How To Sell Gold And Silver Coins

On that specific day before i even dared enter that coin shop with those 10 gold eagle coins to sell i checked and knew with my smart phone a what the current gold spot bid price was and b what other high volume online retailers were bidding at that moment on gold eagle coins.

How to sell gold and silver coins. The best you will do here is get bullion value for coins that could be worth several times more. Additionally don t go to a. It s also a good idea to know the current price of gold or silver. There are also rare collectible numismatic coins can sell at a sometimes very high premium more than the silver gold value alone. Silver price only affects junk silver coins or culls only dealers have been ripping people off paying spot price for very rare coins.

The most common are bullion coins e g. Generally speaking most people go to a pawn shop or bullion dealer. To sell gold coins try selling them online through a reputable gold trading website for convenience. Reputable precious metals dealers are often few and far between in person but many are moving their business online opening up new possibilities and risks. You can also sell your coins on an auction website like ebay where you might be able to find a customer who is willing to pay more money.

Certain coins with numismatic or historic significance fetch a higher price than their bullion value. Do not go to a store or jewelry shop that has a big we buy gold and silver sign in the window. Take your gold coin to a jeweler or pawn shop. Went to sell some today slabbed graded peace dollars 1 is ms 65 value is 160 been to 4 dealers and their offer is 13 00 to 17 00 avoid dealers like the plaque. Where to sell your gold and silver.

Avoid the quick cash grab. Look for a reputable jeweler or pawn shop take your gold coins to them and ask to have an estimate to assess their value. You might find that a few dealers make offers around 10 percent below retail value. American gold eagle south african krugerrand which sell for approximately their base silver gold value. It is an option to sell directly to a jeweler or pawn shop but you should make a trip to either or both places no matter where you sell.

If you are looking to sell gold or silver coins be sure to check if they have any additional worth beyond melt value. If one dealer makes an offer 25 percent below retail you ll know you should steer clear. For instance does the coin have historic value. Selling the rare coins you ve inherited 2nd edition. Once you have some gold and silver to sell you need to decide where to bring it.