Calling all coin collectors! What is the number one rule when you’re planning to sell coins in gold or silver? Make sure you get the best price for your unique collection, of course. Thankfully, you don’t have to be a savvy coin expert to maximize the return on your investment. All it takes to sufficiently pad your wallet is a healthy dose of industry insight from local experts who are in the know.
In this blog post, we’re sharing the following helpful insider secrets on how to sell gold and silver coins for the most money:
Check the current market value
Authenticate and appraise your coin collection
Follow storage and handling best practices
Choose a trustworthy dealer
If you want to sell coins, keep reading as we dive deeper into these hints for getting the most bang for the buck.
Gold and silver have gained recognition and reverence throughout history. There are many reasons to own or sell gold and silver. Unlike money, these metals have intrinsic value. When economies collapse and fiat money becomes valueless, governments resort to gold.
Gold is a respected commodity throughout the world. It has been used for years to preserve, protect, and grow wealth. It has achieved this status because of its malleability, aesthetic appeal, rarity, and virtual indestructibility. For these reasons, it has evolved from an asset class owned by a few rich individuals to a precious metal owned by many.
From nearly the beginning of human history, precious metals like gold and silver have been treasured for their beauty and desirability. Stories about King Midas, golden geese, and silver linings have been passed down to us over the centuries. And, even during the past two centuries, thousands died in California, the Yukon, and elsewhere as they unsuccessfully pursued dreams of striking it rich by locating the “motherlode.” In this article, we wanted to share with you some key tips on gold and silver coins and bars.
If there’s one thing that’s true about gold and silver prices, it’s that they’re always changing. As we write this, silver is up and gold is down, yet by the time this post is published on our blog about buying and selling gold, the reverse may be true. That said, what factors influence gold and silver prices? Let’s take a closer look.
You recently inherited a coin collection or have been collecting silver coins for some time. You have decided to liquidate all or part of the collection, but you are not sure where to go to get the best return. There are several options to consider when selling silver coins: how much you receive in return can vary significantly.
The act of passing down a set of fine China or a collection of antique silver flatware from a one generation to the next is a time-honored tradition in our culture.
In fact, maybe you’ve been the recipient yourself of your grandparents’ treasured assortment of silver utensils and other flatware.
The reality, of course, is that owning a set of high-quality tableware doesn’t quite make the same statement today that it once did. Especially when you consider that silver flatware needs to be painstakingly polished after every use and properly stored, selling silver for a sizable chunk of cash starts to seem a lot more attractive and sensible than stashing it away in a drawer for years to come.
But make no mistake: There are right and wrong ways when it comes to selling silver.
The markings you see on gold and silver jewelry were typically put there for the same reason: to let buyers know about the purity of the metal.
But different types of metals can carry different markings. If you’re looking to sell gold jewelry in Bucks County, you may want to study this guide to identifying these marks.
Silver is a soft metal, which makes it good for intricate designs, although not very durable. That’s why jewelry makers often mix silver with other metals, such as copper, to give it more strength. The purest type of silver used in making silver jewelry is known as sterling silver.