Last updated on May 2nd, 2024 at 03:35 pm
Last Updated on May 2, 2024 Posted by Colonial Acres Coins
When It comes to coin collecting, there are some things everyone should know. Selling your coins can either result in a good profit or significant loss. Factors such as: your negotiating skills, level of urgency, the coins you are interested in selling, all have an impact on the price of the coin. Visit Colonial Acres for more information, and pay attention to the following coin selling tips in the meantime:
- Sell at the right time
- Be on the lookout for auctions
- Think about leaving your holder coins in old holders
- Make an emergency plan just in case
- Do your pricing due diligence
Sell At The Right Time
The best time to sell your coins is the summer at the ANA World’s Fair of Money in July or August and the FUN (Florida United Numismatists) show in January. The traditional coin seasons are blurry thanks to the internet, but not so much that they have changed completely. Chances are you will do better when people are in a coin-buying mood, not when they’re concerned with preparing for the winter holidays or summer vacation.
Be On The Lookout For Auctions
Everybody wants to get a record-setting coin sale, but it’s not nearly as easy as it sounds. Let’s say there’s a certain type of coin that was just sold at an auction for a great amount of money. You own a similar coin. Should you try and sell your coin right away? Maybe, maybe not. If you’re willing to experiment, then go for it. You might get lucky and find an underbidder who just missed out on a record-setting coin. There are many factors at play in auctions.
Think About Leaving Your Holder Coins in Old Holders
If you have an old holder coin worth $2,000 that has the potential to be a $4,000 coin if it upgrades, leave it alone. Let the buyer take the gamble after you’ve priced it accordingly. But if you have a $2,000 old coin that could be worth $10,000 if it has a good upgrade, then it might be more lucrative for you to regard the coin yourself.
Make An Emergency Plan Just In Case
Unexpected turns are a part of life. What would happen to your coins if you died or became incapacitated? In order to avoid your loved ones not being taken advantage of after such an event, make sure to leave specific instructions on how your coin collections should be dealt with.
Due Your Pricing Due Diligence
It should be possible to price your coins depending on the type you’re selling. Consider the important things. These could include putting your coin or coins at auction if they are rare or extremely rare. In order to maximize the prices you get, it’s best to consult a specialist dealer. They can be a great resource for selling rarities.
Looking For Honest Experts To Help You With Appraisals? Look No Further Than Colonial Acres
If you’re looking to unload your entire coin collection in one go or need help with appraisals of single coins or sets, contact Colonial Acres Coins. Colonial Acres is home to a number of seasoned and experienced numismatists who work together to maintain the company’s reputation as one of the fairest and most professional coin dealers in Canada. The expert team at Colonial Acres will have no problem sharing information or knowledge with you, as well as offering some pretty amazing coin pieces at the same time. Get in touch with the company today and seek professional help with your coin collection.
