questionswhere should i sell my silver?


Since you have coins, I would recommend you weigh them, and get a ballpark value by checking the spot price for silver. Then take them to the coin shops in your area and see what kind of prices they will give you. You may have a rarity or two that is worth much more to a collector than the intrinsic value of the silver itself.


@nephrectomy1: Any recommendation to what I should expect to sell them for. What is a typical expected offer? Since the price is now 40.34.

Thank you for the help


Definitely shop around. Weighing/ checking for rarities is a fantastic idea, but also consider coin shops, websites (though thats probably not your best bet), perhaps even auctions. Get an estimated value and maybe invest a little to make the collection look nice (ie mounted) and perhaps it could sell at an auction.

Probably also a good idea to see what other people who are selling silver are doing. Google is always your best friend!


@menudude: There are certain dates/mint marks that were produced in lower quantities that the rest, these certain dates/mint marks will be worth more to a collector than the silver itself is worth. And remember, the primary factor in considering these is each piece's condition. The closer it's condition to brand-new, the higher the worth.

Although my expertise is in currency (primarily two-dollar notes) the basic fundamentals hold true.


Thanks for your help.

Heres an example of some of the coins I have.

I poked around on ebay and found two listings of the book I own. One for 3000 the other for 3500. The silver itself is worth 2233. The book I own is in good condition.

So you think I might be better off selling the set rather than the value of the coin?

I also have a lot of 1970s Eisenhower coins and I noticed that have a different amount of silver based on the year they were released.


Much of what I'd already said here:

applies as advice to you as well. Do NOT use the mail your stuff in places. As far as I know, 100% of them are scams. There are plenty of places that will buy coins. I see from the eBay link that yours are "Franklin Mint" coins, however, and very few of those will actually retain their face value. I see the price on that particular one, but remember, price asked and price received are often quite different.

If you are in a large city, just find a coin dealer in a reputable area, and take them in. Don't go for the first offer, but try two or three. The way to make money from metals is to play the commodities market, not to buy the stuff directly.

I buy jewelry for its intrinsic beauty, and do not ever fool myself that it is an investment.

I may be back later...


@menudude: I also saw that you have Eisenhower coins, which are usually worth a decent price. Are you in a good sized city?


@shrdlu: Thanks for the help!

I live in Fort Wayne, IN. They pretend to be a big city but definitly operate like a small city.

So Id say no

@happyknappybeard Tried that. That only let people post dabloons


@menudude: Use this to find a reputable dealer in a city close to you.

I strongly recommend a face to face meeting, rather than selling on line. I've seen extremely valuable collections at antique auctions be sold for prices that would just break your heart. I adore antique auctions, and have purchased wonderful bargains by by bidding slightly above what dealers will pay (they have to make a profit, and seldom bid above salvage value).

I don't buy coins, but rafts of coins and coin collections are always at the auctions I go to.


@shrdlu: Excellent advice, I heartily agree.

@menudude: I thought you had a bunch of "solid" silver (pre-1965) US coins.

It appears to me that you have what I would call a "commemorative" that is available in a finite quantity. Depending on demand, that could be a good thing or a bad thing.
I echo @shrdlu: in advising you to seek the advice of a reputable coin shop or two before deciding.


Sell silver? hahaha Keep that man!

But if you do to sell it, eBay is a hot market. I always watch the auctions and it always goes above spot.

At a pawn shop or coin store they will offer you below spot price.


@iggz: I'm probably going to list it on ebay like the other individuals and if it is bought for over the silver value I would be satisfied. If no one buys it then I will call around and find a place that will give me a good deal on the silver value.