How to Sell Gold and Silver Coins for the Best Price

Collectible coins

Calling all coin collectors! What is the number one rule when you’re planning to sell coins in gold or silver? Make sure you get the best price for your unique collection, of course. Thankfully, you don’t have to be a savvy coin expert to maximize the return on your investment. All it takes to sufficiently pad your wallet is a healthy dose of industry insight from local experts who are in the know.

In this blog post, we’re sharing the following helpful insider secrets on how to sell gold and silver coins for the most money:

  • Check the current market value
  • Authenticate and appraise your coin collection
  • Follow storage and handling best practices
  • Choose a trustworthy dealer

If you want to sell coins, keep reading as we dive deeper into these hints for getting the most bang for the buck.

Check the current market value

Just like market prices fluctuate daily for commodities such as lumber and oil, the precious metals market also goes up and down with supply and demand. If you want to get the best price for your collection, sell gold and silver coins when the market values are higher. However, you can still reap a financial reward if the values are trending downward because you can ‘cash out’ before values dip too low. The Precious Metals Spot Price tracker on our homepages is an excellent resource for understanding the current value of gold, silver, platinum, and palladium, helping you get the most for your coins.

Authenticate and appraise your coin collection

The next step to getting the most money when you sell gold and silver coins is to authenticate and appraise your collection. Knowing precisely the coins you have and how much they’re worth can prevent you from accepting a dealer offer that is too low. Perhaps you have a rare gold or silver coin in your collection that could yield a significantly higher return, like the 1894 Barber dime, one of the most valuable dimes in circulation.

Interested in a no-cost coin appraisal? Visit our store or contact us, and we’ll come to you.

Follow storage and handling best practices

When you want to sell a gold or silver coin collection for the best price, store it safely in coin sleeves, albums, or cases and place it in a cool, dry environment away from humidity and extreme temperatures. When handling your gold or silver coins, hold them by the edges to prevent oils or acids from damaging the surface. And while it sounds counterintuitive, avoid cleaning your coins to preserve their value. Discover more tips for maximizing the value of your collection on our blog.

Choose a trustworthy dealer

Finally, getting the best price when you sell gold or silver coins also comes down to working with a fair and reliable buyer and appraiser. Look for a dealer with integrity that follows industry best practices and use caution at pawn shops and coin shows, where you may not receive the fairest price for your collection.

For over 15 years, we’ve helped our friends and neighbors in the Doylestown area buy and sell gold and silver coins at the best price. Led by our graduate gemologist Greg Glemser, our family-owned business is trustworthy, honest, and reputable. We invite you to discover the difference our customer-centered approach can make. Request an appointment online or contact us to learn more about how to sell your gold or silver coin collection for the most money.

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