How To Sell Gold And Silver Coins

Filling out an online form on a gold buyer s site with your name address and general info about your item receive a mailer to sell your jewelry or coins send in your gold item then get a quote by email or phone.

How to sell gold and silver coins. Do not go to a store or jewelry shop that has a big we buy gold and silver sign in the window. Certain coins with numismatic or historic significance fetch a higher price than their bullion value. There are also rare collectible numismatic coins can sell at a sometimes very high premium more than the silver gold value alone. Generally speaking most people go to a pawn shop or bullion dealer. Cash in your coins.

It is an option to sell directly to a jeweler or pawn shop but you should make a trip to either or both places no matter where you sell. On that specific day before i even dared enter that coin shop with those 10 gold eagle coins to sell i checked and knew with my smart phone a what the current gold spot bid price was and b what other high volume online retailers were bidding at that moment on gold eagle coins. Selling the rare coins you ve inherited 2nd edition. If one dealer makes an offer 25 percent below retail you ll know you should steer clear. Silver price only affects junk silver coins or culls only dealers have been ripping people off paying spot price for very rare coins.

Went to sell some today slabbed graded peace dollars 1 is ms 65 value is 160 been to 4 dealers and their offer is 13 00 to 17 00 avoid dealers like the plaque. Reputable precious metals dealers are often few and far between in person but many are moving their business online opening up new possibilities and risks. The most common are bullion coins e g. Avoid the quick cash grab. The general way to sell gold online includes.

Additionally don t go to a. Where to sell your gold and silver. If you are looking to sell gold or silver coins be sure to check if they have any additional worth beyond melt value. It s also a good idea to know the current price of gold or silver. For instance does the coin have historic value.

Look for a reputable jeweler or pawn shop take your gold coins to them and ask to have an estimate to assess their value. Take your gold coin to a jeweler or pawn shop. The best you will do here is get bullion value for coins that could be worth several times more. Once you have some gold and silver to sell you need to decide where to bring it. You might find that a few dealers make offers around 10 percent below retail value.