Assuming that you’re familiar with the precious metals market, you may have noticed that you can now sell silver eagles for more than you’ve been able to receive for your silver coins in recent years. In years past, the silver market substantially trailed the gold market, and little attention was given to silver and silver coins as a means of gaining wealth; however, that has now changed. More and more people are realizing that they can earn a substantial amount of cash by selling silver eagles – assuming that they do so the right way.
You may have been considering the sale of your silver coins that you’ve received as an inheritance, through an estate, or that you’ve just had for years. If you’re in this position, we recommend that you read the following guidelines to receive more when you sell your silver eagles.
1. The main value of the Silver Eagle is in the amount of silver they contain. As mentioned, the popularity of the coin has made it a common item so much so that it has limited value as a collector’s item. However, in terms of pure silver content, you can be confident that silver eagles still command a good price in the market.
It would behoove you to monitor the price of silver so that you know when to sell silver eagles. The current spot price of silver can be found on the London Metal Exchange, and changes throughout the day. Needless to say, the best time to sell silver eagles is when the price is up, as is the case now. If the market has had a recent sell off, you should consider waiting until it stabilizes and is on its way back up before selling silver eagles.
2. It’s important to have a realistic expectation when you sell your silver coins. Considering that silver coins don’t contain numismatic or collectible value, you should expect to receive slightly less than the spot price of silver when you sell your silver eagles; however, unless your coins are circulated or have toning, you should expect to receive a price close to the spot price of silver.
3. To get the best price for your silver eagles, always find local coin dealerships that have been in business for a while. There is an inherent risk in online auction sites, primarily because of the exorbitant listing fees and the fact that the coins take a while before they sell. If you want to exploit prevailing silver prices, your best bet is with a local coin dealer.
4. While we’ve already alluded to this, this best time to buy is when prices are down and the best time to sell is when prices are high. In fact, if you closely monitor the precious metals market, you can strategically buy and sell silver eagles at the right time, allowing you to essentially treat buying and selling silver eagles as if they were common stock.
As previously mentioned, considering that the precious metals market is currently performing well, now may be one of the best times to sell silver eagles. You can turn your silver bullion into instant cash by selling to reputable coin dealer in Atlanta or online coin dealer.
Looking to find the best deal when you sell silver eagles, then visit www.atlantagoldandcoin.com to find the best advice on selling silver eagles in Atlanta or online