Selling an old coin collection can be intimidating. Many sellers fall victim to scams or accept lowball offers because they do not understand the market. Here is how to do it right in Bangalore.
1. Do Not Clean Your Coins
This is the golden rule. Cleaning old coins reduces their numismatic value by up to 90 percent. Collectors want the original aged patina.
2. Catalog Your Collection
Before approaching a dealer, list out what you have. Note the year, denomination, ruling monarch if applicable, and any visible mint marks.
3. Beware of Online Scams
Be cautious of individuals on social media offering lakhs for a common coin but asking for a registration fee first. Legitimate coin dealers never ask you to pay to sell your coins.
4. Visit a Trusted Dealer
M.K. Pokkisham is one of Bengaluru most trusted numismatic dealers. We offer transparent market-based valuations for genuine antique coins, British India coins and rare currency notes.