If you are in search of an investment opportunity with great possibilities, the popular trend is silver and being able to sell junk silver coins for top dollar. It's actually easy to get started, even if you only have a few silver coins tucked away in your home. However, it's important to learn the basics of 90% silver coins and a little bit about the coin industry before you sell junk silver coins.
Initially, it's essential to know the difference between high value and junk silver coins. It's fairly simple because the question can be answered based on the type of coin, when it was minted, and how much silver it contains. Modern day government minted silver coins, such as American silver eagles and Canadian silver maple leafs don't fall under the category of junk silver coins, as these coins contain .999 fine silver.
With currency, there is always a record of when it was minted, where, and the percentage of silver content used. This means that junk silver coins in your possession can be easily verified. In fact, most pre-1965 U.S. minted dimes, quarters, and half dollars are commonly referred to as junk silver coins. Old silver dollars, such as Morgan and Peace dollars, don't fall under the category of "junk" as these coins oftentimes only carry with them collectible value.
While there are U.S. minted coins that contain a lesser content, such as the 40% silver content used in the mintage of Kennedy half dollars from 1965 - 1970, junk silver coins are most commonly associated with the 90% silver variety. Generally speaking, the less silver a coin has, the less you can expect to receive when you sell junk silver coins to a silver coin dealer.
The best-kept secret to being successful when one sells junk silver coins is to find silver coin dealers that you can trust time and time again. In many cases, this role is adequately satisfied by local coin dealerships which offer competitive prices, are reputable and have a long history in the industry. Those that are family-owned typically fit this bill best because they are able to rely on strong business relationships in order to continue doing business for a long time.
Even after doing all your homework and maintaining a close eye on the precious metals market, a deal can still turn sour if you don't do business with an ethical and reputable coin dealer. Trust is the most important characteristic a silver coin buyer has to have in order to build a good reputation. Evaluate the silver coin dealer to make sure that they're not only operating in an ethical manner, but to also verify that they're paying you a competitive price when you sell junk silver coins. It's far better to build an honest working relationship that will stand the test of time rather than be constantly shifting silver coin buyers. For instance, working with a family owned coin dealership is highly desirable because of their dedication and long-standing presence in the silver coin industry.
In summary, when you sell junk silver coins, it's important to have a relatively good idea of the spot price of silver at the time, understand how that translates to the value of your coins, and only do business with highly reputable and honest silver coin dealers. Do your homework and study the trends. Even if you sell just once and liquidate your junk silver coins, it will be a good feeling to know that you're received the best possible price by following these guidelines.
Initially, it's essential to know the difference between high value and junk silver coins. It's fairly simple because the question can be answered based on the type of coin, when it was minted, and how much silver it contains. Modern day government minted silver coins, such as American silver eagles and Canadian silver maple leafs don't fall under the category of junk silver coins, as these coins contain .999 fine silver.
With currency, there is always a record of when it was minted, where, and the percentage of silver content used. This means that junk silver coins in your possession can be easily verified. In fact, most pre-1965 U.S. minted dimes, quarters, and half dollars are commonly referred to as junk silver coins. Old silver dollars, such as Morgan and Peace dollars, don't fall under the category of "junk" as these coins oftentimes only carry with them collectible value.
While there are U.S. minted coins that contain a lesser content, such as the 40% silver content used in the mintage of Kennedy half dollars from 1965 - 1970, junk silver coins are most commonly associated with the 90% silver variety. Generally speaking, the less silver a coin has, the less you can expect to receive when you sell junk silver coins to a silver coin dealer.
The best-kept secret to being successful when one sells junk silver coins is to find silver coin dealers that you can trust time and time again. In many cases, this role is adequately satisfied by local coin dealerships which offer competitive prices, are reputable and have a long history in the industry. Those that are family-owned typically fit this bill best because they are able to rely on strong business relationships in order to continue doing business for a long time.
Even after doing all your homework and maintaining a close eye on the precious metals market, a deal can still turn sour if you don't do business with an ethical and reputable coin dealer. Trust is the most important characteristic a silver coin buyer has to have in order to build a good reputation. Evaluate the silver coin dealer to make sure that they're not only operating in an ethical manner, but to also verify that they're paying you a competitive price when you sell junk silver coins. It's far better to build an honest working relationship that will stand the test of time rather than be constantly shifting silver coin buyers. For instance, working with a family owned coin dealership is highly desirable because of their dedication and long-standing presence in the silver coin industry.
In summary, when you sell junk silver coins, it's important to have a relatively good idea of the spot price of silver at the time, understand how that translates to the value of your coins, and only do business with highly reputable and honest silver coin dealers. Do your homework and study the trends. Even if you sell just once and liquidate your junk silver coins, it will be a good feeling to know that you're received the best possible price by following these guidelines.
About the Author:
Learn more about the best way tosell junk silver coins. Stop by Atlanta Gold and Coin Buyers' site where you can find out all about selling junk silver coins for the most cash.
No comments:
Post a Comment