We can see what would drive people to do this. After all, if you owned, say, a vintage 1969 Mustang, you’d want to make sure it was polished before taking it to a car show.
So why is cleaning coins a bad idea? Because an improper cleaning can damage the coin’s surface and lower its value.
If you’ve inherited a coin, or find an old coin somewhere, do not clean it. And never attempt to clean the natural oxidation – such as tarnish on silver — that forms naturally on coins. Your coins will be worth more with this untouched, and removing it can damage the coin’s surface.
We’ve just – pardon the pun—coined a new model at Doylestown Gold Exchange:
“Buyers, Sellers, and Jewelers.”
That’s because the role of the traditional jewelry store has changed over the past 10 to 15 years, and we’ve had to change to keep up with the times. We realized that we needed to more for our customers than being an outlet to buy gold in Bucks County.
Here’s a word to the wise: If you have a coin collection you’d like to sell, it’s always prudent to tread carefully. Because while the condition of you coins is certainly critical, so to is the quality of buyer you bring them to.
The majority of coin dealers, of course, are honest and reputable businessmen, although some will try to take advantage of naive sellers. So let’s take a look at some of the most important tips to keep in mind if you’re interested in selling a coin collection:
According to Greg Glemser, a graduate gemologist and one of the three co-owners of Doylestown Gold Exchange & Jewelers, the customers who come into his shop with coin collections in tow almost always arrive with some variation of the same question: “What exactly do I have here?”
How Do You Know What Your Coin Collections Are Really Worth?
That’s a perfectly logical question to ask, and if you’ve ever been on the receiving end of an old and potentially valuable coin collection yourself, you’ll probably understand why.
Part of the answer, of course, is that most of us simply don’t know a whole lot about the value of coins. (Seriously: How many hardcore coin collectors do you know?)
The rest of the answer has to do with the way in which coin collections tend to appear in people’s lives.
“Reality” television programs have been wildly successful for decades, with none more popular than The History Channel’s Pawn Stars. The series, which is the network’s highest rated show, is filmed on location at the World Famous Gold & Silver Pawn Shop in Las Vegas, Nevada. The show depicts the staff’s interactions with customers who bring in a variety of artifacts (including coins) to sell or pawn, and are shown discussing its historical background and negotiating the price.
When the buyer is unable to evaluate an object the staff summons a knowledgeable local expert (who just happens to be conveniently available) to evaluate the item to determine its authenticity and potential value.
Bring in your item, even if you’re unsure if you want to sell
When it comes to selling gold for cash, there are as many reasons why people decide to sell your old and broken jewelry as there are people. It might be to help ends meet, to help fund an once-in-a-lifetime trip, or simply an effort to pair-down and live more simply.
Whatever the reason may be, the fact remains that gold is one of the costliest metals on Earth, and one of the oldest measures of wealth. It has been used for various purposes but most notably it has been used as a currency. Although most people think of gold only for making jewelry products, its value as an asset is strong, and now might be the perfect time for you to sell your gold for cash.