With the rising prices of gold and silver, there are many fly-by-night online coin and bullion dealers looking to take advantage of this rare opportunity. With so many potential options and so much conflicting information on the internet, it’s difficult to determine how to sell coins online, and to whom your coins should be sold. In this article, we’ll attempt to clear up some of the misconceptions and provide some helpful tips in an effort to avoid some of the pitfalls that have plagued other sellers of gold, silver, old and rare coins.
The first common misconception is that any company with an online presence is a reputable coin dealer. Unfortunately this isn’t the case, so it would be in your best interest to thoroughly investigate the online coin dealer with whom you’re considering doing business. Many online dealers aren’t properly licensed and in fact, are run by individuals that have very little to no knowledge of coins. This means that you’ll likely receive less than the full value for your coin collection when choosing to do business with these individuals.
The second misconception is that a brick and mortar coin shop is just as adept at handling online business. This isn’t necessarily the case – especially with longtime coin dealers who have spent their entire careers transacting face-to-face. This is why it’s important to read the online steps and instructions provided by the online coin dealer to make sure that they have implemented thorough and reasonable selling guidelines. If not, there could be substantial delays and/or possibly misplaced or lost packages.
Lastly, the online coin dealer should exhibit some type of professional aptitude and commitment to ethical business practices. Are they members of the American Numismatic Association (ANA) or the Better Business Bureau (BBB)? Are they willing to abide by the strict guidelines established by these third party organizations? If so, you’re dealing with an online coin dealer that is not only likely to participate in ethical business practices, but that is also concerned about their reputation. Businesses that go to this time and expense to attract customers are likely to go out of their way to make sure that you’re treated fairly and are satisfied with your transaction.
In summary, before pursuing the endeavor of selling coins online, it’s important that you’re well prepared so that you can receive the most cash when transacting through the mail. We hope that you found the above tips on how to sell coins online helpful, and wish you well with your online transaction. If Atlanta Gold & Coin Buyers can be of any assistance, don’t hesitate to contact us.