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How to buy coins in bulk

Updated July 19, 2017

Buying coins in bulk is a tried-and-true method for finding valuable collectable coins. Bulk coin collecting can be profitable once you learn about coin identification.

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Internet

Many dealers sell bulk coins through their websites. Research the dealer before making any online purchases. Do not forget to factor in the cost of shipping. Begin with small purchases--lots of 100 coins--to determine the dealer’s reliability and the coin quality.

Coin Shops

Buying from a coin shop dealer can be the safest method for purchasing bulk coins. Reputable dealers should be members of a professional association, such as the American Numismatic Association. Before buying, ask to see the dealer’s professional credentials. Buying coins face-to-face allows the buyer to handle the coins before purchasing, a benefit not possible through an Internet dealer.

Coin Shows

Coin shows are held all year long throughout America. You can see the coins before purchase and also pick up tips, make friends and make money. Sellers offer great deals towards the end of the show, as they want to make as much money as possible to cover their expenses. Buying and selling bulk coins is a side business at most coin shows, so be prepared to attend a few shows before getting in on the action.

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About the Author

Chuck Wheeler is a writer and editor currently living in Hangzhou, China. He serves as an editor and lead writer for a newspaper and magazine, and is also a novelist and poet. Wheeler graduated from Southern Illinois University. He began writing professionally in 1994 and has been published in the "Chicago Tribune," "National Lampoon," "In Touch" and various Chinese tourism guides.

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