With the advent of the internet, online coin dealers have become much more prevalent, resulting in an explosion of individuals selling coins online. This has also created a bit of a problem for sellers of coins, as there are a number of online coin dealers, some of which are less reputable than others. Merely having a flashy website isn't sufficient when attempting to locate an online coin dealer. Due diligence should be taken when selling coins online to ensure that you've selected the right coin buyer. In this article, we'll help you to identify some traits and characteristics that should be confirmed prior to selling your coins to an online dealer.
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.
A mere affiliation with the Better Business Bureau isn't sufficient. You should also determine how long the coin dealer has been a member of this organization, as there are many fly-by-night online coin dealers conducting business. You don't want to be the victim of a dealer that is here today, gone tomorrow. One way to protect yourself is to only sell coins online to a dealer that has been in business for at least a year. This is typically sufficient time to see a coin dealer's track record and to determine if there have been previous issues that may raise a red flag.
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.
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.
A mere affiliation with the Better Business Bureau isn't sufficient. You should also determine how long the coin dealer has been a member of this organization, as there are many fly-by-night online coin dealers conducting business. You don't want to be the victim of a dealer that is here today, gone tomorrow. One way to protect yourself is to only sell coins online to a dealer that has been in business for at least a year. This is typically sufficient time to see a coin dealer's track record and to determine if there have been previous issues that may raise a red flag.
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.
About the Author:
Selling coins online just got easier with Atlanta Gold and Coin Buyers, a highly reputable online coin buyer and a member of the BBB. Sell coins online to one of the industry's leading online coin dealers.
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