Skip to content
COLECCIONISTAS DE MONEDAS

How to Sell coins to Coin collectors Near me

EXTERNAL SOURCES: pcgs.com ngccoin.com coins.ha.com
INDEPENDENT SOURCES: usmint.gov money.org

Ed. note: This article is periodically updated to reflect the current price of most valuable coins.

Updated 3 Jul, 2022 •reading-time 6-8′

 

If you want to know where and how you can sell old United States coins, you have come to the right place because here, you will be able to learn all the keys to making a good deal with the sale of your coin collection to a coin dealer or coin shop. 

Whether you enjoy the coin collecting hobby or are in the industry as an investor, you will find this article extremely interesting.

coleccionistas-de-monedas-home

KEY TAKEAWAYS

  • The price trend in some of them is increasing, so it can be a very good investment if you want to sell it to a U.S. coin collector after a few years.
  • The degree of conservation of the coins is usually the most important aspect when determining their value. In some cases, rarities or errors raise their price exponentially.
  • Selling valuable coins for melt value (for their metal composition) should always be a last resort. Look for all the information about it first and find its real value.

What coins are collectors looking for?

Can you have one of the most valuable coins in coin shops in the USA? Look at the updated price list and look carefully for your currency.

Most sought after U.S. coins for Collectors
Coin Value
1. $20 Saint Gaudens Double Eagle 1933 “King Farouk of Egypt” $18,872,250
2. Brasher doubloon, initials on the chest 1787 “Ex Bushnell-Garret Collection” $9,360,000
3. Dollar Bust Drapped 1804 “Walter H. Childs” $7,680,000
4. Liberty Head Nickel 1913 “Louis E. Eliasberg” $4,560,000
5. Trade Dollar 1885 Ex “Atwater-Eliasberg” $3,960,000
6. Flowing Hair Chain Cent S-4 1793 BN “Parmelee-Brand-Naftzger” $2,350,000
7. Copper Quarter Dollar 1792 Judd-12, Pollock-14 BN Ex “Bushnell-Parmelee-Brand-Judd” $2,232,500
8. Indian Head Rolled Edge $10 1907 Ex “Fran A. Leach” $2,185,000
9. Liberty $5 1854-S $2,160,000
10. Aluminium Lincoln Penny 1974-D “Harry E. Lawrence” $2,000,000
11. Seated Liberty Dollar No Motto 1866 “DuPont” $1,500,000
12. Liberty Seated Dollar 1870-S “Col. Green-James A. Stack” $1,092,000

The United States has produced over 2,000 different types of ancient coins for more than 200 years. Some of them are valuable to collectors, such as Morgan dollars, peace dollars, Indian head pennies, or liberty pennies. Some other types of U.S. coins could be worthwhile if they have certain characteristics, for example:

  • Silver Bullion, like American Eagles,
  • Double Eagles ($20 gold coin),
  • Silver coins like Morgan Dollars,
  • $2 1/2 gold pieces (known as Stellas),
  • $1 gold pieces (known as Buffalos) and
  • $3 gold pieces (known as Half Eagles). 

What is the best way to sell old coins? A few quick do’s and don’ts

Sometimes it can be more straightforward to sell your coins to a local seller than to online auction companies such as Heritage Auctions. If you don’t find a dealer in your area in this article, you can search the American Numismatic Association (ANA) directory, which lists coin dealers by location (numismaticos coleccionistas).

How do I find out what my coins are worth?

Do you have old coins and want to sell them? Follow these 8 tips below, and you will surely make the right decisions.

#1 Find the fair market value of your old coins.

  1. Search for your coin in the numismatic database at acsearch.info. Once a piece with similar characteristics is located, write down the name of the auction company, its number, and the lot.
  2. Look at the price reached in the auction on the coin auction aggregator sixbid.com. Please note that the auction company’s price includes approximately 18% commission. Once that amount is discounted, you already have the approximate cost for which you can sell your coin.

