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I have various silver and gold bars and coins. After getting quotes for my collection from a local coin shop, I noticed that the bullion values are reasonable, but for rare coins, the quote is far lower than the actual value of the coins.

In the case of e.g. American Eagle 1oz Silver Proof coins, these are selling from the US MINT at $55/each, and I paid around $50 for these several years ago. The coins are perfect and untouched...

Where/how can one sell coins at (or closer to) the value that the US MINT offers?

JacobIRR
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2 Answers2

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What do the coins go for on eBay compared to what the coin shop is offering? I wouldn't expect to be able to resell a non-graded, recent coin like this at the retail price the mint offers. The mint focuses on sales to collectors who get some enjoyment out of their coin collection, not investors looking to resell their collections at a profit.

If the dealer's offer is substantially below the fair market value on something like eBay, it could be worth it to sell your coins there or at a coin show. I would expect, though, that the hassle of selling the coins yourself is going to outweigh the cut the dealer is taking.

Justin Cave
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The best opportunity to sell small amounts of collectible coins is to go to coin shows.

Now the gold and silver coins from the U.S. Mint catalog-website are not bullion but are mint-marked coins.

S Spring
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