Where to sell your coins?
Where to sell your coins?
Do you have old pieces you’d like to part with? Whether you’ve patiently hunted them down or inherited them, it’s time to let your coins speak for themselves and find out what they’re worth! But where can you sell your coins and collectibles under the best possible conditions? Métaux Précieux explains how to sell your coins at the right price!
Where to sell your coins?
Physical stores, the safe option
The first and best option for selling your coins is still the specialized agencies. You’ll receive advice from experts who are passionate about their work, and benefit from customized support tailored to your project.
An expert in buying and selling precious metals will take the time to examine your coins in detail and make you a fair-priced offer in the form of an immediate quote. If you accept the offer, you’ll receive prompt payment, either by bank transfer or cheque.
This way, you can be sure of reselling your coins at a price in line with the coin’s value and authenticity. Whether you’re looking to buy or sell euros, francs or other collectible coins, your transactions are secure and traceable, and comply with the law and European standards.
Visit did you know? LMP’s Parisian and French agencies can help you buy or sell coins. Our expertise covers both gold and silver coins. Make an appointment with one of our experts.
Online stores for greater convenience
Another option for selling coins: online services. Valuation methods may vary depending on the agency you work with. At LMP, we’ve opted for security and convenience.
Thanks to kit or LMPYou can send in the gold items you wish to have appraised. All you have to do is fill in an online request form. We then send you a secure envelope in which to insert the gold or silver coins you wish to have appraised. The buy-back offer is sent to you digitally, from your personal space: it’s simple, fast and efficient. Online buy-back is the perfect alternative for people with busy schedules or who can’t visit a specialized agency.
Selling coins: how does it work?
Now that you know where to sell your coins, let’s take a look at the selling process. Depending on the agency you choose, the process of selling your coins may vary, but the main steps remain the same.
Appraisal, the first step
Estimating your gold coins or your silver coins is the first step in your buy-back project. At LMP, our methods take into account a number of criteria, such as the state of preservation of the item presented, its date of issue and its precious metal content. The price of the precious metal is also an element on which we base ourselves before formulating our buy-back price.
The sale transaction
After estimating the value of your coins, we propose a buy-back price. If it is accepted, we then proceed to the payment of the transaction. At LMP, we guarantee prompt payment by cheque or bank transfer. All our operations guarantee an unrivalled level of security, and total discretion.
If you have any questions about taxation of goldOur advisors will also be happy to answer your questions.
What are the most sought-after coins?
There’s a well-known list of coins sought after by numismatists, both expert and amateur. The most highly-valued French coins are :
- 20 Francs Turin of 1932 ;
- 5 Francs Hybride de 1832 Q ;
- 5 Francs Hercule of 1973 ;
- 2 Francs from 1834 BB “Abeille”.
Monaco’s commemorative 2 euro coin, the one with Grace Kelly’s profile, also sells for almost €2,500, since only 20,001 were made. The most expensive coin in the world today is made of silver: the Flowing Haïr Dollar.
How can you tell if a coin is valuable?
Before you know where to sell your coins, you still need to determine whether the coins you have in your possession are valuable! Visit gold symbol and silver are highly reputed, but what is the real value of your coins? Indeed, a gold coin or silver coin can be exchanged for a sum defined by the price of the material from which it is made.
But the price of a coin also depends, above all, on its rarity. Among the criteria taken into account to define a coin’s value are :
- date of issue;
- the mint (identified by a pin);
- number of prints ;
- design metal ;
- state of preservation;
- face value ;
- provenance, including country of origin.
Identify what your coin is made of can also be a way of identifying its value. But to do so, it is necessary to identify the coin before presenting it to experts and appraisers. Here’s a tip: don’t clean a tarnished coin before presenting it. Many collectors look for coins with a patina, because this can add value to them.
Did you know: for anyone wondering whether they should buy gold or silver in 2023, the LMP experts can also help you with your investment projects. We can help you buy and sell coins. And for those who want a taste, discover our guide to qhich gold coins to buy.
