Return To Blog
But I saw this exact coin on the internet for thousands...
If I had a nickel for every time I heard this, I'd be rich!
By David Gonzales - June 14, 2017
I can't count the number of calls I've recieved with this response... The internet has created coin pricing experts all across the world!
There are so many factors when determining the value and marketability of a particular coin. Date, mintmark, condition, composition, mintage numbers and mint errors are just a few. And then there is the ability to recognize these things. Also, there are very few ways to get any formal education about coins, especially "shotgun" training for the person that just has a few coins to sell. So to the internet they run...
Sellers of coins on the internet are not the authority. Anyone can sell anything for any price on the internet, and there is always someone dumb enough to buy it. The world wide market for ebay is incredibly big, the sheer numbers of buyer and sellers is astounding. Always best to check around, and get to know a dealer. Let me give you a hint on what motivates a reputable dealer. Online ratings! Approach a dealer in person and show them your coins, and metion that you plan on providing a rating for the good work and pricing that they provide.