Collecting coins is a fun hobby that many people engage in, whether it's for the thrill of the hunt or showing off unique coins to friends and family. If you're no longer looking collect anymore and want to sell your coin collection, remember these tips.
Clean Your Collection
When interested buyers see your coin collection, you want them to be impressed. They won't be if your coins are dirty and unappealing. To ensure this doesn't happen with your sale, you need to thoroughly clean your coin collection.
Cleaning coins isn't that difficult either. Most of the time, you should be able to use some regular water and mild liquid soap. So that you don't scratch any of your coins during this cleaning process, be sure to use a microfiber towel. It has fine fibers that are extremely soft. Using this towel, wipe down your coins with soap and water until they're completely clean.
Get a Price Estimate
Before putting your coin collection up for sale on the market, you first need to know how much it's worth. Otherwise, you may accidentally take a low-ball offer that prevents you from maximizing your return. To avoid putting yourself in this position, have your collection evaluated by a professional.
Find someone in your area who's experienced with buying and selling coins. Get their advice to see what price baseline would work based on the rarity and completeness of your collection. If you're hesitant about taking their price advice, take your collection to multiple coin experts to get an average price estimate.
Line Up the Right Buyer
So that this selling process goes smoothly, you need to line up the right coin buyer. Today, there are many paths you can take when finding buyers. You could, for example, search the internet for online buyers. This platform enables you to make a sale quickly. The only thing you need to make sure of is showing the online buyer exactly what they're getting through in-depth pictures.
You could also take your coin collection to pawn shops. Although you won't get as much money for your coin collection as you could with other buyers, you'll be able to hand over your coins right away. Just make sure whoever you work with at the pawn shop doesn't low-ball you too much.
Collecting coins is addicting and fun, but at some point, you may wish to cash them out. You can make sure this transaction works out in your favor by following a strict selling protocol.