Selling Platinum Coins in Las Vegas: Tips for Beginners
If you’ve ever visited a coin dealer, then you must know that various types of coins exist out there. Some are worth more than others because of the metal they’re made of. For example, platinum coins can be pretty valuable and even sell for an amount above their face value if they’re in excellent condition. However, to learn how to make a profit selling platinum coins, you need to understand a little bit about them first. Many people don’t know much about these coins, making them perfect for anyone who wants to make money with them. In this blog post, you will learn exactly what platinum coins are, why they can be profitable when selling them, and some tips for getting started in this business venture.
What are Platinum Coins?
Platinum coins are examples of numismatic coins. Numismatic coins are worth significantly more than the price of their actual metal content. The price of platinum coins can fluctuate based on the value of platinum, but they can be very profitable in the right conditions. Different kinds of coins are made of platinum. Some more common ones include American Platinum coins, Canadian Platinum coins, Australian Platinum coins, and Chinese Platinum coins. Chinese Platinum coins are especially rare, which can make them even more valuable.
Why Sell Platinum Coins?
Platinum coins are extremely valuable and can be sold to coin dealers for above their face value. This makes them a great item to sell if you’re looking to make a profit quickly. Platinum coins are also easy to obtain because they’re not rare like some other coins. Hence, some individuals might already have some of them at home. The wide accessibility to such coins makes it easy to start making money with them.
For people who collect coins, learn more about platinum coins. But someday, you’ll be interested in purchasing them as an investment since you can eventually sell them for a profit. Since platinum coins are worth more than their face value, this can earn you money quickly. And if you find rare platinum coins, you can make even more.
Tips for Beginners Selling Platinum Coins
Here are a few tips for beginners selling platinum coins:
- First, you’ll want to find out the current value of platinum. This way, you’ll have an idea of the base price of your coins.
- You’ll also want to make sure the coins are in excellent condition. This way, you’ll be able to get the most money for them.
- If you have a few rare platinum coins, consider selling them to a specialty buyer. This is great if you don’t want to visit coin shows and wish to skip all the hassles of looking for individual buyers.
- Once you’ve found interested buyers, send them the coins as quickly as possible. This can make it easier to sell them and make a profit.
Tip: You’ll want to work with rare platinum coins. Rare ones will help you make even more money and make it easier to sell them since they are highly desirable. You can find rare coins at coin shows, or you can visit websites like Ebay, where you can find rare platinum coins for sale.
How to Make a Profit Selling Platinum Coins
Once you’ve found or chosen some platinum coins to sell, you’ll want to make sure you clean them up and keep them in excellent condition. This will make it easier to sell them and make a profit. You can also put them in a case that is meant for such coins. This way, your buyers will have a safe way to store them, making them prefer your coins over others. Doing so will also increase the value of your coins a little bit.
Finally, get in touch with a reputable specialty buyer, such as Nevada Coin Mart, who buys bullion coins. You’ll be surprised at how great our offers are.
Where to Sell Platinum Coins
Nevada Coin Mart is the best place to sell platinum coins in Las Vegas. We have in-house coin experts that are not intimidating like those from coin shows. With this, we often attract people interested in rare coins but don’t know much about them. This makes it easier to sell platinum coins and make a profit.
The number of customers we have helped over 25 years proves that our store offers the best in the area. Check us out at Nevada Coin Mart® 4065 S. Jones Blvd, Las Vegas, NV 89103. You can also call us at 702-998-4000 or email us at [email protected] to talk to one of our expert buyers today.
Examples of Platinum Coins
American Platinum coins are very common and sell for around $1,200, depending on the quality and specific currency. Highly coveted American Platinum coins from 1933 are especially rare and can sell for $3,800 or more. American coins from 1982 are also rare and can sell for around $1,000 for a single coin. Those from 1933 are especially rare and can sell for $3,000 or more.
Meanwhile, Chinese Platinum coins can be very rare and can sell for hundreds of thousands of dollars. For example, the coin in the picture is one of the world’s most valuable Chinese Platinum coins, and it sold at auction for more than $1 million.