Coin Buying and Selling
- Sale by Mail
You should carefully consider the available options and their advantages and
disadvantages before proceeding.
Many coin dealers, and some collectors, advertise in
trade publications (such as Coin World and Numismatic News) and on
the Internet to buy coins.
Advantages
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Convenient (don't have to go to shops or shows). |
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Dealer's area of interest, and sometimes exact offering price, known in advance. |
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Generally private and secure when dealing with reputable dealers. |
Disadvantages
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Dealer may reject material, or make a lower offer, for almost any reason (especially coin grade). |
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Risk of loss in the mail, or because of a dishonest dealer or collector. |
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You may have to pay postage both ways if you refuse dealer's offer. |
Advice
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This method of sale should be approached carefully. Always deal with a reputable dealer, preferably a member of the Professional Numismatists Guild (PNG). |
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Don't deal directly with a private individual unless you know and trust the person well. |
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Be sure to properly package and insure your coins (use U.S. registered mail) when shipping them, include an inventory list with your name, address, and phone number, and ship only after obtaining permission (unsolicited mailings are considered gifts under U.S. law)! |
