Given the rise in the value of precious metals in recent years, it is very easy to quickly sell coins made of gold and silver for cash in Houston. Before embarking on selling a coin collection, one should carefully investigate the value of one’s coins and select a reputable dealer.
Before visiting a dealer, one should carefully search the internet to find out if one’s coins have any numismatic value. Numismatic value refers to any extra value above the melt value of a coin, based on how many were minted, its condition or history. Another alternative source to find out if a coin has any extra value is the Grey Sheet, a coin dealer newsletter that tracks the value of coins on a weekly basis. By knowing if one’s coins have any numismatic value, one is more likely to receive a fair deal. However, those seeking to sell coins should be realistic about their coins, since many older coins lack numismatic value, particularly if they are very worn or circulated.
The value of coins made of gold or silver will also fluctuate based on the precious metals market. Sellers of coins made of precious metals should familiarize themselves with the price of the precious metals they possess per troy ounce, to determine the value of their coins. Because the value of gold and silver changes on a daily basis, the value of one’s gold or silver coins will also change daily.
Those attempting to sell coins should find a reputable local buyer in Houston with a history of good customer service. Sellers should generally avoid pawn shops and businesses that have recently started buying gold and silver. These buyers are known to pay very little for collectible coins. Additionally, sellers may want to avoid Craigslist, given that criminals are now using it to rob people of their valuables. Once a reputable local business has been found, it may be a good idea to get a second opinion from another reputable dealer.
Though a number of online businesses are now offering to pay cash for coins, they have the disadvantage of appraising the coins at a distance and delays to receive money for the coins. By contrast, a local coin buyer will offer cash up front and with no hassle.
By following these tips, those looking to sell coins in Houston will receive the best offers for their coins quickly and conveniently. Sellers who are unfamiliar with the coin market should take some time to learn the basics of it to avoid being taken advantage of when selling their coins.
9502 N Sam Houston Pkwy E
Suite # 105
Humble, TX 77396
Wilson Rd @ Beltway 8 behind Walgreens
Email: ProCoin@ att.net