Buying Coins at Local Estate Sales: a guide for collectors of coins Summer Sale
What is an estate sale?
An estate sale is generally a liquidation of physical assets for a house. Usually this is done after a death in the family, but that is not the only way you can have an estate sale. If you are in possession of a residence or piece of property containing personal effects, you can call a real estate sale. Some examples could be a divorce in which the community of property can not be split up or someone moves into a new job and must pass the light. Usually these sales are handled by a moderate and liquidation company. They handle all sales and business relationships. All you have to do is collect the proceeds at the end.
The advantages of buying Collectible Coins estate sales locally
Like everything else, the purchase of coins in a local real estate sale can be advantageous.
1. A lot of real estate sales contain many years of collecting and hoarding by owners. Thus, there can be real treasures available if you know what to look for. This is not always the case, but people have gained valuable coins in this manner.
2. The good thing is that you will be able to purchase the item, so there and take it home with you. No waiting for shipping, shipping costs or the danger of being the voice of lost or stolen in transit. Almost all coins are sold in real estate sales in a ‘cash’ n ‘carry’ basis. You buy, you fly.
3. A big advantage for the purchase of coins for sale is a property that was bought by another collector. So the pieces in the collection that were probably well cared for and most likely in excellent condition. The expert real estate sale coin buyer is a good idea of what to pay for those coins. If you happen to find something that you are not sure you can call a friend with a computer to do a little research for you on the spot. No need to ‘buy blind’, as they say.
What to watch out for when shopping at local Estate Sales Coins
There are a few things to lookout for the purchase of coins in a local real estate sale. Here’s a short list:
1. Avoid ‘treasure chest’ kind of offers. As with eBay, some sellers launch a few coins in a box or bag and call a ‘hidden treasure’ or something like that. Does not take much time to throw anyone a bit ‘in the value of coins in a container and call them precious.
2. All entries that are described with great adjectives are avoided at all costs. Collector coins generally do not speak with words like ginormous, giant massive or when it comes to their currencies.
3. If the seller offers a bonus for the purchase of certain currencies, do not. And ‘more than likely a piece of junk that the seller wants to dump purchase. Remember that all sales are final with real estate sales, so once you move into cash, is to keep yours! Buy smart!
Other times less, some precious or value of coins can be found at local estate sales. Just be informed and ready to pull the treasures you can find!
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Uncategorized | Ilutern
This is a good how-to for buying coins at estate sales. We’re in Chicago, the busiest market for estate sales and we get coins quite regularly. Our buyers prefer buying this way for many reasons, some listed above, but mainly because of the prices. I can’t say what others do but for us, we always sell out and they’re priced fairly – better than coin dealers and such. I agree, watch your local estate sales for coins and plan on getting there first day, otherwise they may not be there. ~Happy Coin Hunting~
Doug