These days, discretionary funds are difficult to come by. If you happen to have some silver, gold, or platinum coins that you're interested in selling, you might want to sell coins online to receive more than through your traditional options. Considering that the precious metals market is performing well, you may be shocked at how much you can receive when by selling coins online. We'll discuss a couple of options below to provide you with some additional insight.
When you boil it down, there are essentially two ways to sell your coins online, which are as follows:
* Auction Sale. Plenty of online companies offer coin auctions, which are geared toward both buyers and sellers. In terms advantages, coin auction websites that have established a long-standing reputation in the industry give your coin plenty of exposure, as some auction sites cater to the domestic as well as the international market. This may increase the likelihood of a strong selling price - especially if you don't have many local coin buyers in your vicinity.
However, there are a few potential drawbacks that you should take into consideration. First and foremost, selling your coins through an online auction service can be extremely expensive. The listing fees, auction fees, and if you choose to ship your coins free of charge, which is a common option selected when selling coins through an auction service can run 15% or more of the total sale price. Furthermore, there's no way to know in advance who you're doing business with. Since online auction services don't necessarily pre-screen buyers, you could find yourself part of a scam. Even if this isn't the case, if the buyer contests the sale of the item, you can still find yourself potentially out hundreds of dollars if a claim is filed and the online auction service finds in favor of the buyer.
2. Online Coin Dealer. This brings us to the next potential option, which is selling your coins online to an online coin dealer. These days, it's no longer necessary to conduct business online, especially when there are reputable online coin buyers who have impeccable reputations, and are rated as an "A" business by the Better Business Bureau. This option far outweighs some of your local options - especially if your local options consist of pawn shops, jewelry stores, or "we buy gold" stores.
A local coin dealer who also has an online presence should have easy to follow guidelines on his website to assist with how to sell coins online. You should only consider doing business with online coin dealers that have clear and specific guidelines. It's recommended that you also always have your coins and bullion insured so that you'll be covered in the unlikely event of a SNAFU. Some of the better online coin dealers will even agree to reimburse you for a portion of your shipping cost when you sell coins online.
In summary, if you choose to sell coins online, you've increased your potential options and can do business with the ease and convenience of never leaving your home. Furthermore, if you follow the above tips and guidelines, you can be certain that you're doing business with a reputable online coin dealer with whom you may establish a long term relationship.
When you boil it down, there are essentially two ways to sell your coins online, which are as follows:
* Auction Sale. Plenty of online companies offer coin auctions, which are geared toward both buyers and sellers. In terms advantages, coin auction websites that have established a long-standing reputation in the industry give your coin plenty of exposure, as some auction sites cater to the domestic as well as the international market. This may increase the likelihood of a strong selling price - especially if you don't have many local coin buyers in your vicinity.
However, there are a few potential drawbacks that you should take into consideration. First and foremost, selling your coins through an online auction service can be extremely expensive. The listing fees, auction fees, and if you choose to ship your coins free of charge, which is a common option selected when selling coins through an auction service can run 15% or more of the total sale price. Furthermore, there's no way to know in advance who you're doing business with. Since online auction services don't necessarily pre-screen buyers, you could find yourself part of a scam. Even if this isn't the case, if the buyer contests the sale of the item, you can still find yourself potentially out hundreds of dollars if a claim is filed and the online auction service finds in favor of the buyer.
2. Online Coin Dealer. This brings us to the next potential option, which is selling your coins online to an online coin dealer. These days, it's no longer necessary to conduct business online, especially when there are reputable online coin buyers who have impeccable reputations, and are rated as an "A" business by the Better Business Bureau. This option far outweighs some of your local options - especially if your local options consist of pawn shops, jewelry stores, or "we buy gold" stores.
A local coin dealer who also has an online presence should have easy to follow guidelines on his website to assist with how to sell coins online. You should only consider doing business with online coin dealers that have clear and specific guidelines. It's recommended that you also always have your coins and bullion insured so that you'll be covered in the unlikely event of a SNAFU. Some of the better online coin dealers will even agree to reimburse you for a portion of your shipping cost when you sell coins online.
In summary, if you choose to sell coins online, you've increased your potential options and can do business with the ease and convenience of never leaving your home. Furthermore, if you follow the above tips and guidelines, you can be certain that you're doing business with a reputable online coin dealer with whom you may establish a long term relationship.
About the Author:
Looking to find the best deal on how to sell coins online, then visit www.atlantagoldandcoin.com to find the best advice on selling coins online to receive top dollar for your coins.
