5 Tips for Selling Your Junk Silver Coins Online for the Right Price
If you’ve got a whole bunch of junk silver coins lying around, then you may want to sell them right away. Especially when the silver price has been rising. There are plenty of great prices for junk silver online, just need to know which are the most reliable. Junk silver coins are the ones that were printed before 1964. The trick is in the timing, like buying or selling most other assets you want to buy low and sell high. However, there are a few other factors that you can take into account when you sell junk silver coins.
Image Title: Junk silver coins are very valuable if you know when to sell
Image Alt Text: Junk silver coins were minted before 1964
Image Description: Pile of Silver coins atop a table
1. Identify
If you’re going to sell junk silver coins, you better start by identifying which ones contain silver. As a rule of thumb all dimes, quarters, half dollars and dollars with dates of 1964 or earlier are silver. After 1964 half dollars from 1965 to 1970 contain 40% silver equaling 0.1479 of an ounce. Wartime nickels from 1943-1945 contain 35% silver equaling 0.0563 of an ounce.
2. Organize
Once you identify silver coins the next step is organizing them into denominations. Like nickels, dimes, quarters, dollars etc. Each denomination has a specific percentage of silver content in each. They are not 100% silver. Thus each coin type will have a different value. Nickels are 0.0563 of an ounce, dimes are 0.0723 of an OZ, quarters are 0.1808, 1964 or earlier half dollars are 0.36169, half dollars from 1965 to 1970 contain 40% silver equaling 0.1479 of an ounce and silver dollars are 0.7734 of an oz.
3. Be prepared to ship immediately due to price movements
Since silver prices fluctuate daily the value of your coins will also fluctuate. When you have decided to sell its best to have packaging ready so you can ship within 24 hours of accepting an offer. Some reputable online gold and silver buyers like www.cashforcoins.net will honor the price quoted to you provided your items are shipped within 48 hours of you accepting the offer. They take the risk that if prices go down before the coins reach them they can potentially lose money. However, if you delay and don’t ship for days, the prices offered will no longer be valid as the prices have changed. So be ready to ship when you start looking for offers.
4. You Do Not have to sell coins locally, use the internet!
In many parts of the country there are not a lot of good options for selling gold and silver coins. This leads to low offer prices as they often have control of the local area. Use the internet, you will likely be pleasantly surprised and how much more you get offered. Nationwide buyers offer fair value and fast payments. Click here for instant offers on Silver coins there are a number of trusted buyers of junk silver coins and bullion, you are only as limited as your search.
5. Make sure to get reimbursed for shipping!
Online buyers of Silver coins, junk silver and gold will either send you a prepaid shipping label or reimburse you for shipping. Make sure you have a clear understanding that your shipping costs will be covered. Also for high value transactions, make sure your shipments are insured.
One excellent place to go is CashforCoins.net.
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