We could all use a few extra bucks these days – especially in light of the poor economy and decreasing payrolls. Whether you’re in need of a few extra dollars to make ends meet or would like some discretionary funds for other purposes, you might want to sell coins online. These days, the precious metals market is performing quite well, so now may be a great time to sell your gold, silver, platinum, or palladium coins, bullion, rounds, or bars online.
When you boil it down, there are essentially two ways to sell your coins online, which are as follows:
1. The first potential option is to sell your coins through an online auction site. The benefit in doing so is that you’re able to reach a broader market than if you were to choose to sell your coins to a local coin buyer. This makes the prospect of selling your coins through an auction site somewhat appealing. It’s also fairly convenient, as you don’t have to leave your home when you sell coins online through an online auction service.
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.
* Coin Dealers with an Online Exposure. The traditional way of selling coins to coin dealers is to go to a shop and transact directly in person. This is quickly changing. Today, there are many coin dealerships that accept coins sold online. Any customer who has decided to sell coins online no longer has to transact in person. This also opens up the opportunity to seek multiple dealer quotes, and to select the most competitive offer without going to where the dealer is located. This is especially important if you don’t have any coin dealerships nearby, and is preferable to selling coins to a pawn shop, jewelry store, or “we buy gold” shop.
To transact online, coin dealers on the web will publish a list of specific guidelines to complete the transaction. You can ship to a coin dealer via US Postal Service and include insurance and tracking for your coins or bullion to make sure they are protected. Once received, your items will be evaluated and a final binding quote will be provided, which you should have the option to accept or reject. In some cases, online coin dealers even agree to reimburse a portion of your shipping expenses, making it an ultra convenient way to sell coins online.
Choosing to conduct business online increases your available options and allows you the ease and flexibility of conducting business without even leaving your home. Just be sure to select a coin dealership that is known for their honesty and integrity. An “A” rated company by the Better Business Bureau is an absolute must. Furthermore, doing a general search of the coin dealer that you’ve selected will help you to determine if there have been any complaints by previous customers. If you follow these easy to implement steps, you’ll be well on your way to receiving more when you sell coins online.
Want to find out more about how to sell coins online, then visit Atlanta Gold and Coin Buyers’ site to receive more when selling coins online.