The US coin market is showing strength and potential moving into mid July. As the economy slowly strengthens rare coins are continuing to hold their value in the marketplace. People are capitalizing on this opportunity by collecting and selling rare coins for good money. Others are more interested in building their “dream collection” which is a a different approach but stems from a true appreciation and interest in the coins themselves, rather than making money by selling them.
While you might imagine rare coin collecting is just a hobby, there is actually a TON of valuable coins being bought and sold everyday which means a lot of money to be made. One tactic people use is “flipping” coins. It starts with someone getting a good deal for a rare coin online or in person. They then sell the coin for a higher amount than they purchased it for.
Whichever way you have obtained your coins, whether they were passed down from your Grandfather or you bought them to flip them, you must be mindful in your selling process. Once you have your rare coins to sell, the next step is to get them appraised by a local trusted coin buyer.
Stay away from selling to an individual you do not know from online unless you are in a trade show or conference environment. It’s always better to trust a local brick and mortar store to find knowledgable coin experts. This is especially the case when you have a rare coin but need to verify its authenticity. You never know…. you could have a coin worth thousands but you would never know unless you got it appraised!