As you become a more experienced coin collector and your investment strategies change, you might consider selling some items to free up money so that you can purchase different types or categories of coins. Whether you plan on liquidating your collection or are looking to leverage expert-level knowledge to guide future investments, use the following tips for buying and selling coin collections.
Diversification Is Key
Setting your sights on different types of coins will help expand your knowledge of numismatics while allowing you to branch out into different parts of the coin market. Developing your understanding of mint marks, survivorship, and other terms can help you become a more savvy investor. Also, buying coins with numismatic or collectible value limits your exposure if there’s a drop in the spot price of gold, silver, or platinum.
On the other hand, if you find an investment strategies that’s been effective, it can make sense to focus on a specific area of the market. By building a collection around a particular precious metal or one type of rare coin, you can form a strong relationship with a reliable numismatist who can consistently provide you with coins that fit your profile. Partnering with a reputable coin dealer can have other benefits, such as securing more competitive rates, helping to locate an elusive coin, and getting notified when a rare coin becomes available.
Resist the Temptation to Turn a Quick Profit
Even if you feel certain that you’ve found the deal of a lifetime, it’s better not to liquidate the majority of your coin collection all at once. If an offer seems too good to be true, you won’t lose anything by doing a bit of research first. Call around and see whether another coin buyer is willing to match that price. Though you probably won’t lose much by selling a few coins at an above-market price, there’s probably a reason that you’re getting such a good offer.
Work With a Certified Coin Dealer
Atlanta Gold & Coin Buyers is a lifetime member of the American Numismatic Association, an authorized coin dealer by the Numismatic Guaranty Corporation (NGC) and Professional Coin Grading Service (PCGS), and has an A+ rating from the Better Business Bureau. If you’re considering selling rare coins or bullion, we can help you appraise your entire coin collection, whether you choose to visit one of our locations in metro Atlanta, get a quote online, or send us coins through the USPS. Complete our contact form to learn more about buying and selling coins with a certified coin dealer.