Where Can I Sell Junk Silver Coins I Collected?

Junk Silver Coins

Junk silver coins are not actually junk or scrap, instead they contain about ninety percent silver and are used for their bullion value instead of their numismatic value. A lot of people who are fond of coin collecting have accumulated a great deal of junk silver coins throughout the years. These mostly represent non collectible coins like quarters, nickels and dimes manufactured in the US before 1965. If you have collected junk silver bullion investment and are ready to sell now that prices are high, where can you sell these silver coins and get the best coin prices for your collection? There are a number of ways that you can sell your junk silver coins, and each method will have advantages and drawbacks.

You can visit a local coin shop or dealer, where you can offer your silver coins for sale. They may or may not offer you a fair price depending on the specific dealer visited. However, this method does not allow you to search among a wide selection of online dealers that can offer you a much more competitive return on your investment. If you do choose to go via the local coin dealers, make sure they are members of the American Numismatic Association that requires its members to follow ethics code of conduct. This will ensure that you will be getting the maximum silver coins value for your collection.

You can also try to sell your junk silver coins online, and this can be done in a couple of ways. You can list your coins for sale online with an auction site like eBay, but before check the completed listings history and see approximately what customers who are willing to buy junk silver coins might pay for your lot. Take several close up pictures of your coins, include detailed description, factor in shipping and handling charges in your asking price. You can also visit one of the precious metal only auction sites to sell your junk silver, and once again the market supply and demand will determine the price you will receive. If you have widely recognizable bullion coins, like the American Eagle silver bullion coin, then the price you will get will be much higher than the junk silver coin prices.

You can also sell your junk silver coins and other precious metals using an online dealer. There are many of these companies on the Internet, and they buy gold bullion and other precious metals in addition to silver. You will normally not get the spot price for your coins, but you may get an amount that is close if the market price of silver is high. Junk silver and scrap gold value can be received by selling to a reputable online dealer, and this usually happens within a very short time and is convenient.