Aug 1st, 2022 · 4 min read
There’s nothing in the world quite like a coin collection. The mystique surrounding its provenance, wondering whose hands the coins have passed through – and, of course, its current market value.
Collections change hands all the time. They can be inherited, picked up at a garage sale or bought cheap at a flea market. But when they end up in the hands of people who aren’t coin enthusiasts and don’t know what to do with them, the choices aren’t always straightforward.
Deciding to sell the coins on is the easy part. But working out what they’re worth, getting good advice on how to make the sale and completing the transaction without worrying you’ve just been cheated out of a fortune are other matters entirely.
At Coinfully, we’ve seen so many people left bewildered and angry by coin dealers online and in coin shops who have lured them in with inflated stories about the value of their coin collections only to cut down that price as the deal nears completion.
We’ve heard of grandkids driving their inherited collection across three states only to be lowballed at the last minute by greedy coin dealers just out to make a fast buck.
We understand the frustration. That’s why we’ve started a blog – to make the life of an amateur coin seller easier and to show you all the pointers and pitfalls you need to make an informed decision on selling your own or inherited coin collection.
Why a blog about coin collecting?
At Coinfully, people come to us all the time looking for reliable information about inherited coin collections and coin collections they, too, may have accumulated over time. As passionate coin collectors ourselves, one thing we love most is helping other people understand more about numismatics, teaching them about the history behind their coins and what makes their coins valuable (and, in some cases, not so valuable).
The questions we get are many and wide-ranging, and so we thought it would be a good idea to lay some of the common ones out here in blog form. If you have inherited a coin collection or have your own collection you’re looking to sell, you don’t want to wade through page after page of information on the internet or from an anonymous dealer you’re not certain you can trust.
Our president, Wyatt McDonald, said: “We’re here to use our expertise to make your life as easy as possible. The aim of the blog is to give you the background information, the basics to look for, the advice that will help you understand what makes coins valuable, so you don’t get tripped up.
“That’s part of the reason we put together our Instant Value guide – to help people access reliable information about the value of rare coins and coin collections. The blog aims to take this further, looking in detail at what makes a coin collection valuable and what to do if you’ve inherited a coin collection, for example.”
With Coinfully in your corner, you’ll get a fair result – guaranteed
When it comes to doing business with a coin trader, it’s important to know as much about them in advance as possible. All the information you could wish to know about us – from our professional histories to our unique and completely transparent approach to buying coins – can be found on our website. The blogs are an extension of that. We aim to give you the tools so you don’t need to worry about being taken for a ride.
What’s to come?
Our blogs are going to cover all areas of coin trading and valuing ranging from item specific blogs such as why a particular coin holds its value to how to appraise an inherited coin collection or one you may have built up yourself. We steer clear of jargon and insider language – anyone can find themselves with a coin collection so it’s important that you understand what we’re writing about.
Want your coin collection valued by a trusted coin buyer?
At Coinfully we’re passionate about you receiving the best valuation for your collection. Our priority is always to educate collectors on their coins so they can have complete confidence in the decisions they make. Our process is ultra-transparent and undertaken without any pressure – so you can find out what your coins are worth without the stress.
Get in touch with us today and find out how much your coin collection is worth.