How to Sell Coins Online: A Complete Guide (2024)

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Major auction firms report growing sales ofrare U.S. coins anddozens ofrecord prices, even ranging into seven figures. According totheProfessional Numismatists Guild (PNG) information, thecoin market isvery healthy.

Soifyou have coin selling onthebrain, there’s nobetter time totry it. And one ofthebest ways tofind buyers istosell your coins online. This opens your coin collection uptoalarger audience, andgives you thepotential toclose deals faster. Italso ensures that ifyou have rare coins, they goforafair market price.

Selling coins online iseasy, nowadays. You can use public auction platforms, knock oncertified online dealer’s doors, orlaunch your own online store andsell coins everywhere.

Flowing Hair dollar isthemost expensive coin ever sold. It’s worth $10,016,875. Brasher Doubloon ($7,400,000) and1933double eagle ($7,370,000) are therunner upandthethird place, respectively.

It’s interesting tonote that these coins are not particularly ancient. Most ofthetreasures sold atthese auctions fortop dollar weren’t minted intheera ofHomer, but rather from the16th to20th centuries. However, thetop 100chart ofthemost valuable coins ever sold (or bought) does show some showstopping dinosaurs, like Decadrachm, dated 409/6BC, sold for$2,918,000inOctober 2012.

Unfortunately, these coins weren’t found insomeone’s pocket. But that doesn’t mean coin selling isonly formuseums. Ifyou want tobeprofitable inselling coins online, focus onrare U.S. dimes, pennies, andquarters. They are easier tofind andsell.

eBay. It’s become anunofficial coin marketplace forthousands ofsellers from around theworld. Its auction and“Buy Now” features perfectly match thecoin seller’s needs fore-commerce benefits: broad audience, intuitive rules, small commission— what else doyou need?

Amazon. The Collectible Coins section isanexcellent alternative toeBay. The good thing isthat it’s become ahome not only forprivate sellers but forprimary dealers. Amazon has thelargest audience ofcustomers intheworld. Doyou need another reason tostart selling coins onAmazon?

Internet Auctions. Usually sponsored byleading off-line dealers, these online marketplaces can betough toget alisting on, andhave extensive deal completion procedures. Online currency auctions have alarge flow between sellers andproducts (coins), sowaiting for30days toget ontheir website isaverage. Plus, they charge large commissions foreach closed deal. However, these auctions have asterling reputation andoften attract thewealthiest andmost motivated buyers.

Some big platforms tostart with: Goldberg Coins, Heritage Auction Galleries, USA Coin Book, David Lawrence.

Your website. The platforms listed above can make great primary distribution channels, asthey have abuilt-in audience. But who said you have touse 3rd-party listings? Create your online store forcoin collecting maniacs, with exclusive deals andpromotions. With awebsite, you can collect emails torun engaging campaigns, advertise onGoogle andthrough social media, and, most importantly, keep all money foryourself (no commissions!). Another benefit isthat your website can besynced with eBay andAmazon, enabling you toautomatically improve your capacity forselling rare coins online.

Doing e-commerce byyourself can betiresome, especially ifyou don’t love thedirect selling process. Ifyou don’t want todistribute your coins personally, then delegating this labor toadealer might beyour best bet.

Pros ofselling coins toadealer

• It’s fast tofind one. Just open Coin World orNumismatic News andpick theone you like. Some ofthedealers have been advertising inthese magazines fordecades.
• It’s fast tosell. Online dealers take almost everything that can besold, whether it’s asingle coin orabox ofthem.

Cons ofselling coins toadealer

• Low profit foryou. Dealers are focused onmaximizing their profits. Knowing that they will domost ofthesearching andselling work foryou, they will keep 30-40percent oftheretail price forthemselves.
• Reputation lottery. While most ofthedealers are life-timers intheindustry, there’s still achance ofcoming across anunreputable company. Check out each potential dealer attheAmerican Numismatic Association ortheProfessional Numismatist Guild databases.

Let’s recap all we’ve learned sofar about selling coins online with this handy checklist:

1. Focus onAmerican (U.S.) rare coins. They are thehighest demand coins onthemarket.
2. Appraise your coins. This issobuyers will trust you, andpay thehighest price.
3. Get aPayPal account. Animportant tool toensure smooth payments.
4. Get listed onthemarket. Try out eBay, Amazon, andpublic auctions.
5. Make your website. Create ahome foryour fans andsell without commissions.
6. Invest ingood photos. High-quality images will help your buyers toexamine your treasures without having tosell in-person.
7. Write good descriptions. This will generate site traffic andpersuade collectors tobuy from you instead ofyour competitors.
8. Offer free shipping. One ofthebest purchase drivers out there. Think about adding thecost ofshipping tothecoin price andoffering toship forfree.
9. Bepatient. Selling treasures andrarities takes time because buyers need time tomake decisions. Coins sales are not made lightly, sobudget inalittle extra decision making time.

