Many people decide to sell coins or old jewelry for various reasons. Some are simply getting rid of things that they no longer need or use, and also happen to profit from their efforts to reduce clutter. Others are selling coins and other valuables to help pay for big ticket items, such as a big screen television or a car.
Parents who need money for college tuition have opted to sell sterling silver and been able to give their children the gift of avoiding student loan debt. Some people sell coins, or other valuables to help pay living expenses. For those who are interested, there are many options such as coin dealers, antique jewelry buyers, and places to sell gold, coins, or gold coins, as well as other valuables.
Contrary to popular belief, dealers who buy and sell coins are not the same as pawn shops. They are two completely different things. Pawn shops are in the business of loaning money, and taking an item that is worth much more than the amount of the loan as collateral. If the loan is paid back, with interest, in the required amount of time, the valuable item is returned to its owner.
Coin dealers sell coins, and many also sell gold, jewelry, silver and other valuable or collectors items. The dealers also buy these items, and at a competitive price. If you take a gold watch to a gold dealer, they may offer you as much as 80 to 90 percent of the market value. You do not have to pay them back, but they do get to keep the watch.