If at any time you have wondered where to sell old coins to take advantage of the collection you have and earn extra money, in this article you will find data that will guide you to do so.
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Numismatics is the economic discipline that deals with the study of coins, especially ancient coins, and allows us to bear witness to the economic history of a country or nation. This discipline is followed by thousands of people who create their collections and are looking to buy, but also where to sell old coins at a good price.
If you are starting in this world of buying and selling old Mexican coins, keep reading, you will surely find a lot of valuable information.
How do I know if my old coin has value?
Keep in mind that not all ancient coins have value just because they are ancient, usually numismatic specialists base their characteristics on such as:
- The metal with which it is made.
- The year of issue of the coin.
- The purpose for which they came out.
- How short the issue was, that is, how many went into circulation and for how long.
- Degree of conservation.
- Differences between the same collection.
- The demand for the coin among collectors and historians.
These are just some aspects on which the valuation of a coin is based, but it depends on each piece to determine a price. There are also auction houses that are dedicated to selling entire collections and unique pieces to expert collectors who are looking for specific coins, either because of their year of minting or because of the unusual overcut.
Although there is no official body in our country, different numismatic study groups are responsible for assigning a value and determining whether or not a coin is authentic. That’s why you can’t sell any coin you find in your granny’s chest.👵
prices of old mexican coins
The price of an ancient coin varies according to the characteristics that we discussed in the previous point and may be different as time goes by, however I leave you a list of the price of some of them.
The “horseweight”. It is a one peso silver coin that was minted (manufactured and put into circulation) in 1913, that is, at the time of the Revolution and is commemorative of the first centenary of Independence. It has a value that can range from $34,000 MXN up to approximately $80,000 MXN. It is one of the most valuable thanks to the fact that they are scarce.
Centennial 50 gold pesos. It is one of the most well-known and sold coins, even in gold houses in our country. It was issued from 1921 to 1931 and was made of gold as it was the most valuable common form of payment. Being made of this metal, its price varies each year, but in 2022, its value is approximately $42,500 MXN.
Hidalgo 10 gold pesos. This coin was minted in 1905, has the bust of Hidalgo on the reverse and the nation’s coat of arms on the obverse. It is one of the most sought after coins and its value can range from $7,000 MXN to the $10,000 MXN.
Aztec 20 pesos gold. Another gold classic is this coin minted in 1905. This piece can be sold for a price between $14,000 MXN and the $20,000 MXN.
Oaxaca provisional coin of 60 pesos. This is one of the most coveted coins by collectors and numismatic specialists due to the history it represents and its scarcity. It was minted in 1916 in Oaxaca after in 1915 this entity declared itself a Free and Sovereign State independent of the rest of the Mexican Republic.
This coin can be seen for sale on eBay with a value of $150,000. Definitely a piece for collectors of the highest level.
Where do they buy old coins?
Your old coins can be bought in different places like:
- some banks
- auction houses
- numismatic houses
- numismatic collector sites
- Pawnshops
- Houses of gold and silver
- Specialized internet sites
Some of these places buy by the piece and others buy entire collections of specific coins. So I recommend you first ask and investigate the possible value of all your numismatic collection.
Where can I sell old Mexican coins?
You can do it directly in the shops mentioned above. This can be useful for you to receive extra money in a simple and fast way, but if what you are looking for is to enter the business of buying and selling coins, the option is to enter websites where, in addition, you can learn more about numismatics, belong to to groups of collectors and meet people interested in this practice.
Some websites to sell old coins are as follows:
In some cases you will have to pay a membership to be able to access events such as auctions and sales of exclusive collections; however if it is something you want to learn, it may be worth it.
In addition, you can choose to open your own where you also sell other types of collector’s items that go with the public interested in ancient coins.
Tips for selling old coins
Now that you have read more about how to sell old coins, either Mexican or from, I will give you some tips that different experts provide and that I have collected from various sites so that you can achieve better sales.
- Get good advice from numismatic specialists about the value of your coins but if you can, do not sell them directly in the numismatic house. They may offer you a lower payment.
- List coins similar to yours on different sites to get an idea of ​​the value at the time of your sale.
- Keep your coins in the best possible condition.
- If you are going to sell them online, take professional and good quality photos.
- Use clear descriptions where you highlight the most important characteristics such as date, material, historical value, etc., always giving true information.
- Create a strategy. If you have complete commemorative collections it may be a good idea to sell separately if a particular one is hard to come by. Everything will depend on each collection.
Depending on your needs and interests, you can apply these tips, which is always recommended to be well informed and get advice to make a better sale.
conclusion
The world of ancient coins has everything to be exciting and surely you can learn about history, economics and social issues if you delve into it. Without a doubt, starting your own business that has to do with numismatics is a good idea and you can start selling old Mexican coins or any other item for collectors by opening your own online store with Tiendanube. We give you to build your online business. Seize it!
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