If you have old coins lying around the house you want to sell, you may be disappointed to find that they are not worth what you rented that would be, or you may just be confused about what you can expect for them.
A Coin Dealer Estimate
Going to a coin dealer to get an estimate of worth might cost you some money and you still might not be sure if the information you obtain is factual. Of course, the last thing you want to do is sell them for too little. What is the best way to determine how much your old coins are worth?
Coin Grading Using Photographs
Some services offer estimates based on pictures you send, which should include the front, back, and edges of the coin. The photographs must be of high quality or the whole exercise is a waste of time. Lighting and exposure should present the coins exactly as they are. Some good digital cameras make this possible without the need of a professional photographer.
Grading Using Online Sources
Another choice is to use online sources to determine an estimate based on your own grading of the coins. This requires some effort on your part because there is no way to correctly price a coin without taking into consideration the condition and its authenticity.
You must have a good knowledge of the grading system to be able to determine what your coins are worth. Several online sources can supply you with explanations of how the grading system works, but you must be completely honest with your assessment of each coin. Any coins you have that have not been circulated because they were in a collection are easy to put a number with, but all others must be graduated.
Coin value advisers research price trends in collectible coins to determine what the fair market value might be. They put these estimations in coin value tables that make it easy to see the history of a coin and trends that may affect the worth present and in the future. While historical performance of a coin is no guarantee that it will increase or decrease in value, coins that have shown steady gains over a long period are safe bets to have increased value in the future.
The Proper Time to Sell Your Coins
You may find that some coins are best to sell immediately while others will increase more in value if you hold them longer. If you do your research and grading correctly, you may find many ways to get the most from the sale of your coins.
Online numismatic information can also include topics about buying and selling coins and the rate of return to expect for most coins.
After evaluating the coins you have, you may also find dealers online who are interested in making you an offer for your coins. You may not get the full amount you think you should for what you sell, but there should not be a large discrepancy if you have properly graded your collection.
Not all old coins are valuable. It is better to know that rather than hold on to currency that may never be worth more than its face value.