Selling coins: Where to sell coins seriously?
We at RareCoin sell rare gold coins from all over the world to you.
But in the same way we are very happy to buy coins.
What is meant by this?
We buy gold, silver, platinum and palladium as coins at fair prices.
Are you interested in selling your coin to us?
When it comes to coins, RareCoin is your perfect contact – whether online or on site in Wiesbaden. We are experts in the field of numismatics. With our expertise, we are at your disposal for all concerns regarding your coin collection.
With us you can choose not only from a wide range of valuable bullion and collector coins. We also offer a serious appraisal of your coin collection including an official certification. As desired, you will receive advice for a suitable investment in gold coins or support in the search for rarities (coin hunting). And if you want to sell your coins, you have a competent and fair contract partner with RareCoin. This way you are guaranteed to get the price for your coins that they are really worth.
In advance: determine the value of the coins
You want to sell your old coins, but you can not estimate how much your collection could be worth? To determine if a valuable rarity is hidden among your coins, you should seek expert assistance. Before that, however, you can do a little research yourself. Of course, as a layman you can not make such a precise assessment as a numismatist. However, there are some indications that can point to valuable coins.
All you have to do first: take your coins one by one and look at them closely. Basically, on coins there are indications of the material used, the fineness or the year of minting. This may be different for ancient coins. Here, therefore, you should also carefully inspect the condition of the coin.
Afterwards, the Internet will help you. Search engines like Google provide the first clues: Enter here all the clues that you can read from the coin. Online coin catalogs or auction houses also help with research and give you a first orientation. However, always keep in mind that it is not only current trends that influence the demand for certain coinage. Thus, private buyers and sellers always want to make a profit. Therefore, they do not always offer you the price you would get with a professional buyer.
In addition, there are other clues that can help you determine the value of your coins:
- Where do the coins come from? Is it the legacy of a long-time coin collector? Or souvenirs that friends have brought back after sailing around the world? In the first case, the chances that there are a few rarities hidden among the coins are higher.
- What metal is your coin made of? The value of gold coins and coins made of silver always depends on the current price of precious metals. Based on the fineness of the coin, its minimum value can thus be determined.
- You have discovered a well-known coin? Then nothing should stand in the way of a good offer. Especially Krugerrand coins, the Vienna Philharmonic or other worldwide known coins can usually be resold without any problems.
However, you will not be able to do more than an initial rough estimate. Even experts often have to look closely, because the smallest details can lead to major differences in value. Thus, outwardly almost identical coins can be valued completely differently due to minimal differences.
Factors that influence the value of a coin
There are numerous factors by which the value of a coin is measured. The weight of the individual aspects varies depending on the coin. Thus, it depends on the individual case which criteria are decisive for the current value of the coin. Because you should also take this to heart when selling a coin collection: even professional appraisals can never give a long-term guarantee. Because the market value of the precious metal can change daily. In addition, trends can also influence demand. But one after the other:
- Mintage, year of mintage and rarity: Basically, rarities are more valuable than coins that you can easily buy anywhere. But circulation and rarity cannot always be brought down to the same denominator. It is possible that a historical coin has been drastically reduced in population over the years. Then today it has a high rarity value. A modern coin, on the other hand, does not automatically have to be valuable despite limited mintage/mintage. The price of the coin also depends on how high the demand is among collectors.
- Precious metal / alloy: Gold and silver are crisis-resistant and value-preserving. Nevertheless, the pure material value is based on the price on the world market, which is subject to constant fluctuations. The same applies to platinum or palladium coins. For old coins, weight and metal value usually play a rather subordinate role. For greater resistance, they were often alloyed with copper or other metals.
- Mint, type of mintage: Some mints, such as the Royal Canadian Mint, are particularly highly regarded by numismatists. However, even for coins of lesser known mints, in exceptional cases, there may be a great demand. Regardless of the mint, there are three types of coinage:
- The minting method “polished plate” (abbreviated: PP) is particularly elaborate, it creates a visually appealing contrast between the surface of the coin and the motif.
