Before you sell silver coins, whether they're from a collection, estate, or inheritance, we recommend that you do some research so that you can increase your chances of success. Considering that the price of silver has nearly tripled over the past three years, now may be an excellent time to cash in your silver coins, but not all silver coin dealers are created equal, so take your time and consider following these steps before selling silver coins.
* While we've already mentioned that not all silver coin buyer are created equal, the same goes for silver coins. In particular, low mintage or rare U.S. silver coins tend to sell for quite a premium due to their collectible value. While the silver content of the coins certainly doesn't hurt, the primary factors affecting the coin are its scarcity and condition. Not all coin buyers appreciate or are willing to pay a premium for key date coins, so it's important that you have a good idea of the type of coin dealer you're considering prior to selling silver coins.
* When you sell silver coins, each type of coin you're selling requires a slightly different strategy. For example, rare coins such as 1895 Morgan silver dollars will need to be sold on a per coin basis, due to the rarity and demand for these coins. You will need to do your homework by obtaining quotes from more than one coin dealer until you receive a price that meets your expectations. Also remember that the prices of these coins are driven by their low mintage status, which means price quotes can vary greatly depending on who you talk to. Consequently, you stand a better chance of getting a good deal when you talk to more than one coin dealer.
* Another type of silver coin, which is the most commonly purchased and sold coin in the U.S. is the 90% silver, or junk silver coin. These are U.S. coins minted prior to 1965. While plenty of these coins have been minted, as they were circulated as standard currency up until 1965, that in no way devalues these coins. In fact, there are coin buyers that specialize in buying and selling junk silver coins, so it's important that you don't accept less than you're entitled to when you sell these coins.
* At the end of the day, while identifying the type of silver coins that you have and which type of coin dealer is important, you're only going to be successful when you sell silver coins if you've identified a reputable coin dealer that has been their business on honesty, integrity and trust. Make sure that you thoroughly research the coin dealer you're considering before selling silver coins by reading online reviews, checking their status with the BBB, and uncovering any other background information that you can, such as the number of years in business.
The coin and precious metals industry offers some tremendous opportunities to reap substantial rewards when you sell silver coins, but it can be challenging - especially when you're first starting out, so make sure that you do your homework and find the right business partner for you.
In summary, if you've made the decision to sell silver coins, it's important that you identify the type of silver coin that you have available for sale, the proper type of silver coin dealer for your coin, and reliable and reputable coin dealers with whom you can do business. If you take the time to follow these steps, you'll greatly increase your chances for success.
* While we've already mentioned that not all silver coin buyer are created equal, the same goes for silver coins. In particular, low mintage or rare U.S. silver coins tend to sell for quite a premium due to their collectible value. While the silver content of the coins certainly doesn't hurt, the primary factors affecting the coin are its scarcity and condition. Not all coin buyers appreciate or are willing to pay a premium for key date coins, so it's important that you have a good idea of the type of coin dealer you're considering prior to selling silver coins.
* When you sell silver coins, each type of coin you're selling requires a slightly different strategy. For example, rare coins such as 1895 Morgan silver dollars will need to be sold on a per coin basis, due to the rarity and demand for these coins. You will need to do your homework by obtaining quotes from more than one coin dealer until you receive a price that meets your expectations. Also remember that the prices of these coins are driven by their low mintage status, which means price quotes can vary greatly depending on who you talk to. Consequently, you stand a better chance of getting a good deal when you talk to more than one coin dealer.
* Another type of silver coin, which is the most commonly purchased and sold coin in the U.S. is the 90% silver, or junk silver coin. These are U.S. coins minted prior to 1965. While plenty of these coins have been minted, as they were circulated as standard currency up until 1965, that in no way devalues these coins. In fact, there are coin buyers that specialize in buying and selling junk silver coins, so it's important that you don't accept less than you're entitled to when you sell these coins.
* At the end of the day, while identifying the type of silver coins that you have and which type of coin dealer is important, you're only going to be successful when you sell silver coins if you've identified a reputable coin dealer that has been their business on honesty, integrity and trust. Make sure that you thoroughly research the coin dealer you're considering before selling silver coins by reading online reviews, checking their status with the BBB, and uncovering any other background information that you can, such as the number of years in business.
The coin and precious metals industry offers some tremendous opportunities to reap substantial rewards when you sell silver coins, but it can be challenging - especially when you're first starting out, so make sure that you do your homework and find the right business partner for you.
In summary, if you've made the decision to sell silver coins, it's important that you identify the type of silver coin that you have available for sale, the proper type of silver coin dealer for your coin, and reliable and reputable coin dealers with whom you can do business. If you take the time to follow these steps, you'll greatly increase your chances for success.
About the Author:
Want to find out more about the best way to sell silver coins, then visit Atlanta Gold and Coin Buyers' site on to obtain valuable information on how to receive the most when selling silver coins.
No comments:
Post a Comment