Modern coin smart
This one also has a business model similar to a pawnshop. Send in your coins, and they’ll send out payment a few business days after receiving your coins. Then they’ll resell your coins for more than they paid you.
But there’s an even bigger issue than that.
You’re sending them all your coins before getting paid. Can you think of a business that would take that risk? Probably not.
They don’t have a minimum product value, but if your coins are worth less than $3,000 you only have the option to receive your payment via check. Which means more waiting for you.
While Apmex negotiates a price with you before they see the coins, (Although you still don’t get paid until after they receive them) MCM doesn’t negotiate price until after they receive your coins. Of course, that means you still have to send them your coins before you even know how much they’re going to pay for them. You’re gambling on them to fairly and accurately price your coins for you. (Remember, they have to resell your product to profit on it. The lower price they give you, the more money they make)
Pros
- Almost guaranteed to sell your coins.
- Can be good for one or two high value coins.
- Don’t have to list any coins yourself.
Cons
- Trusting somebody with all your coins before they pay you.
- Sales under $3000 must be paid by check, which means even longer
until you get your money.
- They need to resell your coins to profit. You may get a lower price than
