If you are a member of a gold coin collector’s club, it is a good idea to trying selling them to the other member’s first. Since you are all interested in the same thing, the chance of someone snapping up a few coins is high. You would also be able to exchange your thoughts on the coins and be able to learn a thing or two from each other. Plus, your friends would be reasonable when it comes to pricing as they would be familiar with how valuable the coin is and how much it should be.

You can also try selling to private dealers or shops that specialize in gold coins and purchase gold bullion. Much like selling to your likeminded friends, these people would also be able to tell the value of a coin at a glance and would also be reasonable when it comes to pricing. Of course, there would be negotiation but expect them to be quite easy to deal with. After all, they are well aware of just how much the coin should cost and its equivalent value.

You may also try selling online. You can opt to open your own website if you wish to continuously sell coins or if it’s just a short term thing, you can always go to eBay and open your store there. But of course, selling online would require a bit of research. There are some important things to remember such as: researching your market, pricing your coins reasonably and fairly, providing potential clients with solid information about the coin as well as uploading clear photos that show the coin at its fullest. If there are any flaws it would be best to inform the client about it and show it in the photos as well. Basically, your photos should follow the “what you see is what you get rule” so don’t Photoshop anything and keep the picture honest.

When it comes to describing the coin, it should follow the same rule as the photo. Be honest and straight to the point. Give as much information as you can about the type, make, age and condition of the coin. People would value your honesty and you wouldn’t want to surprise them with a flawed coin when what you promised them was a near flawless one. Don’t forget to clearly state your terms, return policies, shipping policies, payment preferences, insurance fees and other similar things. This would eliminate chances of clients getting confused and would also help make your transactions smoother and hassle free.

One venue where one can buy and sell gold coins is through online sites offering these services. Selling can be as easy as confirming your transaction with them via phone and sending payment through any of their authorized or preferred payment methods. Payment via US Dollar checks or electronic wire transfer may be utilized. As for delivering the gold to you, there are companies who make use of Registered Insured US mail where the costs are shouldered by the companies themselves. Armored car services may also be used at the behest of the customer, depending on whether such services are also part of the company’s offerings. If you wish to sell to them, the process is simply reversed. There are online companies stating a payment within 24 hours of receipt of the gold being sold by the customer.

The advantage of buying and selling online may be that it’s much easier to review the bidding prices since they already have a listing of it in their sites. However, for those who prefer other methods, they can also head for the auction houses or search out for coin dealers. A listing of buying and selling prices can be obtained from the different auction houses and dealers so that one can be sure of getting the best possible price for their gold coins.

For those who wish to sell their coins to dealers, one has to keep in mind that they may not be able to sell them at the highest price per ounce, unlike in online sites or in auction houses (which may also deal online) since gold coin dealers make profit from the resale of these gold coins. Obviously, the rule, as in most trading practices, is to buy low and to sell high. In buying, as well as in selling – but more in buying – one has to ensure that the gold coin dealer is a reputable one so as to avoid a bad bargain.

It may also be important to note that when it comes to buying and selling gold, rare gold coins may be harder to sell as they cost so much more. At any rate, there is plenty of advice and outlets on where exactly you can go to buy and sell gold coins.