If you have a coin collection that you're thinking about selling--either partially or completely--then of course you'll want to make sure you get the best prices on your collectibles. However, getting a fair price for your coins will take some time and due diligence on your part. Specifically, there are a few things you should know before you start selling off any of your coin collection that could maximize your profits in the long-run.
Research the Best Time to Sell
Understand that coin values can fluctuate greatly. With this in mind, you should do your research and determine the best time of year to list your coins for sale. Typically, the best times are sell are at the beginning of the year and at the end of summer (around August). This is when two major coin trade shows take place in the United States and the largest number of buyers are out there scoping out new purchases.
Complete Sets Before Selling
When it comes to coin collecting, you'll almost always get significantly more money for a full set of coins than you would for a hodge-podge of them. Therefore, while it may seem a little counter-intuitive to buy more coins when you're thinking about selling, you may be able to make a significantly larger profit if you're able to complete a collection. More than likely, you'll also have an easier time selling a full collection than you would selling individual coins.
Decide on an Avenue for Selling
These days, there are so many options when it comes to where and how you sell your coins. Take your time to consider all avenues and determine which is best for your needs. One of the easiest and most convenient ways to sell is online through an auction site, though in-person auctions will make transactions easier and more secure (no shipping required). You could also consider selling at a coin show or at a traditional auction in your area.
Find a Reliable Attribution Service
The last thing you want is to sell a coin you thought to be low in value, only to find out later that the coin was worth much more than you thought it was. If you have any doubts whatsoever as to the value of any of your coins, give yourself the peace of mind in sending them into a reputable coin attribution service like Harlan J. Berk, LTD before you decide to sell
