Unlocking Value: Your Guide to Cashing In Old Coins
Have old coins and want to turn them into cash? Knowing where to sell old coins is crucial for getting the best value. This straightforward guide presents the top 7 avenues in the UK for 2025, designed to help everyone from experienced numismatists to casual finders. We directly address the challenge of finding reliable outlets, providing you with effective options to navigate the market and secure a fair price for your numismatic treasures. Discover the best places to sell your collection.
1. Cavalier Coins Ltd
When considering where to sell old coins, particularly if you possess rare, unusual, or investment-grade pieces, Cavalier Coins Ltd presents a compelling option for UK-based collectors and organisations. As a premier online retailer, they have carved a niche in sourcing and offering an extensive array of numismatic treasures to a worldwide clientele. While their platform primarily showcases items for purchase, their operational model inherently provides several avenues for individuals and groups looking to monetise their collections, making them a noteworthy destination for sellers.
Cavalier Coins Ltd stands out in the crowded market of coin dealers due to its clear focus on quality and collectability. Their curated collections, ranging from vintage UK pennies and half crowns to commemorative Euro and dollar coins, and even assorted mixed world coins, indicate a deep understanding of the numismatic landscape. This expertise is crucial for sellers, as it suggests a capacity for accurate valuation and an established network of eager buyers. If you're looking for where to sell old coins that are more than just face value, their specialisation in "rare, unusual, and investment-worthy collectibles" means they are actively seeking such items.
Practical Applications for Sellers:
For individuals wondering where to sell old coins, Cavalier Coins Ltd offers a few potential pathways, depending on the nature and volume of your collection:
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Direct Sale of Collections: The company's statement that "bulk buyers enjoy discounted pricing with direct purchases" implies that Cavalier Coins itself is a significant buyer of collections. If you have a substantial accumulation of coins, particularly those fitting their advertised specialities (vintage UK, commemorative, rare world coins), approaching them for a direct sale could be a viable option. This is particularly attractive for those who prefer a straightforward transaction rather than navigating individual sales or auctions. They are likely interested in acquiring inventory to support their "extensive and diverse selection." This makes them a practical choice if you're aiming to sell a large volume of curated or specific types of old coins in the UK.
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Utilising their eBay Auction Platform: Cavalier Coins hosts weekly eBay auctions featuring "highly sought-after and limited-availability items." For sellers with particularly rare or unique pieces, this provides an opportunity to reach a global audience of active bidders. By leveraging Cavalier Coins' established eBay presence and reputation, your high-value items could achieve competitive prices. While the description doesn't explicitly detail their consignment terms for these auctions, specialist dealers often manage such sales on behalf of collectors for a commission, providing expertise in listing, marketing, and fulfilment. This route can be especially beneficial if you're unsure how to maximise value for a standout piece and want to tap into a market of keen numismatists and notaphilists.
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Charitable Fundraising: A unique and commendable aspect is their direct support for charities. Cavalier Coins enables charities to "sell bulk collections to raise funds through donated coins and notes." This provides a streamlined and effective way for non-profit organisations to convert numismatic donations into much-needed financial resources. For charities in the UK searching for where to sell old coins received as donations, this is a clear and beneficial service, potentially simplifying what could otherwise be a complex undertaking.
Why Cavalier Coins Ltd Deserves a Spot on This List for Sellers:
- Targeted Audience for Niche Items: By specialising in rare, unusual, and themed coins and banknotes, they attract serious numismatists and notaphilists. Selling to or through them means your specific coins are presented to an audience already interested in such items, potentially leading to better sale outcomes than general marketplaces or local dealers who may not have the same specialised clientele.
- Expertise and Potential for Fair Valuation: Their focus on "investment-worthy collectibles" suggests an inherent understanding of market values and grading. While seeking an independent valuation for extremely high-value items is always prudent, their established expertise can be an asset in achieving a fair price, especially for items that require specialist knowledge.
- Significant Market Reach: Their established online presence and weekly eBay auctions offer access to a global customer base. This is a considerable advantage over local options, particularly when selling items that have international appeal or are highly sought after by a niche group of collectors worldwide.
- Convenience for Bulk Sellers and Charities: The explicit option for direct purchase of bulk lots and the dedicated service for charities significantly simplify the selling process for these specific groups, making it an efficient way to monetise collections.
Before deciding where to sell old coins, it's always beneficial to understand the market and the nature of your items. For further insights into what makes a coin collectible, which can inform your selling strategy and help you manage expectations, you might find it helpful to Learn more about Cavalier Coins Ltd and their advice on numismatics.
Potential Considerations (Pros & Cons for Sellers):
Pros:
- Specialised Market Access: An excellent avenue if you're selling rare, unusual, or themed coins and banknotes, connecting you directly with a dedicated collector base.
- eBay Auction Reach: Their weekly auctions provide a significant platform for potentially high returns on sought-after items, managed by an established name in the numismatic community.
- Bulk Purchase Option: Offers a straightforward way to sell larger collections directly, particularly beneficial for resellers, those liquidating an estate, or individuals with significant holdings.
- Dedicated Charity Support: A clear and direct avenue for charities to convert donated currency (coins and notes) into operational funds.
- Strong Customer Support: Their reputation for responsive service via email and active social media engagement can facilitate smoother communication and transactions for sellers during the valuation and sale process.
- Accessible for Various Seller Types: Caters to expert numismatists, new collectors looking to sell inherited items, charities, resellers, and dealers.
Cons:
- Selectivity for General Collections: Given their focus on "rare, unusual, and investment-worthy" items, they may not be the primary outlet for very common, low-value circulated coins unless they form part of a larger, more interesting collection or are of a specific type they are currently sourcing.
- Auction Unpredictability and Exclusivity: While auctions can drive prices up, there's no guaranteed sale price for items consigned. Furthermore, some highly sought-after items might be exclusively channelled through their auctions, limiting direct sale options for those specific pieces.
- Primarily Online Platform: As an online-focused business, selling to them will almost certainly involve shipping your coins. This requires careful, secure packaging and insured postage for valuable items, which can be a concern for some sellers compared to an in-person transaction at a physical shop.
