You Can Now Get A Cash Loan for Old Coins

How Can I Get A Cash Loan With Old Coins?

You can begin the loan process by bringing in your old coins or sending them via UPS, Federal Express, or registered mail. There is a form on our website you can fill out at your convenience — and we will be in touch within 48 hours. All Colorado Coin Dealer loans are processed quickly and confidentially; as soon as the collateral is received it is meticulously appraised by experts.

Any additional or background information you have about your collateral will help aid the appraisal process; simply enclose any documents with your coin or collection. There is zero charge for the storage, handling, and appraising of your collection, and there are never any hidden fees. In the case of acquiring a loan using coins as collateral, you maintain complete ownership while the loan is still active. Keep in mind that interest rates will vary depending on how much your collection is worth, or how much value it has in the market.

The price Colorado Coin Dealers will pay is determined by the collectability and overall value of the metal contained in the coin. A large percentage of U.S nickels, dimes, quarters, half dollars, and silver dollars that were minted before 1970 contains real silver, and while we completely understand money doesn’t grow on trees, we think it can be grown from an old change jar.

If you’re needing a short-term loan, but aren’t wanting to sell your coins, you can also get a low-interest pawn loan. Sometimes traditional methods to get financing can be incredibly invasive, slow, and burdensome.

Since our loans don’t impact your credit score and we don’t require a minimum, contact us today and turn your old coins into a silver or gold-backed loan!

Why Should You Use Old Coins To Get A Loan?

A better question would be: Why sell your precious collection when you can use it as leverage to help you achieve your financial goals? If you’re thinking about using your coin or precious metal collection to acquire a hard asset loan — please don’t hesitate to contact us at (970) 247-9712, or at info@coloradocoindealers.com. We offer a safe and convenient way to use old and rare coins and precious metals for gold and silver-backed loans in 5 easy steps.

1. Contact Colorado Coin Dealers to determine your specific needs and what metal or coins you wish to use for collateral.
2. Colorado Coin Dealer specialists will educate and set you up in the KP Pawn mobile app where you’ll be able to take pictures of your collection and send them online.
3. After both parties agree on a loan amount, you have one of two choices: physically bring your coins in, or ship them via registered mail to Colorado Coin Dealers.
4. Once Colorado Coin Dealers receive the items to be used as collateral, a 4k security camera is used to open the package; we require the signature from multiple graders for each appraisal we do so you know your items are priced fairly and kept secure.
5. A 30-day loan agreement is written, requiring payment every 30 days. A cash loan can be given to patrons that bring in their collection, otherwise Paypal, cashiers check, or wire transfer will be delivered at your convenience.

If you want to get a cash loan or sell coins for a fair price, follow this link and fill out the form at the bottom of the page, and we will be in contact within 48 hours!

There are two main organizations that grade coins: The Numismatic Guaranty Corporation NGC, and Professional Coin Grading Services PCGS. The recent spike for silver and gold within the commodities market has made certain coins double in value. An American quarter that was minted between 1932 and 1964 will now be worth over $2.50 for just the silver content alone; if it was also a rarely minted coin— it would be worth much more than that. And don’t forget about foreign coins; the same can be true with coins minted from countries like China, Canada, and Australia. The metal contained in them could make them worth more than face value, so it never hurts to check!

Another type of coin that would be worth more than its face value would be a commemorative coin. These may or may not have numismatic value (can’t be used in a store), but they’re typically worth more than their weight in gold or silver because of their intrinsic value. Usually, commemorative coins are made by official governments or recognized banks that don official markings that assure you they have value based on its precious metal content. So, before you disregard all your loose change — it may pay off to take the time to find out if that nickel is worth more than a measly five cents.

Takeaway

The Colorado Coin Dealer family provides hard assets, low-interest coin, and precious metal loans that are collateralized and we provide a customized appraisal process that gives you the best loan to value (LTV) and interest rate possible. We guarantee that no one will appreciate and respect your precious metal or rare coin collection the way we do. There are zero risks concerning the safety of your items and credit rating; making us the fastest, safest, and most confidential coin dealer in the state. Our loans on silver, gold, and rare coins are discreet and straightforward and don’t require a credit check. Once you understand the buy/sell range regarding paper money and rare coins, it makes a ton of financial sense to leverage and retain their value instead of sleeping on it or selling it. Once you sell them, they’re gone and you can’t continue to use their intrinsic value for currency; which isn’t the savviest financial decision. Valuable and rare things are hard to replace — which is why they’re rare in the first place. Before you decide to sell these little money makers and find yourself in a financial pinch, consider getting a loan for them first!

Email info@coloradocoindealers.com, call us (970) 247-9712, or follow the link and fill out the form at the bottom of the page to get a loan quote and free appraisal today!