Are you looking for the best places to sell coins for cash? Yes? You’re at the right place. Here are some of the best places to sell coins online.
Do you love to collect rare coins? Or did you inherit some coins from your parents or grandparents? Yes? Maybe you’re looking for a place to sell your coin collection to make extra money.
There are many places available where you can sell coins for cash. Only a few places offer the best price for your coins. Moreover, you don’t have to leave your chair to sell coins. You can sell your coins collection from the comfort of your home.
Here I’ve accumulated some of the best places to sell coins for cash. All of these places ensure you’ll make a profit.
So, let’s see which are the best places to sell coins for cash.
Where To Sell Coins For Cash Online
You can use the following places to sell any type of coin, such as gold, silver, or bullion. A few places will help you to find potential buyers.
When it comes to selling coins, APMEX is one of the best platforms. It’s a precious metals dealer. You can sell gold, silver, and bullion to APMEX. It’s one of the country’s largest buyers of bullion, rare coins, numismatics, semi-numismatics, and currency. According to APMEX, they’ve purchased over $1 billion of products from the retail market.
First of all, you have to call to let them know what you’re looking to sell and in what quantity. If you’re unable to identify the products, they’ll help you. Also, you can use an online form to sell your coins.
After that, APMEX will quote you a price based on your coins. If you’re happy with the price, you can lock it over the phone. Later on, you have to ship your items to them via UPS. You’ll get all the instructions on how to securely package your products.
You won’t get paid until they receive your products. After receiving your products, they’ll verify the correct product and quantities. There are several ways to receive payment, such as ACH, a check, or trade for a product they sell.
Note: APMEX’s minimum buyback is $1,000. If your products are not worth $1,000, you can’t sell them at APMEX.
2. Modern Coin Mart
Modern Coin Mart is another destination where you can sell your precious coins. It works similarly to Pawnshop. You have to send your coins to assess them. After that, they’ll send your payment. That’s how they work.
First of all, you have to call them to sell your precious coins or metals bullion. They’ll make you an offer based on your products. As they’ll resell your products, they’ll offer you an unprofitable price. If you accept the offer, you can send your products to them.
After receiving your products, they’ll verify them. If everything matches your product description, they’ll pay you within three business days. You won’t get a chance to negotiate over the price once they receive your products.
If your coins are worth under $3,000, you’ll get paid via a check. If your coins are worth $3,000 or more, you’ll get paid via a check or ACH.
MCM is not the best place to sell a huge collection of coins. If you’re looking for selling a few high-value coins, you can choose this platform.
Coinappraiser seems to be a place to determine the value of your coins. They have a guide on how to sell your coin for top dollar, how to auction your coin for top dollar, and how to have your coin graded. Also, you can work with a coin expert to figure out the details. However, they do buy coins.
The selling process starts with a call, email, or text. You have to send them some photos of your coins so they can make an offer. They would be happy to make a fair market offer on a single coin or entire collection.
If you can’t reach them via email or call, you can fill out a contact form. However, they may not be the best person to sell your coins to. In that case, they’ll refer you to a better buyer free of charge. They always want to ensure you get the most value.
The downside of this place is there is no detail on transactions. For that reason, you should ask them how you’ll get paid.
CoinsForSale is an online marketplace to buy and sell premium coins. However, it’s a relatively new marketplace. You can sell valuable coins and bullion through this marketplace.
First of all, you have to create an account. After that, you’ll be able to list your coins for sale. You don’t have to pay for listings. However, you do have to pay a 5% fee when your item sells. Also, you’ll get resources for the sellers page to sell your coins.
Lastly, you’ll find numerous coins buyers on this marketplace. For that reason, it’s a worthwhile marketplace to sell coins for cash.
5. Heritage Auctions
Heritage Auctions is one of the best places to sell coins for cash. It’s known for selling arts & antiques, coins & currency, and collectibles. They’ve been around since 1976 and helping people to sell their valuables.
There are two ways to sell coins for cash, such as:
- Selling Outright: You have to send them your coin’s photos and details. They’ll make you an offer.
- Consignment: You have to ship your coins to them so they can put them in an auction. By choosing this option, you’re trusting them to get the best price for your items. Also, you’ll get paid after 45 days of your auction closing.
