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BellaOnline's Coin Collecting Editor

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Who To Sell Your Gold Coins To?


If you have done your homework, you should have an approximate idea of what your gold coins should be worth. Now if you are ready to sell them, the question is one of where to sell them and not get ripped off in the process.

Naturally there are a number of options available in which to sell them. some of these options will be better than others. Here are some outlets to sell your coins to: coin dealers, jewelry stores, pawn shops, and private collectors.
No coin publication can refer you to a particular individual or dealer; it would really violate their ethics in the long run if they did offer this service. What they can do is to recommend that you check out a coin dealer that has a respectable reputation in dealing coins.

You should try to obtain a few good offers and consider selling to the top offer if the prospective buyer has a good reputation. One coin dealer is likely to make a better offer than his competitors. Of course do not expect to get the full retail price for your coins. The dealer has to make a profit off of the coins that they buy to resell. However the dealerís offer should be a fair one. there are some unscrupulous dealers that will try to buy your coins as cheap as they can so that they can reap a hefty profit when they resell them.

Some coin dealers may be willing to travel to your home to appraise your collection. Of course this will depend upon the types of gold coins that you have. If the dealer finds your collection appealing, he will likely offer you a monetary offer. Again stick to a dealer that has a stellar reputation and do not accept any offers that are less than what you have determined your coins to be worth.

One type of gold buyer you will want to avoid are the companies that advertise on Radio, Television, or some kind of printed ad. These companies typically require you to ship your gold items to them by mail and then they promise to send you a check for your gold items.

These companies companies usually have quite a few complaints and lawsuits lodged against them, mainly because they underpay you what your gold is really worth. A face-to-face transaction is much more preferred. than dealing with an anonymous buyer that is likely to cheat you in the process.
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Content copyright © 2013 by Gary Eggleston. All rights reserved.
This content was written by Gary Eggleston. If you wish to use this content in any manner, you need written permission. Contact Gary Eggleston for details.

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