How to Sell Coins Online

If you are looking to make a make a few extra dollars and have some old silver or gold coins that you’re interested in selling, you may want to sell coins online to receive more for your coins. Some old coins, especially those made from silver, gold or platinum bullion, as well as proof coins composed of precious metals, are highly sought after coins. In this article, we’ll present several available options should you decide to sell coins online.

When you boil it down, there are essentially two ways to sell your coins online, which are as follows:

* Auction Sale. Plenty of online companies offer coin auctions, which are geared toward both buyers and sellers. In terms advantages, coin auction websites that have established a long-standing reputation in the industry give your coin plenty of exposure, as some auction sites cater to the domestic as well as the international market. This may increase the likelihood of a strong selling price – especially if you don’t have many local coin buyers in your vicinity.

However, there are a few potential drawbacks that you should take into consideration. First and foremost, selling your coins through an online auction service can be extremely expensive. The listing fees, auction fees, and if you choose to ship your coins free of charge, which is a common option selected when selling coins through an auction service can run 15% or more of the total sale price. Furthermore, there’s no way to know in advance who you’re doing business with. Since online auction services don’t necessarily pre-screen buyers, you could find yourself part of a scam. Even if this isn’t the case, if the buyer contests the sale of the item, you can still find yourself potentially out hundreds of dollars if a claim is filed and the online auction service finds in favor of the buyer.

2. Online Coin Dealer. This brings us to the next potential option, which is selling your coins online to an online coin dealer. These days, it’s no longer necessary to conduct business online, especially when there are reputable online coin buyers who have impeccable reputations, and are rated as an “A” business by the Better Business Bureau. This option far outweighs some of your local options – especially if your local options consist of pawn shops, jewelry stores, or “we buy gold” stores.

A good online coin dealer will provide you with thorough easy to follow guidelines so that it’s clear what’s required on your end. The process should be as simple and streamlined as possible. The reputation of the online coin buyer should also be researched. This is fairly easy to do by checking their rating with the Better Business Bureau and by doing a general web search on the company to see if any previous customers have filed complaints. Multiple negative experiences from prior customers is a sign that you might want to consider looking elsewhere.

So if you’re contemplating reaching out to a broader segment of the coin industry without having to leave the comforts of your house, consider the option to sell coins online. Find a reputable company rated by the Better Business Bureau with a long standing history of honesty, integrity, and customer service and check if they offer to buy coins online. With a little bit of time and research, you can profit substantially from selling your coins online. Who knows – you might even find an online coin dealer that’s willing to offer referral commissions, so you can also benefit by referring friends and family to your chosen online coin dealer.

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