Places That Buy Coins Near Me
If so, you have come to the right place! With decades of experience, the creators of Sell Coins Near Me understand that selling single coins or coin collections can be a daunting task. Regardless of if you are a lifetime coin collector or recently inherited a coin collection, when it comes time to sell coins you have many options out there. Our goal is to simplify the process for you by laying out a clear path for you to follow and hopefully educate you along the way.
places that buy coins near me
Now that your coins are separated, it is important to document what you have. Use our Coin Database to match the coins that you have separated with what they are called in the Numismatic (collector) world. We have structured our database to begin with the smallest denomination and works its way up. As you will see, within each denomination the type of coin is listed in chronological order.
Let me start with a disclaimer: 99% of the time you will not receive the value listed in any of the guides that you use for pricing purposes when you sell coins. The guides are just that, a guide for you to establish a range that you could reasonably expect to receive for a coin. In our experience, the guides often show an inflated value to what similar coins have sold for in recent auctions. That means that if the guide says your coin is worth $500, but, recent auctions have had similar coins sell for $300, more than likely you will be offered somewhere around $300 for your coin.
Rarity can be looked at as the number of coins that are still available for purchase today. A coin that only has a few thousand in collectors hands is worth more than a coin that has millions in collectors hands, as you would assume! The rarity of each coin can be found through the guide links at the bottom of each coin description page in the database.
When you sell coins, one of the most important things to understand is the difference between numismatics and melt value. A coin produced with a precious metal such as gold or silver is worth at least the value of the precious metal that it was made with (melt value). Numismatics comes into play when there is an additional collector value, or premium, on the coin.
Prior to 1965, the majority of United States coins contained either gold or silver. Although there are some exceptions, such as war nickels and Three Cent Silver coins, it is safe to assume that all coins minted prior to 1965 from a dime to a $20 Double Eagle contain either gold or silver and have a melt value. The melt value is tied directly to the current Silver Spot Price or Gold Spot Price. Since these coins were made of 90% of the respective precious metal, it is helpful to use a current melt value chart for your coins. Here are links to two useful coin melt value charts from NGC: Silver Coin Melt Values & Gold Coin Melt Values. Any selling premium on top of the melt value comes from the Numismatic Value.
Numismatics is the study of coins, paper currency, and medals. As mentioned above, the prices that collectors will pay are driven by both the rarity and condition of the coin(s). Regardless of the metal composition of the coin, many coins have a very high numismatic value. Using a Half Dollar for example, a 1964 Kennedy Half Dollar has the same amount of silver in it that a 1921 Walking Liberty Half Dollar has. Based on melt value alone, these two coins are of equal value. The difference is the Numismatic Value: a 1964 Kennedy Half Dollar is widely available in any condition and as a result is typically worth just the value of the silver (there are some exceptions to this); whereas a 1921 Walking Liberty Half Dollar could fetch thousands of dollars depending on where it was minted and its condition.
We are here to answer any and all questions. While we do buy a single rare coin or an entire collection, we may not always be the best person to sell to. In a situation where we feel like there might be a better or more logical buyer, we can refer that person to you free of charge. We are in the business of buying and selling coins because we have a passion for coins and the history they represent. Please give us a chance to share our knowledge with you.
Do you have some old coins that you want to sell, but don't know where to start? All too often, people who aren't collectors fail to get the best price when selling old coins. This guide will help you become an informed seller and know if you're getting a fair price for your old coins.
Now that you have an idea of what your coins may be worth, it's time to decide where to sell them. Different types of coins have different markets. Your corner coin shop is probably not the ideal buyer for your $500 Morgan silver dollar, and a coin dealer with a fancy showroom and gold coins on display may not be the best place to sell Buffalo nickels.
If a dealer has too many of the type of coins you want to sell, they will likely offer a lower price than a shop that is running short on them. This is why you want to visit more than one coin dealer. Local coin shops are not high-volume businesses, so they try to not keep money tied up in excess inventory.
