Getting the Best Price for your Hammered Coins
If you have managed to get your hands on an old hammered coin then you may be surprised to find out exactly how valuable they are. For the past decade the price that hammered coins sell for has generally continued to rise, more so in portrait coins of Henry V111, EdwardV1, Elizabeth 1, James 1 and Charles 1 coins than many earlier including Celtic. Through being prudent in your approach to selling, you may find that someone will be willing to pay a very fair price.
Before you decide to sell your hammered coin, you should firstly consider if it what you are really wanting to do. There are many reasons why it can be wise to hang on to a coin, rather than sell it straight away:
1. Over time the price of a coin can increase well beyond the rate of inflation. The reason for this is that supply of old hammered coins is continuing to shrink, while demand is doing the opposite. Through hanging onto your coins for longer, you may find that you are able to reap the rewards financially. 2. It's a piece of history that you may have difficulty replacing. You may think that the money sounds appealing, however does it truly outweigh the value that you gain from having the coin? That is the question you should be asking yourself before you decide to sell. 3. Through hanging onto the coin you can wait until a time where you are offered the best deal. Some people are able to get more value from having the coin, and others have bigger budgets than others. Through hanging onto it, you will be able to wait until the best deal comes along.
If you are sure that you want to sell, then it is important that you go to all measures in ensuring that you get the best deal. The first stage should be to get a professional to evaluate its potential value. The professional may also be willing to make an offer to you if they would like to buy the piece, so getting evaluations can be useful in two ways. After you have got a valuation from a specialist, then your goal should be to sell it to a specialist dealer or collector if you want to make the most money. A dealer will be looking to make a mark-up on selling to the collector, but will probably have a customer for your item or be happy to have it in stock for what could be months .Generally, specialist collectors prefer to deal with reputable dealers as they know their coin will gain provenance(i.e. a coins history of ownership can be traced thus in many cases enhancing the value). An ?unknown? coin (e.g. detector find) will not have this ?provenance?
Another great way to get the best deal for your hammered coins can be to sell them at a specialist auction. At a specialist auction there will be an array of people that are looking for, and already have vast knowledge, surrounding coins. This could mean that, if they start competing for your item, that you could end up with much more money for your piece than it had been valued at ? this is even more likely to be the case if the piece is rare. Always remember to have a reserve on your item, and don't be scared to wait until the price being offered is fair. It may well be worth you while to ask a dealer to handle an auction sale for you. He could negotiate better auction fees for you and would probably pick an auction which would be the best for your particular coin(s)
About the Author: Anthony Travis writes articles about Hammered Coins Further articles written by the author related to English Hammered Coins For more about visit http://www.hammeredcoinsofengland.com.
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