How To Sell Coins Without The Hassle: Coin Collector Store

Although it’s very easy to find someone selling coins near you, it gets very difficult when you are in search of finding an honest and qualified coin collector store. When it comes to find a coin collector store near you, don’t go to the yellow pages first rather research online and understand the aspects about coins, find out how much they’re worth, a little research will go a long way. You want a coin dealer who is well-versed in numismatics and has a lot of experience in this industry.

Keep in mind that many coin collector dealers are listed under “buying or selling coins” in the yellow pages or internet search engines but are junk bullion buyers, jewelers and other people who don’t collect or study rare coins. This can result in selling your coins for cheap, often for the bullion value.

Prior to selling anything, you should always have a keen awareness of what you have. When it comes to selling coins, there are a lot of factors that have to be considered or taken into account. Many people are drawn to this hobby mostly to collect coins of significance such as rare coins, gold coins, mint error coins, and coins of historical significance. There are many coins out there that are worth good money, but there can be remade and counterfeit coins that may look more valuable counterparts, but are worth much less. This is why it is extremely important to find a reputable coin shop, whether you are looking to sell your coins or buy more for your collection.

Your coins could simply be worth the value on the face of them or they could be worth a significant amount of money. To simply put, it is easy to be deceived by fake coins and coin dealers looking to loot or exploit collectors that do not have the same level of expertise. Before you go to the coin collector store to buy or sell coins, take your time and work through your collection to get in order. Once you do that, you can then reach out to a private coin buyer and make sure you take the following into account to ensure that they are reputable dealers.

Check the experience

Anyone can become an expert in the field of numismatics but a coin dealer will usually specialize in one area of numismatics. If you are buying coins, especially for investment purposes, it is necessary to get in contact with a knowledgeable, reliable coin dealer who can give you accurate and meaningful advice. Additionally, they can also help you with the current market conditions which can save you thousands and thousands of dollars on your investment coins.

Are they having real assets?

Although the vast majority of coins on the market are genuine but occasionally some counterfeit or altered coins can turn up. But it is extremely important for a coin dealer to have genuine assets so that they will be in business for the foreseeable future. If the coin store is full of authentic coins and other collectibles, this is a good sign that they are a financially stable business.

Benefits of Selling Gold and Silver to a Pawn Shop

Gold or Silver is one of the best investments when dealing with financial crises or in urgent need for money. Whether you are looking to sell gold or silver for cash, sell gold coins or get cash for your jewelry, a pawn shop is the place to go, covering you with the best prices and deals.

You can simply look for broken jewelry or sell gold or silver precious metals you no longer wear, rare coins, bullion gold and silver to a pawn shop near you.

Advantages of selling your Gold and Silver to a pawn shop:

• Some jewelers might hesitate in buying your broken pieces of precious metals or might not give you the best price when it’s needed. Pawn shops on the other hand have the tendency to find and give the best value of whatever you show them.
• Plus, when you are visiting a pawn shop you don’t always have to sell your valuable jwellery if you can consider pawning it for a collateral loan rather than selling it if you have memories attached.
  
• Need some quick cash? If you are having endless stuff that has some value but you don’t want it any longer, you might consider heading to a pawn shop. Retailers base their prices of the items on the bases of intricacy and use of materials like precious stone and may not fetch the price that is best for that piece. On the other hand pawn shops monitor the market prices for precious metals and adjust their price accordingly. Which is an added benefit because they often offer more than the jewelry stores do.
• Pawn shops are flexible when it comes to purchasing gold and silver. The appraisal will be based on its resale value if the item is in good condition. And if it is damaged, broken or scrap, the price offered will be based on its intrinsic worth.

What is the process of getting a loan from a Pawn shop?

Here is how you can secure a loan if you are considering to pawn your gold or silver metals:

1. The loan or say collateral based loan is secured by something that holds some value. After evaluating your jewelry, if the pawnbroker is interested they will offer you a loan. The loan amount will likely be a small fraction of the item’s actual value.
2. You can also sell your item to the pawnshop outright.
3. There are two choices for the repayment of loan:

• Either you pay all the balance, including all the loan amount and any fees if required, before the deadline.
• Or you decide not to return the balance at all, the pawn shop keeps your items. If this is the condition, aside from losing your item, there are no other consequences. If you are unable to pay the amount, you can extend the loan period by up to several months, but you’ll incur additional charges.

A pawn shop could be your ultimate savior in times when you need urgent cash. All you have to do is visit a pawnbroker, finalize a deal or search for a pawnbroker online and bam! The cash will be in your hand in no time!

Things to know before you sell your gold and silver to a pawn shop

Perhaps you have been investing in precious metals for many years and think it’s time to offload some of your collection. Or maybe you have inherited some of the collection from a family member. Whatever your case may be, we have helpful points to make sure that your transaction is as smooth as possible when buying or selling gold and silver from a pawn shop. As never have been so many choices on where and how to sell. 

Whether you sell your gold and silver online, at a local jeweler or through a pawn shop, it is possible, if you are not careful, to wind up with less than its full value. When selling gold or silver, keep the following points in mind:

• Pawnshops provide short-term, collateral-based loans to consumers. Getting a loan is fairly straightforward. You bring an item to the pawnshop. The pawnbroker looks over it and if they think it is something they can eventually sell; they will offer to loan you a fraction of its value. If you accept the offer, you get cash on the spot. You also have a set time- usually around one to four months- to pay back the money you borrowed from the pawnbroker, plus any interest or money. If you cannot repay the loan, you lose your collateral, i.e. the pawned item, which the pawnbroker can then sell to make a profit. 

 

• The pawn-shop loans are an attractive proposition for those on the financial fringes for a couple of reasons. Not only can a pawn loan be obtained without a credit check, but the debt is relatively low risk. If you cannot repay the gold and silver pawn shop, you lose the item, but you won’t receive a black mark on your credit report. Compare that to high-interest payday loans which can easily trap customers in a spiraling cycle of debt.

• No matter how or where you ultimately choose to sell, start locally. Take your gold or silver to a reputable local jeweler or pawnshop and get the value estimated. That way, you will at least have a base price in hand before you solicit online bids or other offers.

• Beware of ‘rouge’ buyers, also known as a hotel or pop up buyers. Be cautious while dealing with these transient dealers, they might blow into town, run promising advertisements with higher prices and after vacuuming up the city’s worth of jewelry and coins, they disappear. Before you sell your precious metals thoroughly check the business and see whether there are any complaints against the buyer.

• Pay very close attention to how your gold is being weighed. While the accuracy scales of jewelers and pawn shops are verified periodically by the departments of weights and measures, the same may not be true in the case of hotel or house party buyers. Some buyers pay according to grams others might use a system called pennyweight. A seller needs to make sure that he’s not being weighed by pennyweight and paid by the gram since that would allow the buyer to get more gold for less money. 

 

• Sellers should compare terms and conditions carefully, before making the end decision. For example, some websites offer free shipping to send in gold but charge very high shipping rates if the seller declines the offer and asks for his precious metals to be returned.

• Check the license and the credentials of the buyer carefully. Ask the potential buyer to show you their credentials, if they are legitimate, they will be licensed by the state to buy gold.