An investor profits from junk silver in two ways. The most common idea is profiting from the rising price of silver. When an investor buys a batch of junk silver and the price of silver rises, the investor can cash-out and profit from her investment. The second idea and less common, is profiting from the spread of the coins. So, where do you find your next silver investment in junk silver? Rated number one because junk silver in thousands of varieties abounds on eBay.
In addition to the amount of junk silver, eBay also provides information on the credibility of each seller. As an investor buying your next asset, finding an honest seller could mean the difference between profit or loss. Circulated Quarters or Batch of Silver Nickels. Provident Metals almost specializes in Junk Silver. Even still, the selection at Provident Metals is impressive. Add that to the stellar reputation of Provident Metals and you have yourself with a stable place to buy junk silver.
Staring in , Money Metals Exchange has made significant progress becoming a top online bullion dealer. Stefan Gleason started Money Metals while serving the president of a financial newsletter subscription company. He understands the value of connecting with customers using content.
He believes as we do here at Silver Monthly , that investors should buy precious metals at or near the spot price of the metal. Read reviews of Money Metals Exchange. Lloyds of London underwrites all of their shipments of gold and silver. Monex, with the professional image CMI casts, Monex casts the same. Again, Internet shoppers will be disappointed because Monex wants you to call an account representative before you can make a purchase. To concluded this article in rather simple terms, if you love the Internet use eBay, Lynn Coins, or C.
The most commonly collected U. When minted some coins contain 0. Gram for gram, silver bars as well as silver rounds are usually cheaper than legal-tender silver coins. This is so for a variety of reasons, including low production costs and processing fees. There is also a much smaller pool of collectors and potential buyers. But with silver coins? You may not wish to spend your silver coins at face value. But if you have to, you can. Silver coins are also much more widely recognizable to buyers than silver bars.
Some folks may not trust buying a silver bar—especially one from an off-brand. But a Mercury dime, silver Washington quarter, Walking Liberty half dollar, Franklin half dollar, or Kennedy half dollar? You can bet your bottom dollar that virtually everybody will recognize those coins and understand their inherent value. You can read more about comparing silver coins vs. It all depends. Most silver bullion coins are sold in weights of no less than one ounce.
So, you will usually have to pay more in the absolute sense per coin to buy silver bullion coinage versus what you might spend buying individual silver dimes, quarters, half dollars, and silver dollars. This can mean paying a lower numismatic premium gram for gram per coin than you might spend on buying smaller pre silver coins.
And an added benefit of buying silver bullion coins? Still, junk silver coins have their own neat perks. They are nostalgic. They can be easily spent as money, which could become useful in emergency scenarios or disasters. The decision to accumulate junk silver or bullion is a determination you should make by defining what your silver investing goals are.
Ask yourself: What are you willing to risk in terms of cost and liquidity? What financial goals are you hoping to achieve over the long run? The prices of silver coins are all over the board. Some are really cheap while others are quite expensive. However, price alone may not dictate what silver coins you should buy.
You might care less about the price of your silver coins and rather spend more attention buying a certain type of silver coin s. As silver investing goes, sometimes it's not just about stacking the tallest pile of silver at the lowest price. It's also about buying a certain type of silver coin—or silver product—you like and have faith in as an investment. They can act as a hedge against inflation over the duration of months, years, or decades.
Still, they may cost more, gram for gram, than most investment-quality bullion coins, such as the American Silver Eagle. They also have the crossover marketability as collectible coins, with the chance that some may contain overlooked varieties or errors.
However, American Silver Eagles have a higher silver purity. Additionally, Canadian Silver Maple Leafs and other popular silver bullion coins are highly liquid. This means they have a large, ready marketplace. These factors can help you determine what type of silver coin is best for your investment goals. You will most likely not receive full melt value in that scenario.
You can sell your silver by offering it to a coin dealer or bullion broker. They can give you the best price, too. Before visiting a coin dealer or bullion agent, be sure to call or send them an email to find out if you have to make an appointment to visit. You should also make sure they buy the type of silver items you wish to sell. Some silver coins are worth only their melt value, while others are scarcer or higher quality and may be worth significantly more.
A reputable and skilled coin dealer will be able to tell the difference between the silver coins that are worth merely their intrinsic metal content versus those worth a significant numismatic premium. Therefore, the best way to sell silver coins is to take them to a coin dealer or bullion broker who is also knowledgeable in rare and collectible silver coins. Some silver coins are worth more for their numismatic attributes than for their precious metal content. This is particularly true with higher-grade silver coins.
It also applies to older early 20th-century and earlier coinage, or scarce dates. Otherwise, selling junk silver for melt is fine. Coin shops and bullion brokerage firms are usually the best places to sell your silver coins.
Such places are generally staffed by experts who know the current prices of silver and can give you a fair offer. Be sure you only sell your silver to reputable coin dealers or bullion brokers who are accredited by the Better Business Bureau BBB. These dealers are known and trusted by coin collectors, precious metals investors, and others involved in the bullion industry.
You can sell your silver coins for melt value by taking them to a coin dealer or bullion broker who is offering to buy silver coins. Bear in mind that bullion businesses need to pay for overhead costs, advertising fees, and other day-to-day necessities.
Therefore, they may not be able to pay exactly melt value but are usually offering to pay within a few percentage points of that price point. Pawn shops will pay different prices for silver depending on the individual store, and these prices change day by day.
However, it is not recommended to sell your silver—or any bullion or rare and collectible coins—to pawn shops. The price would be outdated almost the moment this webpage was published.
What you should consider when deciding what a fair price is to pay for junk silver coins is the current spot price. Try paying as close to that figure as you can. Remember, you get what you pay for! Many folks who buy silver do so for the long haul. Enter your email address and we will send you a link to reset your password. Send Password Reset Email. Or Return to Log in. Morgan was British by birth, but came to the US as an apprentice engraver and designer for the US Mint at a time when it was difficult to find employment in the same role at the Royal Mint.
The Morgan Silver Dollar was primarily in circulation from to , with a partial year in Created by Adolph A. Weinman, the vision of Liberty on the obverse included a winged cap. The vision of Liberty Weinman created resembled the Roman messenger god Mercury, hence the name.
Mercury Dimes were in circulation from to early Weinman in , the same year as the Mercury Dime. Kennedy designs. The obverse bust of President John F. Eisenhower in left-profile relief, with a depiction of an American bald eagle landing on the moon in the reverse.
Both designs on this coin come from Frank Gasparro. These designs include: The obverse features a left-profile bust of Thomas Jefferson, the third President of the United States. The design is based on a sculpting of Jefferson completed by Jean-Antoine Houdon. On the reverse is a depiction of Monticello, the home of Jefferson in his native Virginia.
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