When your item sells, they’ll take a 10% fee. If you don’t want to risk your coin collection, you should choose the Outright option.
6. Coin World Marketplace
Coin World Marketplace is the global marketplace for coin collectors. It has been the trusted partner for coin collectors and dealers since 1960. Over the years, it has built a good reputation among coin buyers and sellers. You can trust this marketplace to sell your valuable coins.
First of all, you have to become a seller. You have to choose a seller package to sell your coins. After becoming a seller, you can list your coins for sale. However, you have to pay a listing fee. For more information, head over to their website.
If your item doesn’t sell within 12 months, you won’t lose any money. They’ll return your fee. Therefore, you can trust this marketplace to sell your valuable coins. You can sell to international buyers as their Escrow Checkout service makes international transactions a breeze.
7. Great Collections
Great Collections is another auction site that’ll help you to sell your coins. It’s the fastest-growing coin and paper money auction house in the United States.
Here are a few advantages of selling through Great Collections:
- You can sell your coins to the highest bidder at the auction
- Extensive marketing
- The lowest seller’s fees – 0% for coins/banknotes that realize over $1,000 or 5% for coins/banknotes $1,000 or under
- Instant cash advances are available
First of all, you have to complete one of their GreatCollections consignment forms. After that, you have to send the form and coins to them via insured mail.
After receiving your coins, they’ll put them at auction. According to their terms and conditions, all consignors will be paid within 30 days. However, they usually pay their consignors within 7-14 days.
8. JM Bullion
JM Bullion is an online retailer of precious metals products. They’re specialized in buying gold and silver bullion. However, the minimum amount to be able to sell to them is $1,000. If your coins are worth less than $1,000, they recommend using their local directory to locate a dealer.
First of all, you have to select which products you want to sell. After that, they’ll make you an offer. If you accept the offer, you can lock it in. Later on, you have to ship your items to them.
After receiving your items, they’ll inspect them. If everything is ok, they’ll pay you within 1-3 business days. They offer three payment options, such as ACH, Bank Wire ($25 fee), and paper check ($30 fee).
9. Stack’s Bowers
Stack’s Bowers is one of the oldest auction houses in the United States. Over the years, they’ve achieved a reputation among sellers and buyers. Coin buyers and sellers can trust this platform.
There are two options to sell your valuable coins, such as:
- Sell Directly
- Consign With Them
If you prefer to sell directly, the process starts with a call or email. You can contact them for an appraisal or to have one of their representatives travel to your home to appraise your items.
If you consign with them, you will get generous advances before the auction. Advances from $5,000 to $5,000,000 can be arranged within 24-48 hours of the consignment at favorable interest rates. If your coin sells at auction, you’ll receive your payment 45 days after the auction closes.
eBay is one of the best marketplaces to sell antique items. eBay has more than 182 million users worldwide. That means you can sell your coins to a wide range of buyers. However, all of them aren’t buying coins. For that reason, you may find it difficult to sell coins in this marketplace.
It doesn’t mean you can’t sell coins on eBay. You’ll find potential buyers who’re searching for coin collections. All you have to do is list your coins for sale. Your first 250 listings each month are free. Later on, you have to pay $0.35 per listing. Moreover, they charge between 10% to 15% of the final value.
After considering every downside of this marketplace, I won’t recommend this marketplace to sell coins. That doesn’t mean it’s not good enough to sell coins. The problem is not many people consider this marketplace to purchase coins. So, you may not find potential coin buyers.
CashForCoins is another platform that buys all silver coins, gold coins, and bullion. The selling process is fast and secure. It has excellent reviews on Trustpilot so far.
The selling process starts by selecting the type of coin you want to sell. After that, you have to enter the quantity and condition of your coins. Later on, they’ll come up with an instant quote. If you accept the offer, you can ship your items to them. If you decline the offer, they’ll help you find a local coin dealer.
After receiving your items, they’ll inspect them. You’ll get paid via PayPal within two business days.
Here are a few other places to sell coins for cash:
As you can see, there are many ways to sell coins for cash. You can choose to list your coins for sale, sell them directly to a marketplace, or auction. The choice is yours.
Before selling your valuable coins, you need to figure out the worth of your coins. Otherwise, you won’t be able to make a profit. In that case, you can consult a coin expert.
Therefore, take your time to choose the best place to sell coins for cash.
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