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A Few Tips On Selling Coins

There are plenty of reasons why people want to sell coins in Chicago. Some people are avid collectors of a specific series, these collectors will often sell coins that are not of genuine interest so they can finance the purchase of that elusive coin that will complete their set or series. Other people may have inherited a coin collection from a parent or grandparent and as they have no interest in the hobby, they simply wish to turn the collection into cash. Whatever the reason there are a few tips that will make the process easier and safer.

   *  Be realistic: When you sell coins in Chicago, don’t make the mistake of either overvaluing or undervaluing them. Although the dealer will be in a far better position to provide you with a realistic valuation, you owe it to yourself to try and determine approximately what they are worth. This simple step can help you avoid disappointment when the dealer gives and honest appraisal and its less than what you had your heart set on or, to find out later that you agreed to sell at a value considerably less than what the coin is worth. Find the wholesale value before you visit the dealer.

   *  Understand coin grading: There are numerous things that affect the value of a coin such as the following: rarity, demand, metal and the most important is condition. Before you go to the coin dealer take some time to find how the dealer will look at the coin, in this way you will have a good idea of what to expect.

   *  Always use a reputable coin dealer: Once you have an understanding of what the coin is worth, now you must locate and build a relationship with a well known and reputable dealer. A reputable dealer is one that has a great deal of knowledge, a sound business that has been serving the community for a number of years, is known to be ethical in all his dealings and one that has an excellent reputation amongst other well respected dealers.

Although there are many other ways to sell coins in Chicago, there are always issues such as seller’s fees and shipping costs that must be taken into account. When you sell your coins to a local dealer you have the chance of communicating one-on-one, this in itself is very beneficial as you can conclude your negotiations on the spot.

The expert numismatists at Chicago Gold Gallery will ensure that you get the best possible price when you wish to sell coins in Chicago. Chicago Gold Gallery buy US and foreign coins in any condition. Visit them at