#2 Identification: describe your coins clearly, simply, and correctly

First of all, it is highly recommended that you make an accurate description of your coins. This does not mean making a description worthy of a numismatic expert. Following a few simple rules should simply be as relevant as possible. The following are considered essential data:

  • The material and purity of the coin.
  • The mint date and the Mint of issue.
  • Very important: correct indication of the state of conservation.

#3 Take some excellent photos

With a good photo, you will get the buyer to be more interested in your pieces. It is not necessary to have a large photo studio. Follow these simple instructions:

  • Correct lighting: try to avoid shadows.
  • Perfect focus and sharpness: no out of focus.
  • With sufficient resolution, use the macro function of your camera or cell phone (the symbol is usually a flower). The photo that follows is an example of excellent numismatic image quality.

#4 What is the best way to sell old coins? Separate the collection into Logical Groups

If you are in a hurry to sell your most valuable coins, an excellent option is to group them in small batches of 5, 6, or 7 coins. If they are coins with a low unit value, you can make batches of 50 coins. Of course, a rule is always fulfilled: the faster, the more cash in the lot. If you are not in a hurry, sell them one by one, as you will maximize profits.

#5 Places to Avoid Selling Old Coins

It would help if you found trustworthy and professional antique coin collectors. They will pay you a fair price, while resellers will only give you 10-25% of its worth. Most coin buyers will also check recent auction history to establish a fair market value for the coins.

How do we differentiate them? Very simple: you will know it by the price they offer you. Beware of placing ads like: “I want to sell old coins”. The possibility that you will be offered very little money for your pieces is very high. You want to find a coin collector or coin appraiser who is ethical and won’t rip you off.

#6 Always make physical purchases in public places

If you do not know the other person, since they are valuable goods, it is always better to make the physical sale in public places. Meet in a cafeteria or similar, so you can calmly negotiate the deal.

#7 Offer other United States coins from your collection

Even if the buyer is only interested in a specific piece, offering other coins or bills that you have is usually a great idea. Remember that the seller will be part of your list of old coins buyers, and he will likely buy more coins from you.

#8 Look for numismatic events

Coin collecting meetings, events, or fairs are held in practically all the capitals and important cities of the world. These occasions are perfect for selling your coins, as you can auction off your coin collection to multiple buyers at once.

Inventory and Cataloguing

Once your coin collection has been organized into logical sections, it is time for a catalog to commence. It is possible to print this out on one paper piece and put it in two columns for each piece in this collection. It may be worth trying out spreadsheets on your computer for larger collections to organize them. When valuing your coin collection, a second component determines its value. All coin collectors want to collect the new unblemished coin instead of the one whose value has been reduced. So financial products are more popular and in better condition than those currently being sold.

Now that you know how to sell old coins, you must find an establishment near you.

Always avoid pawn shops. These stores will offer you very low prices compared to specialized sites for buying and selling coins.

How do I find a local coin dealer?

Where should I sell my coins? There are many establishments in the United States where you can sell your silver dollars or other pieces with numismatic value. Below you can see our ranking of coin shops in the U.S. where you can sell your coins. Due to editorial policy, we do NOT maintain affiliation or sponsorship with anyone. This listing is independent and based on verified customer reviews.

Who will buy your coins in Miami?

Here you can find the main stores where United States coin collectors shop in Miami and Hialeah.

Where is the safest coin shop to sell old coins?

Aventura Jewelry & Coin Inc

  • Address: 19275 Biscayne Blvd #22, Aventura, FL 33180
  • Rating: 4.2/5
  • Phone: +1 305-933-2646

Miami Gold Coins

  • Address: 13789 S Dixie Hwy, Miami, FL 33176
  • Rating: 4.2/5
  • Phone: +1 786-242-3700

Where can I sell my coins for money in Hialeah?

Hialeah Stamps & Coins Hobby Shop

  • Address: 427 Palm Ave, Hialeah, FL 33010, United States
  • Rating: 4.3/5
  • See Phone
  • +1 305-887-5436

Which is the best site to sell old coins in New York?

Where to find a United States coin collector in New York? We show you the most profitable places.

