Best way to sell silver coins
Selling your bullion coins viz-a-viz silver or sometimes gold may be complicated even more than you may have expected. If you want to sell your coins then you have a variety of options, because there are many places and mediums to sell silver for instance, but some places are better than the others. Therefore we will tell you which stone you should turn when it comes to deciding how you want to sell your coin and where you want to sell them.
OUTLINES
- Knowing the value of your coin
- Best medium to sell your coin
- Best online place to sell your coin
- General tips that might help
Knowing the value of the coin
Before you take a run at selling any troy of your treasure you have to know the value of your silver coins, so you could make a good deal by accepting an offer close to the spot silver value of your coin. First you need to know the total silver value and determine the type of coin whether it is scrap silver or a rare coin, even silver bars and bullion. 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 coin you have to know your actual coin worth.
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 in which you can sell your silver coins in your possession is usually online coin 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 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 online outlet 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.
General tips that might help
- Silver coins generally hold their value well through resale, so they can be easily resold without delay because of high liquidity in coin sales. Their prices fluctuate based on the silver spot prices.
- It is difficult to get the same resale value when selling silver jewelry than other bullion items such as silver bars, rounds or coin, because most modern jewelry now includes alloy along with their decorative pieces, not to mention the labor required to make the jewelry.
- The lowest resale price is for scrap silver metal, because it has to be melted and then mold to the form that the buyer desire.
- To know the actual price of the silver is by multiplying the number of ounces by the current spot price of the type of silver.
- Pawn shops usually buy and sell at the lowest prices
Conclusion
Understanding where to sell your silver is not as hard as many people often assume it is, although its not as easy if you want to get top dollar for your silver coins. It requires some effort to compare prices. We recommend you to consider www.cashforcoins.net as the best option to sell your coins or bullion.
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