Bulk Coins
Newcastle Coin Dealers’ bulk coins UK is your coin supermarket. Farthings, pennies, sixpences, and many crowns can be bought from the website and payments can be made with PayPal, which is free, and secure.
The shop wants to buy bulk coins and notes for its stock. If you have an accumulation of coins in a draw or are a regular recipient of bulk lots then we would like to hear from you. So, please email us at newcastlecoin@outlook.com, telephone 07939 999286, or visit us at 7 Nile Street, North Shields, NE29 0BD.
Frequently Asked Questions
Are the bulk coins sold by Newcastle Coin Dealers all different?
No, because there is a significant date duplication. We do not attempt to count the number of coins from each date in a ‘lot’ and the number of duplicates will vary from ‘lot’ to ‘lot’.
The bulk coins UK website contains more frequently asked questions.
Definition of bulk coins
Bulk refers to a large quantity of coins, often purchased at a discount from a bullion dealer.
These bulk coins are often transported in large bags or boxes. Bulk bags often contain different coins in a mixture of denominations. They are bought and sold by investors, businesses, and collectors.
Investors can buy the coins to exploit the changing price of metals. This is because when the price of metals goes up, the value of the coins also goes up. Businesses use the coins for multiple transactions, such as in amusement arcades. Whereas, collectors buy the coins to add to their collections or to search for rare items.
Bulk coins can be bags of 500 or 1000 pennies or boxes of silver pennies or gold coins. They can be purchased from coin shops, banks, and increasingly online retailers.
Factors to consider when buying or selling bulk coins
The number of coins in the bag
Collectors need to know how many coins are in the bag, before buying or selling. The number of coins will determine the value of the bag. Also, if the collector knows the number of coins then it is easier to negotiate a fair price.
The coin’s condition
The coin’s condition affects its value. If coins are damaged or worn, then their worth is reduced.
The spot price of the metal
The metal’s spot price is the current market price of the metal, from which the coins are made from. Collectors need to be aware of coin price volatility as prices can fluctuate daily. They want to avoid exploitation and make sure they receive a good price. Investors can learn more about the spot price using this link.
The fees associated with buying or selling
Dealers normally charge fees for buying or selling coins. Before purchasing or selling, investors need to be aware of these fees so that they avoid being over charged.
Definition of a coin dealer
A coin dealer is a specialist who buys, sells, and trades coins. Coin dealers are knowledgeable about the history, rarity, and value of coins. They often specialise in particular types of coins, such as commemorative coins or error coins (see below). Coin dealers operate in traditional shops, internet marketplaces, and auctions. They can work with auction houses and grading services.
If you are considering buying or selling coins, then choose a reputable coin dealer. It is useful to assess the dealer’s credibility using online reviews and recommendations from other coin collectors. Coin dealers offer services such as appraising coins, authenticating coins, buying and selling coins, grading coins, restoring coins, and selling coin supplies.
Buying in bulk
The word “bulk” often describes the size or volume of, say, a large quantity of coins. The term bulk coins refers to buying in large quantities and not separate coins. Bulk buying, in this context, is about purchasing a large number of coins often at a reduced price per unit. The motivation for bulk buying is to achieve lower per-unit prices. However, bulk purchases require enough storage space to accommodate the larger quantities of coins.
Error Coins
An error coin is a coin that shows an unintended defect or anomaly in its manufacture. These errors can occur at various stages of the production process, from the preparation of the planchet, the blank metal disc, to the final strike of the coin. Error coins can have minor imperfections or major anomalies making them valuable to collectors.
Types of Error Coins
The clipped planchet is a coin that is missing a portion of its rim due to the planchet being inaccurately sized or fed into the minting machine. A ‘die break’ is a crack or other fault that creates a raised or sunken area on the coin’s surface. A ‘doubled die’ is where there is a doubling of the design elements on the coin. Also, where a coin is not struck correctly then it results in the design being off-centre on the coin. Additionally, there is an ‘overstrike’ where a coin is struck on top of a previously struck coin, and there is a sandwich effect. Finally, a ‘wrong planchet’ is where a coin is struck on a planchet that is the wrong size or made of the wrong metal for that type of coin.
To summarise, there are differences in error coins with some errors being more desirable to collectors. The value of an error coin is dependent upon the rarity of the coin, the severity of the error, and the type of error.