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Recommendations on How to Sell Silver Coins
Posted by: | CommentsBefore 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.
* Since there are many different types of silver coins in the market place, it’s important that you develop a strategy based on the silver coins that you’re interested in selling. For example, some rare Morgan silver dollars, such as the 1895 silver dollar, are quite rare and valuable; therefore, when you sell these silver coins, you’re best off selling them by the coin as opposed to in bulk. The price for low mintage coins is primarily driven by the collectible value, demand, and condition of the coins, so you should do your best to identify a silver coin buyer that is willing to pay a premium above the silver content when you sell silver coins that have collectible value.
* Even if don’t have rare coins to sell, always remember that 90% silver dimes, quarters, and half dollars, also referred to as junk silver coins, are always in relatively high demand. Hence, it is not far-fetched that when you sell silver coins, that there will be silver coin dealers who will be willing to pay top dollar for the right types of junk silver coins. The message is to not easily dismiss junk silver coins in favor of rare mints; rather, to pay attention to each coin type so you can sell them at the best possible price.
* 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, once you’ve made the decision to sell silver coins, do your best to identify the type of coins that you have available, which type of coin dealer is best for the type of coin that you have available, and identify a reputable silver coin dealer with whom that you can establish a long term relationship. At the end of the day, forming strong relationships built on mutual trust and respect are the key to long term success.
Learn more about the process to follow when you sell silver coins. Stop by Atlanta Gold and Coin Buyers’ site where you can find out all about the guidelines to follow when selling silver coins.
Learn More About How to Buy Silver Coins In Atlanta
Posted by: | CommentsIf you plan to buy silver coins in Atlanta as a form of investment, there are plenty of opportunities available to be able to hedge against the eroding effects of inflation and as an alternative to a very unstable stock market. With the largely stable price of silver in the world market, you can be confident that this is an investment that will endure without being severely hit by dynamic market forces. In this article, we’ll explore some of the options that are available to the individual investor who may be interested in buying silver coins in Atlanta.
There are many different ways to invest in silver. The first way is to buy silver coins that contain a high percentage of the metal. These coins are typically 99.9% pure and their prices are directly related to the price of the silver. The most common examples of such coins include the American Silver Eagles, British Silver Britannias, Mexican Silver Onzas, and the Canadian Silver Maple Leaf. These coins are very popular and millions of investors purchase them every year to insulate themselves against a declining currency and to earn profits from their investment.
The second way is to buy silver coins in Atlanta is to focus on rare, old, or collectible silver coins. These coins can be sold at very high prices. Rarity and demand are the two main factors that decide the value of such coins. A benefit in exploring this option is that many old or rare coins continue to appreciate in value over time irrespective of the price of silver. Probably the most sought-after coins in this category are rare or key date Morgan Silver dollars, especially those that were minted in Carson City or that were produced in 1894 and 1895. If you are planning to buy silver coins in Atlanta and are looking for an investment that may appreciate above and beyond the price of silver, then this might be the most suitable option for you.
To purchase rare coins you should contact a professional coin dealer in Atlanta who is familiar with the industry and offers silver coins at reasonable prices. If you want to use rare coins for investment then your success depends upon the coins that you select and the dealership you choose. A reliable and honest dealer can help you to make a substantial profit on your investment.
Junk silver coins form the third category of silver coins. The percentage of silver in these coins is relatively low (40 to 90 percent) compared to the government issues silver coins mentioned above, and as such, sell for a lower premium. Junk silver coins are most commonly referred to as U.S. dimes, quarters, and half dollars minted prior to 1965, and are commonly bought and sold in bulk, such as through coin tubes or bags as opposed to some of the other silver coins mentioned above.
The most common way to buy silver coins in junk form is through coin bags, which can range in size from $100 face value up to $1,000 in face value. The weight of the bag, multiplied by the fraction of silver in the coin, gives the total silver value, which subsequently determines the total price of the bag. Some junk silver coin bags sell five figures, and with fluctuations in the price of silver, a bag of junk silver coins can appreciate quickly in value with only nominal increases in the price of silver.
If you are planning to invest your money in precious metals then you should educate yourself about all the possible choices before you buy silver coins in Atlanta. Hopefully this article has provided some helpful tips and guidelines in attempting to identify the best silver coin investment for you. If you still have questions, we recommend that you visit your local coin dealer in Atlanta, or contact a coin dealer online. Additionally, you can also research various aspects of the silver coin market by searching on the internet.
Want to find out more about how to buy silver coins in Atlanta, then visit Atlanta Gold and Coin Buyers’ site on how to choose the best coin dealer whenbuying silver coins in Atlanta for your needs.
Sensible Tips and Reminders When You Buy Junk Silver Coins As An Investment
Posted by: | CommentsThe first thing you need to realize is that when you buy junk silver coins, you’re buying coins that are a worthy investment. They are not as valuable as pure silver coins but definitely not deserving of the word “junk.” In fact, if you’re lucky enough to find silver coins that date back to 1965 or earlier, the silver content is about 90%. That’s close to pure silver and therefore carries considerable weight.