- Selling Process Clarity: The provided company description heavily emphasizes the buying aspect of their business. Prospective sellers will need to proactively contact Cavalier Coins via their listed email or social channels to fully understand the specifics of their selling/consignment process, what types of coins and banknotes they are currently looking to acquire, and any associated terms.
Implementation Tips for Sellers:
If you believe your old coins or banknotes align with Cavalier Coins Ltd's specialities, the recommended first step is to make contact. Prepare a detailed inventory of your collection, noting any key pieces, their condition, and any provenance if known. Clear photographs are highly beneficial, especially for rare or high-value items. Reach out via their dedicated email or social media channels to inquire about their process for evaluating collections for purchase or consignment. Be ready to discuss the types of items you have and ascertain their current interest levels and any specific requirements or terms for sellers.
In conclusion, for those in the UK with specific types of numismatic holdings—particularly rare, themed, investment-grade, or bulk collections of coins and banknotes—Cavalier Coins Ltd offers a specialized and potentially lucrative answer to the question of where to sell old coins. Their established online presence, popular auction platform, direct purchasing capabilities, and notable support for charities make them a strong contender in the UK market for monetising numismatic assets.
Website: https://www.cavaliercoins.com
2. eBay
When considering where to sell old coins, eBay inevitably springs to mind for most people, and for good reason. It stands as the world's largest online marketplace, offering unparalleled reach to potential buyers. Whether you're looking to offload a few inherited pieces or manage a substantial numismatic inventory, eBay provides a dynamic platform with both auction-style and fixed-price ("Buy It Now") listing options, catering to a wide spectrum of sellers and coin types, from common circulated currency to rare, high-value collectibles.
eBay's sheer scale is its primary advantage. With millions of active buyers logging in from across the globe, including a significant contingent in the UK, your old coins gain exposure that local dealers or smaller auction sites simply cannot match. This vast audience increases the likelihood of finding not just a buyer, but potentially multiple interested parties, which can drive up prices, especially for sought-after items. This makes eBay a compelling choice for those wondering where to sell old coins to achieve broad market access.
Practical Applications and Use Cases:
eBay's versatility makes it suitable for a diverse range of sellers:
- New Collectors & Casual Sellers: If you've inherited a coin collection or are looking to sell duplicates, eBay offers a relatively straightforward entry point. You can research similar sold listings to gauge prices and list common coins without needing deep numismatic knowledge, although accuracy in description is always crucial.
- Expert Numismatists & Dealers: For seasoned collectors and professional dealers, eBay is a powerful tool. It provides a global shop window to reach specialist buyers for rare and high-value coins. The auction format can be particularly effective for unique items where establishing a fixed price is difficult, allowing the market to determine its value. Dealers also use eBay to source inventory, finding collections or individual pieces from sellers worldwide.
- Charities and Non-Profits: Organisations receiving donations of old coins or banknotes can leverage eBay to convert these assets into funds, reaching a wider audience than traditional fundraising methods might allow for such specific items.
- Resellers and Bulk Purchasers: While listing individual common coins can be time-consuming, resellers can source bulk lots or entire collections on eBay, often benefiting from the wide variety of offerings.
Getting Started and Key Features Explained:
Setting up as a seller on eBay is relatively straightforward. You'll need an account, and to receive payments, you'll link your bank account to eBay's Managed Payments system. The platform's true power for coin sellers lies in its specific features:
- Auction and "Buy It Now" Formats: The auction format (typically 7 or 10 days) can create excitement and potentially higher prices for desirable coins. You can set a starting bid and, optionally, a reserve price (though reserve prices incur extra fees and can deter bidders). The "Buy It Now" option allows you to set a fixed price, suitable for items where you have a clear idea of value or for sellers who prefer a quicker, more predictable sale. You can also add a "Best Offer" option to fixed-price listings, allowing negotiation.
- Detailed Listing Templates for Coins: When you list a coin, eBay offers specific fields to detail its attributes: denomination, year, country, mint mark, composition, grade (if professionally graded), and more. Using these fields, along with a comprehensive written description, helps buyers find your coins through eBay's advanced search filters.
- Global Marketplace Reach: As a UK seller, eBay.co.uk automatically makes your listings visible to UK buyers, but with appropriate international postage options, you can easily tap into the lucrative US, European, and Asian coin markets.
- Seller Protection Programs: eBay offers certain protections against fraudulent buyers or unfair claims, such as non-payment or false "item not as described" assertions. While not foolproof, these programs provide a degree of security, provided you follow eBay's guidelines (e.g., using tracked postage for valuable items).
- Advanced Search Filters for Buyers: Buyers can search by keyword, era, origin, condition, certification, and more. This means that if you list your coin accurately and comprehensively, the right collectors are more likely to find it.
- Photography and Descriptions are Crucial: Success on eBay, especially for coins, hinges on high-quality photographs. Clear, well-lit images of both the obverse and reverse, plus close-ups of any key features, damage, or mint marks, are essential. Honesty in your description is paramount. Detail any wear, scratches, cleaning, or other imperfections. If the coin is professionally graded and slabbed, show clear images of the slab and certification number.
- Research and Pricing: Before listing, research completed sales of similar coins on eBay to get a realistic idea of current market value. This helps in setting a competitive starting bid or "Buy It Now" price.
- Postage (UK Focus): For UK sellers, Royal Mail offers various services. For lower-value coins, "Signed For" can suffice. For more valuable items (typically over £50-£100), "Special Delivery" is highly recommended as it provides adequate insurance coverage and guaranteed tracking. Clearly state your postage costs and methods.
The Cost of Selling on eBay:
While eBay offers incredible reach, it comes at a cost. Sellers can typically expect total fees to be in the region of 10-15% of the final sale price (including postage). These fees are primarily composed of:
- Final Value Fee: This is the largest component, calculated as a percentage of the total amount the buyer pays, including the item price and postage. For coins on eBay.co.uk, this is often around 12.8% plus a fixed £0.30 per order (this can vary, so always check current eBay fee structures).
- Insertion Fees: You usually get a number of free listings per month, after which a small fee per listing may apply.
- Optional Listing Upgrade Fees: Fees for features like reserve prices, bold titles, subtitles, or gallery plus.
Pros:
- Massive Buyer Audience: Unmatched global reach significantly increases chances of a sale.
