If you believe you have a true rarity, submit it to PCGS, which is the standard Professional Coin Grading Service in the states. You will want to get these appraised by 2-3 professionals first before you attempt to sell. These can sell at a very high premium depending on the rarity, quality, age, and strike of the coin. If you have a slabbed or graded coin or was handed a coin collection from your grandparents, estate etc … you may have some valuable rare or numismatic coins in your possession. Unless it is a rare antique or vintage sterling item, you can probably expect just melt value for this type of silver. It can be identified with a 925 mark or trademark somewhere on the metal. It has a long history in many countries being used as dishware or cutlery. Sterling silver is an alloy of silver containing 92.5% silver with 7.5% of some other metal such as copper. Expect melt value or just below melt value for this type of silver. Dimes, quarters, half-dollars, and dollars all fall into this category. This is a loosely named term for US coins issued before 1965 that contain 90% silver. Melt value being if you have 10 ounces of silver, you will get only 10 ounces of the spot price of silver. For the most part this will probably sell for spot or melt value. 999 fine silver but will not carry as high as premium as bullion coins. But when you sell back to the dealer it may only hold a $1 – $1.50 premium over spot. For example, when you buy American Silver Eagles, they typically come $2-$3 over spot. 999 fine silver and will usually sell at a premium to the spot price of silver. Next take inventory and identify the type of silver.īullion coins come from government mints as. This will give you how much people are buying or selling at that time. You can check the top right of this site for the spot price or just go to to verify. The day you sell, you will want to be armed with the spot price of silver. Hopefully this will give you some ideas if you have no clue where to begin □ Know What You Haveīefore you rush to sell, you first need to determine what you have and how much it may be worth. However, there may come times when you do need to sell for some quick cash for 1 reason or another. When I first started investing in silver, the immediate question that came to mind was “ how to sell silver for cash or money when I need to?” Granted my thinking has changed as silver is money and the whole point was to exchange dollars for silver. I’d like to think most of you though see silver as an insurance against all the crazy FIAT being printed around the world and to protect yourself against the coming crash. These are just a few questions we hope to answer in the post below. You have the white metal in your hands be it a coins, bars, sterling, or just some scrap silver, but how do you get the best price possible? And what’s the fastest way to get the cash in your hands without getting scammed? Selling silver is not that straight forward as it seems.
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