- Polished dies are also used in the production of mirror-finish coins. However, the difference between the relief and the background is not quite as obvious.
- Most of the coins are minted in the mint condition. The process does not favor any increase in value; on the contrary, here even the smallest signs of wear can drastically reduce the value of the coin.
- Condition: The condition of the coins also influences their value. Thus, severely damaged specimens are valuable only in exceptional cases. This is the case, for example, when the signs of wear indicate that the coin has a long history. Please note: On silver, a natural patina can have a special appeal to collectors. Therefore, do not try to make the surface shine again by using cleaning agents.
The degrees of preservation of coins vary between the optimal case “excellent” to “poorly preserved”. In between, there are the further gradations: “very fine” and “fine”. The latter, however, is not a compliment in the case of coins: Here, clear traces of use are already visible.
- Demand: The following also applies to coins: supply and demand determine the price. Basically, coins that come from countries with well-known mints are highly prized. These include, for example, coins from Canada or the USA. In addition, at special times such as anniversaries or commemorations, certain motifs are also in particularly high demand.
You see: Determining the value of coins is complex. So how else might you recognize true treasures?
Valuable coins: how to recognize true treasures
In addition to the factors mentioned, general rules can also be established. Exceptions are also possible here, but in principle:
- The harder certain coins are to find, the more desirable they are.
- Rare mintages are highly prized by many collectors.
- Among German commemorative coins are rarely found rarities.
- At the same time, a coin minted in more recent times may increase in value due to its historical reference. A good example is the 50 ruble gold coin commemorating the 150th anniversary. Anniversary of the founding of the Russian Historical Society.
- The value of commemorative coins on certain topics depends on their respective topicality. Thus, Olympic coins are often in high demand when the summer or winter games are taking place.
- Bullion coins with high mintages can then increase in value if you have a complete collection of
- If you want to sell your gold coins, you will receive in any case the equivalent value at the respective It is measured by the world market rate. This can change on a daily basis. If you are not sure if your coin is just gold plated, lift it. Due to its high density, gold is much heavier than lead or copper. The value of coins made of silver, platinum and palladium also results, among other things, from the price of raw materials. However, the other metals are subject to higher fluctuations than gold.
Note: For precise measurement of coin weight and immediate detection of a counterfeit, Rarecoin offers you high quality magnetic scales. They penetrate the metal and provide information about the material used.
Have coins valued by a professional
All these clues, however, only give an approximate indication of the coin’s value. For an accurate assessment, you should have your coins appraised. Through their many years of experience, numismatists can usually see immediately whether it could be a valuable coin. You can also usually recognize counterfeits at a glance. For further determination, reputable experts have additional technical equipment that can be used to dispel any final doubts.
Of course, you can also have an auction house determine the value of your coins. However, expert advice from a trusted dealer is usually the better option. Because here an assessment is made absolutely without obligation. As a specialist in buying and selling coins, coin dealers objectively value your coin collection. Upon request, the experts will tell you whether it is worth keeping your coin collection.
Note: Some coin dealers also offer you a pre-valuation based on a sent photo. But even experts can thus only give an approximate value. To make a more accurate statement, they must examine the coins in the original.
Not sure if your coin dealer is really reputable? As a point of reference, you can consider the time component: Roughly, the evaluation of 150 modern coins takes about an hour. A second assessment can also confirm or refute the first assessment. In addition to our expertise, we at Rarecoin offer you complementary certifications from the NGC and the PCGS. The Numismatic Guaranty Company and the Professional Coin Grading Service are globally recognized organizations. Coins are graded here using independent, internationally valid criteria.
Dos and Don’ts: Typical mistakes when selling coins
If you want to sell your coins and get a good price, it comes down to two things: A good presentation and some negotiating skills. But be careful: an appealing display of your coin collection does not mean polishing it to a high shine beforehand! Avoid this and other typical mistakes that are often made by novices in the field of numismatics:
- Do not use aggressive cleaning agents to make your coins extra shiny. Not only do you run the risk of scratching the surface of the coin that way. Especially with historical coins, a natural patina on silver coins is often even a value-enhancing feature. Gold, on the other hand, is particularly resistant to external influences and at the same time extremely soft and sensitive. Coins made of this precious metal basically do not require any care at all.
