You should keep reading if you want to sell your vintage coins for some cash. This Youtube video explains the common mistakes people make when meeting with coin dealers that can cost them money. Let’s find out more!
One of the main errors people make when meeting coin dealers is telling them that they don’t know anything about coins. They might also ask them for advice.
That’s a huge mistake because some coin dealers are businesspeople above anything else. Some of them might not give you the best tips, and you must be careful. Luckily, these kinds of dealers are in the minority.
The community of coin dealers worldwide has established metrics to determine what they’ll pay for certain coins. They have come up with these standards to prevent foul play or lowballing. However, the amount might vary between states and countries. Therefore, it’s up to you to research some more based on the coins you own to get an idea of how much you can expect during a sale. For example, reputable dealers have a standard percentage they’ll pay based on gold or silver coins. No matter what, they’ll stick to those rates.
You can watch the rest of the video for more details about coin dealers.