Selling Proof Coins & Coin Sets

Selling proof coins

In addition to bullion investment coins, we also sell and buy proof coins. These are the best quality minted coins available, and usually come in an official presentation box with a Certificate of Authentication. Selling proof coins is a very different prospect to bullion coins, and one that needs to be carefully researched by investors/collectors.

Proof coins are considered a collectable item. They are sold with limited numbers, at a much higher premium to reflect the more labour intensive and expensive production methods. Learn more about what a proof coin is, and the different coin qualities available.

As a result of this, selling proof coins is not as simple as selling a bullion coin. With a bullion coin you can quickly get a price from a dealer which will be largely based on the metal content of the coin. Dealers will typically offer a flat rate under spot price to cover the costs of testing the coin. With a proof coin a collector may be willing to pay a higher rate for it, so someone selling a proof coin may also hope to achieve a higher rate.

This can be difficult however, and those selling are usually faced with two choices; sell privately and directly to another collector in the hopes of realising full value for the coin, or sell quickly to a dealer or other middleman. Each has their own benefits and drawbacks discussed below.

Where to sell gold proof coins?

If you're asking yourself where to sell gold proof coins, one of the main options to consider will be a private collector. The best way to ensure you get the most money for your coin will be to find someone who wants it themselves.

If you can find a collector who needs your coin to complete their collection they will almost certainly be willing to pay a good price for it. The drawback to selling gold proof coins privately is the time it takes, and the risk involved.

Finding someone who really wants your coin can be a lengthy process. You can list on multiple marketplaces and still not see real interest in your coin. It can be down to luck for that one collector to be in the market at the same time you are selling.

When you do find a buyer it is important to ensure a safe transaction. The buyer may be concerned over transferring large sums of money to a private seller, especially without seeing the coin first. You however place yourself at risk sending items without first securing money. This can make a dealer like BullionByPost a much safer place to sell proof coins.

Why sell proof coins with BullionByPost?

Selling proof coins can be a tricky business, but at BullionByPost we make it a simple and quick process. A dealer will be a quick way to sell a proof coin, but will do so at a lower rate than a private collector might. A dealer will only be looking to sell the coin on of course, and does not take any of the enjoyment a collector will in owning a coin.

They will need to weigh up current stock and interest in the coin, and how long it may take to sell combined with potential metal price at that time. This makes a dealer like ourselves a good way to sell proof coins for those who just want a quick sale without the hassle/risks of selling privately.

We can give you a valuation for your proof coin or proof set via email. Simply send a clear photo of the proof coin or set to support@bullionbypost.co.uk and one of our experts will take a look. Customers selling to us with the box and certificate included could get an even higher offer.

We offer prompt payment to customers via Bank Transfer within three working days, subject to inspecting your items.

Why not sell at auction?

Auction houses typically have a seller’s premium. This is usually a 10-15% fee taken by the house from your sale as payment for holding your item, listing it, and attempting to auction.

Auctions are high risk, high reward. You might land a big sale, but it’s luck of the draw if you get the right person looking to buy your item on that exact day, and there’s the risk that your coins might not even reach their reserve. No sale means no payment, but you’ll still owe the auction house a fee for taking part.

There’s no guarantee of careful handling whilst holding your item ready for auction, and it can take weeks or even months for a specific auction to occur, such as one for coin sales. With BullionByPost you can lock in a price and send off your items in the same day.

Online auctions can appear a more attractive prospect but again, when you consider the fees for listing your item(s), enhancement fees to attract greater interest, and fees upon agreement of sale then it can be a complicated and confusing process.

At BullionByPost the price we offer is the price you get.