Selling your coins to a coin dealer is a process that most people aren’t familiar with. There are a lot of terms and history involved that can sometimes make the process a bit overwhelming. Smith Jewelry & Coins is Saint Charles MO’s leading coin dealer; here, they provide answers to some common question to help make it easier. 

What to Know When Selling Coins

Should I Clean My Coins Before Bringing Them in?

Avoid cleaning them. Doing it yourself could leave scratches and devalue them by up to 50%. An expert can tell if you cleaned a coin, so avoid the risk and bring them in as-is.

How Do I Determine What My Coins Are Worth?

There’s no way to provide an accurate estimate without appraising them. Look for a coin dealer who is a member of the American Numismatic Association. An experienced dealer will do a detailed examination of each coin and provide you with a likely market value for them.

What Does It Mean to Grade a Coin?

Grading a coin involves comparing its current condition from when it was first struck. There is a 70-point grading scale that dealers use. The scale uses categories of Poor, Fair, and Good, along with a numeric value that indicates the state of the coin.

What’s the Difference Between Low-Mintage & Rare

Mintage refers to how many of that particular coin was struck. However, just because a coin is low-mintage doesn’t automatically make it rare or valuable. A rare coin also has remarkable value in addition to its low-mintage. 

Selling your coins is an easy process once you have a bit of information. When you are ready to bring in your collection for inspection, turn to Smith Jewelry & Coins. They are the area’s most reputable coin dealer with over 50 years of experience appraising, buying, and selling coins. Call them at (636) 441-6789 or visit them online for more information.