The popularity of silver coins can be attributed to the fact that they serve as a hedge against inflation, economic collapses, and have served as money for thousands of years. This makes investing in them a worthwhile and a wise endeavor. When the 21st century was ushered in, the value of silver continued to rise. This prompted thousands of people to sell their coin collections. If you are considering selling your coins to silver coin dealers, this can be a lucrative investment. However, there are a few things that you should consider before selling them.
When to Sell Your Silver Coins
Choose the right time to sell your silver coins in order to receive the maximum return possible for your investment. The best time to sell your silver coins is when the price of silver is high. In the early years of the 21st century, silver coins were worth more than usual because there was a high industrial demand for silver. The worth of silver hit a 21st century high in 2008 when each troy ounce fetched $14. The price of silver today is substantially more than it was in 2008. A factor to consider is that all prices are negotiate, and that you should expect to receive a higher price from silver coin dealers in Atlanta for a low mintage or rare silver coin.
Selling Your Silver Coins to Silver Coin Dealers
Determine the value of your silver coins before visiting silver coin dealers. You can find out the market value of your coins by checking the current price of silver in the commodities market, consulting price guides or checking out recent sale prices online. You can also have your coins graded by a professional coin expert. If you are on a budget, you can grade the coins yourself. Use a coin guidebook or look for websites that offer useful tips on how to grade coins yourself. Once you have a good idea of how much your coins are worth, choose a silver coin dealer in Atlanta that is reputable, trustworthy and experienced. One that is a member of the American Numismatic Association and the Better Business Bureau is ideal.
Before you sell your silver coins to silver coin dealers, it is highly recommended that you choose the opportune time to sell your silver coins—when the price of silver is high. Know the value or estimated worth of your coins prior to selling them, don’t hesitate to negotiate a fair price for your silver coins, and choose an experienced and reputable silver coin dealer with whom you can do business.