Options to Consider When Selecting Silver Coin Buyers

January 1, 2012 · Posted in Business 

You may be in the market to locate silver coin buyers to sell your silver coins, and you might be interested to know that there are a few options from which to choose. In summary, these options consist of coin dealers, coin collectors, and individuals that are interested in purchasing silver coins from auction sites. Which of these options provides you with the greatest opportunity for provide in the most expedient manner possible?

We’ll discuss each of these options in further detail in the following paragraphs and hope to shed some light on which options may be best for you when considering selling silver coins.

Coin Dealerships. These are commonly construed as the same or equivalent to coin collectors. The truth is, coin dealerships are distinct entities from coin collectors and operate on different premises. At its most basic, coin dealerships are businesses or companies that specialize in selling precious metals; most notably coins. You will find plenty of coin dealerships in most major cities around the country.

The primary benefit of silver coin dealers is that they are coin experts, and can shed some light on the type of coins that you’re interested in selling. They can help you to identify collectible and low mintage coins that sell at a premium to the precious metals content of the coins. Not only can they help to answer all of your questions, but many coin dealerships also pay extremely competitive prices for coins. Lastly, coin dealers provide an easily accessible and liquid market for selling silver coins, which is especially important if you don’t have the time to wait for some of the other silver coin buyers that we’ll discuss below.

Coin Collectors. The fundamental difference between coin collectors and coin dealerships is that the first is in it for the passion of collecting coins while the latter is operating under a business framework. The problem with coin collectors is that it’s difficult to locate them as they typically don’t advertise that they’re interested in purchasing silver coins from the public. Coin dealers have access to coin collectors and vice versa so the natural tendency is to approach the most visible silver coin dealers rather than spend time checking out who are the collectors.

3. Auctions. Auction sites also provide an opportunity for individuals to locate silver coin buyers, but this typically isn’t the best route to take for a few reasons. For one, there’s no guarantee that there will be much of a market for the silver coins that you’re selling. Secondly, auctions can take up to a week and a half to complete, and there’s no guarantee that you’ll immediately receive payment for your silver coins. Lastly, auction sites oftentimes have cost prohibitive listing and final auction fees.

For the reasons noted above, coin dealerships tend to offer the most advantages out of the silver coin buyers that we’ve discussed, as not only do coin dealers pay competitive prices, but they also offer the expertise that is needed, especially with rare or low mintage coins, and provide a ready and liquid market to sell your silver coins.

When it comes time to sell your coins, make sure that you weigh the pros and coins of the various silver coin buyers. Regardless of who you select, always do business with highly reputable companies or individuals that have a reputation for treating customers right and for paying competitive prices for silver coins.

Looking to find the best deal when researching silver coin buyers, then visit www.atlantagoldandcoin.com to find the best advice when selecting silver coin dealers.

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