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Frequently Asked Questions

As the largest rare coin and precious metals dealer in Colorado, we’ve been asked a lot of questions. Here we’ve compiled the most frequently asked questions (and answers) as a resource to you. Do you have a question that isn’t here? Send it to questions@rmcoin.com and we’ll answer it for you.

Buying and Selling

Q:Do you buy jewelry?

At our Denver location, we are currently buying gold jewelry and diamonds larger than one carat. If you are unsure whether your jewelry meets our needs, you are welcome to bring it in for an estimate.

Q:How do I sell my gold / silver / coins?

Visit either of our store locations, and one of our staff members will evaluate your items to determine what we are able to pay for them.

If we come to an agreement on price, you will need a valid government-issued ID such as a driver's license or passport to fill-out a Declaration of Ownership form, which is used to identify you if the item you are selling turns out to have been stolen property. Once the form has been completed, we will present you with cash or a check, depending on the amount.

Q:How do I get an appraisal?

There are two types of appraisal: verbal and written. During a verbal appraisal, we will look through your coins or currency to determine the value of each; it is your responsibility to take notes. If you choose to sell your items, there is no charge for our appraisal services. However, if you choose not to sell, we charge $75 per hour of verbal appraisal. During a written appraisal (for insurance purposes or valuing an estate collection), we will provide a typed line-item valuation of your items. A written appraisal costs $375 per hour as it very time-intensive. To make an appointment for an appraisal, give us a call at (303) 777-4653.

Q:Can I pay for gold or silver bullion with a credit or debit card?

We have cash prices on gold, silver, and platinum bullion. If you wish to pay with a credit or debit card, we must charge a 3% service fee for the transaction. We prefer to accept a check or cash, and there are several bank and ATM locations nearby for your convenience.

Q:Do you buy coins?

Yes, we do. We will gladly look at any coin and give you an estimate on its value. If if is something we need, we will make an offer on it.

Coin Collecting

Q:Are U.S. state quarters a good investment?

The state quarter program, which ran from 1999-2008, was developed to introduce consumers to coin collecting. The program was not intended to be an investment but rather a fun hobby for beginning collectors. However, in the future, the collection may be worth more than their face-value.

Currency Collecting

Q:What are some common types of currency collectors look for?

  • United States Notes
    Also called "Legal Tender", these were issued in demoninations from $1 to $10,000 in both large and small sizes. Authorized for issue from 1862 until 1969
  • Battleship Note
    This is a nickname for a series 1918 $2 Federal Reserve Bank Note with an image of a battleship printed on the reverse side of the note.
  • Bison Note
    This is a nickname for a series 1901 $10 note with an image of a Bison depicted on its reverse.
  • Coin Note
    Also called Treasury Notes, these are redeemable for gold or silver coins and were issued from 1890 to 1891 in $1 to $1000 denominations.
  • Porthole Note
    This is a nickname for a series 1923 $5 silver certificate, which has a portrait of Abraham Lincoln surrounded by a bold frame which resembles a ship's porthole.
  • Star Note
    These highly collectible notes were printed to replace money if it was misprinted. They are simple to spot, as a star note will have a serial number that either begins or ends with a star symbol.
  • Radar Note
    Also known as Mirror notes, these are notes in which the serial number can be read the same either forward or backward, such as 01233210.
  • Repeater Note
    Notes in which the serial numbers repeat, i.e. 12341234.

Q:Can silver certificate dollar notes be turned in for silver dollars?

Silver certificates were initially issued in 1878 in response to citizen unrest over the adoption of the gold standard. These certificates were redeemable for silver in the amount stated as the face value until 1968. Today, they are no longer redeemable for silver but are still considered valid legal tender.

Depending on the series of production and condition of the note, some silver certificates are collectible and can be worth more than their face-value.

Q:Are military payment certificates valuable?

Military Payment Certificates (often abbreviated as MPC) were created by the U.S. government in July 1942 as a means of minimizing black-market trafficking in military-occupied areas. They were issued to soldiers as payment to be used on base in exchange for goods. The military discontinued the issue of MPC in 1973. Depending on series, denomination and condition, some military payment certificates can be valuable. Typically higher demoninations of MPC in uncirculated condition are in the highest demand among collectors.