Some recommended steps when going to sell. My first recommendation, please don’t sell unless you absolutely must – We are all stacking for the obvious reasons.
Key points:
Recognizable sovereign coins (ASEs, Maples, Gold Eagles, etc.) sell easiest and usually get the best prices, often at or above spot. Generic rounds and unknown bars typically sell at a discount to spot. Always check current online dealer buyback prices first so you know your realistic floor before going into an LCS.
Best places to sell:
Local Coin Shop (fast, can negotiate if you know your comps – easy to verify) Reputable online dealers (mail-in. often best price for bigger stacks) Peer-to-peer (higher price possible but more risk)
Things to avoid:
Pawn shops and jewelry stores (they crush you on price) Showing up cold without knowing current buyback rates Random Craigslist/Facebook meets – this can be dangerous!
Knowledge is leverage. Spend a few minutes checking live buyback offers from a few big dealers before you sell anything.
submitted by /u/GoldandSilverSaver
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