FAQ for Sellers

Yes.  We have two appraisal options to choose from; a verbal appraisal and a written appraisal.  Regardless of the option you choose both include a professional evaluation by one of our qualified staff numismatists.

Our most frequent and popular appraisal option is our free 15-20 minute verbal appraisal.  Your coin or (limited) collection is evaluated and a verbal and approximate current market value is given.  In those cases, where one is not able to physically visit our Bloomington, MN location we provide mail-in services and  professional numismatic evaluations over the Internet as well.  Just send us high-resolution obverse and reverse photographs to info@CoinsOnLine.com and we’ll respond in a timely manner.

Our written and dated appraisal option is generally needed in those cases where an estate, trust or an insurance matter requires a more formal evaluation and a written appraisal report to be completed.  Our professional numismatic research and appraisal services including a dated and written report are charged at a per man hour hourly rate/fee.  Written appraisal values can be provided in two ways:

• Liquidation Value:  The prices indicated represent the prices American Rare Coin would pay at the time the appraisal is completed.  At that point in time if American Rare Coin were to purchase the collection any and all appraisals fees would be waived.  A sliding fee scale is used if American Rare Coin were to later purchase the collection within a reasonable timeframe.
• Replacement Value: The prices indicated represent what the Client could reasonably expect to pay to replace the items with same or similar items.

Generally speaking our appraisal processes really depend upon the type of product(s) involved be it collector and rare coins, currency or all forms of precious metals including gold, silver, platinum and palladium, the amount of product involved and most especially whether or not there is a need for a formal and dated written appraisal.

Contact us today and we’ll be happy to evaluate your coin or collection!

We will issue you a company check at the time you decide to sell.

If you sell us your item(s) in person and at our store – you’ll receive a company check on the spot!

If you elect instead to mail your item(s) to us using our popular Mail-In Option, we will issue you a company check within 24 hours of our confirmation of receipt and evaluation.

For larger transactions payments are also available via wire transfer – a small fee shall apply.

Upon receipt of your shipment we open your package(s) and lock in the spot price(s) at that time.

We’ll contact you via telephone confirming our receipt; we’ll confirm the spot price(s) and we’ll discuss with you the details of your pending transaction.  If at that time you decide to sell, we’ll issue a Confirmation/Purchase Order Number to confirm our purchase.  We’ll then send you a company check or for larger transactions, we’ll transmit funds to you via wire transfer for a small nominal fee.  It’s your choice. It’s that easy.  See our popular Mail-In Option here.

If you decide not to sell – no problem.  The decision to sell or not to sell is entirely up to you. No pressure.  No questions asked.  If we cannot agree on a price for instance, we will immediately return your product to you at our cost.  If you sent your product(s) to us via the U.S. Post Mail Service (USPS) we’ll return your product(s) to you Registered and Insured via U.S. Post Mail Service and at our full and complete expense.  We are that confident in our pricing – seldom are we asked to return product to a prospective seller!

Most always, yes!  These types of outfits are often referred to as “road buyers” within the industry.  Here today, gone tomorrow…  Typically, a road buyer will pay only a fraction of the prices we pay.  The full page color ads they run in the newspapers can cost upwards of $10,000, even $100,000!  They travel with a crew of people, they rent a hotel room and they blanket the area with loud and nebulous proclamations of “top dollar” and “highest prices paid” and they incur large expenses along the way.  For them it’s a volume play, pay less and move quickly from town to town.  From an economic standpoint, they simply can’t afford to pay the prices that we can pay.  Worst of all, they are again, here today and gone tomorrow.  If they see something rare and of value within your collection, the chances that they will point it out to you (and pay more for it) are very slim.  American Rare Coin has been at the same great location in Bloomington, MN for over 20 years and we have over 200 years of numismatic expertise on staff.  We’re not going anywhere – we live here!  And with our great mail-in service it’s even easier to do business with us!