At some point, every collector asks how much his collection costs. And it doesn’t matter if he collects paintings, Christmas decorations or coins. There are also situations in life when a person is in dire need of money, and, therefore, he has to part with his collection. When, however, and where is it most profitable to sell coins?
It is difficult to accurately predict exactly when the cost of the numismatic collection will be higher. In this industry, you can see some trends: prices are reduced in the summer and before Christmas, because many during this period sell part of the collection to help them get cash, for example, on holidays or a gift for loved ones.
Selling old coins becomes more profitable in the fall when the new Fisher catalog is released. It is then more profitable to part with your collection. Of course, a lot depends on the condition, preservation of banknotes and age.
Now buying and selling coins is most often carried out through popular auction sites. This is perhaps the best solution, because many collectors gather there. However, you must reckon with unfair competition, which is likely to bring down the price of numismatic items. If you are not sure where to sell coins, then you can definitely advise: not on the market (collectible or flea). Especially if you are not sure about the real value of your collection. If you have a whole series of coins, then it is more profitable to sell them separately. In particular, if they are valuable items. This solution is recommended for two reasons. First, a whole series is bought by people who are just starting their adventure with numismatics, and they do not always have the necessary financial resources. People who have been passionate about collecting for a long time, usually only look for samples on markets and auctions that they do not already have; it is not profitable for them to buy all the series.
If you decide where to sell coins, then by selling them individually, you can earn more money.
Not all collectors (especially older people) are interested and know how to use the Internet. Most often they have their own channels - antique markets and shops. Another of the successful decisions where to sell coins is a bank. This especially makes sense if the collection item is expensive and rare. Some banks are not only selling, but also buying up coins. The numismatist forums also ask where to sell coins. They call places such as specialty stores, online auctions, and message boards. It is easy to guess that through portals (for example, city) you can also sell your collection. But here bulletin boards (such as Avito, Slando and others) lose compared to specialized forums and sites. Most often, newcomers come there to buy, therefore, they may not offer a price that suits you. You can also take advantage of foreign auctions. Both large financial enterprises and independent entrepreneurs organize the sale of coins through auction houses and websites (for example, Yukoins, Aleksandr, Poltinka, Hermes - the list goes on and on). It is important to choose for yourself exactly the method that will allow you to be sure of an honest price and a professional transaction.