For those who are unable to buy 99.9% silver coins, here’s a great alternative. There are actually quite a lot of these “junk” silver coins floating around, such as the Kennedy half dollar, Barber dimes, quarters, and half dollar coins, Mercury dimes, and silver dollars. Here are some tips and reminders to help you pinpoint which silver coins you should watch out for.
1. Nothing can be done properly without some degree of knowledge. Going in blind will mean the possibility of buying the wrong type of silver coins, or wavering over whether or not to buy junk silver coins. Someone could come and snatch up the silver coins if you show indecisiveness, and that would mean a lost opportunity for you. To help you out, look for silver coins minted prior to 1965, as they contain 90% silver and are good options. Some examples are Franklin half dollars, Walking Liberty half dollars, Barber head quarters, and Mercury dimes. If you concentrate on these silver coins, you’ll have an easier time focusing on a long-term plan instead of getting caught up with too many details.
2. To calculate the silver value of the coins that you have, you can multiply the silver content of each coin by the current spot price of silver. This goes back to limiting your junk silver coin collection until you become familiar with the market trends. For example, Kennedy half dollars contain 0.36169 ounces of silver while mercury dimes contain 0.07234 ounces. Suppose you decide to buy silver junk coins in the form of Kennedy half dollars and the market price of silver is $40 an ounce; this means that the silver value per coin is $14.47.
3. A common practice in the coin industry is to quote prices in terms of face value. This is where things start to get confusing for the beginner who is only starting to buy junk silver coins. The face value quotation is a multiple of the face value of a coin, so for example a quote of 30 times face value is equivalent to $3.00 for dimes (30 x .1) and $15.00 for half dollars (.5 x 30). If you become confused as to how the face value quote translates to an actual dollar amount, don’t hesitate to seek clarification from your coin dealer.
4. As a buyer, you should also know that the face value quoted typically applies the same to dimes, quarters, and half dollars; however, it’s common for the face value quote of silver dollars to be higher. This means that whether you are purchasing half dollars, quarters or dimes, it will always be in reference to the “prevailing” face value which in turn is based on the silver price.
5. Junk silver coins are generally sold in bulk. Silver coin bags are commonly sold in face value lots of $100, up to $1,000. This means that based on the multiple of 30, a $100 silver coin bag would cost you $3,000 whereas a $1,000 silver coin bag would mean an investment of $30,000. Should the face value increase by even just 50 cents, you automatically earn a profit of $50 on your $100 investment or $500 on your $30,000 investment.
To enhance your “buy junk silver coin” skills, expand your range of potential customers from coin collectors to numismatists, auction shops and other sellers. Make sure to practice your price calculation skills and always re-check your values before settling on a specific purchase that is likely to produce long term profits.
Learn more about how to buy junk silver coins. Stop by Atlanta Gold and Coin Buyers’ site where you can find out all about junk silver coins and what they can do for you.
Sell Silver Eagles for More By Following This Advice
Posted by: | CommentsCheck the coin and silver market and you will quickly realize that the decision to sell silver eagles is a trend that is fast gaining attention in today’s market. Not that many years ago, most people didn’t put much thought into old silver coins lying around their house; however, once the reputation of American silver eagles took off, the decision to sell silver eagles quickly became a common enterprise. Today, there are still many silver eagles that remain unsold and at a time when the silver market is performing well, there is no better time than now to sell silver eagles.
If you have silver eagles lying around and want to exchange them for cash to put your funds to other use, consider the following essential tips so you can get the best price when you sell silver eagles.
1. An important consideration is that American silver eagles are considered silver bullion, and as such, don’t contain collectible or numismatic value. However, they contain one troy ounce of silver, and are extremely liquid in the coin and bullion marketplace.
The spot price of silver varies during the day and can be found at any time on the London Metal Exchange. Monitoring the price of silver allows you to determine exactly when the sell. Obviously, the time to sell is when the price is performing well, as is the case at this time. If silver has just experienced a substantial sell off, you may want to wait on selling your silver eagles until the price stabilizes.
2. When selling silver eagles, you should have realistic expectations. Since these coins don’t contain collectible value, with the exception of the 1996 American silver eagle, they typically sell for slightly less than the spot price of silver. However, the price that you should receive should be close to the spot price of silver unless your silver eagles are circulated or have toning.
3. You’re likely to receive the best price for your silver eagles by selling to a local coin dealer or a reputable online coin dealer. Auctions aren’t recommended, as the listing and final auction fees are substantial. Not only that, but most auction sites heavily favor buyers, so if there’s a problem with your transaction, you could find yourself hundreds of dollars out of pocket.
4. An approach that you may want to take, especially if you closely follow the precious metals market, is to buy and sell silver eagles for extra income. If you’re a savvy investor, you may want to consider buying silver eagles after a large sell off and selling silver eagles once the price has rebounded. Many folks have done quite well employing this method.
Now is the best time, more than ever, to sell silver eagles considering the high price of silver in the market. If you have been holding your coins for a while, perhaps it is time to sell them and earn some quick cash to help tide you over during these difficult economic times. Silver eagles are valuable and you should not let them lie around collecting dust. Turn your silver bullion into instant cash by making the decision to sell silver eagles in Atlanta or online.
Looking to find the best deal when you sell silver eagles, then visit www.atlantagoldandcoin.com to find the best advice on selling silver eagles in Atlanta or online