On the other hand, dealers will be busy making sales and purchasing coins that are in demand by their customers back home. They might not have the time to devote to carefully looking over your coins, especially if they are busy. That said, if a dealer asks you to come back later, it means that they are interested in your coins. If you have coins that are in demand, you will get a good price at a coin show.
If you have a popular and valuable rare coin, it might be time to talk to an auction house that specializes in rare coins. Heritage and Stack's Bowers are the two largest players in the rare coin market. Consigning your coins to a major auction house gives them exposure to a global audience of coin collectors, maximizing your chances of realizing the best price.
"Hotel Room" Coin Buyers:These people travel from town to town, setting up in hotels for a few days and placing big ads in the newspaper guaranteeing high prices for coins. Their goal is to entice people who have inherited old coins to attend the event, banking that they don't know how much their coins are worth.
These people do know how much your coins are worth, but will never tell you that. Many times, they succeed in buying someone's coins for less than the melt value. It should go without saying that you should never take your coins to one of these events. No one can claim that all "hotel" gold buyers are shady, but there are too many stories of people being taken advantage of to risk it.
Junk silver is one type of coin that is easy to sell over the phone. Just call around and ask what they are paying for junk silver. Since junk silver is bought and sold for its metal content, there's no worry about missing out on a big payday (unless you didn't go through the coins looking for rare ones!)
Now that you've put in the work, you have a good idea of what your old coins are worth. You know the pros and cons of different coin markets and can negotiate on an equal footing. Good luck on selling your old coins!
If you are searching for local places to sell your coins, then your most common options are likely to be pawn shops or local coin dealers. Depending on where you live, you might have many buyers to choose from, or your options may be limited.
If you need to buy or sell coins, finding a reputable and honest coin dealer is not always easy. You want to find a coin collector or coin appraiser who is ethical and won't rip you off. BBB can help you find highly rated and BBB Accredited coin shops near you. To see only BBB Accredited coin dealers, use the filter.
The most common Pre 1964- United States Coinage is made from silver. So, nickels, dimes, quarters, half-dollars, and dollars from that time period are ninety percent silver and worth more than their face values. Other coins pre-dating 1964 that may hold value are Silver Morgan and Peace dollars, Kennedy half dollars, Benjamin Franklin half-dollars, silver Mercury dimes, Roosevelt dimes, Barber dimes, silver George Washington Quarters, standing liberty silver quarter war nickels, and more.
There are certain significant U.S. pattern pieces that have significance. If you have questions about what these coins look like or want to sell coins for cash, bring them into our Quincy, MA pawn shop for an appraisal. Significant U.S. pattern pieces include the following:
We will provide you with a no-obligation offer on what we can pawn your coins for or what the coins are worth in cash. We guarantee that there is no better place to turn to when you want to sell gold coins for cash. Come visit us at our Quincy, MA jewelry store today so we can help you get the cash you deserve for your unwanted gold coins.
If you are looking for a rare coin exchange with private coin experts in the rare coin market, The Jeweler & Loan Co. Quincy, MA, should be your only resource. We also offer the following services to our clients that include buying Rolex watches, buying diamonds, buying old coins, buying jewelry for cash, buying gold for cash, buying silverware for cash, and buying silver for cash.
Amazing coin shop!! All of the staff are friendly, helpful and go above and beyond to answer any questions that you may have. This staff is amazingly knowledgeable of all coins; they will even give you the learning material and teach you about your coins!! If you need to add anything to your collection, this is the place to go!!
This place is absolutely AMAZING! First off, I know nothing about coins. The staff there was EXTREMELY friendly and knowledgeable!! The man that helped us (I never got his name) was an astounding help with appraising my coins and informing me about starting up a collection. The woman there was amazing as well with everything. You can definitely tell they have a passion for their work! I am definitely going back!! 041b061a72