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Monday, March 12, 2012

Reasons to Consider Selling Silver Dollars

By Glen Phillips


In the last few years, the surge in value of precious metals means that there is no occasion more perfect than now to start selling silver dollars. Anyone who invested in Morgan or Peace silver dollars a few years ago would be pleased to know that in the last few years, their investment has grown two-fold and could now easily fetch twice the price in the current market.

For those of you who are old-heads in this glorious market, I'm sure that you are pleased to know that the spot price of some of the most treasured silver dollars has more than doubled over the past few years. A great example happens to be Morgan silver dollars- profit increases are strong for an investor of these coins. Morgan silver dollars are one of the most famous U.S. coins ever to hit the market. These silver dollars are widely known for their value, beauty, and the quality of their mint or strike. If you are new to selling silver dollars, then I challenge you to research these magnificent coins; you will not be disappointed, that's for sure! Now, I am going to take this time to discuss the general procedures on how to sell silver dollars for those who have never done this before.

You only need discover the perfect silver coin buyer to dislodge your goods. But do not rush- you need to know your coin's value and history before you can sell them, or else you will not get a good turnover. Check out a few websites and coin magazines in order to learn everything you can about your silver dollars. The older your coin's mint, the better asking price you will receive once you put your silver dollars on the market.

Compared to other silver coin buyers- coin dealerships posses certain advantages which allow them to offer higher asking prices. These include:

Coin dealerships which have been in this business for a considerably longer period than most other buyers- especially individuals. They are better equipped to read the trends and therefore have more margin that they need to operate. If you were dealing with an individual, chances are you would be quoted for a significantly lower price than what a coin dealership would offer.

More money means potentially more revenue for you. Silver coin dealers usually are better capitalized than individuals, and are more likely to provide better asking prices then an individual would. This is not always guaranteed, but it is fairly commonplace.

The most important advantage of transacting with silver coin dealers is that they handle a higher volume of transactions than other businesses. This allows them to normalize the fluctuations in the spot price of silver over a given time. Contrast this with an individual who would buy silver from you, then resell it later on in the same day.

Middlemen are not necessary. Kick that extra person to the curb and keep more revenue in your pocket! Many an individual has been prone to selling their goods to a coin dealership after a purchase, so why waste any unnecessary time or money when you can deal directly with coin dealers?

Selling silver dollars in bulk can be a sound way of investing in your future- whether you are looking to buy a home or car, to retire or maybe even to start a college fund for your child. Don't let such an amazing opportunity pass you by; start by selling your silver dollars today!




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