When seeking to buy or sell coins in Chicago, it is important to understand a few quick points about the process. Finding a place to sell them isn’t always the easy part.
Find Good Dealers
With the prices of gold and silver at amazing rates, more people have begun to seek to buy and sell coins as an investment. Although there are a good number of those who are not informed, there are also a number of reputable dealers who sell gold coins. Before buying or selling these stores of value, you should do your research and get your advice from someone who knows the current market fluctuations of metals.
Bullion Coins
One of the first things you need to know if you want to sell coins in Chicago is that not all gold coins are identical. One type, gold bullion coins are minted and collected by investors for their gold value. They are of no interest to collectors and have no value for the collector. The second type, numismatic gold coins were pressed by the US government between 1795 and 1933. All coins still in circulation are very interesting by investors and collectors. Gold bullion coins are the most popular. Knowing the reason why you want to buy these coins will help to determine which ones are the right ones to buy.
Types of Coins
Those wishing to invest in gold coins should know that gold bullion coins generally sell at a small amount above the actual value of gold’s melt value, most often called its spot price. The most popular gold coins include the American Eagles, the South African Krugerrands and the Canadian Maple Leafs. Those who wish to invest should be able to differentiate the bullion coins whose values can fluctuate according to the current price of gold, and rare coins that can include a remarkable collection premium depending on their supply and demand.
If you are looking to sell coins in Chicago, contact Chicago Gold Gallery. They are online at www.chicagogoldgallery.com.
