There are several options available to sell your pennies for money. Here are some of the best places to consider:
1. Online Marketplaces:
– CoinsForSale.com: This platform charges only a 5% fee to sell your coins and has no listing fee, making it a cost-effective option.
– eBay: Although eBay charges a higher fee of 12.35% plus an additional $0.30 fee, it is a widely recognized platform with a large customer base, increasing your chances of finding potential buyers.
– Modern Coin Mart: While they do not pay you until after you have sent them your coins, they are reputable and have a dedicated customer base.
2. Auction Houses:
– Heritage Auctions: They offer a consignment program where they handle the sale of your coins for a 10% fee. This can be a good option if you have rare or valuable pennies that may attract collectors.
3. Precious Metals Dealers:
– Apmex: Although they are well-known in the industry, it’s important to note that they won’t pay you until after you have shipped your coins to them.
When selling your pennies, it’s crucial to consider factors such as fees, payment terms, and the reputation of the platform or dealer. It may be worth exploring multiple options to maximize your chances of getting the best price for your coins.
In my personal experience, I have had success selling coins on online marketplaces like eBay. The wide reach of the platform allowed me to connect with interested buyers and negotiate a fair price. However, I also understand the appeal of working with reputable dealers like Apmex or Heritage Auctions, especially when dealing with high-value or rare coins.
Ultimately, the best place to sell your pennies for money will depend on your specific needs and preferences. It’s important to research each option thoroughly, compare fees, and evaluate their reputation before making a decision. Additionally, consider reaching out to fellow coin collectors or joining online forums to gather insights and recommendations from experienced sellers.