How to sell your rare or valuable coins?
One of the most difficult things to do is to sell a coin collection and reap the maximum return out of it.
When selling rare coins, it can be difficult to know where to turn You might have a 1930 Penny, an 1813 Holey Dollar or an 1852 Adelaide Pound that you’d like to sell.
Sell Your Own Coins
Firstly, you can try and sell it yourself.
Our view would be that this is difficult as you have to find the right customer and without a large customer base, this will be a struggle.
The additional issue is that you might not get the same price as a reputable dealer. On the other hand, the price you achieve is what you receive
Sell At Auction
The second option when selling valuable coins is to sell at auction.
The costs associated with auctions are insertion fees which can be 10%, and the hammer fee that the buyer pays which is often 22%.
If your treasured collection of predecimal-proof coins sells for $100,000, you will likely only receive $90,000. Additionally, the true retail value of those coins would be $122,000 as the buyer factors in the hammer fee.
Auctions also leave the potential for low-price realisations. The auction house does not have an equity stake in the item and their priority is that the coin sells in order to achieve a commission.
It is not unfair to say that their primary motivation is to sell the coin, not maximise its price. This critique is also valid for the consignment of coins directly to coin dealers.
Lastly, there is always the potential for the item at auction not to sell if you insist that the starting price not be too low. It is a common occurrence that items such as star banknotes and gold sovereigns pass at auction due to the starting bid being too high.
Sell To A Coin Dealer
The third option is to sell directly to a coin dealer like us.
We are always buying numismatic rarities.The benefits of selling to a reputable coin dealer are that we will buy the complete collection and you will not have to wait for an auction to occur.
We are also able to be extremely competitive with what we pay. This is possible due to having a customer base for these products and no insertion fees or hammer fees.
Recently, we purchased a substantial gold coin collection. We worked out that our margin in totality was just under 10%.
This seller would have been between 12-22% worse off going to auction.
In another example, we helped liquidate the remaining elements of an old Sydney collection after poor results at auction.
We calculated that the vendor would have been 20-25% better off selling to us directly.
Lastly, we provide estimates based on previous sales history that we happily share as part of the purchasing phase. We can also provide the tools to do your own research to verify our valuation.
Get in Touch Now
If you'd like to get in contact with to explore the possibility of selling your coin collection through us, please get in touch via our contact page below or call us directly.
Frequently Asked Questions
How do you pay for my coins?We offer fast payment options once we've agreed on a price for your coins. For more details, please contact us.
What if my coins are in poor condition?We buy coins in various conditions. The value of your coins will depend on several factors, including rarity and demand. Don't hesitate to reach out to us for a valuation.
Where to sell rare coins?Ensleigh Coins is your go-to place to sell rare coins. We offer fast valuations and payment, and we can even collect your coins.
Should I sell to a coin dealer?Selling to a trusted dealer like Ensleigh Coins can often be more beneficial than selling to individual collectors or at auction. We offer competitive prices and a smooth selling process.For any additional questions, feel free to email us at email@example.com. Don't forget to check out our new stock regularly for exciting additions to our stock.
Sell Your Proclamation Coin
We are always in the market for proclamation coins. We're the perfect place to sell your proclamation coins.
Sell Your Holey Dollar
Ensleigh Coins is the perfect place to sell your holey dollar. We are always looking for more stock.
Sell your Adelaide Pound
We are always in the market to buy your Adealide Pounds. These coins are rare and desireable.
Sell your Sovereigns
We are always looking to buy Sovereigns in any condition or grade. Key date Sovereign can command significant premiums.
Sell your half Sovereign
We are always looking to buy half Sovereigns.
Sell your predecimal proofs
We are always on the lookout for predecimal proof coins. We purchase predecimal proof coins.