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With the advent of the internet, online coin dealers have become much more prevalent, resulting in an explosion of individuals selling coins online. This has also created a bit of a problem for sellers of coins, as there are a number of online coin dealers, some of which are less reputable than others. Merely having a flashy website isn't sufficient when attempting to locate an online coin dealer. Due diligence should be taken when selling coins online to ensure that you've selected the right coin buyer. In this article, we'll help you to identify some traits and characteristics that should be confirmed prior to selling your coins to an online dealer.
When evaluating online coin dealers, we first recommend that you confirm whether or not the dealer that you're considering is affiliated with the Better Business Bureau. Furthermore, the online coin dealer's standing with the BBB should be confirmed prior to selling coins online to the dealer that you've identified. Have they had many complaints filed against them? If so, have the complaints been successfully resolved? Also, what is the grade assessed to the online coin dealer by the Better Business Bureau? If not rated an "A" or "A-," further due diligence should be performed prior to selecting the dealer that you've identified.
You'll also want to confirm the length of time that the online coin dealer has been affiliated with the Better Business Bureau. A relatively short affiliation may not be sufficient to determine whether or not the coin dealer is reputable and honest in its dealings. While there's nothing scientific about this length of time, we're of the opinion that only online coin dealers that have an affiliation of at least a year should be considered. A year's time should be sufficient to identify trends and establish a track record. If not outstanding complaints remain after a year and the coin dealer has posted a solid "A" or "A-" rating, they're a firm that you should considering selling your coins online to.
Assuming that your online coin dealer has passed the first two litmus tests, a third evaluation should be conducted. You should search for specific experiences prior customers have had when selling coins online to the online coin dealer. Does the dealer you're considering have testimonials from prior customers posted on their website? Is there other independent evaluation of prior experiences from reviews posted on social media sites or on the online coin dealer's Google Places page? Word of mouth is probably the best way to evaluate companies with which you've unfamiliar.
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.
When evaluating online coin dealers, we first recommend that you confirm whether or not the dealer that you're considering is affiliated with the Better Business Bureau. Furthermore, the online coin dealer's standing with the BBB should be confirmed prior to selling coins online to the dealer that you've identified. Have they had many complaints filed against them? If so, have the complaints been successfully resolved? Also, what is the grade assessed to the online coin dealer by the Better Business Bureau? If not rated an "A" or "A-," further due diligence should be performed prior to selecting the dealer that you've identified.
You'll also want to confirm the length of time that the online coin dealer has been affiliated with the Better Business Bureau. A relatively short affiliation may not be sufficient to determine whether or not the coin dealer is reputable and honest in its dealings. While there's nothing scientific about this length of time, we're of the opinion that only online coin dealers that have an affiliation of at least a year should be considered. A year's time should be sufficient to identify trends and establish a track record. If not outstanding complaints remain after a year and the coin dealer has posted a solid "A" or "A-" rating, they're a firm that you should considering selling your coins online to.
Assuming that your online coin dealer has passed the first two litmus tests, a third evaluation should be conducted. You should search for specific experiences prior customers have had when selling coins online to the online coin dealer. Does the dealer you're considering have testimonials from prior customers posted on their website? Is there other independent evaluation of prior experiences from reviews posted on social media sites or on the online coin dealer's Google Places page? Word of mouth is probably the best way to evaluate companies with which you've unfamiliar.
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.
About the Author:
When selling coins online, consider Atlanta Gold and Coin Buyers, one of the premier online coin dealers in the industry when you sell coins online.. This article, If You're Considering Selling Coins Online - Read This First! has free reprint rights.
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