- Leave your coins in their protective case. As soon as you open the foil, the coin value usually decreases automatically. Some copies also have certificates shrink-wrapped with them. It is possible that other numismatists may doubt their authenticity if you have previously removed the protective cover.
- Keep to yourself what you want to do with your coin collection after the appraisal. Otherwise, you may be quoted a price that is far too low. Therefore, do not express that you are dependent on the sale of the coin collection.
- To sell your coins, do not turn to private individuals who offer their services over the Internet. Here you run the risk that your collection will not be assessed correctly and honestly.
Selling coins for a profit: Known where
You have had your coins graded and now you want to sell them? But where can you seriously sell coins? First of all, while it is convenient to sell coins somewhere nearby. But in the end, what counts is the seriousness of your contract partner and the proceeds achieved. For the latter reason, you should also think twice about offering your collection at an auction house. This is because many providers charge a relatively high commission for their services.
Selling coins privately online is also not recommended. Because numerous legal uncertainties await you here. It is true that as a private seller you can deviate from the law and limit or exclude your warranty liability. However, secure shipping or fake payment alone are possible imponderables that you should be aware of.
On the other hand, an online sale also brings a number of advantages. Therefore, choose an online dealer where you are sure that your coins are in good hands. The professionals of RareCoin offer you an excellent all-round service and guarantee absolute seriousness.
Professional purchase and sale of coins: Online or on site in Wiesbaden
At RareCoin you can expect a professional team of coin experts. In addition to general expertise, they each specialize in different areas of numismatics.
In this way, you will receive scientifically sound and always up-to-date answers and support for all your concerns. You can browse our extensive assortment of coins online. Here you can buy, among others, gold coins from China, platinum coins from South Africa or other favorite coins. If instead you are looking for a very specific specimen, we will be happy to assist you in “Coin Hunting”. Most of the time we succeed in locating even rare coins within a short time.
We will gladly buy your coins at fair prices after an objective evaluation. The purchase process is uncomplicated, on the Internet you can download a purchase form in advance and view all contract conditions. Perhaps there is even a particularly sought-after coin.
How does our purchase of coins work?
So are you interested in selling your coins to us? Then please click on the following link to read through the purchase conditions: Terms of purchase
You can find our purchase form here: Purchase form
Below you will find a list of all coins for which we are currently specifically searching.
If you would like to sell a coin that is not on this list, please feel free to contact us anyway. If your coin is not a circulation coin (Euro, DM) or not a mass-produced coin (e.g. Maple Leaf), then it can still be interesting for us.
Just contact us for this and we will get back to you as soon as possible! To do so, simply send us an email at firstname.lastname@example.org. Alternatively, get in touch via our contact form.
We will contact you immediately to arrange further details about buying coins online.
We look forward to hearing from you!
Coins that we are particularly looking for at the moment:
Krugerrand 2017 Proof (1 oz).
- 1983 Proof (1 oz).
- 2011 30 years proof set
1.2 oz Bicentenario 200 pesos bullion or proof, 2010 vintage.
1.2 oz Centenario vintages 1921 and 1931.
1 oz Peru – Various Series e.g. Coin Series: Heroes de la Guerra del Pacifico
200 Soles Peru (1969)
500 Balboas Panama (Proof, PP, various years)
1 oz Wedge-Tailed Eagle vintages 2015 – 2021.
Krugerrand Bullion or Proof (1 oz) from the years 1967 – 2001. Also sets / Prestige sets
Krugerrand Proof 1/2oz 1980
Krugerrand Proof Fractional Set 1980
Natura (1 oz) or as a set / Prestige Set
- 1982 China (1 oz)
- 1995 Bullion + Proof (1 oz)
- 1996 Bullion + Proof (1 oz)
- 1998 Bullion + Proof (1 oz)
- 2000 Bullion + Proof (1 oz)