Do you keep asking how do I sell my coins UK or How do I sell my Coin Collection?
Many of us spend years or even decades building up a truly impressive gold coin collection. Whether you are keeping British gold coins as an investment, or you have always had a passion for rare collectable coins, sooner or later you’ll consider selling one or more of them. The thing is, it can be a tricky process. There are dozens of ways you could try to convert some or all of your rare British coins into cash. Are you getting the best deal? There are hundreds of coin buyers UK claiming to be the one who helps you do it. Some will give you a much better deal than others.
Get the best value for your (collectable) money
Once you’ve decided to sell your rare collectable coins, your first priority is getting a good price for them. Of course, 300-year-old British silver coins will sell for more than modern 50p coins, but even recent collectable coins can be very valuable to the right buyer. Royal Mint Proof Coins, like the Kew Gardens 50p coins. A rare 50p is very sought after sometimes. Who knows, your coins may even have minting errors? Choose the right place to get a coin valuation uk and to sell them.
Don’t go to a pawnbroker! Choose only Coin Buyers UK
No matter what, avoid pawn shops. You are not selling scrap gold jewellery. They will give you cash up front, true, but you’ll be lucky to get even a fraction of your collection’s real value. Even worse are the many ‘cash for gold and silver’ operations that have popped up in the last ten years or so. They will only pay out the ‘scrap’ value for your coins, then happily sell them on for tens or even hundreds of times what they paid you for them. Often paying a fraction of the price of gold sovereigns to sell on for much more.
How do I sell my coins UK, maybe sell gold coins at auction?
Another option is to sell your rare coins at a live, traditional local coin auction. Of course, this may be dependent on your local auction house having an interest in selling coins or collections and having the kind of customer base that would be likely to offer a decent price for them.
If you are lucky enough to have such an auction nearby, make sure you know the costs before you commit. Some Auctions will charge you a percentage of the sale price whilst others will charge a minimum flat fee, this could reduce the return you expect dramatically.
Online Auctions and Internet Marketplaces
Many collectors choose to sell through eBay or similar online auction sites operating today. It is definitely a better choice than going through a pawnbroker, but getting a good price for even rare 2 pound coin or even a 2p coin requires a great deal of good timing and even a bit of luck. It takes a very long time to list each coin separately and go to the efforts that are required to get the right attention for each one. Listing your entire collection at once is an option but most of the people bidding will only really want a few of the pieces, and may not understand (or at least appreciate) the value of the whole. Worse, the fees charged by these sites can be outrageous. Getting fair value for valuable coins is a challenge at the best of times.
Sell to a coin shop in our opinion, the best place to sell coins online.
Of course, we’re going to advise you that you’ll get the best deal for your precious metal by going through us. As the saying goes ‘highly recommended by owner’, right? But in this case, it is literally true. Using a trusted, established coins buyers UK to sell old coins and notes online give you certain undeniable benefits. We understand the market for collectable British coins very well, we have spent decades building a reputation for fair, honest and transparent dealing. something you may not find with a pawnbroker.
We are a business, though. We generally buy coins for slightly less than their expected sale price. We don’t just try to buy gold and offers scrap gold prices. But, because of the volume we do and our ability to predict a collectable coin’s sale value very accurately, we can afford to have smaller profit margins than many other coin buyers in the UK. In the end, we make more money if you know you are getting a good price and come back to us.
In fact, we buy many coin collections of all kinds from customers who had considered to sell old British coins by auctioning them but were put off by the necessity of breaking the coins up into individualised lots, and the distinct possibility of getting a very low price from unexpectedly disinterested bidders. Selling through an exchange also avoids the hefty insurance and auction fees, as well as giving the seller their money right away. Try us the next time you are thinking how do I sell my coins UK
Check out our reviews or try our free Coin Valuation online service.
How much can you expect to sell rare coins online for?
This is the real question, isn’t it? The exact answer depends on the coins, the condition, where the coin was minted, and the market for such coins at the time. We can only give you specific prices if you tell us what you have to sell.
In general, you can expect to get between 60% and 80% of your coins expected sale value when you sell to us. Yes, a 40% cut may sound like a lot, but that is an extreme example and would represent a coin of uncertain value, or one whose sale price has a chance of dropping sharply before we would be likely to sell it on to another collector. It might also represent a coin which is of a type we do not specialise in. Most coins we buy would be a lot closer to the 25% end of the range.
For help with buying and selling coins, you can use our free coin valuation online tab that is displayed on the bottom right-hand corner of your screen.
Coin Buyers UK, What are we interested in buying?
Of course, we most want to buy what we can expect to sell for the best prices. We do have our specialities as well. Whilst this list changes frequently, most of our stock is of a similar numismatic type.
Maybe you want to sell gold sovereigns? The price of gold sovereigns to sell to us are normally 100% of the metal price for standard bullion coins, gold sovereigns with minting errors often fetch more. Remember often you are not just selling scrap gold.
Collectable British coins of all kinds, but especially Royal Mint coins:
Rare 1 pound coins, issued in gold and silver
Rare 2 pound coins issued in gold and silver
Five pound coins issued in gold
British silver coin
Gold proof sets
Royal Mint coin sets
Maundy (sets and oddments)
Should old coins be cleaned before selling?
Never clean your rare or collectable coins! Cleaning them will immediately reduce their value substantially. Believe me, they are worth more in their current state!
The following coins listed, we do not purchase:
- One Pound Coins (£1),
- Two Pound Coins (£2)
- Twenty Pence and Fifty Pence Coins (20p & 50p)
All coins that may be passed through your change in general circulation.
Old pennies, halfpennies, as well as any copper and cupro-nickel and copper coins dated from 1946 are not or later.
3 easy ways to buy and sell coins online – So How do I sell my coins UK?
We require one form of Photo Identification when we purchase your coins.
- We can arrange a home visit.
- We can conduct an online appraisal - Please email us detailed, high-resolution pictures.
- You can send your coins by post using Royal Mail Special Insured Delivery - Prompt, secure and reliable.
Insurance can be purchased for up to £2,500 for each packet at a cost of approximately £7.25. If your collection is worth substantially more, we advise you to send it in 2 or more individually insured packets.
We will receive your packet by 1 pm the next day & sign the receipt directly. We will also phone you immediately to confirm our receipt and your arranged payment.
Please include your telephone number in each parcel and the name to which we should make the cheque payable.
Payment and postage instructions for customers asking how do I sell my coins UK ?
PO Box 257