Don’t get your feelings hurt if several of the potential coin buyers that you call have no interest in seeing your coins. This accomplishes two things: (1) it will give them an idea of what you have and allow them to make notes prior to your arrival and (2) will save you a lot of time driving around town. The easiest way that we have found to sell coins is to call the local private coin collectors, coin dealers, and coin shops and ask them if you can email them your list of coins. Visit our Search By City page to find those closest to you. Once you have your collection fairly well documented and an idea of a potential value for your coins, you can reach out to the private collectors, coin dealers, and coin shops in your area. Using the example above, your 1921 Walking Liberty Half Dollar may be worth $6 to a Melt Value buyer, but, much, much more to a private coin buyer, coin dealer, or coin shop. Although there may be exceptions, most of these establishments purchase coins based solely on their Melt Value and keep all of the Numismatic Value on the back end in the form of profits. We highly recommend not selling coins or coin collections to Pawn Shops or those that advertise “We Buy Gold” such as a local jewelry store. The difference is the Numismatic Value: a 1964 Kennedy Half Dollar is widely available in any condition and as a result is typically worth just the value of the silver (there are some exceptions to this) whereas a 1921 Walking Liberty Half Dollar could fetch thousands of dollars depending on where it was minted and its condition. Based on melt value alone, these two coins are of equal value. Using a Half Dollar for example, a 1964 Kennedy Half Dollar has the same amount of silver in it that a 1921 Walking Liberty Half Dollar has. Regardless of the metal composition of the coin, many coins have a very high numismatic value. As mentioned above, the prices that collectors will pay are driven by both the rarity and condition of the coin(s). Numismatics is the study of coins, paper currency, and medals. As you will see, within each denomination the type of coin is listed in chronological order. We have structured our database to begin with the smallest denomination and works its way up. Use our Coin Database to match the coins that you have separated with what they are called in the Numismatic (collector) world. Now that your coins are separated, it is important to document what you have. What you should end up with is groups of coins that all have the same denomination and look the same to you. The goal of this first step is to make documentation much easier for you. Using the Half Dollar for example, the design of this coin has changed eight times since it was first minted in 1794. What this means is that you can have coins that have the same denomination but look completely different. Interestingly, each denomination has changed its appearance over time. Most United States coins have the denomination listed on the coin – i.e. As you look through your coins, separate them based on what they look like. You do not need to be an expert to take this first step.
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