Multiply the weight of the coin by the percentage "fineness" of the coin (the percentage of the coin that is gold or silver). This will establish how much of the precious metal you have to sell. Multiply the result of the first calculation by the current price of the precious metal in the coin.
In which app I can sell my old coins?
- CoinsForSale.com Only 5% to sell. No listing fee.
- Heritage Auctions 10% fee. Consignment program.
- Ebay 12.35% + $. 030 fee, plus listing fees.
- Apmex Well known. But won't pay until after you've shipped your coins.
- Modern Coin Mart Won't pay you until after you've sent them your coins.
Where is the best place to sell coins UK?
The best place to sell these types of coins is eBay.
Who collects coin?
numismatist
What is a collector of old coins called?
numismatist Add to list Share. Instead, a numismatist studies and collects coins from other places and time periods. The word comes from the Latin word numisma, meaning "coin, currency." The word numismatist was coined — no pun intended!
How do I know if my coin collection is worth anything?
“The three variables that determine the value of a coin are: how many were minted, the grade or condition of the coin, and the demand,” Gillis said. When asked which is most important, he says, “probably the mintage number if I had to choose one of the three.”
Do coin collections go up in value?
Not only do many coins gain value, but if you decide that collecting is not for you after trying it, you will likely get all of your investment back, a rare occurrence when it comes to most investments. Prices of some coins will fluctuate with metal prices.
Are coin collections a good investment?
Though investing in rare coins can be very profitable, it is more difficult to gauge what the collector market for a particular coin might look like five or ten years down the road. These coins all contain high-grade gold or silver, making them excellent precious metal investments.