Sell Coins, Gold and Silver Near Me
If you want to Sell Coins, Gold and Silver near me, contact Fairfax Coin and Bullion Exchange.
We offer FREE appraisals with your purchase.
Will buy your broken or unwanted gold, silver and platinum necklaces, rings, bracelets, odd earrings – we’ll buy it all!
Sell your coins: Find the best buyers near me
Collectible and antique coins have a high value and can bring a significant profit when sold. Having inherited such coins or collections, it is important to follow certain storage rules to keep them in good condition. First of all, you should store the coins in special packaging or albums that protect them from dirt and damage. Avoid excessive humidity and sharp temperature fluctuations, as this can negatively affect the condition of the coins.
If you decide to sell your collectible or antique coins, it is important to find a reliable buyer near me who will offer you the most favorable price. One option is to contact Fairfax Coin and Bullion Exchange, a company that specializes in buying coins. We have a team of experienced professionals who can offer competitive prices that are favorable to you.
With years of experience, Fairfax Coin and Bullion Exchange understand that selling individual coins or coin collections can be a daunting task. Whether you’ve been a lifelong coin collector or have recently inherited a coin collection, when it comes time to sell coins, you have many options. Our goal is to make the process easier for you.
To maximize the benefits of the sale, it’s worth carrying out a preliminary assessment of the collection. This may include looking at the rarity of the coins, their condition, and current market trends. It is always a good idea to get multiple offers from different buyers to compare and choose the best option. When you contact Fairfax Coin and Bullion Exchange, you can rest assured that your coins will be graded in an honest and transparent manner. This is important because grading collectible and antique coins requires attention to many details, including year of issue, mintage, condition, and historical significance.
So, if you want to sell coins near me, you should pay attention to their preservation, conduct a thorough appraisal and contact reliable professionals to get the best price in your market.
How to sell coins?
When it comes to selling coins, it is important to know exactly what you are offering on the market.
This will not only affect your understanding of their value, but also the success of the sale itself.
The process of assessing a collection may seem complicated, but if you break it down into stages, it becomes more manageable and understandable.
- The first step is a thorough analysis of your collection. You need to study each coin in detail: its denomination, year of issue, mintage, metal from which it is made, and, of course, condition. Coins in excellent condition are especially valuable, and their value can be significantly higher than their face value.
- The second step is to study the market value. This can be done by looking through special catalogs and reference books on coin assessment, as well as by studying current offers on auction sites and in online coin stores. Remember that the coin market can be volatile, and current prices may vary depending on the region or demand for specific coins.
- The third step is to assess the uniqueness and rarity of coins. Some coins may have special characteristics or historical value that make them especially valuable to collectors. These may be limited editions, coins with errors, or issues related to certain historical events.
- The fourth step is proper storage and presentation of the collection. The evaluation and sale of coins directly depend on their physical condition. Store them in conditions that prevent wear and damage, special albums and holders are desirable.
Once your collection is prepared, you can confidently begin negotiations with potential buyers. These may be private collectors, specialized stores, or coin dealers. Each of them will offer you their own terms, and understanding the full picture will allow you to achieve more profitable results in the sale.
Appraising your coin collection
Coins, like many other collectibles, have a value, and it is often determined by how much someone is willing to pay for them. Two key factors that collectors look at are the rarity and condition of the coin.
The rarity of a coin can be understood as the number of copies that are still available on the market. For example, if a coin is owned by only a few thousand collectors, its value will be higher compared to one that is owned by millions of people. Information about the rarity of each coin can be found in a database, usually in the description section. Often, such lists contain links to sources confirming the rarity.
The condition of the coin is another critical element of its evaluation. Collectors use a special grading scale that ranges from 01 to 70. This is the so-called Sheldon scale, where lower grades indicate a coin in worse condition (e.g. worn or damaged), and higher grades indicate a better condition (e.g. near perfect). To find similarities and determine condition, use resources such as PCGS Photograde, which provides images and descriptions of coins at various levels of the scale.
Once you have collected information about the value of the coins you are interested in, it is worth recording the expected price in a table. Evaluating and determining the value of coins is an activity that takes time and experience, but even initial estimates can be useful. If your expectations differ greatly from the offers, do not hesitate to ask collectors or dealers about the reasons for the discrepancy. This may be an underestimation of rarity, condition, or other characteristics of the coin.
Buying and selling coins gives you the opportunity to get opinions from different experts, which can help in more accurate evaluation and further education in this area.
Value of coins
When it comes to selling coins, it is important to consider two aspects of their value: numismatic value and metal value. Coins made of precious metals such as gold or silver have an intrinsic value equal to their weight in those metals. However, they may also have a numismatic value, which is determined by their collectible value.
- Prior to 1965, most coins in the United States contained gold or silver. It is safe to assume that coins minted before that time, from the dime to the $20 Double Eagle, contained precious metals. These coins, being 90% gold or silver, have a value per gram that depends on the current market price of the metal. To estimate this value, coin melt value tables are often used, which show how much such coins are worth in monetary terms based on the value of the metal they contain. An additional amount to this value may be determined by the numismatic value.
- The numismatic value of coins is determined by their rarity and condition. For example, coins that were issued in limited quantities or those that have been well preserved may be worth significantly more than the value of the metal they contain. An example is the 1921 Walking Liberty Half Dollar, which can be worth thousands of dollars due to its collectible value, while its modern counterpart, the 1964 Kennedy Half Dollar, may be worth about the same as its silver content.
When selling coins, it is important to avoid places like pawn shops or stores with “We Buy Gold” signs, as they often value coins based only on their metal content, rather than their collectible value. Such establishments may only offer face value, keeping the numismatic value for themselves. This can result in a significant loss for the seller. It is better to turn to private collectors, dealers, or specialty coin shops to get a fairer price.
Contact our experts
Are you looking to sell coins, gold and silver near me?
Contact Fairfax Coin and Bullion Exchange.
We offer formal appraisals on coin collections when needed, as well as buying the estate outright, whichever fits your needs.