by Ryan Hart | Updated on January 25, 2023 | Post may contain affiliate links. As an Amazon Associate we earn from qualifying purchases.
Do you have silver coins to sell? Not sure where to start? We have you covered!
We put together a list of the top five best places to sell silver coins for cash.
When selling your silver coins, remember that you’re looking at three primary considerations:
As you’re looking through our top picks, remember that online dealers may offer the best price as they have lower operating expenses than brick-and-mortar stores. Read on to find out where to sell silver coins online.
You can easily sell silver coins online to any virtual dealer. Here’s a list of the top five silver coin dealers to get you started:
Cash for Silver USA is a trusted North American silver buyer. The company specializes in coins, flatware, and serving pieces. They can also handle the sale of your gold and platinum coins, jewelry, Rolex watches, and diamonds.
What Cash for Silver USA does best:
They have the best payouts, with Fox News determining that they offer three times more than other silver coin dealers.
JM Bullion works a little differently than most silver coin dealers as they are a do-it-yourself service. Without even speaking with their specialists, you can lock in your selling price using their online tools. They do list a minimum purchase amount of $1,000 on their website for online silver coin sales.
What JM Bullion does best:
You can do it all on your own! There is no need to speak to anyone with the company to sell your silver coins.
eBay is a behemoth in ecommerce, with more than $10 billion spent in 2021 by buyers. The site touts more than 183 million visitors each month, so it’s a top platform on which to sell your silver coins.
What eBay does best: eBay has set the policy in place that you only ship your silver coins after the buyer has paid, which protects you.
Kitco has been buying silver coins all over the globe with a global information network since the seventies. They specialize in silver, with competitive premiums. As the international precious metal authority and retailer of bullion, they are the leading voice offering news, data, and insights.
What Kitco does best:
Kitco doesn’t have a minimum amount to meet for silver coins from pre-1964.
APMEX is one of the nation’s largest silver coin buyers, with over $1 billion in purchases. Their purchasing department works closely with their Numismatic team to offer the best prices. When you make your sale, APMEX sends you the shipping label for easy drop-off or pickup scheduling.
What APMEX does best:
When shipping through UPS, the APMEX buying program offers you $60K of insurance on your silver coins.
Junk silver coins are silver coins with no numismatic or collector value. As valuable as they once were, these coins are now only worth their melt value - the value of the silver content within them.
While junk silver coins may not be beautiful or valuable to collectors, they can still be a strategic investment to diversify a portfolio or hedge against inflation.
Because junk silver coins contain pure silver, their value will always be tied to the price of silver. When the spot price of silver goes up, so does the value of junk silver coins.
For this reason, junk silver can be an excellent way to protect your wealth from economic turmoil.
U.S. circulating coinage features various metals, including copper, nickel, and zinc. However, some of the country’s most iconic coins are made of silver.
The Kennedy half-dollar, for example, is composed of 90% silver and 10% copper. Similarly, dimes and quarters minted before 1965 are also made of silver.
In recent years, the U.S. Mint has also produced several special edition silver coins, including the American Eagle series. These rare coins are popular with collectors and investors for their beauty and intrinsic value.
So if you’re looking for a coin made of pure silver, check out Kennedy Half Dollar, American Eagles, and pre-1965 coins.
Silver coins are popular among collectors and investors for many reasons. Silver is a precious metal abundant enough to be used in coins but rare enough to maintain its value.
Silver coins can also be dated back centuries, making them valuable for historical purposes. However, the most common question about silver coins is how much they are worth.
The value of junk coins depends on several factors, including the age and condition of the coin, as well as the current market price of silver.
Generally, older and more rare coins are worth more than newer or more common ones. However, the best way to determine the value of a silver coin is to consult with a professional appraiser.
There are a few options to consider if you’re looking for a pawn shop or precious metal dealer who buys silver coins near you.
First, check online directories to find pawn shops in your area. Once you’ve found a few pawn shops, call or visit each one to see if they’re interested in buying your silver coins.
You may also want to search online for “precious metal buyers” or “silver coin dealers.” This will give you a list of potential buyers to contact.
When finding a reputable dealer in precious metals, there are several factors to remember. First and foremost, you’ll want to find a dealer specializing in the type of metal you’re interested in selling.
For example, if you’re looking to sell silver coins, you’ll want to find a dealer that specializes in silver.
Second, you’ll want to ensure that the dealer has a good reputation. Finally, you can check online reviews to understand what other customers have experienced.
Finally, you’ll want to ensure that the dealer offers competitive prices. With these factors in mind, you should have no trouble finding a reputable dealer in precious metals.
Precious metal buyers are an excellent option for those looking to sell their silver coins. Our recommended buyers have a proven track record of providing fair prices for junk silver coins.
In addition, they offer a convenient way to sell your coins and provide payment options that are suitable for most people.
Overall, selling your silver coins to one of these recommended buyers is a great way to get the most money for your coins.
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