Do you have a rare coin or an ensemble of coins you suspect might be worth more than their face value?
Whether you want to dispose of the coin in a one-time sale or are interested in the hobby, one of the things you must know is the best places to sell coins online.
In the past, getting a buyer for your coin was slightly cumbersome, sometimes requiring you to attend numismatic events and auctions in person for a chance at selling your coins for cash.
These days, the internet has made it incredibly easy for anyone to find the best place to sell coins online right from the comfort of their home.
The good news is that some of these places do all the work for you—you just have to send over your coins and wait for your money!
We wrote this guide to explain everything you need to know about the best place to sell coins online. We offer tips on valuing your coin, getting your coins to sell, and scouting for the best platform to sell your coins.
So, without further ado, let’s jump in and find out: what are the best places to sell coins online?
The Best Places To Sell Coins Online
In this section, we’ll get straight into the most trusted platforms where you can sell your rare coins for cash.
1. Great Collections
Founded in 2010, GreatCollections has a relatively long history of buying and selling certified coins at all price points, from as little as $25 to coins worth hundreds of thousands.
This online auction house is the exclusive and official auctioneer of the American Numismatic Association. It has auctioned over a million coins certified by professional coin appraisers, including the Numismatic Guaranty Company (NGC), Professional Coin Grading Company (PCGS), and American Numismatic Association Certification Service.
As one of the leading coin companies, GreatCollections boasts annual average sales of $235 million.
As a seller, your certified coin is listed on the company’s auction site for free, where professional images are used whether your coin is worth $25 or millions. They also have a knowledgeable staff who can help identify and value your coins so you can know how much to expect from your single coin or collection.
2. Coin World
Coin World is an online resource for coin and currency collectors and sellers. Aside from dishing out the latest numismatic news, this platform provides a marketplace for sellers and buyers to trade coins and currency.
Although the marketplace on Coin World is comparably small, listing and selling your coins is super easy. Follow the quick steps to open an account, place your listing, and sell your coin.
The best part about smaller marketplaces such as Coin World is that your coins enjoy more visibility, improving the odds of selling at a favourable price point.
The downside of this platform is that you are fully responsible for marketing your coin and getting a suitable buyer, yet Coin World takes a small percentage of the sale as a commission.
As mentioned, although a smaller platform is easier to manage, it can also limit your exposure to potential buyers compared to a larger or more well-known platform.
APMEX is a popular precious metal exchange platform that promises to make buying and selling gold or silver coins easy. After all, they have bought more than 1 billion coins and counting!
All you have to do is sign up for a free account on APMEX, where you can keep track of your coins and even view other ones for sale.
New coin consignors often wonder: Is APMEX legit? The answer is a resounding YES! This online coin dealer has existed for over two decades and is a certified buyer of the U.S. Mint and other mints globally.
Their same-day payment arrangement ensures that once you send your coins for valuation, you can receive payment within a day or two. Expedited shipping and valuation ensure that your precious coins are always safe and put up for auction as soon as possible for suitable buyers.
eBay is one of the easiest places to sell coins online. All you have to do is follow the no-fuss, step-by-step sign-up process to set up an account and connect it to a PayPal account to receive payments.
The main advantage of using eBay to sell your coins online is the massive exposure to millions of collectors, which can increase the odds of selling your coins fast.
Unlike auction houses, online marketplaces like eBay let you set your own prices, and the best part is that, without commissions, you get to keep all the money from the sale of your coins.
The downside is that tens of thousands of sellers on eBay compete for the same audience, so you need to go the extra mile with your marketing efforts to gain visibility.
By following best practices for creating an eBay listing that converts, you can sell your coins online faster. Aim to build trust with your target clients by providing detailed and honest descriptions of your coins.
You can choose the Buy It Now or Auction options to sell your coins. The Buy It Now option allows you to list your coins indefinitely and set a fixed price for your buyers.
The Auction option is preferable as it lets you place a minimum bid price and allows potential buyers to bid for a set amount of time, after which you must sell the coin to the highest bidder.
5. Heritage Auctions
If you are looking for a tested and tried platform to sell coins online, Heritage Auctions is one of the most trusted options out there.
As a seller, you want to work with transparent people who are ready to answer all your questions, ensuring you get the best value for your coin.
Heritage has been around for a long time and boasts a professional, corporate team that’s well-versed in all aspects of coin grading, evaluation and auctioneering.
Their online auction platform is among the most visited websites, attracting more than 77,000 collectors daily. With this exposure, you are assured that your certified and valuable coin will sell fast at the best price.
