Where Can Coins Be Sold

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Where Can Coins Be Sold
Where Can Coins Be Sold

Video: Where Can Coins Be Sold

Video: Where Can Coins Be Sold
Video: Sell old coins and bank note in biggest coin exhibition of 2021 || Coin company buyer/🤑 2024, April
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Numismatics, that is, collecting rare coins, is a very popular hobby that has literally become the meaning of life for some people. If you get hold of a valuable coin, you can always sell it profitably, sometimes at a price several thousand times higher than the face value.

Where can coins be sold
Where can coins be sold

Instructions

Step 1

Trading coins is a good way to earn extra money, and it does not require almost any special knowledge. Another thing is that it is not so easy to find a truly rare coin. Basically, collectors hunt for two types of coins - old and modern. Their prices vary greatly depending on the uniqueness of the coin and its condition. Those who want to make money selling coins are mainly looking for rare modern copies, the circulation of which is very small, so their cost can be up to ten thousand denominations, that is, for a ruble coin you can get ten thousand rubles. All the signs and characteristics of such coins are described in detail on the Internet, mainly they are associated with the year of issue, mint and minting errors.

Step 2

If you get your hands on rare coins, you can sell them online. On numismatic sites, online auctions are constantly operating, where the owners of valuable coins put them up for sale. In addition, there are various specialized forums, free message boards, but it is better to give preference to sites that unite collectors, since in this case there is less chance of an unfair deal, and the audience of such sites consists mainly of interested people. To sell on the Internet, you need good photographs of the coin from all sides; it is better to take them in macro mode.

Step 3

The second option to turn a coin into money is to sell it directly to a collector. As a rule, in every city there are so-called "flea markets", which are always attended by people buying and selling coins, badges, stamps and other collectibles. Collectors also often hold club meetings, which can be found in free classifieds newspapers or on the internet. By the way, in newspapers with ads, you can easily find messages about the purchase of rare and valuable coins.

Step 4

Finally, the rare coin can be sold to the bank. Many banks are engaged in the redemption of collectible coins. The advantage here is that the transaction will be absolutely safe, but, unfortunately, banks offer a minimum price and, moreover, have very high requirements for the quality of the coin.

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