When it comes to selling specialist items such as old gold coins, it can be tricky to establish precisely how much they’re worth. What’s more, if a coin valuation is inaccurate or carried out by someone with limited knowledge of precious metals, you could miss out on a serious profit.
Although collecting old gold coins is somewhat of a niche interest, if you’re someone who buys rare coins with the intent to sell, there’s good money to be made. When getting your coins appraised, it’s crucial to seek out someone with extensive experience with precious metals. When there’s the potential to make a lot of money off the back of selling a single coin, the consequences of receiving an incorrect coin valuation can be disastrous. The last thing you want is to be taken advantage of by someone looking to profit from your items and leave you out of pocket.
In this post, our rare coin experts give you tips on getting the most accurate coin valuation, as well as where to go to sell gold coins for the best price.
When it comes to selling precious metals, be they jewellery or coins, heading to the jewellers is likely to be your first move. Unfortunately, your local jewellery shop is not the best place to find out how much your rare and old gold coins are worth. Coins — especially those that are rare and highly collectible — are an incredibly niche item so it’s unlikely that your jeweller’s expertise extends to appraising them. Don’t run the risk of getting an inaccurate coin valuation and selling your gold coins for anything less than what they’re worth.
One option you have is to sell your rare coins to a collector. Coin collectors possess an in-depth knowledge of the history and value of various types of coins. It’s unlikely these people are interesting in buying your coins with the intention of selling them on at a later date — they’re probably more interested in adding them to their growing collection.
Selling to a collector will allow you to get a better price because you’re selling directly to the end-buyer. However, there are downsides to this. As we’ve said, coin collecting is a niche interest so it may be difficult to find a buyer interested in your coins. Another problem you could face is that you’re probably not the only person looking to sell gold coins, meaning you may be forced to settle for a lower price.
Is there another way? At Post My Gold, we value the items we receive based on their weight, condition and the current value of gold. There’s no haggling over price, rival sellers to deal with or pressure to sell for less than what you’re comfortable with. We offer a price-match guarantee, so if you get offered a better quote elsewhere, we’ll beat it. And if you’re not satisfied with your quote? No problem. We’ll return your items free of charge.
One of the most challenging aspects of selling gold coins online is getting an accurate coin valuation. We recognise this and are dedicated to making the process as easy as possible for our customers. That’s why we developed our Gold Value Calculator, which gives you an accurate estimate of how much your old gold coins, jewellery and scrap gold and silver are worth.
To get a quote on your rare coins, simply enter the weight and, based on the current spot price of gold, we’ll give you an estimate. If you like what you see, your next step is to request your FREE Gold Pack. This includes a pre-paid, fully-insured (by Royal Mail) envelope to put your items in. The only effort you need to make is a gentle stroll to your nearest post box. Within 24 hours we’ll be in touch with your final quote.
Are you in possession of old or rare coins and need an accurate appraisal before you sell? We can help! At Post My Gold, our experts have years of experience of buying and selling precious metals and can provide a market-leading coin valuation, meaning you’ll always get the best price. Contact us today to request your FREE Gold Pack!