Should I sell my inherited coin collection?

It’s always tempting when you have anything of potential value – from jewelry or a bag of silver coins, down to a rare individual penny – to try to sell it yourself. In your head, there is one big advantage – cutting out the middleman.

After all, there is no shortage of options when it comes to online sales platforms and sites. We can all look on eBay, for example, and see thousands of different types of coin dealers. Or of course, you could go straight to one of the many auction houses with your sets of gold coins or your nickels and dimes.

But is an auction really the best way? After all, coin collecting is a place where expert knowledge is paramount. So many factors come into play. Is that gold coin worth a fortune? Is that silver coin really made out of silver – or some other metal? And just how do you grade coins???? It can all feel like a lot for one person to do.

And while it may seem a good idea to try to reach a global market, the best buyers, those who can be trusted to offer the best numbers for your precious collection, may well remain out of reach.

Do you have the time and experience to sell your coin collection on your own?

Then there is the time factor. We’ve all got a lot to do in our busy lives and selling coins isn’t easy. First up, you will have to photograph and list each and every one of your coins, with your fingers crossed you got the detail on the nose.

Yes, there are an infinite number of publications and coin shops out there to help identify potentially valuable coins and give you advice on what to do with them, but this is an industry where the minutest production detail can mean a huge difference in selling values – and therefore the money in your pocket.

Getting even the smallest detail wrong can result in a return from your buyer. All the factors and details – the type, weight, patina, condition, rarity, denomination – need to be described correctly, perhaps entered onto a laborious spreadsheet. And what about storage and cleaning? It’s no easy task for anyone who doesn’t do it day in, day out. It’s not an especially easy task in the hands of an expert!

Even after extensive research, it’s all too easy to mistake a valuable rare coin in your inherited coin collection for something more ordinary and vice-versa. Collectors need to trust the information about your coin or coin collection in a listing – and that only comes through numismatic understanding and expertise.

Remember as well that in any online marketplace, you will be just one of thousands upon thousands of coin sellers and that you will:

• be charged either a fee or commission
• have to ship the coins yourself
• approach a specialist insurance company

…suddenly, the whole ‘do-it-yourself’ scene doesn’t appear quite so advantageous.

So what’s the best way to sell an inherited coin collection?

Compare that time suck with the coin appraisal service you might expect to receive from Coinfully. Forget online marketplaces where you have to filter out some crazies from genuine buyers and people who do this as a serious hobby along the way. Forget coin shops that could be on a site anywhere in the U.S. and who you don’t feel any sort of  connection with. We have access to a huge network of coin collectors.

We understand what they’re looking out for and know where they’ll be prepared to pay a premium purchase price for your estate, wherever they are around the globe.  For them, it’s an investment, so you’ll always get the best price.

For larger coin collections, we’ll come out to your home or place of choosing and will appraise your coins face to face, giving you full intel on the collection. If we’re interested in buying them, we’ll make you an offer there and then.

Once your collection is validated, payment is issued right away. No wondering whether the offer you have is genuine. Every part of the process is dealt with in a flash so you have complete peace of mind.

What if I don’t want to sell my coins right away?

If you choose not to sell your inheritance, that’s completely cool too. We have a zero-pressure policy at Coinfully, where the object of the exercise is for our appraiser to value your coin collection and tell you what it’s worth without any obligation for you to sell them on to us. It’s all in the hands of the individual.

In essence, a quick, ultra-transparent, no-pressure, stress-free way to appraise and sell your items from the comfort of your home. It’s your best case scenario!

The simple reality is there’s no better way to receive the best price for an inherited coin collection than with Coinfully. With our network of expert dealers, and the ability of our numismatics experts to talk you through your collection and answer your questions, this really is the best use of your time and the best offer you’ll receive.

Do it yourself? Don’t bother. Call our team for a free appraisal. It’s the easiest thing you’ll do all day!