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If you stumble upon antique coins after decluttering, don’t throw them away. They may be valuable, especially if they are made from precious metals like gold, silver, platinum, or palladium. To get a bigger bang for your buck, thoroughly research what you’ve found before finalizing the sale.

What to Do Before Pawning Coins

1. Identify Them

Note their denomination, mint mark, and year on the front. Do an initial assessment by looking them up online. Next, determine their condition. Do they have scratches and print errors? The more corroded they are, the lower their value will be. Nevertheless, don’t attempt to polish them. You may accidentally cause further damage, and coin collectors will want them to look as natural as possible anyway. 

2. Have Them Graded

coinsHave reputable coin dealers assess the coins so you can be sure of their value and authenticity. Go around and have multiple buyers check your collection and compare their offers. If possible, bring documentation as proof. 

3. Choose a Trustworthy Pawn Shop

Look for positively reviewed pawn shops and visit them beforehand, so you have an idea about what they usually sell. Most reputable pawn shops can fairly appraise precious coins. Remember to keep your receipts to avoid legal problems, as the government may tax the earnings from the sale.

 

If you are looking for a pawn shop for precious coins, including silver eagles, silver war nickels, and Swiss and French gold francs, check out Pawn World in Kingman, AZ. For more than 25 years, this family-owned and -operated business has been buying, selling, and pawning valuable items for a fair price. As the largest pawn shop in Kingman, they offer a long list of products, from diamonds, silver, and other pieces of jewelry, to firearms, sporting goods, power tools, electronics, and cars. Their trained employees will appraise your items and offer a fair price. Check out their website for more information on their coin business, or contact them at (928) 753-3700.

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