When you’re thinking about how to sell silver you should know that there are a variety of options available to you. It is up to you to decide which of these options is most likely to get you the best price for your silver.
Coin Shops
Your local coin shop makes a great option since they’ll pay you instantly for your silver. Typically they’ll pay you a fair market price too. While this price probably won’t be as high as what you’d receive at an auction or from a dealer it is still a fair price when you consider you can get your money right now, without waiting.
Coin Shows
If you have numismatic silver coins for sale, you should consider trying to sell them at a coin show. These shows are a great opportunity for you to have your coins assessed by various dealers at one time. Doing so will give you the best opportunity to get the highest price for your silver coins. Unfortunately, these shows don’t happen frequently so you will need to plan ahead. As such, they aren’t a good option if you want to sell your silver quickly.
Online Dealers
There are many reputable online coin dealers who buy silver. While they do require you to have a minimum dollar amount to make a sale to them, they still offer you the best silver rates. If you decide to go this route, remember that you’ll need to ship your silver coins to them. They’ll need to receive these coins before you receive your payment. This is fine if you’re not in a hurry and you want to avoid pawnshops’ high-pressure tactics.
Online Auctions
Selling silver on online auction platforms like eBay is great if your buyers actually know the value of what they’re buying. However, if you’re dealing with uninformed buyers you won’t get as good of a price as what you’re hoping for. Regardless of how much you’re able to make here, you’ll still be required to pay for things like seller’s fees, platform fees, and shipping costs.
Pawnshops
Your last resort should be the pawnshop. While they’re great if you find yourself in an emergency where you need cash fast but they aren’t the best option because they exist to make a profit. This means that more than likely you’ll be shortchanged and get a lower return on your investment if you how to sell silver here.
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