- Flexible Pricing Options: Auction, Buy It Now, and Best Offer cater to different strategies.
- Strong Buyer Protection Builds Trust: Buyers feel more confident, which can benefit sellers.
- Detailed Analytics and Selling Tools: Track views, watchers, and sales performance to refine your strategy.
Cons:
- Significant Fees: The 10-15% commission can eat into profits considerably.
- High Competition: Your listings are among thousands; standing out requires effort.
- Risk of Returns and Disputes: eBay's policies often favour the buyer; meticulous listings and good service are key to minimising issues.
- Time-Intensive Listing Process: Photographing, researching, and describing each coin individually can be laborious, especially for large collections of lower-value items.
Comparison with Alternatives:
Compared to selling to a local coin dealer, eBay typically yields higher prices but involves more effort and fees. Specialist numismatic auction houses might achieve top prices for very rare items but have their own commission structures (often including a buyer's premium which can indirectly affect the hammer price a seller receives) and less seller control.
In conclusion, eBay remains a dominant force and a highly viable answer to "where to sell old coins" for many individuals and businesses. Its vast audience and flexible selling tools offer significant advantages, particularly for those willing to invest the time in creating high-quality listings and navigating the platform's fee structure.
Website: https://www.ebay.co.uk (for UK users) or https://www.ebay.com
3. Heritage Auctions
When you're researching where to sell old coins, especially if you possess pieces of significant rarity and high value, Heritage Auctions (HA) stands out as a global leader. As the world's largest collectibles auction house, their specialisation in rare coins, currency, and precious metals makes them a prime venue for sellers aiming to reach a discerning international market. If your collection includes key date rarities, high-grade certified specimens, or historically important coins, HA offers the expertise and audience to potentially achieve exceptional results. They have earned their place on this list by consistently delivering strong prices and providing a trusted platform for serious numismatic transactions, a vital service for UK sellers looking to connect with top-tier global buyers.
Key Features & Seller Benefits:
Heritage Auctions provides a comprehensive suite of services designed to maximise the value of your numismatic treasures:
- Professional Coin Authentication and Grading Focus: Heritage champions the importance of independent, third-party grading by services like Numismatic Guaranty Company (NGC) and Professional Coin Grading Service (PCGS). While they don't grade in-house, they work extensively with certified coins and can facilitate grading for significant consignments. For UK sellers, this emphasis on universally recognised certification adds substantial credibility, broadens appeal, and often translates directly into higher bids from confident buyers.
- Expert Cataloging and Photography: Your coins aren't just listed; they're showcased. Heritage’s numismatic specialists conduct thorough research to produce detailed, accurate descriptions, highlighting each coin's unique attributes, history, and rarity. This is paired with high-resolution, professional photography that captures the essence of each piece. These compelling presentations are vital for their widely distributed print catalogues and their dynamic online auction platform, ensuring your coins are seen by motivated buyers worldwide.
- Live and Online Auction Formats: Heritage leverages both prestigious live "Signature® Auctions"—often held at major numismatic events—and a robust online bidding system. This hybrid approach grants UK sellers access to a global amphitheatre of bidders, from those attending live to thousands participating online in real-time. Regular online-only auctions also cater to a wide spectrum of collectible coins.
- Detailed Provenance Documentation: For coins with a distinguished ownership history (provenance), Heritage’s experts meticulously research and present this lineage. A strong provenance can dramatically increase a coin's allure and market value, particularly for historically significant items.
- Access to Serious Collectors and Investors: This is a cornerstone of Heritage's value proposition. They have cultivated an extensive global network of affluent collectors, dedicated numismatists, specialist dealers, and institutional investors. Selling through HA means your coins are put before an audience with both the expertise to appreciate them and the financial capacity to acquire them at premium market levels.
Who Should Consider Heritage Auctions?
This platform is particularly well-suited for:
- Expert Numismatists and Serious Collectors: Ideal for selling flagship pieces, unique varieties, or entire high-quality collections where achieving top market value is paramount.
- Inheritors of Significant Collections: For those in the UK who've inherited valuable coin collections, HA offers a professional, transparent, and often highly rewarding way to liquidate these assets.
- Numismatic Investors: When it's time to realise gains on numismatic investments, Heritage's competitive auction environment provides a strong avenue.
- Charities: UK charities receiving donations of valuable coins can utilise HA to convert these assets into maximum funds for their causes.
It's important to note that due to their focus on high-value items, Heritage may not be the optimal choice for selling common, circulated coins or collections of modest overall worth.
The Consignment Journey with Heritage:
For UK sellers, engaging with Heritage Auctions typically follows these steps:
- Initial Inquiry: Contact HA via their website (https://www.ha.com) with details of your coins. They have international representatives, which can facilitate engagement for UK consignors.
- Evaluation & Consignment Agreement: If your items meet HA's criteria, you'll receive a consignment proposal outlining terms, fees, and potential auction estimates.
- Secure Shipping: Heritage provides guidance for securely shipping valuable coins from the UK to their auction facilities (primarily in the US). Items are insured upon receipt.
- Grading Facilitation: If your coins are not already professionally graded, HA can assist in submitting them to NGC or PCGS.
- Cataloging & Marketing: Your coins are professionally photographed, described, and extensively marketed to HA’s global client base.
- Auction & Settlement: You can follow the auction proceedings online. Post-auction, after buyer payment, Heritage deducts their commission and any agreed fees, then remits the net proceeds to you (which may involve USD to GBP conversion for UK sellers).
Understanding the Costs and Commitments:
- Consignment Fees: Expect seller's commissions in the range of 15% to 25% of the hammer price. While substantial, this fee reflects the extensive services, marketing reach, and access to top buyers, which can lead to higher overall net returns on premium items. The exact rate can sometimes be negotiated for exceptionally valuable consignments.
- Selectivity and Minimum Values: Heritage maintains a selective acceptance policy, focusing on coins and collections that meet certain minimum value thresholds. It's best to discuss this directly with them for current requirements.
- Selling Timeline: The journey from consignment to payment can span several months, accommodating evaluation, potential grading, catalog production, pre-auction marketing, and post-sale processing. This is not a quick-sale option.
Why Heritage Outshines Other Options for Top-Tier Coins:
For truly valuable and rare numismatic pieces, Heritage offers distinct advantages over local UK dealers or general online marketplaces. While a local dealer offers speed, their purchase price will be wholesale. Platforms like eBay have lower fees but lack the curated expert audience, robust authentication assurances, and professional presentation necessary to achieve premium prices for high-end coins. This distinction is crucial when deciding where to sell old coins of significant worth. Heritage is a venue where record prices are frequently achieved, making it a compelling choice for the right material. To explore further, you can Learn more about Heritage Auctions and how they position within the broader auction landscape.
Key Pros & Cons:
Pros:
- Maximises potential for top prices on rare/valuable coins.
- Professional authentication/grading emphasis builds crucial buyer trust.
- World-class marketing, cataloging, and photography.
- Unrivalled reputation and trust in the global numismatic sphere.
- Direct access to a vast network of serious, high-net-worth buyers.
Cons:
- Significant consignment fees (15-25%).
- Highly selective regarding coin acceptance.
- Extended selling timeline.
- Minimum consignment value requirements.
For UK sellers with exceptional coins, Heritage Auctions offers a premier, globally-recognised pathway to market, justifying its reputation as a powerhouse in numismatic auctions.
Website: https://www.ha.com
4. APMEX
For those in the UK considering where to sell old coins, particularly when the collection consists primarily of gold, silver, platinum, or palladium items, APMEX (American Precious Metals Exchange) stands out as a major international player. While US-based, its sheer scale and reputation make it a noteworthy option for sellers worldwide, including those in the UK, especially when dealing with bullion or coins where the intrinsic metal value is the primary driver of their worth. APMEX is one of the largest precious metals dealers in the United States, offering a streamlined process for individuals and institutions looking to liquidate their precious metal holdings.
Why APMEX Deserves Its Place for UK Sellers
APMEX has earned its spot on this list due to its significant presence in the global precious metals market, offering a transparent and often rapid way to sell bullion coins (like Krugerrands, Maples, Eagles), rounds, and bars. If you've inherited a collection, or are a reseller with bulk precious metal items, and your priority is a quick, secure transaction based on current market rates for the metal itself, APMEX provides a robust platform. Their strong reputation, underscored by a BBB A+ rating, offers a degree of confidence, which is crucial when entrusting valuable items, potentially for international shipment.
Practical Applications and Use Cases
APMEX caters to a range of sellers:
- Individuals with Bullion Holdings: If you have gold sovereigns, silver Britannias, or other globally recognised bullion coins, APMEX offers a straightforward way to convert these into cash based on prevailing metal prices. This is particularly useful if you're less concerned with minor numismatic premiums and more focused on the metal's spot value.
- Inheritors of Collections: For those who've received coins and are unsure of their specific numismatic value but know they are made of precious metals, APMEX can provide a relatively quick valuation and sale based on weight and purity.
- Resellers and Bulk Sellers: Businesses or individuals looking to offload larger quantities of common-date precious metal coins or bars can find APMEX's capacity and systematic approach beneficial.
- Charities and Non-profits: Organisations that have received donations of gold or silver coins can use APMEX to efficiently convert these assets into funds.
- Collectors Divesting Bullion: Even seasoned numismatists might use APMEX to sell duplicate bullion items or pieces where the collectible value doesn't significantly exceed the melt value, freeing up capital for other acquisitions.
The Selling Process to APMEX from the UK: What to Expect
While specific steps for UK sellers should always be confirmed directly with APMEX, the general process for selling to a large dealer like them typically involves:
- Inventory & Initial Quote: You'll start by identifying the coins you wish to sell – their metal type (gold, silver, etc.), weight, purity, and quantity. APMEX offers instant online price quotes for many common items, based on real-time precious metals pricing. This gives you an immediate idea of potential returns.
- Locking in a Price: Once you agree to a price, APMEX will typically "lock it in." Precious metal prices fluctuate, so this step is crucial. There's usually a short window to ship your items once a price is locked.
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Shipping Your Coins: This is a critical step for UK sellers.
- Packaging: Securely package your coins to prevent damage during transit.
- Shipping & Insurance: You will be responsible for shipping your items to APMEX's secure facility in the US. Use a reputable, trackable, and fully insured shipping service. Costs for international shipping and insurance will be borne by you and should be factored into your decision. APMEX's "Free shipping on qualifying orders" feature is typically for purchases from them or for US-based sellers to them; always clarify if any shipping reimbursement is available for international sellers.
- Customs: Be aware of UK export regulations and US import requirements for precious metals. You may need to complete customs declarations.
- Verification and Authentication: Upon receipt, APMEX’s professionals will inspect and authenticate your coins to ensure they match the agreed-upon description and are genuine. Their professional coin authentication services are integral to this process.
- Payment: Once verified, payment is processed quickly. APMEX touts fast payment processing, often within 24-48 hours of verification. For UK sellers, payment would likely be made via bank transfer and would be subject to currency conversion from USD to GBP, potentially incurring bank fees.
Key Features & Benefits for Sellers
- Instant Online Price Quotes & Real-Time Pricing: Provides transparency and allows you to gauge potential returns based on live market data before committing.
- Competitive Pricing for Precious Metals: Due to their high volume, APMEX can offer prices that are closely aligned with the spot market for bullion items.
- Fast Payment Processing: Their claim of 24-48 hour payment after verification is a significant advantage for those seeking quick liquidity.
- Strong Reputation: An A+ BBB rating and years in the business provide a level of trust and reliability.
- Professional Coin Authentication: Ensures fair evaluation based on the genuineness and specifications of your metals.
- Secure Storage Options: While you're looking to sell, it's worth noting they also offer secure storage, reflecting their comprehensive involvement in the precious metals industry.
Pros:
- Quick and reliable transactions: Ideal for sellers prioritising speed and efficiency.
- Competitive pricing for precious metals content: You're likely to get a fair market value for the actual gold, silver, platinum, or palladium in your coins.
- Fast payment processing (24-48 hours): A standout feature for rapid access to funds.
- Strong reputation and BBB A+ rating: Offers peace of mind, especially crucial for international transactions.
Cons:
- Primarily focused on precious metals content: If your old coins are valuable due to rarity, historical significance, or condition (numismatic value) rather than their metal, APMEX is unlikely to offer the best price. Their expertise is bullion.
- Lower prices for numismatic value / Limited interest in rare collectible coins: They are not specialist numismatic dealers for rare items. You'd fare better with an auction house or a specialist coin dealer for such pieces.
- Pricing based on melt value rather than collectibility: This is their model. Don't expect significant premiums over spot price, even for older bullion coins, unless they are specific, sought-after bullion rarities they deal in.
- US-Based Operations: For UK sellers, this means international shipping costs, potential customs procedures, and currency conversion on payment, which need to be factored into the net return.
Is APMEX the Right Choice for Your Old Coins?
APMEX is an excellent platform if you're in the UK and looking where to sell old coins that are primarily valued for their precious metal content. If you have a significant quantity of bullion coins, gold sovereigns, silver bars, or even scrap gold/silver jewellery that can be easily valued by weight and purity, APMEX offers a transparent, secure, and relatively fast liquidation option. However, for rare, collectible, or graded numismatic coins where the value lies far beyond the metal, exploring specialist UK-based dealers or auction houses would be more appropriate. Always weigh the convenience and speed of APMEX against the potential complexities and costs of international selling from the UK.
Website: https://www.apmex.com
5. Coin Shops and Local Dealers
When considering where to sell old coins, the traditional route of visiting coin shops and local dealers remains a highly practical and often preferred option for many collectors and inheritors of numismatic items in the UK. These established businesses offer the distinct advantage of face-to-face transactions, providing immediate appraisals and, frequently, instant cash payments. For those who value personal interaction and swift resolution, local dealers can be an invaluable resource, whether you're selling a single rare piece or a more common collection.
Local coin shops are typically run by numismatists with years, sometimes decades, of experience. This expertise is crucial when you're trying to understand the true value of your holdings. They serve as a direct touchpoint in the coin-selling process, eliminating the impersonal nature of online sales and the potential anxieties associated with shipping valuable items. Whether you have inherited a tin of old British pennies and shillings, discovered a valuable sovereign, or are an expert numismatist looking to refine your collection, a local dealer can provide immediate feedback. The process usually involves a direct examination of your coins, where the dealer will assess their condition, rarity, metal content, and current market demand. This hands-on evaluation is particularly beneficial for new collectors who might not be fully aware of what they possess, or for those handling potentially delicate or high-value ancient coins.
The appeal of coin shops and local dealers lies in a unique combination of features:
- Immediate Cash Payment: Unlike online auctions or consignment sales that can involve lengthy waiting periods for payment, most local dealers can offer and provide cash (or a bank transfer if preferred for larger sums) on the spot once a price is agreed. This is ideal if you need funds quickly or simply prefer the certainty of an immediate sale.
- Face-to-Face Evaluation and Negotiation: This is perhaps the most significant advantage. You can observe the appraisal process, ask questions directly, and discuss the valuation. This transparency allows for a degree of negotiation, building trust and ensuring you understand how the offer was derived. For instance, a dealer can physically show you wear marks, specific mint marks, or subtle features that affect a coin's grade and value.
- Local Reputation and Relationships: Many dealers rely on their local standing and repeat business. A reputable dealer in your community is invested in maintaining fair practices. Over time, collectors can build strong relationships with dealers, leading to better advice, preferential treatment, and a trusted outlet when deciding where to sell old coins.
- Expert Numismatic Knowledge: Reputable dealers possess deep knowledge across various numismatic areas, from ancient Roman coins to modern commemorative issues, including specific expertise in UK coinage like hammered coins, Maundy money, or pre-decimal currency. This expertise ensures your coins are accurately identified and valued. Learn more about Coin Shops and Local Dealers and how their knowledge can benefit you when assessing your collection.
- No Shipping or Online Fees: Selling locally eliminates the costs and risks associated with posting valuable coins, such as insurance, packaging, and postage. Furthermore, you avoid marketplace commissions or payment processing fees that can significantly eat into your profits from online sales, especially for mid-to-lower value items.
The benefits of choosing a local coin shop are compelling for various sellers:
- Instant Payment and Transaction Completion: The speed and finality are major draws. You walk in with coins and can walk out with payment, the transaction fully concluded, offering peace of mind.
- Personal Relationships and Trust: Dealing with the same expert over time can be reassuring. This is particularly valuable for ongoing collectors (numismatists and notaphilists alike) who may buy and sell regularly.
- Expert Evaluation and Advice: Beyond just a price, good dealers often offer insights into your coins' history and market position. This can be an educational experience, especially for those new to numismatics or for charities and non-profits wanting to understand the significance of donated currency.
- No Online Fees or Shipping Costs: This directly translates to a higher net return on lower-value items where fees would disproportionately impact the final amount received. It also removes the hassle and risk of items being lost or damaged in transit.
However, there are potential downsides to consider when selling to coin shops:
- Limited Inventory Space Affects Buying Capacity: A physical shop has finite display space and capital. A dealer might not be purchasing certain types of coins at a particular time if they are overstocked, or they might be more selective about condition or specific issues. It's often a good idea to call ahead if you have a large or unusual collection.
- Potentially Lower Offers than Online Markets: Dealers have overheads – rent, staff, security, insurance – and need to make a profit when they resell the coins, often to other collectors or at auctions. This means their offer will likely be below the full retail market value. For particularly rare or high-demand items, a private sale to a top collector or via a specialist auction might yield more, but will involve more time and potential fees.
- Geographic Limitations: Your choice of dealers is limited to those within your accessible area. This might be a significant constraint if you live in a rural part of the UK with few specialist shops.
- Varying Levels of Expertise Between Dealers: Not all dealers are created equal. Some may specialise in specific areas (e.g., British milled coins) and have less comprehensive knowledge in others (e.g., ancient Greek or Roman coins, or world banknotes). Researching dealers, checking for membership in bodies like the British Numismatic Trade Association (BNTA), and looking at reviews can help identify truly knowledgeable professionals.
Practical Applications and Implementation Tips:
Coin shops cater to a wide range of individuals. New collectors often find them invaluable for initial valuations, selling duplicate items, or simply learning more about the hobby. Expert numismatists might use local dealers for quick, hassle-free sales of well-understood items or when a dealer has a known specialism. Charities and non-profits receiving donations of old coins or banknotes can benefit from the straightforward conversion to immediately usable funds. Even resellers and bulk purchasers might find dealers willing to buy common circulated coins by weight or at an agreed-upon bulk rate, providing an outlet for lower-value inventory.
To make the most of selling to a local coin shop:
- Do Some Basic Research: Try to identify your coins roughly (country, denomination, year).
- Organise Your Coins: Presenting your coins in an organised manner is helpful, but critically, do not clean your coins, as this almost always reduces their numismatic value.
- Visit in Person: Take your coins directly to the shop for an accurate appraisal.
- Manage Expectations: Understand that dealers buy at wholesale prices.
- Ask Questions: A reputable dealer should explain their valuation.
- Get Multiple Quotes: For items of significant value, visiting more than one dealer, if feasible, is prudent.
Ultimately, coin shops and local dealers offer a reliable and straightforward answer to the question of where to sell old coins, especially for those prioritising convenience, immediate payment, and personal service. While online platforms and auctions have their place, the tangible benefits of a local expert should not be underestimated. For further insights into the coin dealing world, the information available from organisations and directories such as the one found at https://www.coindealer.org
can be a helpful resource, always best used in conjunction with UK-specific associations like the BNTA for local expertise.
6. VCoins
For UK numismatists and coin businesses deciding where to sell old coins of significant value, VCoins stands out as a premier, specialized online marketplace. This exclusive hub for coins, currency, and related numismatic items connects serious collectors with vetted professional dealers worldwide. VCoins is lauded for its commitment to authenticated, quality material, educational resources, and a strong collector-focused community.
VCoins distinguishes itself by catering to the advanced segment of the coin market. It’s not the primary choice for common, circulated coins, but for those holding rare, ancient, or high-grade numismatic items, it offers an unparalleled platform. Its rigorous dealer vetting process builds immense buyer trust, which can translate into better realised prices for quality material. For UK sellers, this means direct access to a global pool of dedicated collectors actively seeking specific pieces, a key advantage over purely local or general online selling options. The platform operates as a network of individual dealer storefronts, allowing sellers to cultivate their brand within a respected numismatic environment.
Key Features and Benefits for Sellers:
VCoins offers distinct advantages for sellers of quality numismatic items, making it a strong contender for where to sell old coins:
- Verified Dealer Network: Selling directly on VCoins requires approved dealer status. This typically demands years of experience as a full-time professional numismatist, membership in major numismatic bodies (such as the British Numismatic Trade Association - BNTA - for UK dealers), an existing e-commerce presence, and adherence to strict ethical codes. This high bar for entry ensures that all dealers on the platform are credible, which in turn enhances the perceived value and trustworthiness of your listings.
- Commitment to Authenticity: A cornerstone of VCoins is the mandatory lifetime guarantee of authenticity for all items sold by its dealers, coupled with a fair return policy. This industry-leading commitment significantly reduces buyer apprehension, which is critical when selling valuable coins online, and positions your genuine items advantageously in the market.
- Global Reach & Educated Buyers: VCoins hosts extensive educational content, including articles and glossaries, attracting knowledgeable collectors from around the world. For UK sellers, this translates into the ability to tap into a worldwide market of informed numismatists, far extending their potential reach beyond national borders.
- Specialized Search Tools: Collectors are often on the hunt for very specific items. VCoins features advanced search filters—allowing users to search by era, ruler, denomination, material, issuing authority, and more—which enable buyers to efficiently locate particular coins or banknotes. For sellers of specialized material, this means your inventory is more likely to be discovered by the most relevant and motivated purchasers.
Practical Applications: Who Sells on VCoins?
When considering where to sell old coins, VCoins is particularly well-suited for specific types of sellers and situations:
- Professional Numismatic Dealers: This is the core seller base for VCoins. If you are a dealer in the UK with specialized inventory—be it ancient coins, British hammered or milled rarities, high-grade world coins, or collectable banknotes—VCoins provides an ideal online showroom to connect with a dedicated global clientele of serious collectors and fellow dealers.
- Serious Collectors (via Consignment): While direct selling is restricted to approved dealers, serious collectors who are looking to sell valuable individual pieces or significant portions of their collections can partner with an existing VCoins dealer. Selling on consignment allows them to leverage the dealer's established presence, expertise, and access to the platform's trusted environment.
- Charities and Non-profits (via Consignment): UK charities that receive donations of valuable coins or banknotes can effectively maximize their fundraising potential by consigning these items through a reputable VCoins dealer. This ensures professional appraisal, accurate cataloguing, and access to a discerning market that understands and appreciates their true numismatic worth.
Pros and Cons of Selling on VCoins:
Pros:
- Focused Numismatic Audience: Your listings are presented to individuals specifically interested in coins and currency, leading to higher conversion rates for desirable and correctly priced items.
- Professional Dealer Verification: The vetting process builds substantial trust among buyers, attracting serious collectors who are prepared to pay fair market prices for authenticated material.
- Potentially Lower Fees (than general marketplaces): While specific fees (typically a monthly subscription plus commission on sales) are discussed upon dealer application, the general understanding is that for its niche, VCoins' fee structure can be more favourable for dealers than broader platforms, especially considering the specialised audience.
- Strong Collector Community: The site often features forums and extensive educational content, fostering a sense of community that can drive engagement and indirectly support sales and dealer visibility.
Cons:
- Smaller Overall Buyer Base than eBay: While highly targeted, the total number of unique visitors is less than that of massive general marketplaces like eBay.
- Strict Dealer Membership Requirements: This presents a significant hurdle for casual sellers, individuals new to dealing, or those wishing to sell only a small number of items.
- Less Suitable for Common, Low-Value Coins: The platform's professional focus and dealer costs mean it’s generally not economical or appropriate for selling common modern coins or those with minimal numismatic premium.
- Limited Marketing Reach Outside the Numismatic Community: VCoins is a well-known and respected name within numismatic circles but possesses less mainstream brand recognition compared to general e-commerce giants.
Selling on VCoins: Requirements and Costs
For those aspiring to sell directly on VCoins, it's crucial to understand the platform's professional nature. The "Sell on VCoins" section of their website details the stringent criteria for dealer membership. Prospective dealers must typically demonstrate several years of experience as full-time professional numismatists, hold memberships in recognized trade organizations (e.g., PNG, ANA, or for UK dealers, the BNTA), operate an independent e-commerce website, and commit to rigorous ethical standards, most notably lifetime authenticity guarantees and clear return policies. This is not a platform for casual or occasional listings by individuals.
The cost structure for dealers on VCoins usually involves a monthly fee for their virtual storefront and a commission on completed sales. Specific figures are provided during the dealer application process. For individuals in the UK with valuable collections who do not meet these dealer criteria, the most practical approach is to consider approaching an existing, approved VCoins dealer to discuss selling items on consignment.
Tips for Success as a VCoins Dealer:
- Invest in superior imaging: High-quality, clear photography showing obverse, reverse, and any notable details or flaws is paramount.
- Write comprehensive and accurate descriptions: Include full attribution, condition/grade (using recognized standards), dimensions, weight, and any relevant provenance or historical context.
- Maintain professional conduct: Prompt communication, secure packaging, efficient shipping, and excellent customer service are essential for positive feedback and repeat business.
For professional dealers and serious collectors in the UK managing significant numismatic assets, VCoins (https://www.vcoins.com) represents a leading global marketplace. Its unwavering focus on authenticity and dealer professionalism makes it a top-tier choice when deciding where to sell old coins to a knowledgeable and trusting international audience.
7. Great Collections
When considering where to sell old coins, particularly those of significant numismatic value, certified status, or part of a substantial collection, Great Collections presents a compelling, professional online auction solution. Based in Irvine, California, this auction house specialises in certified coins, world coins, paper money, and stamps, offering a full-service consignment model that distinguishes it from many other selling platforms. For UK sellers, it provides a robust gateway to a global, and notably strong US, collector market.
Great Collections operates weekly online auctions, attracting a dedicated and serious international clientele of numismatists and notaphilists. Their core appeal lies in the comprehensive service they provide to consignors. Sellers entrust their items to Great Collections, who then manage the entire auction lifecycle: professional photography, detailed and accurate lot descriptions (including provenance where available), expert authentication and grading facilitation, secure storage, and the auction event itself. Crucially, sellers retain ownership of their coins until a sale is finalised, and there are no upfront fees for listing or marketing; remuneration for Great Collections comes via a commission on successful sales.
Why Opt for Great Collections When Deciding Where to Sell Old Coins?
Several key advantages make Great Collections an attractive venue:
- Professional Presentation Maximises Value: The platform understands that the quality of presentation directly impacts realised prices. Each coin is meticulously photographed using high-resolution imaging to showcase its condition and unique attributes. These images are paired with comprehensive, expertly written descriptions. This professional approach builds buyer confidence and can lead to significantly higher bids compared to self-managed listings on more general marketplaces.
- Access to a Serious, Engaged Collector Base: Great Collections has diligently cultivated a large and active following of discerning collectors. Their weekly auctions are well-publicised within the numismatic community, ensuring that consigned items are viewed by motivated buyers actively seeking to acquire quality pieces for their collections. This targeted exposure is vital for achieving, or even exceeding, fair market value.
- Full-Service Consignment – A Hassle-Free Experience: Perhaps the most significant benefit for many sellers is the sheer convenience. Once your coins are accepted and shipped to their facility, Great Collections handles the rest. This includes submitting coins for grading to leading services like PCGS, NGC, or PMG if they are not already certified (fees for grading are typically deducted from proceeds). They manage all cataloguing, imaging, listing logistics, respond to bidder inquiries, process payments from successful buyers, and handle shipping to the new owner. This comprehensive service is ideal for those who lack the time, specific numismatic expertise, or inclination to navigate the complexities of selling valuable coins themselves.
- Regular and Reliable Auction Schedule: With auctions concluding every Sunday, there's a consistent and frequent opportunity to bring your coins to market. This regularity avoids the lengthy waiting periods that can sometimes be associated with traditional auction houses, which might only hold specialist coin sales a few times a year.
The Consignment Process: Implementation for UK Sellers
If you're a UK resident looking into Great Collections as where to sell old coins, the process is straightforward:
- Initial Contact and Consignment Proposal: The first step is to reach out to Great Collections, usually via their website (https://www.greatcollections.com), with details of the coins you wish to consign. They have a selective acceptance process, generally focusing on certified coins or raw coins of a quality and value that are likely to perform well at auction. If your items are a good fit, they will provide a consignment agreement outlining terms and commission rates.
- Secure International Shipping: You will need to securely package your coins and ship them to Great Collections' California address. For valuable items, using an insured and tracked international courier service (e.g., Royal Mail International Tracked & Signed, FedEx, DHL) is highly recommended. Be mindful of any customs declaration requirements for sending collectibles to the USA, though this is typically straightforward.
- Authentication and Third-Party Grading: If your coins are not already graded and encapsulated by a recognised service, Great Collections can manage this submission process on your behalf, leveraging their established relationships with PCGS and NGC. The cost of grading will be communicated and subsequently deducted from your sales proceeds.
- Lotting, Photography, and Cataloguing: Upon receipt (and after grading, if applicable), their experts will lot your coins, capture professional images, and write compelling descriptions.
- Auction and Sale: Your items will be placed into one of their weekly online auctions. You can typically monitor bidding activity through your online account.
- Payment and Settlement: Following a successful sale and once the buyer has settled their invoice, Great Collections will remit your proceeds, less their agreed commission and any other incurred costs (such as grading fees). For UK sellers, payment is usually made via bank transfer (wire) or potentially a US dollar cheque. It's important to discuss preferred payment methods and clarify any potential currency conversion fees or bank charges associated with receiving US dollar payments in the UK.
Pricing Structure
A significant draw for consignors is the absence of upfront fees. You do not pay for listing, photography, or marketing until your coin sells. Great Collections' primary income is derived from a seller's commission, which, according to the provided item details, ranges from 10% to 20% on sales. The precise percentage can vary based on the value and nature of the consigned items and will be specified in your consignment agreement. It's worth noting that, like most auction houses, Great Collections also charges a buyer's premium (currently 10% or 12.5% depending on payment method, minimum $5), which is separate from the seller's commission and paid by the winning bidder.
Practical Use Cases for UK Sellers
- Selling High-Value Certified Coins: If you possess coins graded by PCGS, NGC, or other reputable services, Great Collections offers an optimal environment to achieve strong prices.
- Liquidating Inherited Collections: For those who've inherited coins and lack numismatic expertise, their service provides a transparent and professional way to realise the collection's value.
- Accessing the Strong US Collector Market: The US coin market is one of the largest and most active globally. Great Collections provides UK sellers with direct access to this lucrative market.
- For Sellers Valuing Time and Expertise: If you prefer a hands-off approach and want experts to manage the sale, their consignment model is highly efficient.
Comparison with Alternative Selling Venues
Compared to selling on eBay, Great Collections offers a curated, professional service, removing the seller's burden of photography, listing, and customer service, and targeting a more specialist audience. Selling to local UK coin dealers might be quicker for cash, but dealers buy for resale, meaning offers are typically below auction realisations. Traditional UK-based auction houses (like Spink or Noonans) are excellent for very high-end material but may have higher consignment thresholds, less frequent sales, and different fee structures. Great Collections offers a balance with weekly auctions and accessibility for a broader range of valuable certified coins.
Pros:
- No upfront costs or fees until a sale is made.
- Professional photography and detailed descriptions enhance value.
- Regular weekly auction schedule.
- Strong, established following of serious collectors.
- Facilitates authentication and grading with top-tier services.
Cons:
- Selling timeline can be 2-4 weeks or longer from shipping to payment, especially if grading is involved.
- Seller's commission of 10-20% on sales.
- Selective acceptance process; not all coins will be suitable.
- Limited direct control over the final auction price (though reserves may be possible for exceptional items).
- For UK sellers, involves international shipping and currency conversion.
Why Great Collections Deserves Its Place
Great Collections has earned its reputation as a premier destination for those wondering where to sell old coins, especially certified material. They offer a unique blend of professional auction house services with the accessibility and regularity of online sales. By handling the intricate details of selling and providing access to a motivated, global collector base, they effectively help sellers maximise the value of their numismatic assets with minimal personal effort and no upfront financial risk. For UK sellers with quality coins, particularly those certified by leading grading services, Great Collections is a robust and highly recommended selling avenue.
To learn more or to inquire about consigning, visit their website: https://www.greatcollections.com
Top 7 Platforms to Sell Old Coins Comparison
Provider | Core Features / Services | User Experience / Quality ★ | Value Proposition 💰 | Target Audience 👥 | Unique Selling Points ✨ | Price Points 💰 |
---|---|---|---|---|---|---|
🏆 Cavalier Coins Ltd | Rare & themed coins, weekly eBay auctions, bulk discounts | Personalized support ★★★★☆ | Accessible pricing from £1.99, bulk discounts | New & expert collectors, resellers, charities | Extensive rare selections, active community support | £1.99–£9.99 per item |
eBay | Auction & Buy It Now, global marketplace | Large audience, detailed tools ★★★☆☆ | Flexible pricing, high fees 10-15% | General collectors & resellers | Massive buyer base, strong buyer protection | Variable, fees add up |
Heritage Auctions | Authentication, expert cataloging, live & online auctions | Top-tier authentication ★★★★★ | High-value coin sales; high fees 15-25% | Serious collectors, investors | Professional grading, premium marketing | High consignment fees |
APMEX | Precious metals coins/bars, real-time pricing | Fast, reliable ★★★★☆ | Competitive metals pricing; less on numismatics | Investors, precious metals buyers | Instant price quotes, free shipping | Based on metals value |
Coin Shops & Local Dealers | In-person appraisals, immediate payment | Personal, expert advice ★★★☆☆ | No fees/shipping; variable pricing | Local collectors & sellers | Face-to-face trust, instant cash | Negotiable, often less than online |
VCoins | Verified dealers, education, international reach | Specialist numismatic focus ★★★★☆ | Lower fees than general marketplaces | Serious numismatists, collectors | Dealer verification, educational content | Moderate, dealer-dependent |
Great Collections | Photography, authentication, weekly online auctions | Professional presentation ★★★★☆ | No upfront fees, 10-20% commission | Consignors & serious collectors | Consignment with no upfront cost | Commission-based |
Making the Smart Sell: Final Thoughts on Your Coins
Navigating the diverse avenues for where to sell old coins can feel like a quest in itself, but armed with the right information, you're well-equipped to make a smart and profitable decision. As we've explored, options range from the global reach of online marketplaces like eBay, the high-value potential of specialist auction houses such as Heritage Auctions, to the focused communities of platforms like VCoins and Great Collections, and the convenience of local coin shops. Each route offers distinct advantages depending on your specific needs and the nature of your collection.
The most crucial takeaway is that the "best" place to sell your coins is entirely personal. Consider the type and rarity of your coins: are they highly sought-after numismatic treasures ideal for a major auction, or a mixed collection better suited for a broader market or a specialist dealer? Your desired selling speed, your comfort with online versus in-person transactions, and, critically, the associated fees and commission structures are all vital factors. For UK-based sellers, understanding which platforms have a strong local presence or cater specifically to the UK market can also be beneficial.
Here are your actionable next steps:
- Assess Your Collection: Understand what you have. For valuable or extensive collections, consider a professional appraisal.
- Define Your Goals: Are you aiming for the absolute highest price, a quick sale, or a straightforward process?
- Research Thoroughly: Revisit the platforms discussed. Compare their terms, fees, typical clientele, and success rates for coins similar to yours. Don't underestimate the value of reading user reviews and understanding their consignment or direct purchase processes.
Ultimately, choosing where to sell old coins successfully hinges on matching your specific coins and selling preferences with the right platform. Whether you're an expert numismatist with rare items, a new collector, a charity managing donations, or a reseller sourcing inventory, a careful and informed approach will always yield the best results. The journey of selling your coins can be as rewarding as collecting them, unlocking not just their monetary value but also their historical significance.
If you're in the UK and seeking a trusted, expert avenue for selling your coins, consider exploring what Cavalier Coins Ltd has to offer. As specialists in British and world coins, they provide valuations, purchase collections directly, and offer consignment services, ensuring your items are presented to a dedicated community of collectors. Visit Cavalier Coins Ltd to learn more about how they can assist you in achieving a successful sale.