The Importance of Selling Coins & Bills to a Reputable Antique Dealer

Are you looking to sell your rare coin, rare coins collection, or rare paper bills? Then you need a coin buyer in New York City and Long Island who can accurately appraise the value of your gold coins or silver coins and offer you the full market value on the spot—like Syl-Lee Antiques.

Indian Head Gold Coin

The beginnings of rare coins collecting

Collecting rare coins is a time-honored tradition that dates back to antiquity. According to the ancient Roman historian Suetonius, Emperor Augustus collected foreign and old coins and frequently gave them to his friends. Moreover, there have been multiple instances of archeologists uncovering stashes of gold and silver coins of which no two were the same—indicating that they were, in fact, coin collections.

Gold Eagle Coin 1999

How rare coins are valued

Rare coins are valued based on their precious metal content, and/or their condition, scarcity, grade, and demand. Bullion, including bullion coins, is solely valued based on the weight and purity of the precious metal it contains.

20 Dollar Gold Eagle Coin

U.S. gold coins and silver coins

When the Coinage Act that prevented the free coining of silver was passed in 1792, a national mint was established in Philadelphia. In addition to the copper half cent and cent, the silver half dime, dime, quarter, half-dollar, and dollar were put into production, as well as the gold quarter eagle, half eagle, and eagle.

U.S. coins that were produced during the 18th, 19th, and early 20th centuries are beautifully designed and feature relatively pure grades, such as the $20 Saint-Gaudens gold double eagle coin. Some of these coins are extremely rare and therefore incredibly valuable.

Morgan Silver Dollar Group

Over the years, multiple 1-ounce gold and silver U.S. coins have been produced, including the 1 Troy ounce American Eagle gold coin and 1 Troy ounce American Silver Eagle coin, which were first minted in 1986. There are also other notable coins, such as the Morgan silver dollar—initially produced in 1878 as the first silver dollar after the passing of the Coinage Act—as well as the Peace dollar coin, Liberty gold coin, Seated Liberty half dollar coin, Indian Head coin, and the American buffalo coin—a 24-karat bullion coin.

Rare paper money bills

Although paper money hasn’t been around for as long as coins—at least, outside of Asia—there are still some U.S. paper money bills that are rare enough to be collectible. Examples include the $1,000 bill and the $10,000 bill, as well as the $5,000 bill, of which there are fewer than 400 in existence.

1000 Dollar Bill 1934

Get cash for your rare coins or paper bills

At Syl-Lee Antiques, we understand that if you’ve poured your heart and soul into your coin collecting pastime for years, it can be difficult to have to part with your collection. That’s why our numismatics experts are available to come to your home and carefully examine your collection in order to provide you with a quote. If you decide to sell, we’ll offer you cash in hand and discreetly carry your items out without any of your neighbors being any the wiser. To learn more and to make an appointment, please reach out to us at (212) 366-9466.

Syl-Lee Antiques — NYC Antiques Buyer
Call us at (212) 366-9466 to schedule your in-home antique evaluation or contact us via email.