When assessing your gold coin collection, you should note that most coins are categorized into two distinct types. If you want to sell American Eagle coins or the like, many of these coins are classed as “regular bullion” - which sells for its base gold value. If you want to sell rare collectible gold coins in NYC – like a $20 Saint-Gaudens - then these can be sold for more than their base gold value. If you’re having trouble identifying your coins, it never hurts to go for a free coin appraisal in NYC for a professional opinion. Don’t worry- going in for an appraisal doesn’t mean you have to sell!
Whether you are looking to sell Turkish Republic gold coins or $20 Liberty gold coins, you want to ask the right questions so you don’t risk getting scammed or losing money. Some of the critical questions you should ask in a bid to protect yourself include:
What is the current price of gold, and how much do your coins weigh? Find out that day’s spot price for gold and use it in your calculations when the appraiser weighs your gold coins. If the price they quote is significantly different than the spot price, take your gold coins elsewhere.
How long has the buyer been in business? If you are looking to sell your Double Eagle coin at a profit, you will want to avoid coin dealers in NYC who have only been in business for a short time, since chances are high they haven’t yet learned the ropes.
If you are looking to sell your gold coin collection, do your best to keep it in optimal condition. If you live in a humid environment, know that excess moisture can cause your coins to deteriorate and be sure to take extra precautions. Humid conditions may cause damage, but you can protect your valuables by keeping them in an airtight holder made of inert materials. Additionally, whatever weather conditions you live in, never store your gold coins in regular plastic, since plastic can give off volatile gases that harm gold coins.
The price at which gold coins sell in New York changes on a daily basis, and is dependent on the global markets. Whether you are interested in selling Austrian Philharmonic Gold Coins or buying Gold Buffalo Coins, it’s in your best interest to keep monitoring the day’s trading rate for gold to avoid being paid less than your coins are truly worth.
If you are looking to sell your gold coins for cash, you are probably wondering which is better: a physical Manhattan coin shop or a web-based retailer. Both have their upsides and downsides, and in the end, it really boils down to researching the individual shops and reviews. The best way to ensure that you are dealing with a trustworthy coin dealer is by checking their reviews online, whether through the Better Business Bureau, Google, or Yelp. And, if you are looking into a Manhattan coin shop, go in for a free consultation so you can really see the store and its people.
When selling gold coins in NYC, it’s important to establish some criteria about the buyer you’re looking into. Ask:
1. Is the buyer certified? How many years has the buyer been in business? How much overall experience in gold coins does the buyer have?
2. Is the buyer reliable and honest? When you go in for an appraisal, does the buyer show you upfront the weighing of the gold, or does he do it somewhere you can’t see?
Once you’ve asked yourself these questions, get ready to start comparing prices, and sell that gold!
“My favorite part about Luriya is honestly the e-books. They’re so informative and helpful when deciding where to sell gold. From detailing how gold is measured, to explaining the differences in karats, they do a great job explaining the process to customers.”
“When you go to sell jewelry, Luriya has the best payout offers in NYC. The jewelers know their stuff, no matter what you’re trying to sell.”
“For anyone looking to sell diamonds, Luriya is the place to go. They pay well, instruct you about their prices, and let you take your time to make a decision on a deal. Will be back.”