Selling Old Silver Bars
BEST WAY TO SELL OLD SILVER BARS
Selling your old silver bars also known as bullion may lead to an unknown windfall. Silver bars are a common form of the precious metal. They are easy to store and ship, they are universally known and a clear way to collect precious metals. Collectors of silver bars are often referred to as stackers. The term is derived from the practice of collecting and stacking up their coins and bars. Silver bars are made by most precious metal mints as well as sellers. The silver bars contain .999 pure silver and range in sizes ranging from 1 gram to 1000 ounces. 1 oz. and 10 oz. are the most common due to both size and price. Most of the silver bars are very common and trade within a small range of the current spot price for silver However, silver bars have been around for a long time and some can be very rare and worth a significant premium over silver price.
For instance, check out this bar:
A 10 ounce bar in todays market is worth about $170.00, this bar however is very rare and some like it have sold for over $2000 See image below
A good way to determine if your old bar is valuable is to visit https://allengelhard.com/
They are a fantastic resource for Englehard and J&M silver bars, known throughout the industry as the most definitive source available online today. Another way is to search sites like ebay to try and find bars like yours to determine its real value.
Knowing the value of the Bars
Before you sell your silver bars you should start by knowing the value of your silver bars, this will let you know the baseline value based on spot silver prices. Don’t worry you can check our US melt silver value to know the value of your silver, then you can now multiply the value with the number of ounces your bars weigh to know your actual bar worth. Then do your research by visiting resources like https://allengelhard.com/ and eBay to see if you have a rare silver bar.
Best medium to sell your coin
Believe it or not, although it may take you little while to get it done, but the best medium (best being determined by highest prices) in which you can sell your silver bars or coins for that matter is usually trusted online coin and gold and silver buyers. The reason being is that you can compare prices, and many provide a significantly higher payout than local dealers due to their cost savings of being an online company and not having costs like rent, office insurance, etc. You can determine the coins value and understand the spot price and get offers in a non-pressured environment. Simply get a few offers and see which is the best. Then do some research to see the reviews on independent 3rd party sources like google and trust pilot.
Best online place to sell your coin
The best place to sell your silver is dependent of a variety of factors like type of coin you are selling, how fast you want to sell, transaction fees insurance and shipping fee, so there is not one best place. The following are some of major trusted online outlets you can visit to sell your silver;
CashforCoins.net A leading Nationwide coin buyer, they are only a buyer and do not sell coins. Have a few nice free tools on their site like free instant offers for coins, free nation wide database of local coin dealers and lots of coin news and articles
APMEX they are leading United States notable bullion dealers of coins like silver, copper, palladium, gold, platinum etc.
eBay selling coin on eBay is a nice option too, because you can sell any type of silver and you get to sell to the highest bidder, but eBay may not be a considerate option in a case you have multiple items to sell because it is time consuming, and eBay will take 10% of the total price for their selling fees and paypal also takes another 3% of the price.
Others include JM Bullion, Provident Metals, SD Bullion to mention a few are also a platform where you can get to sell your coins.
We hope you find an old rare silver bar!
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