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How to Sell Gold MyCoinBroker Selling your coins is just as important as the process by which you bought them. There are three general methods of selling your coin portfolio. You should know up front that each of them will involve your packaging your holdings and shipping them to MyCoinBroker.com. Many firms attempt to work off of exhaustive lists and descriptions, but there is really no way to give an exact value without an expert actually examining the coins in person.
Method #1: Selling Directly to MyCoinBroker.com. MyCoinBroker.com makes a two-way market in rare coins and precious metals. We will purchase your portfolio or collection should you decide to sell at any time. This may or may not be the best method, depending on the nature and value of your holdings and market conditions.
Method #2: Consignment through MyCoinBroker.com. MyCoinBroker.com will sell your coins for you to other customers who may have them on their Want Lists. This can sometimes result in a greater return to you, depending on the content of your portfolio and market conditions at the time. It can take a little longer to get your money when you use this method while MyCoinBroker.com seeks a suitable buyer for your coins.
Method #3: Auctions There are two methods of auctioning your coins: live public auctions and online auctions, such as eBay. At MyCoinBroker.com, we recommend against auctioning your coins on eBay yourself. There are too many pitfalls and too much risk associated with such transactions, especially in terms of the price realized. MyCoinBroker.com has relationships with several of the industry's major auction houses and we can help you obtain preferential treatment and advantageous auction fees.
If you own especially rare or high quality coins, selling through public auctions can often help you get higher value for your coins. In some cases when multiple bidders compete to obtain a coin, the price realized can really climb. However, auction sale of coins can take as long as 6 months, so if you are in dire need of cash, this method may not be the best for you.
For more information on selling your coins, please call us at 888-431-0007 or email us as info@mycoinbroker.com
MyCoinBroker.com
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