Read on for a short guide covering the best way to sell your coins online.
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. Nowadays, there are dozens of ways you could try to convert some or all of your rare British coins into cash. But, are you getting the best deal? There are hundreds of coin buyers UK Based claiming to be the one who helps you do it. Some will give you a much better deal than others but be sure to choose the right coin dealers for you!
Get the best value for your coins
Once you’ve decided to sell your rare collectable coins, your priority is getting a reasonable price for them. Of course, 300-year-old British silver coins will sell for more than modern 50p coins, but even new collectable coins can be precious 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? Decimal coins often sell for more based on how many coins were issued. Choose the right place to get a coin valuation online and directly to sell them.
Don’t go to a pawnbroker! Choose only British and foreign Coin Buyers
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 has 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 while 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 reasonable price for even rare 2 pound coin or even a collectable 50p coin requires a great deal of right 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 true. Using a trusted, established coins buyers 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. So 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 reasonable price and come back to us.
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 meagre 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. Why not give us a try the next time you are thinking about selling coins!
Check out our reviews or try out our free coin valuation online.
How much can you expect to sell rare coins online for?
This is the real question. 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 70% and 85% of your anticipated coins sale value when you sell to us. Yes, a 30% 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 15% and 20% 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. If you experience any problems or cannot find what you are looking for, please contact us and we'll be happy to assist you with your search.
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. While 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 usually are 95% 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 and silver.
We like all collectable British coins of all kinds, but especially Royal Mint coins and sets:
- 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)
- Gold Bullion or any Bullion Coins and Bars
Safely and Securely Sell Your Coins Online!
Should my old coins be cleaned before selling them?
Never clean your rare or collectable coins! Cleaning them will immediately reduce their value substantially. They are worth more in their current state!
Unfortunately, the following coins listed we do not purchase:
All coins that may be passed through your change in general circulation.
- One Pound Coins (£1),
- Two Pound Coins (£2)
- Twenty Pence and Fifty Pence Coins (20p & 50p)
Old pennies, halfpennies, as well as any copper and cupronickel coins dated from 1946 or later are not wanted.
Three easy steps to buy and sell coins online
With all purchases, we require one form of Photo Identification when we purchase your coins. A Valid UK Passport or Driving Licence is typically prefered.
- We can arrange a home visit. (Generally for more significant collections of high value)
- We can conduct an online appraisal - Please email us detailed, high-resolution pictures. (The quickest and easiest way to sell coins)
- 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 the cost of approximately £7.25. If your collection is worth substantially more, we advise you to send it in 2 or more individually insured parcels.
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 banking information you wish us to make the payment.
Payments are often made after you have confirmed our initial verification deposit has been received.
Please send all coins to the following address.
We do not recommend displaying the word coin or coins on any parcels to ensure maximum security.
PO Box 257