If you have a large coin collection, you may be wondering how to get rid of it all at once. Whether you inherited or built it yourself over time, selling it all at once is certainly the fastest and easiest option. Check out these three options to do so and remember to contact GNJ Pawn Big at (661) 224-1999 for more details.
1. Figure the Value and Sell on Your Own
In this day of the internet, it is not hard to find the values of coins. You can buy a guidebook or buy a subscription to a website that values coins. You can then list all your coins, find their values, and sell them individually to buyers who want those specific coins. This is the best way to proceed if you want to make the most money but it has a few huge downsides.
First, it can take forever. Literally years. It also requires constantly listing coins, keeping track of those listings, sending coins, meeting people for picks and drop-offs, going to coin shows – the list goes on and on. While you may make more in the long-run, the truth is that you will spend so much time getting them sold that you would likely have been better off selling them in another way.
2. Take Your Coins to a Local Coin Club
It may be that there is a coin club in your area that you can visit. You may be able to go there and see if anyone wants to buy your collection. The issue with this is that you are likely to find someone who wants some but not all of your coins. They may be willing to buy all of them, but they will not give the full resale value for all of them because they do not want all of them.
3. Take Your Coins to a Pawn Shop
Taking your coins to a pawn shop is the easiest option to get the fairest price for your coins. You will generally get an immediate offer for the entire set of coins. It is true that you will get paid less than you would if you sold each coin separately, but consider the value of your time. Do you want to make an extra $100 by selling each one on its own, but spend 20 hours doing so? Or do you want to sell it all in just a few minutes?
At a minimum, it is worth talking to a pawn shop to find out what they will offer for your coin collection. The good news is that GNJ Pawn Big buys coins individually and entire collections too. You can stop by our convenient location or give us a call at (661) 224-1999 if you have questions about the process.