One thing you must be aware of is the noticeably high fees charged not just to buyers but to sellers, too. In-house shipping fees can be a bit pricey, so that’s something to watch out for.
That said, the pros of selling your coins online with Heritage Auctions certainly outweigh the cons.
6. Stack’s Bowers
Stack’s Bowers prides itself on being the world’s oldest and most prominent rare coin auctioneers.
Established in 1993, Stack’s Bowers has auctioned some of the world’s most famous and valuable coin and currency collections. Examples include the Mark and Lottie Salton Collection, Thos. H. Law Collection, Wa She Wong Collection, and the Kroisos Collection, among others.
Stack’s Bowers facilitated the most expensive rare coin transaction sold at auction. The 1794 Flowing Hair
Silver Dollar, graded by the Professional Coin Grading Service and assigned a grade of MS66, was sold for over $10 million.
With such an impressive track record, you can be sure Stack’s Bowers will help you get the highest price for your valuable coins.
Unlike online coin-selling marketplaces, auction firms such as Stack’s Bowers take on the burden of marketing your coin (s) far and wide to find suitable collectors. Basically, all you want to do is sit back and wait for your money when your coin sells.
Aside from the online auction, you can also sell your coins directly to the auction house. A representative will visit you, evaluate your coins and offer you their best price.
The downside is that Stack’s Bowers deals with high-value coins with clients ranging from banks and museums to ultra-wealthy individuals. So, this firm may be a good fit if you think your consignment is rare and valuable.
7. David Lawrence
David Lawrence, also known as David Lawrence Rare and Certified Coins (DLRC), is another boutique auction firm. Founded in 1979, the company is run by a team of professionals who aid in evaluating and pricing your coins to get you the most money for collectables.
They hold weekly online actions, offering sellers three options for disposing of their coins: outright sale, consignment, and guaranteed auction program.
Through outright sale, they offer you your certified coin, and if you accept, they pay you immediately from their cash reserves.
The consignment option allows you to get more from your coins. You can let the auction house set sales prices for your coins or set them yourself with no reserve. By entrusting the firm with your coins, they promise to get them into auction in at least a week.
This online auction site seems transparent, especially given that they stick to their promise of no hidden selling fee. This, in turn, allows you to keep the most money for your coins.
The final selling option is through the guaranteed auction program (GAP), which lets you take advantage of a no-reserve auction with no risk. They offer a minimum price and guarantee that all your certified coins will sell.
Other perks offered at David Lawrence include no seller fee, quick payment after the auction, and free marketing to a national audience of buyers and collectors.
8. USA Coin Book
USA Coin Book is one of the biggest numismatic sites for sellers, buyers, and dealers.
Once you sign up on the website as a member, you can list as many coins as you want for free. This platform is a great alternative to eBay, which charges substantial listing and final value fees.
Aside from zero listing fees, you get to pay a super low final value fee of 2 per cent after your coin sells. That means your coins can stay on auction for as long as it takes until they sell, and USA Coin Book only gets their commission when you sell.
The user-friendly website allows you to keep track of and manage all your coins on a single platform. You can access the site from any device, which adds a layer of convenience. You will find it easy to put up your coins for sale, organize them, and even keep an eye on coin value to ensure you get the most money for your precious coins.
9. Goldberg Coins
Goldberg Coins is a reputable and well-known collectibles auction house in Los Angeles. You can submit your coins online, appraise and value them, and walk away with a good deal the same day.
The owners, Ira and Larry Goldberg will approve and help with grading the coins’ value themselves, without involving intermediaries. This means lower commissions and more money in your pocket. They also offer cash advances where necessary.
Goldberg Coins has a reputation for dealing with high-end sellers and buyers. This boutique auction house holds only a few auctions per year to ensure each seller’s coin collection is given personalized treatment. So, if you think your coin or collection is very valuable, were are talking $50,000 and above, this online auction house might be a good fit.
In addition to its full-color catalog, Goldberg Coin markets its auctions on major trader magazines and publications abroad and nationally, ensuring your collection finds a buyer quickly.
One of the best things about Goldberg Coins is that they travel to you to examine your coin collection, make a cash offer, and provide an auction estimate.
With numerous internet platforms, finding the best to sell coins online has never been easier.
With marketplaces like eBay and Coin World, you can list and sell your coins in as little as two days. If you prefer a formal auction house, the likes of Heritage Auction and Stack’s Bower are excellent choices.
Whichever platform you use to sell coins online, be sure to get an accurate grading of each coin before placing it for sale. Build trust with your clientele from the get-go to grow a successful coin business or hobby.