WikiCoins:How to Buy Silver Coins and Sell Coin Collections for a Profit

The silver coin market is booming due to the strong performance of silver in recent years. People are asking how to sell coin collections and how to make sure they buy the right coins in the first place. Collectable or numismatic silver coins are a lot less expensive than gold coins and this makes the possible profit margins very attractive. If you are careful – and follow our advice – you will be able to pick up some excellent bargains which you can hold onto as an investment or sell for a quick profit.

Buying From a Trusted Dealer

If you are new to buying silver coins then it is important that you do you research. You are obviously in the right mindset because you are reading this article. When you are comfortable with the idea of investing in silver coins the most important piece of advice we can give is research the background of any individual, or company, who is offering to sell coin collections.

If they are a local store you can ask other locals. Do you know any friends or family who have bought coins from your local dealer before? Do they have a presence in the local community, are they trustworthy? All of this information will help you decide if they really are the sort of person or company that you want to hand your money over to.

You can research brick and mortar companies online. Even if they are not selling silver coins online there may be reviews of their shop, their transactions and their services. While most coin dealers are fairly honest, there are some dealers who will sell silver coins for too high a price and they may even try to sell you fake or replica coins. Once again do your research and you will be successful.

Buy at the right time

The second biggest piece of advice we can give is to buy your silver coins when the price of silver is favorable. Obviously you want the price of silver to be as low as possible so that you’ll benefit from the upside of silver when someone tries to sell their coin collection to you. The price of silver usually falls when the economy is strong. This is because serious investors use silver to protect themselves against inflation.

Choosing the right coins

You are investing in silver coins because of their underlying value. However you are also able to make a profit if you have rare and collectable coins in your silver coin collection. It is also enjoyable to hold onto these pieces of history. You can put your investment pieces out on display. If you have an American Silver Eagle, a Canadian Silver Maple Leaf or even a rare Chinese Panda Silver coin you will always have something to talk about.

Collecting silver coins, holding them while their value increases and eventually trying to sell coin collections is an enjoyable method of investing. It can be more fun than putting your money away in a bank – and with interest rates so low, and the price of silver increasing all the time, now is a great time to begin.

Don't Sell Silver Eagles Until You Read This Article

Collecting rare and unusual silver coins is a fantastic hobby and can lead to some serious profits. If you are able to sell silver eagles – U.S. bullion silver coins produced since 1986 - or other silver coins from 1964 or earlier, when standard practice was to have 90% silver coins, you will be making a lot of money. Of course, before you can start selling silver coins you will need to invest. Here you can read about three of the most interesting silver coins – where to buy them, what to look out for and how to sell your rare coins.

American Silver Eagles Perhaps the most famous silver coin is the American Silver Eagle. If you have inherited a collection of coins and any of them are pure silver bullion coins, then you may want to pick out these coins first.

When you sell silver eagles you don't just make money on the silver content but on the rarity of the coin and the history that comes with it. A typical silver eagle sells for around $30 but if you are lucky enough to have a 1995-W proof in your silver coin collection these can sell for $1,000 or more. The most valuable silver eagle coins are proof coins, which were oftentimes produced in numbers less than a hundred thousand. The silver bullion versions are usually produced in the millions. Our advice is that you research the value of your coin before you try to sell silver eagles or any other rare, high percentage silver coin.

Canadian Silver Maple Leaf

The Canadian equivalent of the American Silver Eagle is the Canadian Silver Maple Leaf. These coins are 99.99% silver and are released annually by the Canadian government as bullion silver coins. The rarity of certain issues – like for those trying to sell silver eagles – means that if you have a Canadian Silver Maple Leaf from the right year you will be able to demand a premium above the value of the silver alone. In 1996 and 1997 the Canadian government only released a few hundred thousand silver bullion coins, whereas in a typical year they will mint millions. This means that if you have coins from those years you will be able to sell them for a premium price.

Once again it is advisable to do as much research as you can before you try to sell silver eagles or silver maple leaves. Be sure that you’re dealing with a reputable coin dealer or you may find that you’re not receiving the true market value when it comes to your investments. Like any investment you want to buy low and sell high. With the new knowledge you have, you can now be on the lookout for proof versions of the American Silver Eagle or the 1996, 1997 Canadian Silver Maple Leaf – if you find them at a knockout price, and you are able to verify they are not fakes then you would be foolish not to buy them. Atlanta Gold and Coin Buyers Gold Coins Atlanta