In summary, we’ve identified four potential options to consider when determining where to sell silver coins. Local coin shops are oftentimes the best option, not only do to ease of conducting business, but to also maximize your payout. If you’re not able to locate a local coin dealer that you feel comfortable with, selling coins online is also a very good option. While selling coins through an auction can be costly and has other drawbacks, it’s typically a better option that utilizing a pawn shop or “we buy gold” shop.

1. SILVER COINS

2. If you’re new to the
coin bullion
and
INDUSTRY

3. and are overwhelmed with the number of potential places
to sell silver coins

4. YOU’RE NOT ALONE!

5. we’ll identify for you
1 2 3 4
OPTIONS

6. as to where to sell silver coins

7. will discuss the

8. And will provide you with some
on how to
receive the
most value
when selling
your silver
coins.

9. 1. ONLINE COIN SHOPS

10. TECHNOLOGY
And the use of
INTERNET
have dramatically improved our lives
in a number of different ways

11. and have greatly expanded the number of options
available to us

12. Selling coins online is no exception. A number of online
coin dealers exist to whom you can sell your coins.
Selling coins through
the mail is just as safe
as selling coins in
person, assuming that
you do your research.

13. you’re able to easily compare rates and identify a coin
dealer that is paying industry leading prices.

14. The positive is that you can conduct business from the
comfort of your own home.

15. The potential downside is that the turnaround time is
typically a couple of weeks and that you may need to
spend a decent bit of time
researching
online coin dealers
before conducting
business.

16. 2. AUCTIONS

17. both online and in person, are popular ways to sell
silver coins
Online auctions consist of companies such as
eBay, where you’re required to post and market your
items.

18. In person auctions
typically involve an
auctioneer, who is able to
sort and auction off your
items in a way to
maximize the bids.

19. While the gross amount of the winning bid might be
acceptable, both options have their downsides.
For instance, fees for selling coins through online
auctions can run 10% - 15%,
and this doesn’t include
shipping and insurance charges.

20. Furthermore, there’s the potential of winning bidders
returning the items or claiming that they never
received them.

21. While in person auctions are certainly safer, the fees
can be quite substantial, at upwards of 20%. They
also involve more coordination with the auctioneer,
including meeting up before and after the auction.

22. 3. PAWN SHOPS/WE BUY GOLD STORES

23. While one of the most convenient ways to sell silver
coins, pawn shops and “we buy gold stores” typically
aren’t coin experts and derive their offer price by
paying a percentage
(oftentimes a very low
percentage) of the silver
weight of your coins.

24. No consideration is taken for the collectible or
numismatic value of the coins, even though you may
have extremely old or rare coins in your collection.

25. While not a good option if
you want to maximize the
value of your coins, this is a
quick and easy way to
walk out with payment in
hand.

26. 4. LOCAL COIN SHOPS

27. If you’re not only looking
to maximize the value of
your collection, but to also
do so efficiently, local coin
shops are often the best
choice when weighing the
options as to where to sell
silver coins.

28. Established and reputable coin
dealers who are in
good standing with third party
organizations, such as
the Better Business Bureau, are
usually able and
willing to identify for you and
rare or key date coins
in your collection that are worth
a premium.

29. Silver coin experts can not
only identify these coins for
you, but are also familiar
enough with the market to
properly value them

30. The best local coin dealers are
willing to see you by
appointment, pay competitive
prices, and are patient
enough to answer all of your
questions to ensure that
you’re completely comfortable
with the transaction.