportunity to independently set prices, guided by the catalog. If no one has bought, just lower the price and put your coins up for sale again.

Step 3

Coins can also be sold by finding one of the numismatic forums on the same Internet. You can find them by typing the phrase "numismatic forum" or something like that into a search engine. The beauty of these Internet resources is that there you can not only sell old coins, but also find out their approximate or even exact cost, and completely free of charge. There are auctions on these forums, where anyone can put their coins for sale. If someone does not know the value of a coin, this person can create a topic on the forum with a photo posted there and ask to rate the coin. Having found out its value, you can put the lot up for auction.

Step 4

Another good way to sell coins is to create your own website (even on free hosting). Indicate prices there, as well as photos of coins, recommendations, conditions of shipment. Sign your website address in your profile on numismatic forums to increase the number of potential buyers.

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