Selling Coins in Chicago

by | Jul 2, 2024 | Jewelry

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Whether you are someone experienced with selling coins or just want to get into the trade, there have been a few changes over the years that make coin exchanges a risky business if you do not know what you are doing. When it comes to buying coins, everyone is a shark, so don’t be afraid to get what you feel your coins are worth. Here are some other tips to help you sell coins Chicago style.

Never Go Into a Forced Sale
If a coin buyer knows you are desperate to sell, then you have lost the upper hand. The worst thing that you can do is to go to a buyer and say that you need a fair offer. Forced sales typically will cost about 30% more. The sale of an individual coin may take over 45 days to get the price that you want.

The Right Time to Sell
The Internet has changed a lot about coin exchanges. You may see a high price for a coin one week only to find that it has dropped 20% the next day. However, it still rings true that the best times to sell coins are closest to the FUN show in January and in summer, when ANA comes around in July and August.

Clean Your Slabs
Dirty, scratchy slabs will always be harder to sell. You should make sure to present your best coins. You can take your coins to a grading service to be re-holdered to achieve the best quality.

Get CAC Stickers
Most people are attracted to CAC and will readily purchase CAC for a higher price than a coin that doesn’t have this certification.

When you’re in the market to sell coins Chicago, then one of the top places to stop by is Chicago Gold Gallery. You can find their website online here: Like us on our facebook page.