Where & How to Sell Silver Coins?

Do you have silver coins in your sign of the zodiac and you would like to sell them ? Are you wondering where and how you can get the best manage possible ? I have exchanged silver coins for cash a pair of times, and I am hera to share what I know .
It ’ mho devastating to exchange cash for your argent coins and find out former that they were worth more. This has happened to me more than once but never again now that I am ‘ silver coin guru. ’ Whether you inherited your coins from a family member or good came across them when cleaning your house, this article will help you know where and how you can sell them .

What Is The Advantage of Silver Coins?

What Is The Advantage of Silver CoinsWhat Is The Advantage of Silver Coins
There are three advantages of having flatware coins :

  • They Can Be Reformed Into Something Else – Silver can be made into something else through melting and reforming. It can be combined with other metals or used as an alloy and gold to strengthen it, for example, in jewelry.
  • They Are Still Used As Currency Even Now – Keen people can notice that several silver coins are being used as currency currently. For instance, the silver U.S. quarter coin is being used even though its production was halted in the 1960s.
  • Silver Coins Increase Their Value With Age – If you have a silver coin from ancient times, know that you have a gem. However, most of the coins found date back to World War 1 And World War 2, which are the most valuable.

Which Silver Coins Do You Have?

Which Silver Coins Do You HaveWhich Silver Coins Do You Have
The cause why I was scammed is that I didn ’ t know which coins I had. I fair wanted a quick transaction and failed to do my inquiry. I ended up selling my ash grey coins that dated back to 1916 World War I for money worth a bag worth of peanuts.

It hurt like hell when I late found out that I had a gem. To avoid going through my painful feel, let ’ s spirit at the different type of silver coins that exist ;

  • Bullion coins – They come as .999 fine silver from government mints, and you can sell them at the spot price of silver.
  • Junk Silver – These U.S. coins contained 90% silvers and were issued before 1965. They include half dollars, dimes, dollars, and quarters. They are worth melt value or less than melt value and are mostly used for preppers.
  • Scrap, rounds, bars – These are also a .999 as the bullion coins. The difference is that compared to bullion coins, they are not as premium.
  • Collectibles/Rare Coins – Depending on the age, strike, rarity, and quality of the silver coins you have, you can get yourself a premium deal. With these coins, professionals have to be involved.

How Will You Value Your Coins?

The beginning thing to ensure is that you know the worth of your ash grey coins before selling them. It would be well if you kept in thinker respective factors that will affect the value of your coins : Rarity, circumstance, date, mintmark, and demand. All these factors can help you estimate your silver medal coin ’ s value. Of run, factors such as demand can be hard to tell not until you talk to a dealer .
broadly, the older the silver medal mint is, the higher the value, particularly if it ’ sulfur of good quality. A coin that was minted before the 1940s can be priced above basis silver. Suppose you have a silver coin that was minted before 1916 ; it is valued above silver medal unless it has frightful choice .

What Is The Best Place To Sell Your Silver Coins?

What Is The Best Place To Sell Your Silver CoinsWhat Is The Best Place To Sell Your Silver Coins
now that you know how to measure your eloquent coins, it ’ randomness time to look for the best home to sell them. I have sold my ash grey coins on different platforms. I will help you figure out the best places by outlining both pros and cons to make an inform decision .

Local Coin Sellers

You can start with your local coin principal. It is easy and convenient, specially if you regularly sell silver coins. Creating a good relationship with your local dealers can get you honest prices .

  • It is close and convenient.
  • You can get the money immediately
  • Face to face transactions result in better deals


  • The level of convenience goes down if the shop is not closed.
  • A shop might not give you the best deal in the market because they pay utility costs, electricity, and rent.


Pawnshops much have a bad repute. You can go to a well-respected pawn denounce and get the best deals. Do your research on which pawn shops are deserving your campaign. You can either pawn your flatware coins or sell them. If you sell them immediately, you get a better price than when you pawn your items .

  • There are many pawnshops, and there is a big chance of getting a well-respected one.
  • You get cash immediately.


  • You get a lower deal because of the owner’s financial responsibilities such as rent, electricity bills, and other utility bills.
  • It is not the best place to sell historical and valuable coins.
  • If you have to ship to a pawn shop, you should consider all the costs and risks.

Refiners and Smelters

Going directly to a smelter can give a better price for coins, particularly if they are of little or no prize. If you have a distribute of coins, you can get a good softwood at the smelter ’ randomness, eliminating the contact .

  • If you have a bulk full of coins, going to the smelter is a great option.
  • If you also have silver items such as sterling silver cutlery and jewelry, going to the smelters is the best option.


  • You should not go to the smelters if you have historically valuable or rare coins.
  • Smelters only give a little over the smelt value.

Coin shows

There are coin shows that run per annum or in the middle of the year, which can be a great place to sell. here you get a chance to get the best prize for your coin by visiting multiple dealers at once. additionally, you get to hang out with a crowd of interesting coin collectors and experts .

  • You only have to visit one location to reach different buyers.
  • You will be able to get different prices before settling for the best price.


  • Shows do not focus on buying coins. They are there to sell coins to collectors.
  • If you don’t get a chance to get to a show, you will have to wait for months.
  • Some people have to travel long distances to get to the show, especially in rural areas.

Can I Sell My Silver Coins Online?

Can I Sell My Silver Coins OnlineCan I Sell My Silver Coins Online
Yes, you can. There are many on-line platforms that you can use to sell your silver medal coins, such as ;


On eBay, you can reach 182 million people who are looking to buy anything. however, even though it has a big audience, it has its cons ;

  • You can sell your silver coins at a set price or at an auction.
  • You can reach a lot of people.


  • eBay cuts 10% of every item you sell.
  • There are so many people selling coins; hence the competition is high.
  • It does not specialize in selling coins alone.

Modern Car Mart

modern car marts besides send the money after they have seen the coins .

  • You will almost always sell your coins.
  • It is a great option if you have one or two valuable coins.


  • It’s a great risk to take, considering you have to send your coins to a stranger before you have agreed on any price.
  • If the price of your silver coins is less than $3000, you will get a check meaning you wait longer before getting the money.
  • You will not get the best deal in the market since they are also looking to profit.


It is a site that uses the same model as pawnshops with locked-in prices and competitive pricing .

  • It is a huge organization.
  • You will almost always sell
  • You do not have to list your silver coins in an online shop


  • They have first to see your silver coins for them to pay
  • You can’t sell anything less than $1000

Heritage Auctions

inheritance auctions give sellers two options which include selling outright and consignment. Selling outright means shipping your coins to them then getting paid. On the other hand, you can choose commitment, which involves sending your pictures and getting information on the price .

  • They give you two selling options; consignment or selling outright.
  • They have a large audience for collectible coins
  • You won’t have to list your coins.


  • There is a 10% fee after you sell the item
  • Money is received after the auction closes, which is after 45 days.
  • You have to ship your silver coins first before getting the money.
  • If you have small value silver coins, they will not get as much attention.

Coins For Sale

Although not popular, coins for sale are a marketplace where you can sell your silver coins. They do work like pawn shops or mint retailers.


  • They only charge 5% to sell
  • They do not resell coins like pawn shops.
  • Unlimited free listings.


  • It is still new in the market.
  • You cannot reach a large audience
  • You can’t auction your coin.

 The Take-Away

Selling is not the lapp as bribe. But you can make it a simple and easy process by knowing the value and where to sell. now you have all the information on how and where to sell your ash grey coins. It is meter to make money that is worth your silver coins .

source : https://ontopwiki.com
Category : Finance

Post navigation

Leave a Comment

Trả lời

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *