Make sure you have a clear understanding that your shipping costs will be covered. Reputable online buyers of silver and gold coins will either send you a prepaid shipping label to your email or will reimburse you for shipping. Make sure to get reimbursed for shipping! Our pawnshop has built a reputation for professionalism and expertise. You will find who you are comfortable with and those with who you don’t connect very well with. Talk to them on the phone and have a conversation with them. Use the internet for your research and search out different companies. With the internet, you vastly open your options, resources and competition, so prices tend to be better. If only one coin shop is in town without competition, they usually control the market and prices. They might have a bad reputation in town and with online reviews. You might have a coin shop, but have never dealt with them before and are scared to go in. The nearest one is sometimes miles and or hours away. Rural areas, for example usually do not have a local coin shop. In some parts of the country there just is not a lot of local options to sell silver or gold coins. Selling online is sometimes easier than selling locally Please consult your local or online trusted coin expert to give you the best guidance. On the other hand, the sudden price swings could trigger a good buying opportunity for you, as well. So be ready to ship when you start looking for offers. However, if you delay and don’t ship for days, the prices offered will no longer be valid as the prices have changed. Upon receipt, we will verify the authenticity and value of your lot and will pay you immediately. Some reputable online gold and silver buyers like will honor the price quoted to you provided your items are shipped within 48 hours of you accepting the offer. When you keep current on silver prices, you can make a more timely decision to sell, hold or buy more. Silver prices fluctuate daily, so the value of your coins will also fluctuate. Prepare to act immediately upon price swings 362 of an ounce and half dollars from 1965 to 1970 contain 40% silver equaling 0.148 of an ounce and silver dollars from 1878 to 1936 are 0.7734 of an oz. Nickels are 0.0563 of an ounce, dimes are 0.0723 of an ounce, quarters are 01808 of an ounce,1964 or earlier half dollars are. Thus each coin type will have a different value. Each denomination contains a specific percentage of silver. Once you identify silver coins the next step is organizing them by denomination, such as nickels, dimes, quarters and dollars.
Wartime nickels from 1943-1945 contain 35% silver equaling 0.0563 of an ounce. After 1964 half dollars from 1965 to 1970 contained 40% silver equaling 0.1479 of an ounce. Remember, all dimes, quarters, and half dollars dated 1964 or earlier are 90% silver.
When you start out to sell “junk silver coins” first start by identifying which ones contain silver. There are also a few other factors that you can take into account when you sell junk silver coins. Is your goal to stack as much silver as possible for a rainy day or do you want to turn your silver into income on a regular basis? These are a couple of questions you should ask yourself before venturing out and buying junk silver coins. My advice is to start with a goal in mind. These coins are commonly referred to as “Junk silver coins.” The question I get asked a lot is: “When is the right time to sell?” The trick is in the timing, like buying or selling most other assets you want to buy low and sell high. dime, quarter, and half dollar minted in 1964 or earlier are made up of 90% silver. You just need to know which ones are the most reliable. There are plenty of great prices for junk silver online and local. If you have a parcel of silver coins lying around, then you may want to sell them soon, especially since silver prices have been rising. So, how do you sell your coins? How much are they worth? What do you have? Tips for selling your silver coins Be sure to reach out to Perry if you have questions about this article!Ĭonsumers often wonder about the value of their silver coins. This blog post was generously provided by Perry Lewin of Decatur Jewelry and Loan and reprinted here with permission.
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