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Many people start collecting coins as a hobby but give it up soon for some reason or the other. Many find it a very costly hobby and some think it demands a lot of their time. Many of these hobbyists who stopped collecting coins for whatever reason continue to hold stocks of their prized possessions, even if the collection is gathering dust. It won’t be surprising if some collectors have altogether forgotten about the coins collected over years. Rather than continue retaining those coins, it is better to sell them off now due exceptionally high prices of gold in today. Its price has never been so high. It has already encouraged a number of collectors to dispose of their collection of coins. Should you be contemplating selling your collection of gold coins, you will find this article helpful. You’ll know the factors which affect their price, the benefits and drawbacks of selling your possessions through the Internet and how to find a Houston coin buyer. What affects the price of your possessions? You should understand that the price of a gold coin is not decided by the market price of gold alone. If it were so, you just need to multiply the weight of gold contained in any coin and multiply the same by the prevailing price of gold.However, the collectors’ price of gold coins takes consideration of factors others that its weight. It also includes the antique value of coin, its aesthetic appeal and how popular it is with collectors. Selling your collection of precious coins Ascertaining the price of collectors’ coins is rather difficult for most collectors. The Houston coin buyer will buy gold coins only if the seller can produce a document to confirm its authenticity. In the absence of such document the dealer will pay only for its gold content multiplied by current price of gold. Moreover, even if the seller produces the necessary document confirming the authenticity of coin, most dealers would offer to sell it on consignment basis. It simply means that the dealer will keep your coin with him and pay you only after he locates a suitable buyer for the same. That usually takes a long time and most often you are not likely to get paid the factual price of your collection. This is particularly true when the economy is sluggish as there are not many buyers willing to make such an investment. The other logical option is to sell gold coin through an online gold refiner. Here are the advantages and limitations of selling through this mode: Advantages and limitations of selling through an online gold refiner The most helpful factor or selling in this manner is that you get paid much faster, compared to selling through a dealer on consignment basis. Reputed gold refiner would pay you within twenty-four hours. Another advantage is that it eliminates the hassle of haggling with any dealer. The dealer would naturally like to have increased margin for himself, thereby reducing the amount payable to you. When you sell through an online dealer, there is no haggling involved. You get paid as per the intrinsic value of your coin. The drawback is that the coin refiner will generally pay less than a Houston coin buyer. That’s because the latter takes into consideration factors other than just the intrinsic value of coins.
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Houston coin buyer, sell gold coins, coin selling,
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