Home
Shooting on the beach It never really seems like “work” to me One of the many perks of the site, I have to admit is the traveling. If there is one thing I’m gonna appreciate is getting a few days here and there to escape the winter that is approaching too quickly here in Chicago!! Are there any little perks about your work that you enjoy?
As the price of gold rises many people start to consider they would like
to sell gold coins. They may have accumulated some gold coins over a
period of years and now the price of gold is higher might be looking to
make a profit.
Although it is not difficult to find someone to
buy gold, of course it is better to keep ones gold coins as it looks
very likely that gold will continue to rise as the dollar and economy
drops into a decline.
But ff you are keen to sell gold coins
either because you have a large stock of them or because you are
interested in trading or making a living selling gold coins, there are
two basic ways you can do so.
Gold Bullion Dealer
First
you can become a coin or bullion dealer. If you have a very large
quantity of gold coins this might be the way to go. It would, however,
require some considerable expertise in the subject of gold coins and
gold bullion. There is some investment in time and marketing and, if you
are selling on line, then a website and all that that entails. It can
also require a heavy investment up front in additional stock and, if you
are opening a shop, some expenses in setting up the shop. There is also
the question of licenses and or governmental approvals which may be
required in some countries. Also there are tax considerations to
consider. What sort of company will you have, private or public,
individual or a limited company.
Yes if you want to be a coin dealer, there are many things to take into account just to sell a few coins.
Sell Gold Coins Privately
An
alternative, if you have just a few coins or a one off sale, then you
can sell your coins either to another individual, by auction or to a
coin or bullion dealer. The individual will usually give you the best
price, usually the spot or just above. But it is harder to find an
individual who is willing to buy a simple gold coin. Auction is another
possibility. You can get a good price or a not so good price depending
on the current market and who is actually online bidding. The coin or
bullion dealer will give you the spot gold value of the coin(s) you are
selling less their margin as, of course, they want to make a profit
when they resell the coins.
Gold Coin Auctions
On
the auction option. This has been taken up by many people around the
globe, and a few have turned it into a business. If you enter the words
‘gold coins’ in the search field at eBay you will get something like 80
pages of gold coins for sale. The thing to look for here to find out
what gold coins sell is to look, not so much at the coins for sale as
the number of bids. Some coins will have heaps of bids and some very
few if any. Those that do not have many bids are not so popular and if
you have those sorts of coins you are not likely to sell then very well.
If you have the same sorts of coins that are attracting lots of bids
well you can be sure
you will get lots of bids too and a good price for
the coin.
To summarize, some pointers to look for here are:
What coins attract the most bids?
Who sells the most coins?
How do they promote and sell their coins?
As
this is an established field it is an excellent way to find out all the
ins and outs of selling coins. Being a public auction such information
is exposed and, whereas a bullion or coin dealer might be reluctant to
help you be a competitor in the business, here you can simply watch and
observe the various ways coin dealers on eBay and other auction houses
sell their coins.
Probably the biggest advantage is when you have
a track record and ideally, are a power seller. But all power sellers
were new once and everyone has to start somewhere. You may only wish to
sell a coin or two or you may be keen to start up a career selling
coins. Either way, provided you are honest and demonstrate this with
your eBay feedback, you will surely sell your gold coins to your and
your buyers satisfaction.
Should You Really Sell Your Gold Coins
Really
one should only sell gold cons when one needs to. Gold is still under
valued and has some way to go to hit the real price of gold and,
although, you are likely to find someone who will buy gold there is more
to be gained by keeping your gold coins and watching them increase in
value.
