Do you have silver dollars in your possession, and are thinking about selling them? Are you fascinated with the idea of <a href="http://atlantagoldandcoin.com/coins/silver-coins/">selling silver dollars</a>, but are unsure of how to acquire them?
Indeed, those who sell silver dollars are primed for major growth in their investments. Consider how much profit you could expect for a $1,000 bag of Morgan silver dollars bought 5 years ago at a spot price of $12 per ounce? Today, that same bag would sell for about $23,000- versus the $9,300 that it would have required to buy that same bag back five years ago. That translates into an easy profit of $12,000 which can easily be gained by <a href="http://atlantagoldandcoin.com/coins/silver-coins/">selling silver dollars</a>.
Fact: silver dollars are NOT 100 percent silver. Silver dollars are actually only 90% silver. There are also only a FEW rare mints that you should even consider buying or selling. You may very well have some of these in your current collection. With this being said, the most secure way to sell silver dollars would be to sell them in bulk form. You can sell your silver dollars to either an individual, a large corporately owned precious metals dealer, or to a smaller coin dealership of the same sort. Many people choose to sell to coin dealers because they have some of the most competitive prices around. I warn you, that you will need to shop around though before you make any decisions.
Compared to other silver coin buyers- coin dealerships posses certain advantages which allow them to offer higher asking prices. These include:
1. 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.
* Choose a coin dealership of high regard- The more reputable the business, the better your chances are of receiving the best price when you sell silver dollars. Get a few quotes from a couple of your local dealers to compare the most competitive prices before you sell your silver dollars. This is very important to remember in the long run!
c) Higher business transactions. This can be a good or bad thing for you, depending upon what you know about the market. Since some dealerships are larger, they will have countless expenses that they will need to cover, such as taxes, marketing and other miscellaneous expenses. While percentages will vary depending on what the dealer has in stock, usually 80% of a coin's retail value is what you will be offered. Take some time out to speak with a local dealer to confirm any quotes.
d) Middlemen are not necessary. Kick that extra person to the side 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 initially take this step yourself?
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!
Indeed, those who sell silver dollars are primed for major growth in their investments. Consider how much profit you could expect for a $1,000 bag of Morgan silver dollars bought 5 years ago at a spot price of $12 per ounce? Today, that same bag would sell for about $23,000- versus the $9,300 that it would have required to buy that same bag back five years ago. That translates into an easy profit of $12,000 which can easily be gained by <a href="http://atlantagoldandcoin.com/coins/silver-coins/">selling silver dollars</a>.
Fact: silver dollars are NOT 100 percent silver. Silver dollars are actually only 90% silver. There are also only a FEW rare mints that you should even consider buying or selling. You may very well have some of these in your current collection. With this being said, the most secure way to sell silver dollars would be to sell them in bulk form. You can sell your silver dollars to either an individual, a large corporately owned precious metals dealer, or to a smaller coin dealership of the same sort. Many people choose to sell to coin dealers because they have some of the most competitive prices around. I warn you, that you will need to shop around though before you make any decisions.
Compared to other silver coin buyers- coin dealerships posses certain advantages which allow them to offer higher asking prices. These include:
1. 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.
* Choose a coin dealership of high regard- The more reputable the business, the better your chances are of receiving the best price when you sell silver dollars. Get a few quotes from a couple of your local dealers to compare the most competitive prices before you sell your silver dollars. This is very important to remember in the long run!
c) Higher business transactions. This can be a good or bad thing for you, depending upon what you know about the market. Since some dealerships are larger, they will have countless expenses that they will need to cover, such as taxes, marketing and other miscellaneous expenses. While percentages will vary depending on what the dealer has in stock, usually 80% of a coin's retail value is what you will be offered. Take some time out to speak with a local dealer to confirm any quotes.
d) Middlemen are not necessary. Kick that extra person to the side 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 initially take this step yourself?
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!
About the Author:
Looking to find the best deal when selling silver dollars, then visit www.atlantagoldandcoin.com to find the best advice on when to sell silver dollars to receive the best prices.
0 comments:
Post a Comment