Old coins can be valuable treasures, both in terms of their historical significance and their worth in the collector’s market. Cape Town boasts several reputable companies that specialize in buying and selling old coins and other precious metals.
Some of the best places to sell old coins in Cape Town include Gold & Finance, The Scoin Shop, Cape Gold Coin Exchange, City Coins CC, and The Alphen Antiques and Collectables.
Where To Sell Old Coins In Cape Town?
1. Gold & Finance
Gold & Finance has been a market leader in the collateral financing and coin-buying industry in Cape Town for many years. It is a place where you can sell old coins in Cape Town. They have extensive knowledge and expertise that is required to satisfy a vast variety of clients.
At Gold & Finance, they offer a hassle-free experience and take pride in their excellent customer service. When you sell your old coins to Gold & Finance, they will first evaluate your coins and give you an estimate of their value. They take into account the rarity, condition, and historical significance of your coins, as well as the current market conditions.
Once they have given you an estimate, you can decide whether or not to sell your coins to them. If you choose to sell, they will pay you a fair price for your coins, and you can walk away with cash in hand.
2. The Scoin Shop
The Scoin Shop is a retail division of The South African Gold Coin Exchange and is the only retail chain of its kind in the world. They make purchasing gold coins and medallions much easier and readily accessible to the public. They offer a variety of coins for sale, and they specialize in Krugerrands, which are gold coins that are minted by the South African government. They also sell other rare and collectable coins from around the world.
The Scoin Shop also offers a consignment service for sellers who want to get the best possible price for their coins. With this service, you can list your coins for sale on their website, and potential buyers can view them and make offers. The Scoin Shop will handle all the logistics of the sale, and you will receive a percentage of the final sale price.
3. Cape Gold Coin Exchange
Cape Gold Coin Exchange was established in 1977 by the current managing director, Cliff Johnson, and has been trading gold and precious metal coins ever since. The company specializes in trading the famous Krugerrand, as well as all world gold and precious metal coins.
With over four decades of experience, Cape Gold Coin Exchange has become a trusted name in the coin trading industry. The company’s process for buying old coins is straightforward. Customers can either visit their store in Cape Town or send their coins by mail for evaluation.
Cape Gold Coin Exchange uses internationally recognized grading standards to evaluate the coins’ condition and determines their market value based on the current market conditions, including supply and demand, gold price, exchange rate, and the need for the seller to obtain a sufficient margin to cover its costs in reselling such goods that may be bought back.
4. City Coins
City Coins is a member of the SA Numismatic Dealers and specializes in buying and selling Krugerrands, gold and silver coins, and campaign medals. They deal with customers on a personal level, and their relationship is based on trust.
City Coins uses a rigorous process to evaluate old coins before purchasing them. They inspect the coins for authenticity, condition, and market value based on current market conditions, including the price of gold and other precious metals. Once the coins are evaluated, they offer customers a fair price based on the coins’ market value. Customers can then choose to accept or decline the offer.
In addition to buying and selling coins, City Coins also offers a range of services, including coin grading, restoration, and conservation. They also offer appraisals for insurance purposes and can assist customers in building a coin collection.
5. The Alphen Antiques
The Alphen Antiques and Collectables is located at the Alphen Centre in Constantia Main Road, Constantia, Cape Town, and has been a prominent player in the old coin exchanger industry for over ten years. They specialize in valuations and also sell valuable and rare items on consignment for many private and anonymous clients.
If you are looking to sell your old coins, you can approach the experts in the market for a free valuation, which will help you determine the actual worth of your coins.
Alphen Antiques and Collectables also has a team of experienced professionals who have vast knowledge and expertise in the coin industry. They are always ready to help clients make informed decisions about their coins and will offer the best advice on whether to sell or hold on to your coins for a better price in the future.
If you are looking to sell your old coins in Cape Town, you have a variety of options available to you. From specialized dealers like Cape Gold Coin Exchange and City Coins CC to retail stores like The Scoin Shop, there are plenty of reliable and trustworthy businesses that will offer you a fair price for your coins.