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Who buys old money?

Updated: 9/16/2023
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14y ago

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Old money is usually purchsed by coin dealers, collectors and companies who buy coins and jewelry for metal content. If you have old money to sell you will probably get a better price from a collector than from a dealer. The reason is this; a coin dealer, or other company, buys with the expectation of reselling for a profit and thereby must pay as little as they can, whereas a collector will buy with the intentions of keeping the coin or currency for a long period of time. For the right coins the collectors initial cost can even be higher than the going market price because as time passes the value of the coin increases and eventually surpasses the price paid for it.

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14y ago
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