it is becoming more common trade foreign coins and bills, that could be valued at hundreds or thousands of dollars. In this way, anyone could have a collector’s item in their possession.
So, if that is the case, where to sell the coins and notes that are worth thousands of dollars in the United States? Next, we reveal the safest transaction alternatives and those that you should avoid.
PLACES YOU SHOULD AVOID WHEN SELLING COINS AND BANKNOTES
Perhaps influenced by some television programs, one of the first places we could imagine to sell this type of pieces They are pawnshops. However, portals like The nation consider these to be worst establishments to market our coins or bills.
Although there are specialists in numismatics on these sites, this option would be ruled out because they offer lower prices compared to the real value of the items you have in your possession.
In addition, it is recommended avoid the fans. In itself, they also pretend purchase items at low cost. But not only that: they intend to buy the coins and bills to increase their collection and sell them at a much higher cost as a whole.
THE RECOMMENDED PLACES WHEN SELLING COINS AND BANKNOTES
1. Auctions
Most experts agree that The best alternative to market coins and bills are auctions. Often at these public sales make their appearance serious collectors, who are willing to offer the true value of the product. And, if there is competition, even more.
It is worth noting that various companies offer this service online or in person. The requirement to participate is usually to give the organizers a commission if your piece sells.
Remember that if you want to earn much more money, You can auction off a whole collection. Collectors prefer to save the time it would take to search for each element separately.
2. Coin shops
Another great alternative are the stores dedicated to numismatics. They have qualified personnel who could pay you seemingly attractive prices almost instantly.
However, you should keep in mind that, on a regular basis, they offer a price below the actual value of the item. That is, between 30% and 50% of the true cost of the coin or note.
3. Collector websites
The referred medium recommends visiting these types of websites, in order to determine the special characteristics of your item, its cost and information on available auctions. They stand out among them: APMEX, Great Collections, Coinappraiser, Heritage Auctions, Coin World, Stacks & Bowers, and Marketplaces.