How To Sell Your Coin Collection At A Coin Shop

coin collecting, and today, as an adult, I still treasure my Mercury dimes, Wheatback cents (pennies), Buffalo nickels, Standing Liberty quarters and my many other coins and bills from around the world.

That’s a couple of questions rolled into one. First – money laundering. Yes – we must establish the identity of our customers. This is not too onerous for customers or for us. We take deposits only through the banking system direct from the customer’s bank – which should be trusted internationally (which includes just about every major Western bank). We require our users to submit scans of a photographic id (usually a passport or driving licence) and a scanned bank statement which we check to the source of funds. It’s that easy.

Remember we are not under pressure on money laundering. Because we always pay money back to an account in the same name as the money was deposited from (and almost always to the originating bank account) we are not a useful service for money launderers. In operational complexity this is a major advantage over DGCs.

Examples of numismatic coins include the American Eagle, and the Canadian Maple Leaf coins. Each of these coins typically demand a price 10%-20% higher than a generic coin of the same weight and quality. Some items are very rare, and demand a price that makes their precious metal content insignificant as far as their value is concerned, such as the 1804 Childs silver dollar that sold at auction for over $4 million.

There are currently no freely circulating gold currencies in the world; so, right or wrong, as a medium of exchange it is clearly prone to failure. Why? Because it is so good at storing value that presented with a choice of spending pesos or gold people repeatedly spend pesos and save gold – which means the gold gravitates to savers, not spenders, and stops circulating as currency.

Several months ago while visiting a local