How to sell your old coins online

So you’ve just inherited some old valuable coins, or you’ve had them lying around in a box somewhere for ages, maybe you bought them and it’s just time to sell. 

But where do you start?

Whether they're silver, gold or copper coins the basics of selling your coins pertains to all of them.  We'll briefly go over the best way to get those valuable or rare coins to sell!  

Where To Sell Coins Online

First things first is a website to sell your gold or silver coins on!

You’ll have to decide which one is best for you, we’ve got a list here of our top 5 places to sell coins online you can check out. 

Our top pick is coinsforsale.com, as they’re a marketplace specifically for coins, and have the lowest fee out of any of the other websites.  But you should be sure to read through and weigh the pros and cons of each one to determine which is best for you.

Once you’ve figured out

where you’ll sell your coins, your next step will be to start taking pictures and listing them right?  Close!

Grading Your Old Coins

You don’t want to barge ahead and list your coin at a price when you’re not even sure what that coin is worth! You could end up selling it for far less money than you should.

Check out resources like PCGS to see what range the coin you’re trying to sell is in.  Compare your coin to photos of different grades of coins (If yours isn’t already graded) to figure out roughly what condition it may be in and how much it could be worth.

If you think your coin is worth over $100, it’s probably worthwhile to get it graded by a professional grading company, like PCGS or NGC.  A grading for more valuable coins could mean the difference of at least a couple hundred dollars, but probably much more than that!  Especially if you’ve got a real rarity on your hands! 

Once you’ve determined about how much your coin is worth (remember not to undervalue true rarities, or overvalue common coins), you’ll want to take your photos (unless you had your coin graded by PCGS, I believe they take photos for you) try to get as clear of a picture as possible. If your coin is slabbed you’ll want to polish the slab to make sure there are no visible scratches obscuring your beautiful coin.

Now we can list the coins!

What’s Your Coin Story?

If you haven’t already, you should familiarize yourself with your coins.

 Get to know their stories.  All the little details about them that you might not see or think of at first glance.  What happened in the year they were minted? Is there a specific story tied to the design on the coin? Or maybe just some interesting markings that make it stand out from other coins. 

Perhaps you personally have a story about the coin that adds that little bit of interesting flair to it.  This is part of why coin collectors, well, collect! The stories behind the coins, the state of the world when that coin was made and being passed around in commerce. 

Once you’ve found out the story of your coin, write a paragraph or two describing your coin and incorporating your story. 

Remember, you want to tell them why they want this coin.

Waiting For That First Sale

If your coin doesn’t sell right away, don’t be discouraged! It takes some time to figure out price fluctuations, and sometimes people just aren’t biting.  If your coin doesn’t sell right away, don’t immediately lower your price, try beefing up your ad a bit. 

How’s your description? Do you have a story about the coin? Is your description pleasing to look at it? Or does it just look like a giant chunk of text that your brain doesn’t even want to process?

Do some more looking around and see what other people are doing, what ideas are they incorporating to sell their coins? Are you selling a coin that somebody wants? If you work on selling coins that are in demand and desired by coin collectors, you’ll get buyers.  You just have to find the right combo between desirability and price. 

It may take a bit of time, and a little bit of work, but you’ll get it! So what are you waiting for? Go look through your coins, and then get selling!