Stack’s Bowers Rare Coin Galleries

  • Address: 123 W 57th St, New York, NY 10019, United States
  • Rating: 4.7/5
  • See Phone
  • +1 212-582-2580

Coin Exchange NY

  • Address: 267 S Central Ave, Hartsdale, NY 10530
  • Rating: 4.8/5
  • See Phone
  • +1 914-686-2646

Featured in NYC

Collectors Coins & Jewelry

  • Address: 393 Sunrise Hwy Suite C, Lynbrook, NY 11563, United States
  • Rating: 4.9/5
  • See Phone
  • +1 516-341-7355

Best Coin Dealers in Dallas, Tx

Here is a list of United States coin buyers in Dallas.

Mockingbird Gold & Silver

  • Address: 1710 W Mockingbird Ln, Dallas, TX 75235, United States
  • Rating: 4.5/5
  • See Phone
  • +1 214-631-4653

Dallas diamonds

  • Address: 2207 Oates Dr, Mesquite, TX 75150
  • Rating: 4.6
  • See Phone
  •  +1 972-686-6877

Dinger’s Gold & Silver – Cash For Gold

  • Address: 3115 W Parker Rd c540, Plano, TX 75023, United States
  • Rating: 4.9
  • See Phone
  • +1 972-612-4653

Old Coin Buying and Selling Stores in New Jersey

American Coin & Stamp Co., Inc.

  • Address: 1273 Main Ave, Clifton, NJ 07011, United States
  • Rating: 4.6/5
  • See Phone
  •  +1 800-306-2099

American Coins and Gold

  • Address: 1750 Deptford Center Rd #1200, Deptford Township, NJ 08096
  • Rating: 4.5/5
  • See Phone
  • +1 856-272-6200

Central Jersey Rare Coins

  • Address: 423 W Union Ave, Bound Brook, NJ 08805
  • Rating: 4.7/5
  • See Phone
  • +1 732-563-1933

Where do they buy coins in Houston, Tx?

List of establishments where coin collectors shop in Houston, Texas.

U.S. Coins and Jewelry

  • Address: 8435 Katy Fwy, Houston, TX 77024, United States
  • Rating: 4.5/5
  • See Phone
  • +1 713-464-6868

Houston Coin Buyer

  • Address: 1330 Westheimer Rd #2, Houston, TX 77006
  • Rating: 4.6/5
  • See Phone
  •  +1 713-521-1748

Royal Coin And Jewelry

  • Address: 4658 Beechnut St, Houston, TX 77096
  • Rating: 4.8/5
  • See Phone
  •  +1 713-664-0881

Where can I sell my old coins in Los Angeles, California

To Coin Exchange

  • Address: 18631 Ventura Blvd, Tarzana, CA 91356, United States
  • Rating: 4.8/5
  • See Phone
  • +1 818-344-9555

Pasadena Coin Co.

  • Address: 1176 E Colorado Blvd, Pasadena, CA 91106, United States
  • Rating: 4.8/5
  • See Phone
  • +1 626-796-0184

Pegasus Metals Inc.

  • Address: 640 S Hill St, Los Angeles, CA 90014, United States
  • Rating: 4.6/5
  • See Phone
  • +1 213-627-3358

Where to Sell Coins in Chicago, Illinois

Oakton Coins & Collectibles

  • Address: 4547 Oakton St, Skokie, IL 60076
  • Rating: 4.6/5
  • See Phone
  • +1 224-563-5684

Morton Grove Coins & Collectibles

  • Address: 9241 Waukegan Rd, Morton Grove, IL 60053, United States
  • Rating: 4.8/5
  • See Phone
  • +1 847-967-9200

Distinctive Coins

  • Address: 422 75th St, Downers Grove, IL 60516, United States
  • Rating: 4.5/5
  • See Phone
  • +1 630-968-7700

How do I find the value of old coins?

How to check coins’ value? On many occasions, the price of valuable coins is not about their appearance. Some characteristics will determine whether you have old coins with monetary value.

