Monday, November 7, 2011

Selling Coins Online Shouldn't Be Difficult - See How!

By Glen Phillips


Selling coins online can be somewhat of an overwhelming experience considering the large number of online coin dealers in the marketplace. Most coin dealers claim to pay the most, but do they really? How should you go about separating the wheat from the chaff, or more appropriately, the gold from the dross? We'll help you to do so in the following article.

Once you've identified online coin dealers that you're considering, the first approach should be to determine if they are affiliated with the BBB, the premier independent rating agency in the nation. If not affiliated with the Better Business, move on, as there are a number of coin dealers that have agreed to be bound by the strictest guidelines in the industry. Once you've determined if the coin dealer to whom you're considering selling coins online is a BBB member, further evaluation should be conducted to determine the rating of the online coin dealer. If not rated an "A" or "A-," consider moving on, as you may be increasing your odds for an unsuccessful transaction.

A mere affiliation with the Better Business Bureau isn't sufficient. You should also determine how long the coin dealer has been a member of this organization, as there are many fly-by-night online coin dealers conducting business. You don't want to be the victim of a dealer that is here today, gone tomorrow. One way to protect yourself is to only sell coins online to a dealer that has been in business for at least a year. This is typically sufficient time to see a coin dealer's track record and to determine if there have been previous issues that may raise a red flag.

At this point, you should have determined that the coin dealer to whom you're considering selling your coins online is affiliated with the Better Business Bureau, if they're in good standing, and have a relatively long established track record. The next step is to obtain other independent reviews of the online coin dealer through social media sources, on site testimonials provided by prior customers, and local places pages, such as Google Places. These independent evaluations can go a long ways in providing you with a sufficient level of comfort.

While vetting the online coin dealers that you're considering to determine if they meet your minimum requirements is important when you sell coins online, at the end of the day, your online coin dealer should be willing to pay you top dollar for your items. Our preference is that the online coin dealer post online their current coin buying rates. In our experience, online coin dealers who are willing to post their buying rates on their respective websites typically offer much more than coin dealers that keep this information hidden from the public. If not online, a representative of the online coin dealer should be willing to provide this information over the phone.

While not considered to be an exhaustive list, we hope that the information above will help you to avoid some of the pitfalls when selling coins online and to receive the most for your coins.




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