Old Silver Coins

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The Best Ways Of Selling Silver Coins

Silver is one of the most valued metals on earth. Since ages ago, it made its mark as a beautiful shiny material for jewelry, tableware, and coinage. Today it is used in a variety of fields including electronics and medicine. Like gold and other precious gems and metals, silver is most often sought after for its value. People who own it resort to selling silver as a way to dispose of unused items in exchange for fast and easy money.

It is important to remember these pointers, which you probably will since it is a short list of essentials. Here are some do's and don'ts for selling your silver pieces.

Do Have It Appraised

Just like selling gold or diamonds, make sure to have your silver appraised for you to find out their base price or estimated value. From there, you can determine how much you can possibly get in exchange for what you have. When selling silver, you can have the value of the pieces estimated in a pawnshop or a local jeweler. In addition, watch out for any market price for up to date values. In the past month, it appears the price of silver is around $40 for an ounce.

Don't Settle for Pawnshops

While you can ask a pawnshop to tell you the value of the silver you have, do not sell the pieces to them right away. Pawnshops are known to offer very low estimated values, so unless you are in dire need of cash immediately, do not sell to them. In fact, before selling silver, it is better if you visit a pawnshop or two as well as a few other local jewelry stores. It is best to have the pieces appraised in at least three or four places so you can compare values.

Do Check Online

If you find that your local jewelry stores are a bit iffy, do not feel pressured to make a decision right away. Aside from pawnshops and local stores, do check for reputable online dealers. Some of them are found to offer higher prices and can give you your much needed cash in an instant. All you have to do is to mail them the silver pieces, and later on your check will be mailed to you.

Don't Forget to Investigate

Selling silver can be risky, especially so if you end up selling online. Do not forget to investigate on the dealer; make sure that they are reputable and trustworthy. You can check on the Better Business Bureau if there were any complaints filed against that particular dealer. It is vital that you transact business with a legitimate buyer to avoid any rip offs.

You never know when emergency situations requiring money may occur. For this reason, assets in the form of gold, silver or other precious stones and metals can be a big help in alleviating financial troubles. If you have silver coins or jewelry, you can easily resort to selling silver to get the financial aid you need.

About the Author
A fast way to earn money is by selling old silver coins. Selling jewelry and selling silver are both very popular these days. You should try to sell these types of coins and see how much you and your family can advantage from them.

Old Silver Coins

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Cleaning Silver Coins & Old Nickles Part 1 of a 3 Part Series

Frequently Asked Questions...

how do you clean tarnished silver?

I have this really old silver coin. It's all tarnished and I dont know how to clean it. Can u help me????


Best Answer...

Answer:

Homemade Easy Way to Clean Silver
This procedure to clean silver at home lends itself to the removal of tarnish from flatware or holloware. In an aluminum pot or a pot lined with aluminum foil, mix a dilute solution of equal parts of baking soda, salt, and liquid soap. A quarter cup of each to a gallon of water would be a typical mixture. Set the sterling into the pot, bring the mix to a boil and allow to stand for a few minutes. Oxides are transferred to the aluminum. Rinse in water and wash before using.

We don't see any reason why this method wouldn't work for cleaning your tarnished silver finds. You might want to give it a try.

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