Being responsible for liquidating a coin collection, whether it was collected on your own or as part of an estate, can be an overwhelming task. There are many factors to consider, including how much time you have available to complete the job and what kind of retail prices you’re looking for from buyers. About
One option for a large or high-value coin collection is to consign it with an auction house. However, keep in mind that these companies usually have minimum consignment values, and you’ll be responsible for photographing and listing the coins (as well as paying eBay and PayPal fees).
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Another popular option is to bring the collection to a local dealer. This is quick and easy, but may not yield the best price as most dealers will need to make a profit on the sale.
Alternatively, you can take your coins to multiple dealers or shop them at a large show like the ANA National Money Show(r) or World’s Fair of Money(r). By shopping around, you can receive offers from many different dealers and determine which ones offer the best prices.
Before selling your coins, be sure to review a coin resource guide such as the “Official Blue Book” to get an idea of what your pieces are worth. This will help you understand the differences between similar coins and help you identify any potential key dates or low mintage issues. In addition, be sure to separate any paper currency (including gold, silver and platinum bullion coins) from the U.S. coins in your collection.