If you need an appraisal of valuable coins, it is best to take it to a numismatic appraiser. If, on the other hand, you need a rough valuation, with the help of this article and a little research on your part, you will be able to find out which are the most valuable antique coins in your collection.

How do I find the value of old coins?

Here is a step-by-step guide to knowing the value of your currency. You can obtain your coin value guide by just following these steps.

We will use an example as a guide to making the process very simple. In this case, a Roman Denario Macrino.

#1 search for an old reference coin in acsearch.info

In the search box, we search by keyword. In our case, ‘scenario macrino’ is a Roman coin.

find-the-value-of-old-coin-step-1
Source: coleccionistasdemonedas.com

If you had a subscription (about 75 dollars a year), you would already see the price. In our case, we will do it for free, because we will get the price from another place.

find-the-value-of-old-coin-step-2
Source: coleccionistasdemonedas.com

Thus, we will look for a coin of a similar type and state of conservation. We will also have a good reference of the real current value if the auction date is recent.

We are looking for:

  • Name of the auction company – for example, AUREO & CALICÓ S.L.,
  • Auction number – for example, 324
  • Lot number – for example, 27
find-the-value-of-old-coin-step-3
Source: coleccionistasdemonedas.com

#2 Locate the final price in the auction at sixbid.com

This powerful antique coin auction aggregator will allow us to know the market value the coin reached in the auction.

find-the-value-of-old-coin-step-4
Source: coleccionistasdemonedas.com

And just like that, we finally find the auction company, its number, and lot. For example, in our case:

In our case, the price would be 266 euros. But we would have to add the auction house’s commission, usually 18%.

find-the-value-of-old-coin-step-5
Source: coleccionistasdemonedas.com

The value of this currency would therefore be 313 euros.

find-the-value-of-old-coin-step-6
Source:coleccionistasdemonedas.com

If we would like more references, we can examine in detail three coins of the same category.

find-the-value-of-old-coin-step-7
Source:coleccionistasdemonedas.com

Find out the condition of your old coins

To find out how much the old coins in your collection are worth, you need to know:

1. Is it a real antique coin? In many cases, the year is printed on the same coin. Take some time to determine this fact, as it is very significant. Sometimes the years are the most important, like 1949 or 1975 for old Spanish coins (old Spanish coins from 1870, for example, are very sought after), and sometimes the period is more important, as in the case of the most valuable Mexican coins.

2. Is the coin authentic? When discussing old coins, it is important to determine whether your coin is an imitation or a replica. To do this, ensure that the surface layer is not made of a fraudulent metal used to make it look old.

3. Find out which Mint issued it: The Mint is very important in determining which historical coins have value. If you also know how to find out their matrix, you will have a lot to work with.

4. Identify the material of the coin – gold coins, silver coins, bronze, copper, etc.: Except for rare occasions (such as valuable American pennies), the material of the coin is directly related to its value. You should check the purity of the metal – is it silver? Could it be an ancient silver coin? The type of metal in the coin.

5. Identify the grade: decisive aspect in the valuation of coins is their condition. What does the surface patina look like, and what color does it have – green or black? Does the coin show signs of oxidation? The condition of the edge and the bead will indicate whether it has been trimmed, reground, or resealed.

What if I think my coin is really rare?

The coin’s value should also be assessed by the expert coin grader and verified by the professional coin grader in your area. Currently, several companies perform the service of classification, authentication, and encapsulation of coins. This service is known as Third Party Grading (TPG).

The best-known companies providing services are:

  • PCGS (Professional Coin Grading Service),
  • NGC (Numismatic Guaranty Corporation),
  • ICG (Independent Coin Graders) and
  • ANACS.

Our Mission

In Coleccionistas de Monedas you will find buying guides for investors and collectors, as well as articles on coin values and key dates.

Our team of writers is dedicated to providing you with expert analysis on investing and coin collecting.

We also explain the relevant role of different currencies in the world economy and your investment portfolio. Our posts include discussions on history, microeconomics, geopolitics, macroeconomics, and public policy.

We strive to provide our readers with the latest information, industry outlooks and trends, and auction prices relevant to the markets.