Where to Sell Rare Coins | Rare Coin Buyer – Las Vegas, NV
Sell Rare Coins
The majority of the coins today are used as currency or legal tender. They are issued by the government, minted in standardized weight, and are mass-produced. However, some coins that are no longer in circulation are considered rare and highly valuable. These coins have a very high numismatic value and are bought and sold at high prices. Coins change over time, and the old ones become rare. You can find rare coin dealers and collectors who spend most of their time admiring the history that comes with coins. If you have a rare coins collection, this article is the perfect way to learn about how to sell rare coins and where to sell rare coins. You will also find more about Nevada Coin Mart, a rare coin buyer that gives the best price for the value of your rare coins.
The use of coins as a means of payment was first introduced around the 6th or 5th century BC. However, who invented coins is still relatively unknown. According to the Greek writer Herodotus, Lydians were the first to mint coins in the form of electrum coins—an alloy of gold and silver. Meanwhile, Aristotle claimed that the wife of King Midas of Phrygia, Demodike of Kryme, was the first to mint coins. However, numismatists believe that the first coins were produced on the Greek island of Aegina, possibly by King Pheidon of Argos or local rulers.
Several Greek cities such as Aegina, Samos, and Miletus produced coins for the Egyptians by way of the Greek market post of Naucratis in the Nile Delta. Historians also note that when Cyrus the Great of Persia defeated king Croesus and invaded Lydia in 546 BC, coins were introduced to Persia. Even though Lydia was invaded, its lion-and-bull coinage was still being minted.
Meanwhile, during China’s Qin dynasty from 221-207 BC, the first gold coins were standardized. After the collapse of the Qin, Han dynasty emperors added two more currencies—silver coins and deerskin notes. Deerskin notes are considered the predecessor of paper currency. Coins have obviously come so far, but there’s something about coins that bring us back to these historical times. Some collectors are eager to acquire certain pieces that are hard to find, which is why selling rare coins can now earn you a little bit of cash.
Famous Rare Coins
Here are some of the top rare coins that are worth noting.
1933 Saint-Gaudens Double Eagle
At the height of the Great Depression in 1933, President Franklin D. Roosevelt pulled the country out of the gold standard and rescinded all gold coins for melting. However, about a dozen coins never made it back to the Mint. Instead, they were said to be smuggled by opportunistic employees. One of the said coins reappeared in 1992 and was seized by the Secret Service.
1804 Draped Bust Dollar
In 1834, the Jackson administration wanted to give coin sets to foreign dignitaries. However, silver dollars were no longer being minted for the past 30 years. As a result, the US mint was ordered to produce eight silver dollar coins just for the occasion, and the coins were dated 1804. Selling rare coins like these can earn you probably around one million dollars today, but they’re very difficult to come by.
1861 Confederate States Half-Dollar
In 1861, the Confederate States took over the New Orleans Mint. However, without an inventory of precious metals, the South chose paper money over coinage to fund their war efforts. A few Confederate coins—cents and half-dollars were minted during this time, and they were mostly unknown until after the civil war when the coins began appearing in private collections.
1974 Aluminum Penny
In the 1970s, the price of copper was rising, and the cost would be the same as producing the one-cent coin. As a result, the US Mint tried using alternative materials such as aluminum. The Mint sent over aluminum pennies as a sample to some VIPs, but they never recovered.
1913 Liberty Head Nickel
The Liberty Head Nickel is a numismatic legend. The coin was originally retired in 1912; however, five coins were minted in 1913 with the iconic Liberty Head design. All the minted coins were in possession of one man. The coins were sold decades later to a collector.
How to Sell Rare coins
Rare coins are extremely valuable. So if you plan on selling your rare coins, the best option is to go to a local coin store to have them evaluated. Nevada Coin Mart is by far the best among all rare coin dealers in Las Vegas, NV. Nevada Coin Mart will thoroughly evaluate and analyze your rare coin to ensure that you get the best price. But if you can’t come to our store, you can send us a photo of your coin by clicking here. And our coin experts will be happy to assist you.
Where to Sell Rare Coins
The best place to sell your rare coins is at Nevada Coin Mart. With more than two decades of experience, Nevada Coin Mart has proved to be the expert when it comes to dealing with coins. The Las Vegas Review-Journal also recognizes us as the 12-time winner of the Best of Las Vegas Awards.
Rare Coin Buyer
Nevada Coin Mart is the largest rare coin buyer in Las Vegas and Henderson, NV. Compared to other rare coin dealers, we give the best offers for any rare coin. We thoroughly evaluate and analyze your coins to ensure that you get the best prices.
For more information about selling rare coins, call us at 702-998-4000 or stop by our store at Jones Blvd in Las Vegas, NV 89103. We are available from 9:00 AM to 5:00 PM.