Some Tips for Selling your Old Coins


Before You Start Selling Old Coins Online

Before you decide selling of old coins the best route for you to sell your old coins, there are a few things to take into consideration. 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.


Identify Your Coins

You must be aware of what kind of coins you have in your possession before you start selling them. Knowing the worth of a coin requires you and the buyer to know the exact history and type of coin that is being sold. Here are a few tips to help you identify what kind of coin you have:

First, check your coin’s date. This is one of the easiest ways that can help you identify an old coin. 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.

Check for the denomination. When trying to identify a coin, you can also check for the denomination. This is found on the coin; simply check if it has a face value or not. If it doesn’t, it might be a medallion. These two can be easily confused, with many people thinking they have a silver coin when they have a silver medallion instead.

Check the language. Determine if you can understand the coin’s language or text; this will help you identify the coin’s region of origin. if it happens to be in a language you can understand, it might be from your region or one nearby.

Check the coins’ shape. Coins minted before the late 1700s tend to have an irregular shape. Those printed from 1037 to 1967, for example, have more of a polygon shape, very similar to a circle.

These are all important telltale signs of a coin’s worth, but they are not the whole story when it comes to coin identification. You should also check for factors like the image on the coin, the coin’s size, thickness and diameter, its condition, and more to help you understand your coin collection. All of these are helpful when identifying what kind of coins you have, therefore helping you know how much these can be sold for.

Find out the approximate value of your coins

You’ll want to know approximately how much your coins are worth before selling them. But before you do this, remember that most coin price guides out there are giving you a retail value. The retail value is how much the coins are worth if you’re buying them from a dealer.

The amount you’ll earn for selling those same coins could be anywhere from 20% to 50% less than the prices listed in those guides, depending on the given coin and its condition. Why? This is because dealers buy at wholesale prices, which allows them to pay for business operating costs such as overhead and wages.

Don’t expect to receive the prices listed in any retail coin price guides. Also, keep in mind that coins or paper money in poor condition may only be worth their face value.

Buying and selling old coins in India you can contact GkExams at 8902747033, 8372050632. They are the trusted dealers and they will tell you the best deals for your coins.