How can you sell your old coins and currency notes?

Answer 1

you can sell your old coins and currency notes for obscene amounts of money on eBay, amazon, or any other trading sites. you are almost guaranteed buyers for this kind of hobby.

BUT ...It's not that simple. It's extremely important for you to know the values of your items so that you don't go too high or too low in setting your prices. You should look at numismatic sites such as PCGS and Numismedia to see what current retail values are, and compare these to average prices being asked on the trading sites.

It's also important to have the items graded honestly so that a buyer doesn't come back later accusing you of inflating an item's quality. Grading is a somewhat subjective art / science, especially for higher quality items. If you suspect that something you have is rare, it should be authenticated by one of the major grading services. Whatever an appraisal costs, you'll make it back when you sell because you'll be able to set a price that has a foundation under it.

It can also be critical to have an item appraised to make sure it's real. The market has been inundated with fakes over the last 2 or 3 decades. These turn up on auction sites all the time, often because the sellers themselves didn't realize they'd acquired a counterfeit. Dollar-sized coins are a favorite of fakers because they're very popular. Many come from the Far East - I've run into a few service personnel who were stationed in the Philippines or (years ago) in Viet Nam who bought "extremely rare 1804 dollars" from a vendor who "had found an unknown hoard". When examined up close they were nothing but cheap knock-offs. Bottom line, if you think you have a rare coin you want to protect yourself against someone siccing an attorney on you.