Tips for Selling Your Coin Collection This Holiday Season for Some Extra Spending Money
The temperature is beginning to dip, the roads are getting icy and Christmas is only a few short weeks away. With the holidays comes an increase in spending, and many Markham coin collectors decide to sell pieces from their collection as a way to have more cash.
Regardless of your financial situation, it’s important to know that you are in the driver’s seat when it comes to selling your coins. There are many ethical coin buyers out there, but there are also some ‘sharks’ that may take advantage if they know you’re looking for some holiday cash. Putting yourself in a situation where a sale feels forced can affect your appraisal price.
Spend some time and research your collection. Not everyone is an experienced coin collector, and that’s okay. There are lots of great online coin pricing guides and books on the market that can really help you determine the fair value of your coins. It’s always best to work with an experienced coin collector when you’re interested in selling coins. For example, our team of Markham coin appraisers is experienced in evaluating a range of coins from Canadian Mint, US Mint, ancient coins, paper bank notes and anything else found in your collection.
Don’t be afraid to ask questions while your coins are being evaluated, you’ve worked hard building your collection and a reputable coin dealer will want you to know that you’re getting a fair price. Remember, even the best coin shop is still a business and they need to make a profit, this will be reflected in the price you’re offered.
Many people try to earn more money for their coins by cleaning them in advance. Cleaning your coins at home will generally lead to them being worth a lot less. A coin with some dirt and dings will generally be worth more than a clean coin. Bright and shiny isn’t necessarily a good thing when it comes to coins. Collectors expect that a coin will have a certain level of blemishes and dirt. Any experienced coin collector will notice that coins have been cleaned and it will instantly take away from their value.
Coin auctions can be another great way to sell coins, especially if you’re trying to sell an entire collection. Most coin auctions happen both live and online and it can be an excellent way to sell an entire collection quickly. The Internet offers a great opportunity to sell your coins to a much larger market.
Like anything else, coins will fluctuate in value and certain coins are worth more than others at any given time. It might be a good idea to sell coins trending in value when they are at their peak selling price. This is the best way to get the most value.
At Pacific Coin & Currency, we’ve earned a reputation for being a great place to buy and sell coins in Markham, our team will guide you through the entire process. We understand that selling your coin collection can be difficult, even if you need some more spending money this holiday season. Our team of experienced coin appraisers will give you the peace of mind of knowing that you’re getting the best prices in the market.
Once you’re ready to sell us your collection we’ll make the process extremely easy. You can either visit our Markham, ON location or submit your information to our team online.