Every coin is a treasure to a devout collector, but there may come a time when you are ready to let one go and find the next great addition. In this case, you will need to learn a bit about pricing and coin selling. Instead of accepting the first offer that comes along, use these three tips to make a smart and rewarding transaction.

How to Sell Your Coin Collection

1. Give It Time

With coin selling, it is in the buyer’s best interests to take matters slow. The average length of an advantageous coin sale is around 45 to 60 days. This will allow you enough time to get various estimates or offers, negotiate with buyers or dealers, and ensure you are making the right decision. If a buyer or dealer ever tries to rush you into a sale, you should probably take your asset elsewhere.

2. Care for the Container Wisely

While you should never clean rare coins, it can help to tidy up the containers you store them in. Just as you would wash and wax a car before putting it on the market, cleaning the smudges and scratches off the clear coin slabs may increase the offers you receive. Plus, clear, clean slabs make it easy for buyers to see the details of the coin without removing and handling it. 

On the other hand, if your coin comes in a container that is just as old and rare as the coin itself, you should not try to alter it in any way—this could lower the value of your sale overall.

3. Pay Attention to Trends

Just like the fashion industry and the stock market, coin collectors can get swept up in trends. As a seller, it is your job to pay attention to those waves, so you can pick the perfect time to make a sale. You can keep an eye on the “news” section of the United States Mint website, the NGC World Price Guide, the Redbook and Bluebook, as well as the Heritage Auctions site to keep track of coin values and recent sales trends. You can also learn what buyers in your area are looking for by talking to a local coin dealer. 

To learn more about coin selling in the Cincinnati, OH, area, turn to the experts of Coins Plus. These trusted numismatists contribute to the Redbook and Bluebook pricing guides, and they are the city’s only “National Award Winning and PNG Dealer." With their guidance, you can learn more about the true value of your collection and how to care for and grow it. For more information about their appraisal services, visit the website, or call (513) 621-1996 to speak with a friendly team member.