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How to Sell Your Silver Collectible Coins

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If you want to know how to sell your silver collectible coins, arm yourself first with certain details. These details should highlight a silver coin's price or the silver coin dollar value. Both gold and silver coin prices can be accessed online. Review the information below to learn more about selling offline and online.

Determine the Pricing

To price silver coins today, it helps to know the AWS (actual silver weight). That number supports a coin's actual silver value. Multiply the ASW by the spot price for silver to obtain the actual value.

Review Your Hobbies and Games/Collecting Inventory

Before you sell your coins, you need to know what exactly you have on hand. Silver collectible coins come in various forms, such as bullion coins, junk silver, and rare coins and collectibles. To ensure you receive a fair price, it is helpful to know what you have.

Define What You Have

Next, you need to define the silver collectible coins you own. Bullion coins originate from government mints and are .999 fine silver. They typically sell at a premium to the spot price for silver.

Junk silver represents US silver coins issued before 1965. They contain 90% silver and come in the form of quarters, dimes, half-dollars, and silver dollars. You can sell the coins for the current melt value.

Rare coins comprise graded or slabbed coins, or a series of coins in a collection. Coins sell at high premiums, depending on the coin's age, strike, quality, and rarity. Appraise the coins before you try to sell them.

Submit Rare Coins to the PCGS for Grading

If you think one or more of your coins is rare, submit each coin to the Professional Coin Grading Service, or the PCGS in the US. The service will professionally grade the coin and let you know beforehand what you can expect to make if you sell the coin. You can receive more for a collectible coin by having it graded.

Sell Your Silver Coins to a Local and Reputable Coin Shop

It is always helpful to be on good terms with a local coin shop. Choose a well-known dealer that has been in business for a while. By taking this approach, you can also receive alerts when the dealer receives a coin of interest. Face-to-face exchanges ensure fair pricing as well as privacy.

Sell Coins to a Pawn Shop

If you wish to receive instant cash, you can make an easy sell at a pawn shop. Pawn shops accept all types of silver, including coins, jewelry, sterling, and scrap. However, you may also sacrifice what you deserve in terms of value. A pawnbroker may not give you a fair price for your coins.

Sell Coins at Coin Shows

If you can wait to sell your coin or coins, you can receive a nice sum for what you sell at a show. When selling at shows, obtain several quotes from dealers to ensure that you get a good price. A coin show is a good place to transact sales, especially if you wish to sell a rare coin. You can also get coins graded at coin events.

Sell Your Coins Online

You can find a large number of coin dealers online. Some dealers even feature silver buying programs. You can also sell your coins on eBay. Seller fees on eBay, however, can reduce your profit. Therefore, you need to carefully review the listing rules before you sell on the auction site.