A Smart Guide to Selling Your Coins

Why Invest in Coins?

There has been a rise in the amount of investors buying coins due to the troubled economy and fears about the decline of the value of paper currencies. Investing in gold, silver or platinum coins has become a growing trend during these tough financial times. With the price of gold along with other precious metals reaching record highs and all of the news stories about a slumping economy, investors are clamoring to put their money where they are confident it is safe. The result is a significant spike in buying and selling gold coins, silver coins and platinum coins.

Fun Facts about Coins:

• American Eagle and Canadian Maple Leaf coins have higher retail prices than South African Krugerrand gold bullion coins.
• Elvis Presley’s rare 1924 St Gaudens double eagle $20 gold coin medallion made of solid gold and surrounded by diamonds sold for over a million dollars.

Selling Your Coins:

The market for accurately graded, high-quality rare coins is undeniably strong. If you don’t know your gold, silver or platinum coins then it is important that your coin dealer does. Making informed decisions about selling your coins means that you have a buyer that is not only willing to help you with these decisions, but also is reliable and trustworthy.  Sellers should be aware of some marketplace factors such as the actual cost per ounce of precious metals, condition of the coins and bullion value versus collector value.

Important Things to Remember When Selling Your Coins:

• The market value for precious medals fluctuates with the economy.

• Some of the gold, silver and platinum coins may be readily available in circulated condition for a small premium over their bullion content, but the same coins in mint condition may have significantly higher value up to thousands of dollars above their melt value.

• Bullion vs. Collector Coins: Sellers should be aware of the difference between the value of bullion coins which tends to fluctuate with current market of gold, silver or platinum, and “rare coins” that are valuable to collectors and historians.

Before selling your coins it is worth the time and effort to know the current market prices of gold, silver and platinum. It is also important to choose a dealer who will pay you what your coins are worth. Knowing what a buyer is looking for is one way to be assured of getting the best deal when selling your coins.

At David Levis and Sons Jewelry Buyers we believe in getting you the best price for your coins. We are the premier Jewelry Buyers in San Diego and pay more than anyone else for your gold, silver, platinum, diamonds, jewelry, watches and coins.  Contact us now to schedule an appointment or call us at (619) 238-9100.