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Coin Buying and Selling -
Direct Sale to Coin Dealers
You should carefully consider the available options and their advantages and
disadvantages before proceeding.
This is the most common method of selling coins in a
collection or estate, especially for large collections or accumulations.
Advantages
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Dealers generally
have the financial resources to buy all of your collection at once. Items
not needed for the dealer's own stock can be quickly traded to other dealers. |
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Sale to recognized,
established dealers is generally more private and secure than advertising your
coins to the public, or even at a coin club meeting. |
Disadvantages
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In almost all cases,
you will only receive a wholesale price for your coins. |
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The prices offered by
different dealers for the same coins may vary widely because of supply/demand
(market) factors, dealer knowledge of the material, and the dealers' business
practices and level of honesty. |
Advice
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It's very important
that you spend some effort finding the right dealer. It's usually better
to sell to a dealer who regularly handles the type of coins (e.g., U.S. or
foreign) that you have for sale. |
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Meeting dealers at a
coin show may be better than going to a coin shop
because you have access to many dealers instead of only one at a time.
(However, don't expect dealers at a show to quickly appraise a large group of
coins, or to buy a large hoard of coins that they have to carry out of the
show. You'll probably have to make special arrangements, and may have to
pay an appraisal fee if you don't sell to that dealer.) |
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