There are many ways to sell rare coins, from local dealers to online marketplaces. However, each has its advantages and disadvantages.

Selling through an online marketplace can be a great option because it offers a wide audience of potential buyers. However, it can also be expensive and time-consuming.

Local Dealers

Local old coin dealers New York NY are a great option for selling their collection quickly. They can be found in many areas online or through a local directory. They can also be found at coin shows, which allow them to reach a larger audience of potential buyers. In addition, they can provide a more personal service to their customers, including taking returns and helping with wants lists.

If you want to sell your coins at a higher price, auction houses may be a better choice. However, they can take longer to process a sale and will require you to pay fees for listing and shipping. It is important to research both options before making a decision. When choosing a dealer, make sure they specialize in the type of coins you have. This will help ensure that you get a fair price for your collection. Also, don’t be afraid to negotiate – you can always get a better deal with some hard bargaining!

Online Marketplaces

An old coin business adage says you auction coins for two reasons. You don’t want to see them again or don’t know what they are worth. Regardless of whether or not this is true, many people sell their rare coins at auction houses to ensure they get a fair price.

Auction houses can also help you value and sell a collection of inherited coins. However, they may start the bidding at a lower price than market value to attract buyers, and their fees can be high.

Alternatively, you can sell rare coins on online marketplaces like eBay. These sites are a popular way to find new customers and sell products. However, building a following and competing against other sellers can take time. Many online marketplaces charge a listing fee, so consider the costs before choosing this option. However, this is a worthwhile investment if you sell your coins at a good price and attract the right customers’ attention.

Auction Houses

Coin auctions provide a good opportunity to sell your coins to a wide audience and achieve a higher price than you could get from a dealer. However, they also come with many fees that eat into your profits.

Dealers often send coins to auction because they need more success selling them privately. In addition, non-collectors may choose to sell through an auction house because they believe it will expose their collection to a large audience and give them the best chance of realizing value for their coins.

However, it is important to remember that coins at auction tend to sell below their true market value once the bidding and auction fees are considered. Plus, auction houses often group multiple valuable coins into lots that are less likely to attract a reasonable bid from a buyer. This makes them a poor choice for highly valuable items. You should seek the services of an auction house specializing in rare coins to maximize your returns.