Silver is another precious metal which is slowly drawing the attention of investors. Physical silver is considered as the small brother of gold. It is considered to be an asset which would help to protect one’s wealth. It acts as a hedge against inflation. As a result, many people are investing in silver coins for sale in order to diversify their portfolio and in order to remain protected.
Often, people try to sell their circulated silver coins to the authorized dealers and shops which deal with silver coins. One gets to see these coins in different kind of shapes and sizes.
However, millennial might not have a proper idea about circulated silver coins. They may not know also how to sell them to a coin dealer.
There‘s nothing to worry if you are given the task to sell the circulated silver to a reputed coin dealer. This blog post would guide you through the entire process.
Points to Consider
Before heading to a coin dealer dealing with bulk silver coins for sale, one should keep in mind that the dealers will try to look out for rare silver coins. Most of the coin dealers specialize in rare coins. Hence, the dealers always try to look out for coins carrying some historical value and significance. However, the silver coins are valuable only because of the silver content in them.
How to Sell the Coins?
Coin dealers recommend customers to arrange the silver coins for sale into four groups. It would make the process of selling much faster. In case, a person is not able to divide the coins into groups, they don’t need to worry. Professional coin dealers can easily organize the silver coins on behalf of their client.
However, if one wants to group the rare silver coins into separate groups on their own, they should follow the steps.
Firstly, in one group, one should try to include the 20th century U.S. silver coins starting from 1964. These group of coins can contain 90% silver in them. Also, by combining 10 dimes one would get the same amount of silver as contained in 4 quarters or 2 half dollars.
In another group, one can include the half dollars made up of 40% silver unlike the dated coins with 90% silver. By examining silver coins for sale individually by date, one can easily distinguish between 40% silver coins and 90% silver coins. Make sure the coins after 1964 into another group.
In the third group, one can include coins starting from the year 1878 to 1935. Each coin needs to be examined in order to find in order to find a rare coin or one with a better condition. Both these things can increase the value of the coin.
On the fourth group of silver coins for sale, one can include the 19th-century coins and U.S silver coins of earlier date. Under this category, finding valuable coins becomes an easy task. One can also include foreign silver coins under this group.
Before meeting the dealer, make sure to differentiate silver coins and copper clad coins separately. Following these steps would make the process of selling the coins very swiftly.