If you are tight on funds or are simply bored with collecting coins, you might be thinking about selling your coin collection. However, if you do sell your beloved (and possibly quite valuable) coins, you probably want to ensure that you get as much for them as possible. Luckily, following these tips can help you get more money when selling your coin collection.
1. Consider Splitting Them Up
Even though you might be thinking about selling your entire coin collection together, this might not be the best way to get a good price for your coins. Instead, consider splitting up your collection and selling valuable coins separately. Even though it might take a little longer to find buyers for your entire collection, you can help ensure that you don't let your valuable coins go for less than what you deserve for them.
2. Have Them Graded
If you haven't used a coin grading service to authenticate your coins and to determine their quality and value, it is smart to do so before selling your collection. Even though you might have to pay out of pocket to have this done, doing so can help you make your collection a lot more appealing to potential buyers. It can also give you an idea of how to price your coins when selling them so that you don't sell them for less than what they are worth.
3. Put Them Up for Auction
Instead of just taking the first offer that is thrown your way, consider putting your coins up for auction, whether locally or on web sites. You can set a reserve or starting bid to ensure that your collection does not sell for less than your minimum amount, then you can let people bid their way up from there. This is a great way to ensure that you get the maximum amount for your collection, since buyers who are serious about coins will often be willing to raise their bids in order to secure nice ones. This can be an easy and fast way to generate interest and to make a sale.
As you can see, there are a few things that you can do to ensure that you get as much as possible when selling your coin collection. If you follow these tips, you might be surprised by just how much you can get for your coins, which can help take away some of the sting of selling the coins that you have carefully collected over the years.Share