Whether you have a massive coin collection that you’re ready to part with or you’ve just got a couple of rare collectable coins that you’ve held on to for years now, when the time comes to unload them, it’s important that you’re not just taking them anywhere to be sold. Far and above just finding a venue that will accept what you’re trying to sell, it’s necessary to ensure that you’re getting the right value for your goods—which can be hard in the sellers market that is rare coins.
So, the question remains: “where can I sell my coins in Indianapolis, IN?”
The best answer, is to a fellow collector. But, before you pull out the phone book or start Google searching for the nearest listed coin collector, make sure you’re taking a few things into account first:
Value: It may sound like common sense, but knowing the value of your own coins or coin collection before you traipse into a deal is the most important thing you can do for yourself. Knowing the value of what you’re trying to sell will help you to get a fair bid on it. Keep in mind that what the value of something is and what you’re asking for it might not always be the same—there’s a certain air of demand that has to be factored in. Still, it’s good to have a baseline to work from.
Condition: The condition of your coins has a lot to do with who will buy them and how much you’re going to sell them for. You may be asking yourself, “why can’t I sell my coins in Indianapolis, IN at their going market rate?” The answer most likely has to do with the condition that they’re in. Blemished coins will fetch a lower value than mint condition coins, while some collectors may still pay more for blemished coins that they know they can restore properly.
Single versus collection: As you probably already know, selling a collection of coins together is a whole lot more lucrative than selling it off piece by piece—however that doesn’t stop many potential buyers from expecting you to break up your collection for their own benefit. Consider this when dealing with a potential buyer and make a choice that accommodates your needs most—if you have a buyer for the whole collection, versus several buyers for parts, it may be in your best interest to whose the former.
Don’t be afraid to haggle: Dealing in collectable coins is as much about haggling as it is collecting. Whether you’re buying or selling, being able to settle on a price that you’re comfortable with will make the experience much more rewarding for you and when all is said and done, you’ll feel better about the process when it’s through.
At the end of the day, finding the right buyer for your coins or coin collection comes down to who is going to meet your selling needs. Consider the variables above and what your collection means to you before just settling on the first buyer that comes along!