The ultimate reward of having a gold coin collection is to be able to sell when timing is right to make a profit.
If you compare the price of gold in 2000, it was only about $300 per ounce. Today, the price of gold is almost $1900 per ounce. That is more than a hundred percent increase!
This is why a lot of people are investing in gold since it’s been steadily increasing in market value over the past few years.
Want to learn how to sell gold coins at the best price?
Selling Gold Coins?
check our pricesLet us take a look at some helpful tips on how to sell gold coins to ensure that you get the most out of your investment.
Before looking at how to sell gold coins, first prepare an inventory of your collection (if you haven’t already). You should know how many coins are in your collection and their estimated value to negotiate effectively.
You can research the current market value of the coins online.
There are dealers who will take advantage of your collection, especially if they sense you are unfamiliar with how to sell gold coins or the value of your collection. This is why it’s important that you are aware of the value and rarity of your collection before starting.
Its always best to sell your coins one at a time to test the waters first. Do not show all your coins to a dealer at the same time or divulge the size of your collection. Bring one coin and see if the dealer will give you a good price.
Finding a Reliable & Trustworther Dealer
When selling your gold coins, do not stick to one dealer. First ensure the dealer you are negotiating with is reliable and trustworthy.
This is the very reason why Silver and Gold Exchange maintains a transparent system for pricing and buying gold and precious metals. We value our reputation and we value our clients.
We recognize that gold, silver or any rare metal that you possess are your investments. We are not only in this business to profit but also to make sure that people are not be taken advantage of when selling their silver and gold possessions.
Our team at Silver and Gold Exchange are happy to assist you in selling your gold and other rare metals. We will walk with you through the process on selling your gold coins properly.
There are a lot of questions on how to sell your gold coins. But the most important things are:
- know your coin collection;
- know the value of your coins; and,
- know where to sell them
These pieces of information will help you not only today but also in the future when you need to sell other items aside from your gold coin collection.