How do you feel, it's time to sell your coin long-term collection, or have inherited a collection and you know nothing about coins and you want to sell. How to sell anything, we want to ensure that a fair price. Sounds simple, right? In the field of numismatics, when it comes time to sell, offer for your collection can vary greatly. The following tips will help guarantee a fair and reasonable. I'm more on the term "reasonable" a lessonlittle 'later. Coin dealer, like any other profession, there are thousands. Part-time single person companies to large companies that buy goods and sell millions of dollars of coins annually. And like other professions and industries, we have a couple of swindlers. Following the general tips in this article, you should realize in a better position to evaluate their collections. So here we go!
First, you need to know what you have. Why? If you do not know what you have, as you canYou know I'm always fair? If you have thousands and thousands of cents'm grain, I am not saying that you need to inventory all. In fact, it may be worth your time. The chances of finding a key currency is at best limited. But you should know how much money. How? Easy to weigh. Wheat cents are cents per pound to about 148. The same rule common to other currencies as a pre-1965 Roosevelt Dimes and Washington quarters as you can only use a gold price of these. Forthe rest of your collection, you can count the number of each piece. Make a complete list of your collection.
OK, time to go to a dealer? No, not yet. How do you know that you are getting a more honest? Before coming to a dealer, you must do some work. If the dealers belonging to other organizations and clubs such as ANA or BBB? How long has he / she already has? What is their reputation? Check out some dealers before you call. Moreover, sinceadvertise in a publication of the largest collection of money, does not make them honest. I know of one dealer who advertises in a major publication and sells coins as clean as BU / Unc originals. Most novice collectors do not know the difference.
Now that you've done some research, it is time to contact your dealer. This can be done in many ways. You can call or if you are the type shy, just send an e-mail. In your e-mail, you identify and have a collection ofSale. Include in the mail that have completed the inventory. This may come as a shock to many, but some dealers do not want your collection. Many dealers specialize in certain types or series, or simply may have too many coins in their inventory. If your collection is a collection of coins mean common, it can be disappointed to learn that many, if not all the big dealers simply do not want to waste time with you. It 'a long time to sort the common collections and the margins are toosmall. Do not worry, all is not lost. Many smaller dealers welcome the opportunity to get your collection. Many of these traders work only by mail and e-mail address or a PO Box as contact information. Although it may seem shady, these people are generally very reliable. May still apply, and ask if they are interested. If you do not simply move to the next dealer. If they are, ask them for their "purchase price" list. Many retailers will publish a list of what they arewilling to pay for some coins.
After a little 'hard work, you have some offers on the table. The offers are not anywhere close to that expected. I remember what I told him to offer a "reasonable"? Here's the painful truth. Numismatists are in business to make money. Of course, many of us have chosen this profession because we like it, but like everyone else, we do not have mortgages, car payments and college for children, etc. Many people will look at the magazine are the latest currency prices inwith an idea of what there collection is worth. Magazines such as Coin Prices are really a list of prices, what you can expect to pay a dealer for a specific coin, what can you expect to be paid. Recharge can be 20 to 50% or more for smaller denomination coins, such as wheat variety percent. As I said earlier, some dealers do not want just what you have. Many, if not all dealers to reserve the right to revise the offer to review the collection. If you think all your MorganBU dollars, but they are really AU, this would make a big difference in price. Classification is very subjective. Even for larger, more diverse collections, an operator may spend a considerable amount of time to see the collection at a fair price.
So what to do? Take the best offer and run? Maybe, maybe not. If this is a legacy, and you have no emotional attachment, you can easily sell and never see again. If this is your collection of 50 years, this can also be painful. Theirmay continue to contact different dealers and wait for a better offer. If you think your collection is really worth more, you can always switch auction. First with some of the fees the major auction houses companies, may not be worth it. You can also groped luck on eBay, but if you have a strong feedback profile, many buyers do not offer on your items. You can also find eBay, auction it for your collection to take a percentage. Sometimes this works welland sometimes not.
At the moment it is assumed that you have to sell a reasonable offer and you decide. By the way, this should send a written offer by mail or e-mail. Often, the buyer may be located in another city / country. No buyer will send you a check until you have seen the collection. If the collection is large enough (many, many thousands of dollars), some buyers will come to you. Otherwise, the computer is to send a very valid option for the buyer to collect e-mail. Yes, this isjust above the e-mail. Wait, you say, that sounds risky. Maybe, but if you take precautions, you'll be fine. First, the package collection very well. Make sure that no loose coins to ring the bell. The sound of jingling coins is music to the ears for a thief. So be sure to wrap well and closely. When you send e-mail, the USPS is quite safe. In general, you want to be, USPS Priority Mail. Contact your local post office, as you can free boxes. In general, it haswant to use the Flat Rate options as you can ship up to 70 pounds for less than $ 10.00 (excluding insurance), but ask your local postal officials for options. For your own protection, you must insure your package and pay for delivery conformation. Add a detailed list in the package. Most merchants appreciate this, as shipping for the checklist. If all goes well, you can expect a check in the mail in no time.
In summary, here are tips
1 Do you know what you have,Develop a comprehensive inventory
2 Find a few dealers before you contact.
3 Talk to gauge interest first coin dealers
4 Send an e-currencies. Package to ensure good and
5 Rating of the offer
6 Collect the money!
As always, happy collecting!