Selling coins online with Ecwid isfree. Our feature-loaded e-commerce shopping cart isagreat way tobuild your business andconnect with customers around theworld. Whether you're selling antique collections, hard-to-find currency, ormint condition pieces, Ecwid enables you toquickly andeasily set upandmanage your online coin store.

With Ecwid, your online coin shop will besmoothly integrated into your existing ornew website. You will also beable tocustomize your store’s look andfunctionality, manage all ofyour shipping andpayment options, connect with customers via social media, andlots more.

Set upanEcwid coin store onanyplatform

Whether you're selling coins asanew business venture, anextension ofyour brick-and-mortar store, orjust asahobby, Ecwid puts you incomplete control ofyour online coin store. Sign upforafree Ecwid account andyou can add your online store toyour website inaflash.

Ecwid doesn’t tie you toanyone platform. It’s ane-commerce widget that works with all primary website hosts: WordPress, Wix, Weebly, Squarespace, Joomla, GoDaddy, Tumblr, Blogger, andanyother CMS orplatform that allows you toembed new tools. Take your store with you toanysite builder.

Enterprise level speed andsecurity

Ecwid isaPCI DSS Level 1Certified Service Provider, ensuring all payment andtransaction data issecure. With Ecwid, security updates happen automatically. You don’t have toworry about that.

With thehelp ofEcwid's ultra-fast AJAX interface andmassive EC2servers, your customers will beable tobrowse through your entire inventory andquickly make purchases conveniently.

Mobile commerce 360forbuyers andsellers

The Ecwid Store Management mobile app isaconvenient, fast, reliable, andsecure business tool that allows you tofulfill orders, add products, manage inventory, andaccept payments on-the-go. You don’t even need adesktop tosell coins online.

All distribution channels inone place

Facebook, Instagram, Amazon, Google Shopping, Snapchat, Pinterest, eBay, andPOS— Ecwid helps you show off your products across theinternet.

When you sell coins online with Ecwid, you'll beable toselect from all-in-one payment solutions, popular payment gateways, andcustomized methods like bitcoin orcash ondelivery.

You also will beable toset upyour preferred shipping methods toensure that your coins get toyour customers safely andon-time.

Tohelp you expand your business tointernational coin collectors, Ecwid offers over 45automatic language translations foryour storefront, sonomatter where your customers are, they'll beable toshop from your store.

Connecting with potential buyers isincredibly important when you sell coins online, andEcwid makes iteasy foryou todevelop aloyal following andgain repeat customers. With Ecwid, you'll beable totrack customer data tooffer special deals andcoupons.

Ecwid also includes social sharing buttons soyour customers can share their favorite coins andrecent purchases with their friends andfollowers onTwitter, Pinterest, andFacebook.

Setting upanonline coin store through Facebook enables you tocapture millions ofpotential customers’ attention. Ecwid retailers who have aFacebook store drive nearly 15% oftheir total online sales through that social network alone. Facebook also offers auser-friendly platform, which has made thesocial network atop choice forselling coins online (even fortheun-tech-savvy among us).

Setting upaFacebook store requires just afew steps

1. Sign Uptoday tobegin building your online store.
2. Add products toyour store.
3. Connect theFacebook app using your Ecwid control panel.
4. Edit your Facebook settings toenable sales onyour page.
5. Inless than 5minutes, you’re ready tosell coins online with your new Facebook store.

With Ecwid online coin store, you'll watch your business grow inways you never thought possible.

Ecwid provides aneasy-to-navigate online portal, on-the-go apps, andapowerful tracking feature that centralizes all sales andallows you tosell everywhere atonce. Itcan even track your inventory inreal-time, send new purchase notifications, store vital customer information, automatically calculate taxes, estimate shipping fees, andmore.

Become anEcwid merchant today andstart selling from asingle website! Sign uptobuild afree online store with Ecwid. Or, add Ecwid's shopping cart plug-in toyour new website, anyexisting sites, social media channels, mobile-optimized pages, andanyofyour other domains toinstantly become anonline selling machine.

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