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Category Archives: Buy & Sell Coins

5 Tips For Selling Your Coins

Coin Dealers In St. Petersburg

Buy And Sell Coins St. Petersburg

Selling or buying precious coins is a market of opportunities, but if you want to make a significant sale or purchase, you’ll need to be innovative. For example, the cost of coins will vary based on rarity, so ideally, you should sell or buy them at an auction or a dealer.

Are you looking for places to buy and sell coins in St. Petersburg? Beantown Coins is the place to buy and sell legit coins in St. Petersburg. We purchase, sell, and exchange collectible coins in wholesale and retail settings, focusing on high-end samples and rare dates and varieties. We specialize in US, World, and Ancient coins, as well as Exonumia, and we enjoy educating our consumers.

Whatever their level of expertise, whether they are seasoned numismatists or inexperienced family members who are settling a loved one’s assets, our clients may rely on integrity and justice as our guiding principles. We will continue to uphold the excellent standards set by previous generations of rare coin dealers, and we will establish a strong position in the rare coin market around the world.

Are You Ready To Sell Your Valuable Coins?
Contact Beantown Coins At 857-294-7820 Now!

Tips For Selling Your Coins

  1. Don’t Be Forced To Sell. 

If you don’t have a compelling motive, don’t sell or acquire coins out of necessity or under duress. Dealers are generally discerning, and they can sense desperation from afar. When a dealer understands you’re in a hurry to sell or purchase coins, they’ll take advantage of you by offering you a lesser price. When compared to what you would have earned, a forced sale situation can cost you up to 20-30% or even more. You’ll need to take the time to prepare your coin collection and select the perfect place and time to sell to obtain a decent deal.

  1. Find The Right Time To Sell.

Yes, timing is crucial if you want to acquire the best price for your valuable coins. According to research, the optimum seasons to sell precious coins are January, July, or August. Coin buyers are in a better mood and more inclined to spend at this time. When people are planning their winter vacations or holidays, prices tend to drop.

  1. Get Your Coins Certified.

CAC-certified coins can demonstrate the coin’s value, increasing the chances of finding a buyer. Customers, especially newcomers, are more likely to trust CAC-certified coins than unlabeled coins. However, this may not be an issue for experienced coin collectors who know what to look for in currencies. However, having a CAC label will help you sell your valuable coins more quickly.

  1. Pedigree Your Coins.

It is yet another approach to inflate the value of your coins. It refers to tracing the coin’s historical journey. If it has a fascinating path that involves some well-known persons, it will undoubtedly be worth more. If your currency doesn’t have a PCGS or NGC inlay, you should mail it to them for assistance in tracking its history; it’ll be worth it in the end.

  1. Price Your Coins Smartly.

It’s also crucial to know how many coins you have and how much each one is worth. When it comes to pricing, there are several factors to consider, including the coin’s market value, its pedigree, certification, and so on. If you have a rare coin, you should sell it through high-grade rare coin dealers so that experienced collectors may receive the most excellent deal. Serious collectors will flock to a good marketplace or dealer, which could lead to outstanding prices. In a healthy market, some rare coins can be worth millions of dollars per piece.

  1. Clean Your Coins.

The way your coin looks has an impact on your chances of selling. A coin that looks excellent and has a CAC sticker, for example, is more likely to be sold than one that is dull and rusted. Such situations are known to be exploited by shrewd buyers. They purchase those drab-looking coins, send them to grading agencies, and profit handsomely from the resale value. So, don’t let your valuable coins go for a buck. Clean it up and grade it, then sell it for the best price possible.

  1. Maintain Long-Term Relationships With Dealers.

You’ll need dealers on your side if you want to be in business for a long time. One method to accomplish so is to treat those vendors who buy from you fairly when it comes to selling prices. Allow them to make a profit when they sell your coins, as well. They will, of course, continue to work with you in the future. Remember to be fair while purchasing items from other collectors. It’s because of this symbiotic relationship that you’ll always have a supply of coins and a place to sell them. You’ll have a steady stream of customers.

Frequently Asked Questions

  • What Should You Consider When Buying Coins?

When choosing which coins to buy from a coin dealer, keep the following criteria in mind:

  1. Grade

The quality of a coin is quite essential. The amount of wear on a coin is measured through coin grading. The lower the grade of a coin, the more wear it has. Uncirculated coins show no signs of wear.

  1. Attractiveness

In coin collecting, eye appeal is a highly subjective concept. Coins with numerous nicks, cuts, scrapes, and bruises, on the other hand, tend to rate low in the visual appeal category among most coin collectors.

The location of scratches, lines, and other flaws is also essential; a scrape across the writing or date is much more upsetting to most coin collectors than the same damage hidden within the eagle’s feathers.

  1. Color

Incredibly dark coins are not valued as highly as coins of the same sort that are of a regular tint. Ones with a uniform color tone are likely to attract more purchasers than coins with a splotchy color tone.

  1. Price

Yes, price does matter to coin collectors as well! Check out coin pricing guides, which tell coin collectors the current market rate for most coins. While coin collectors are often prepared to spend more than the average for a precious coin or one superior to the majority in its grade, no one wants to be taken advantage of.

  • Is It Necessary To Clean Coins Before Selling Them?

No, it is not necessary to clean coins before selling them. While you might believe that cleaning a coin with years of dirt and grime would increase its value, the contrary is true! Cleaning a coin may cause it to get damaged, lowering its value. If you do decide to clean it, make sure a professional takes care of it. Doing it on your own may irreversibly damage it.

