Have you ever wondered about the value of your junk at home?
Did you inherit gold coins that you have no idea what to do with?
If you answered yes to either of those questions then you need to learn how to sell gold coins.
Jewelry, trinkets, and other metals have significant value. If unused, selling your gold coins can help add to a rainy day fund. If they’re heirloom gold coins then they’re likely worth even more.
Let’s explore how to sell your gold coins and the value your coins will likely bring.
Have Your Gold Coin Graded
When you are thinking of selling gold coins, it is important to have them graded first. This will ensure that you get the most money possible for your coins.
Gold buyers will often give you more money for a graded coin than an ungraded coin. Having your gold coin graded also protects you from getting scammed by a gold buyer.
Research Going Rates on Different Venues
When looking to sell gold coins, it is important to research the going rates on different venues. This will help ensure that you are getting the best possible price for your coins.
One way to research going rates is to use an online gold coin calculator. This tool will help you determine the current value of your coins based on the current spot price of gold and the purity of your coins.
Another way to research going rates is to check online auctions and classified ads to see what similar coins are selling for. This will give you an idea of what you can expect to get for your coins.
Finally, you can always contact a local coin dealer to get a quote for your coins. This is a good option if you are not sure about the value of your coins or if you want to sell them quickly.
Avoid Pawn Shops and Brick-And-Mortar Jewelry Stores
Selling your gold coins can be a tricky business. Many different places will give you cash for your gold, but not all are equal. Pawn shops and brick-and-mortar jewelry stores are usually not the best places to sell your gold coins.
This is because these businesses give you significantly less money for your gold. This is in comparison to how much you could get from selling to a private buyer or online gold buyer. If you’re looking to get the most money possible, it’s best to avoid pawn shops and jewelry stores altogether.
Instead, try selling your gold coins to a private buyer or an online gold buyer. You’ll almost always get more money if these types of buyers will buy gold from you.
Know How To Sell Gold Coins Safely
Selling gold coins can be a great way to make a lot of money. But, you must keep your safety in mind when doing so. With these tips, you’ll know how to sell gold coins without any problems.
For more tips on how to make money fast, take a look at some of the other articles on our site.