Selling Coins Online: What Coins are in Demand?

11 min read

Buying and selling have gone in an entirely new direction with the introduction of 21st-century technology and the internet. Many people now sell their products and services in an online setting.

And they aren’t just buying and selling software and technology. One of the most exciting sectors of the online marketplace has been the increasing accessibility of collectibles to a wider audience. And chief among popular collectibles are coins. Selling coins online is a lucrative business if you have a good grasp of the coin market, and a little ecommerce know-how.

Research from auction houses shows that lucrative sales of rare coins are on the rise, with the numbers climbing up to the seven figures range. This implies that the coin market is healthy, as indicated by the Professional Numismatists Guild (PNG).

We’re here to talk about what coins are in demand, and how you as an entrepreneur can meet these demands by selling to online buyers. 63 percent of shopping journeys begin online, and this makes online sites a lucrative option to consider for selling your products—whatever they may be.

Selling Coins Online

If you’ve ever dreamed of selling coins online, this is the perfect time to try it out. One of the best ways to locate buyers for your coins is to take them online. And with the plethora of advantages offered by Ecwid as an ecommerce platform, you will automatically open up your coins to a wider audience. You also have the opportunity to close deals much faster, through online payment gateways and automatic shipping calculations.

Another reason to take your coins online is in case of rare coins (those for which it could be difficult to find the right buyer), the online marketplace can be a great way to get your coins out there for potential buyers from around the world to see. Selling coins has never been easier because of the wide variety of options available to validate them- as you can also launch your store and sell everywhere, anywhere, anytime.

What Precious Coins are in Demand?

Silver and gold American Eagles generally take the top spot on the average list of most wanted coins, at least in the English-speaking world. That means, if you happen to have one for sale, you shouldn’t have too much of a problem finding a buyer, especially in an online setting. But if that’s not expensive enough for you, here’s an inspiring tale: the most expensive coin ever sold is the Flowing Hair dollar which is worth $10,016,875. Brasher Doubloon and 1933 double eagle come next in second and third positions and are respectively worth $7,400,000 and $7,370,000.

You’ll notice that these coins are not exactly ancient. In fact, most of the most lucrative coins sold at auctions were not minted in Homer’s era, but rather between the 16th and 20th centuries. Though that’s not always the case: the top 100 charts of the most valuable coins ever bought or sold indicate that certain showstopping dinosaurs, like Decadrachm sold for $2,918,000 in 2012, are still worth more than their weight in gold!

But just because a coin is rare and expensive doesn’t mean that the only place you can find one is in a museum. It’s easy to find and sell rare coins out in the world, and one way for the coin enthusiast to become a lucrative coin monger is to sell coins online, with a little help from Ecwid.

Based on demand and value, the following coins are the most in-demand and can be sold online through your storefront.

Now any collector can sell coins online. The most sought-after coins, based on demand and value, are 1822 Half Eagle, 1796 Liberty Cap Cent, 1838- O Half Dollar, 1344 Edward III Gold “Double Leopard” Florin, 1829 Capped Head Left Half Eagle, and 1794 Liberty Cap Half Cent.

1822 Half Eagle which was just sold at auction for $8.4 million. The coin had roughly 18,000 of the $5 coins minted in the 19th century- 1822 to be specific- but there are only three of them in existence as of today. While there is nothing spectacular about the coin- as it is not a commemorative coin, its nature as a rare coin makes it valuable. The most valuable in the world.

1822 Half Eagle

1796 Liberty Cap Cent which was sold at auction for $705,000. The coin was produced in 1796 and struck from a variety of obverse dies and while many of the 100 thousand coins minted since the time still exist as of today, only a few of them are of high quality and the gem state is the finest survivor.

1796 Liberty Cap Cent. Image source.

Others are 1838- O Half Dollar, 1344 Edward III Gold “Double Leopard” Florin, 1829 Capped Head Left Half Eagle, and 1794 Liberty Cap Half Cent. The expensive ones are Bust Dollar- Class 1- Dexter-Poque Specimen which costs $3.8 million, $1 million Gold Canadian Maple Leaf ($4.02 million), Silver Dollar Class 1- 1804 (The Watters-Childs Specimen which costs $4.1 million), Liberty Head Nickel- Morton-Smith-Eliasberg ($4.5 million) among others.

How to sell coins online with Ecwid

One way to make sales on heritage rare coins across the world is by creating your coin store online with Ecwid. Thanks to the internet, the business of coin collecting and selling has gained huge traction because any collector can now visit specific ecommerce sites and exchange their treasures with others. They can also find out the news related to their precious metals right from their homes.

Gone are the days when numismatics was solely a hobby. Over the past 20 years, it has increased in popularity as a full-fledged business. This is why any aspiring coin store owner should understand the value of coins and be able to identify which coins are in demand. And you cannot hope to achieve this without certain fundamental skills, which can be difficult to develop.

To identify the coins in demand, ascertain the preferred denomination and search online to figure out what they are. You can also visit coin shows to determine what sellers and buyers need. Now that you have found the rare coins and gotten appraisal for them from Professional Coin Grading Services and Numismatic Guaranty Corporation, consider taking them online because it is one of the best options to exploit.

The central idea of introducing Ecwid for selling coins online is to cater to the potential troubles of doing e-commerce yourself, particularly if you do not like to go the direct selling way. It is easy to sell coins through the platform because the option is free, and the e-commerce shopping cart feature is loaded to help build your business and connect with customers globally.

It doesn’t matter what coins you are selling- be it antique collections, rare currency, or mint pieces, you will be able to set up and manage your online store. Ecwid works with major website hosts and other CMS to enhance embedding new tools to your website and ensure seamless integration of the plugins to your website for express delivery of services of online coin selling.

To wrap it up, before the internet and ecommerce were big business, the brick-and-mortar approach of buying and selling products sufficed and you did not need to own a storefront. But with the different apps and selling websites available these days, making cash from selling anything—including rare coins—has become both possible and profitable.

Conclusion

It is mind-blowing to think a coin worth $1 in its time could be worth millions of dollars today. But that is just one of the treasures that awaits a blossoming coin enthusiast. And in order to buy a coin, someone has to sell it! So, if you’re a person with a coin collection, now’s your chance to sell your coins online. To succeed in this business, you will need to focus on specific rare coins with the highest demand on the market. But to get started, all you need is an ecommerce platform that is easy to use! That way you can make a website to sell through and voila! You have a home for your fledging coin business. A place for coin fans, where you can sell without commissions and transaction fees, and keep your costs reasonable.

There are varieties of options to sell coins online, but we recommend an ecommerce platform like Ecwid. You can make use of its distribution channel because of its in-built audience feature. By creating your online store to collect coin maniacs, including promos and exclusive deals, a website allows you to harvest emails for advertisement and run engaging campaigns. Synchronizing your website with Ecwid will also enable you to improve your selling capacity to a very large extent. Already have a website? No problem! Install Ecwid as a shopping cart plugin and you’re good to go!

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Apr 26, 2021

About the author

Max has been working in the ecommerce industry for the last six years helping brands to establish and level-up content marketing and SEO. Despite that, he has experience with entrepreneurship. He is a fiction writer in his free time.