From nearly the beginning of human history, precious metals like gold and silver have been treasured for their beauty and desirability. Stories about King Midas, golden geese, and silver linings have been passed down to us over the centuries. And, even during the past two centuries, thousands died in California, the Yukon, and elsewhere as they unsuccessfully pursued dreams of striking it rich by locating the “motherlode.” In this article, we wanted to share with you some key tips on gold and silver coins and bars.
You recently inherited a coin collection or have been collecting silver coins for some time. You have decided to liquidate all or part of the collection, but you are not sure where to go to get the best return. There are several options to consider when selling silver coins: how much you receive in return can vary significantly.
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: