TIPS FROM OUR PAWN SHOP

Do you have an old coin collection collecting dust in your attic that you’ve been sitting on because you’re not sure if it’s worth anything or what you should do with it? Or are you an invested and attentive collector who is ready to reap the rewards of your years of effort? Whatever your situation, if you’re interested in turning valuable coins into cash, selling to a pawn shop is a great option. Make Yankee Peddler & Loan your first visit in the greater Greenwich, Stamford, and Norwalk, CT area.

If you’re new to the process of selling coins, or simply have never been to our particular pawn shop before, here are some helpful hints to consider.

Research

The more knowledge you possess about exactly what you are working with, the more power you will have. Understand the types of coins you have, along with attributes such as their weight, when they were minted, and where they are from. With the right details, you may be able to accurately predict the value of your collection.

Documents

Coins made of precious metals are often issued with some form of documentation. Hopefully, you have held onto this and can bring it with you to the pawn shop to establish authenticity. Needing to have your coins assessed by a third party will slow down the entire process, and trusting the claims of the person you’re attempting to sell to is obviously not ideal. The more verified information you can provide on your own, the better.

The Transaction

When you are ready to bring your coins into a pawn shop, you will be made an offer based on the current market value for precious metals. This means the worth of your collection at a given point in time can vary. If you are satisfied with the offer, the exchange can be quite quick and simple. And best of all, you can head home happily with a pocket full of cash!

If you have any further questions or concerns about the process of selling valuable coins to our pawn shop, please do not hesitate to contact us!