If you have some old Philippine coins lying around, you might be wondering how to sell them and make some extra cash. Here are some tips to help you get the best deal for your coins.
1. Know your coins.
Before you sell your coins, you should identify their type, date, mint mark, condition and rarity. You can use online guides, books or catalogs to help you with this. Some of the most popular and valuable Philippine coins are the US-Philippine coins (1898-1946), the Spanish-Philippine coins (up to 1898), the Flora and Fauna series (1983-1994) and the commemorative coins (1946-now).
2. Research the market.
You should check the current prices and trends of Philippine coins in the market. You can use online platforms like eBay, Carousell or Facebook groups to see how much other sellers are asking for similar coins. You can also visit coin shops, auctions or shows to get an idea of the demand and supply of Philippine coins.
3. Clean your coins carefully.
You should never use harsh chemicals, abrasives or metal polish to clean your coins, as this can damage their surface and lower their value. You should only use a soft cloth, water and mild soap to gently wipe off any dirt or dust. You should also avoid touching your coins with your fingers, as this can leave fingerprints and oils that can tarnish them.
4. Grade your coins professionally.
If you have some rare or high-value coins, you might want to get them graded by a professional coin grading service like PCGS, NGC or ANACS. This will give you an official certification of your coin's authenticity and condition, which can increase its value and appeal to buyers. However, grading can be costly and time-consuming, so you should only do it if you think it's worth it.
5. Sell your coins wisely.
You should choose a selling method that suits your needs and preferences. You can sell your coins online through websites like eBay.ph, Carousell.ph or Facebook groups, where you can reach a large number of potential buyers, but you also have to deal with shipping, fees and scams. You can also sell your coins offline through coin shops, auctions or shows, where you can get instant cash and negotiate in person, but you also have to travel, pay commissions and compete with other sellers.
BONUS TIP: The price of a coin is ultimately the price that both you and the buyer are willing to accept. In short, it depends on how quickly you want to sell the coin, and how badly buyers want it.
What are your own tips and experiences? Share them in the comments!