Reputable Coin Dealers In St. Petersburg

If you’re looking for a reputable coin dealer in St. Petersburg to Buy and Sell Coins, look for further than Beantown Coins. We are the leading coin dealer in St. Petersburg, and we’re here to get you the most fantastic deal in town. If you come to our store today, we’ll make you an offer so you may transform your old coins into cash without delay!

Contact Beantown Coins At 857-294-7820 Now!

Beantown Coins – St Petersburg
3530 1st Ave N. Suite #220 St. Petersburg, FL 33713

5 Tips For Finding A Reputable Coin Dealer Near You

Buy And Sell Coins In Boston!

Buy And Sell Coins in Boston

Coin collecting is a common hobby that has been practiced for centuries. Many people are driven to this activity because they want to collect valuable coins such as rare coins, mint error coins, gold coins, and historical coins. Many of these coins are worth a lot of money, but there are also a lot of recreated and counterfeit coins out there that look like their more precious counterparts but are worth a lot less. It is why, whether you’re trying to buy or sell currencies, a coin collector must know how to select a reliable coin shop.

Are you looking for places to buy and sell coins in Boston? Beantown Coins is the best place to go. We buy and sell coins of all types. We offer a wide selection of coins and competitive pricing that sets us apart from our competitors.

Ready To Sell Or Buy?
Contact Beantown Coins At 857-294-7820 Now!

Tips For Finding A Reputable Coin Dealer Near You

Fake coins and coin dealers attempting to take advantage of collectors who don’t have the same degree of expertise are easy to fall for in the long run. So before you go to a coin store to buy or sell coins, make sure you consider the following factors to guarantee that you are dealing with a trustworthy vendor.

  1. Experience

In general, the more experience a coin dealer has, the more they should know about valuing rare and precious coins. Many coin collectors consider their purchases to be investments and seek the assistance of a reputable and qualified coin dealer for reliable information. Going into a coin shop and speaking with their pros is the most excellent approach to gather the information you need to establish a coin buyer’s experience and skill. The following are some questions you should ask the coin dealer:

  • Have you been in business for a long time?
  • What are your areas of specialization?
  • Is your coin business a member of the American Numismatic Association (ANA) or the Professional Numismatists Guild (PNG)?
  • Do you have a physical location where you sell your products?

The answers to these questions will offer you a far better understanding of the coin dealer’s experience and specialty. Membership in the PNG or the ANA is favorable because it indicates that the coin dealer has established sufficient skill and ethics to be admitted to these organizations.

  1. Verify That The Assets Are Real

A coin dealer must have tangible assets so that you may be sure they’ll be there for a long time. If the shop is brimming with genuine coins and other treasures, it’s a solid indication that they’re a financially sound operation. However, it’s also possible that the shop’s assets are being sold on consignment, implying that the coin dealer does not own them. The reason it’s crucial to figure out how long the coin dealer will be in business is to avoid being duped by a coin dealer who is about to go out of business.

  1. Ask About Their Reputation

Checking their reputation among their peers in the industry is a useful strategy for determining whether or not a coin dealer is trustworthy. Those who are unscrupulous or untrustworthy in their dealings with coin dealers will likely establish a terrible reputation among their colleagues. As a result, it’s recommended to stay away from them. You may likewise reach out to other coin collectors and speak with them about their experiences dealing with different dealers. It will offer you additional information regarding the reputation of a coin dealer.

  1. Evaluate Their Ethics

Ethics are critical when evaluating a coin dealer because it is too simple for a dealer to rip off customers who have no idea how much their coin collections are worth. Dealers who belong to the PNG or other similar organizations demonstrate that the coin dealer follows the ethical standards required for membership. Honest coin dealers take the time to evaluate each of your coins and provide you with an accurate assessment based on current market value.

  1. Recourse For Disputes

For your security, it’s critical to investigate what kind of recourse you have in the event of a dispute. A coin dealer who does not belong to the PNG or a comparable organization is not held to any standards and can be challenging to deal with in the event of a disagreement. When a complaint is brought forward, PNG members agree to an arbitration process to resolve the problem. Working with a PNG-member coin dealer with a solid reputation can avoid the bother of having to file a lawsuit against a coin dealer who is not a member of the aforementioned organization.

Frequently Asked Questions

  • What Are Some Coin Selling And Buying Tips?

Here are some pointers on how to sell or buy your coins:

  1. Don’t get yourself into a situation where you have to sell or buy something you don’t want.
  2. Choose the best time to sell or buy your coins.
  3. Have an emergency plan in place.
  4. Your slabs should be clean.
  • Can I Sell My Coins For Profit?

Yes, the value of a coin is decided by various factors, but at the end of the day, a coin is only worth what someone is willing to pay for it. Like any other merchant, a coin dealer makes money by buying coins at a discount and selling them to coin collectors at a reasonable profit.

Reputable Coin Dealers In Boston

If you’re looking for a reliable coin dealer in Boston to Buy and Sell Coins, the traits mentioned above can help you make an informed decision.

Beantown Coins is a reputable coin dealer and buyer in Boston that provides free, risk-free assessments for your collection. The Professional Coin Grading Service (PCGS), the Numismatic Guaranty Corporation (NGC), and the American Numismatic Association (ANA) are among the institutions that have given us their stamp of approval. We have years of experience with US coins and always provide a fair and honest appraisal based on current market conditions.

Buy And Sell Coins In Boston!
Call Beantown Coins At 857-294-7820 Today!

Beantown Coins – Boston
1266 Furnace Brook Pkwy, Quincy, MA 02169, United States