Given the current state of the US economy, you may want to sell your rare coins or currency to make a quick buck or buy gold to protect yourself against inflation.
Let’s go over the different options you have to get rid of your collectible coins, currencies, and other valuable assets for cash.
Where to Sell Coins and Currencies?
Here are some of the options you can explore, but not all of them will suit your needs.
Local Dealers
Your recent searches may lead you to local currency and coin dealers. They have knowledge of various coins and currencies. Bring in your collection, and they’ll help you assess its value.
There are no shipping costs when selling to a currency or coin dealer, and you get an upfront payment. However, a local currency or coin dealer may not give you the best price.
Currency and Coin Shows
You’ll find many dealers looking to make a trade at currency and coin shows. Get a quotation from multiple dealers for your item and sell it to the one offering you the most.
Although currency and coin shows can yield a better price than a local dealer, it can be a hassle if you have to travel far.
Auction Houses
If you possess an extremely valuable or rare coin or currency, auction houses may be the best avenue for you.
For example, the most expensive coin, The 1933 Double Eagle, sold at an auction in Sotheby’s in New York in 2021 for $18.9 million. A local coin dealer will not be able to cough up cash for that transaction.
Selling your piece at an auction house can be lucrative, but the process is time-consuming, and you have to factor in the buyer’s fee.
The easiest way to trade your coins, currency, scrap gold, and other precious metals and get instant cash is through West Coast Coin and Currency.
West Coast Coin and Currency: Who Are They and What Do They Do?
Located in Simi Valley, California, West Coast Coin and Currency are buyers and sellers of precious metals, including gold, silver, and pallidum.
They also deal in gold and silver bullion, type coins, collectible coins, and currencies from the United States and across the world.
What Are the Services and Products Available?
West Coast Coin and Currency in Simi Valley offer the following services and products:
Ecommerce facility
Bullion bars
Bullion coins
Investment and retirement vehicles
Is West Coast Coin Currency an Authorized Dealer?
West Coast Coin and Currency is an authorized dealer in Simi Valley and has also sold more than 137,000 items on their eBay store, Mint70.
It is a legit business and has the following certifications and recognitions:
Certified Coin Exchange
American Numismatic Association
Paper Money Guaranty
Numismatic Guaranty Company
PCGS Authorized Dealer
PCGS Currency Authorized Dealer
How Is West Coast Coin and Currency Rated?
West Coast Coin and Currency have 4.5 stars on Yelp and 4.5 stars on Google Reviews. Besides the high rating, most West Coast Coin and Currency reviews are positive and praise the services they offer.
West Coast Coin Currency Location and Hours
If you’re interested in visiting West Coast Coin and Currency, here are their business details:
Address: 2585 Cochran St., Suite E, Simi Valley, CA, 93065
Telephone: (805) 306 9978
Opening Hours: Monday, only by appointment. Tuesday – Friday, 10:00 AM – 5:00 PM, Saturday, 10:00 AM – 5:00 PM. Sundays are closed.
Email: Westcoastcoin@gmail.com
Make sure to call them for an appointment before your visit!
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About Tim Schmidt
Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He started IRA Investing to share his expertise in using his Self-Directed IRA for alternative investments. His views on retirement investing have been highlighted in USA Today, Business Insider, Tech Times, and more. He invested with Goldco.