Sunday 12 February 2012

If You're Considering Selling Coins Online - Read This First!

By Glen Phillips


<a href="http://atlantagoldandcoin.com/mail-your-items/">Selling coins online</a> can be somewhat of an overwhelming experience considering the large number of online coin dealers in the marketplace. Most coin dealers claim to pay the most, but do they really? How should you go about separating the wheat from the chaff, or more appropriately, the gold from the dross? We'll help you to do so in the following article.

We first recommend that you confirm if the online coin dealer is affiliated with a third party agency that is dedicated to high levels of integrity and transparency, such as the Better Business Bureau. Simply being affiliated with the Better Business Bureau isn't enough, as online coin dealers may have a number of complaints filed against them or may have a number of unresolved matters. In other words, the grade or rating of the online coin dealer should be a large determining factor in deciding whether or not to sell your coins online to the dealer that you've identified.

You'll also want to confirm the length of time that the online coin dealer has been affiliated with the Better Business Bureau. A relatively short affiliation may not be sufficient to determine whether or not the coin dealer is reputable and honest in its dealings. While there's nothing scientific about this length of time, we're of the opinion that only online coin dealers that have an affiliation of at least a year should be considered. A year's time should be sufficient to identify trends and establish a track record. If not outstanding complaints remain after a year and the coin dealer has posted a solid "A" or "A-" rating, they're a firm that you should considering selling your coins online to.

Once you've determined if the online coin dealer you're considering has passed the integrity test, the next step should be to obtain information from individuals that have previously done business with the coin shop. Does the online coin dealer have testimonials from prior customers posted on their website, or have individuals posted reviews on their social media sites or Google Places site? Word of mouth is extremely important, and you want to make sure that other individuals have had positive experiences when selling coins online to the coin buyer that you've identified.

While vetting the online coin dealers that you're considering to determine if they meet your minimum requirements is important when you sell coins online, at the end of the day, your online coin dealer should be willing to pay you top dollar for your items. Our preference is that the online coin dealer post online their current coin buying rates. In our experience, online coin dealers who are willing to post their buying rates on their respective websites typically offer much more than coin dealers that keep this information hidden from the public. If not online, a representative of the online coin dealer should be willing to provide this information over the phone.

The information provided above should be a good starting point for you when selling coins online. If interested in researching the subject further, there are plenty of resources online that can help to improve your chances of receiving the most for your coin collection.




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