Where to sell silver? (cash, collection, investor, buying)

[Humanoid]

So, I have a bunch of silver in bar/coin form that I've gotten from a number of older relatives over the years. How do you go about selling this stuff? Some of it is is pure silver bars and coins and other are things like Morgan Silver dollars (which I believe are only .900) mostly from the late 1800's.

Now, I have hundreds of Eisenhower silver dollars (and Kennedy half dollars), but I assume these are worth $1 and $.50 and can be taken to the bank.

[j_k_k]

Coin and jewelry dealers who deal in silver will buy the metal from you. Or you can advertise it on craigslist. I'm always buying collections on there.

By the way, don't be too hasty on the Kennedys. The 1965-70 ones have some silver content, though not as much as the '64s. Most of the Ikes and JFKs aren't worth much if any premium.


To learn the melt value of a coin: Current Melt Value Of Coins - How Much Is Your Coin Worth?. Frankly, I wouldn't be in a huge hurry to unload the silver at this point unless you somehow need the money. I don't think it'll get way down there again, and that you will be selling low.

[AONE]

With coins do your homework some of these may be worth a great deal more than face value to a collector. if it is a collectible you will do far better than melt down cost. If you seek a collectors opinion then seek more than one. Make sure they are from the Atocha or something..

[LiderTrack]

Is it necessary to sell silver now?

[Allisonso]

If you are looking into selling silver or gold coins, the first step to consider is whether or not your coins have numismatic value. Coins with numismatic value are those that are worth more than their precious metal content. The value of rare coins is determined by four criteria:
Rarity
Quality
Grade
Popularity

Other silver coins are commonly referred to as “junk silver.” These coins have no value beyond their silver content. In the United States, most silver coins minted before 1964 have a fair amount of silver content and have value based on this precious metal content.


Here are a few examples of the most common junk silver coins:

(1942-1945) Silver War Nickel
(1916-1945) Mercury Dime
(1946-1964) Roosevelt Dime
(1932-1964) Washington Quarter
(1916-1947) Liberty Half Dollar
(1948-1963) Franklin Half Dollar
(1964) Kennedy Half Dollar
(1965-1970) Kennedy Half Dollar
(1878-1921) Morgan Dollar
(1921-1935) Peace Dollar
(1971-1976) Eisenhower Dollar
(1920-1967) Canadian Dime
(1920-1967) Canadian Quarter
(1920-1967) Canadian Half Dollar
(1935-1967) Canadian Dollar

[tallrick]

I don't know about anyone else, but I am always looking to buy gold and silver from individual investors. Unlike a dealer, I pay spot and just sit on it. Coins can have numismatic value but to me they are just bullion. Bars are a great find if you can verify them. I picked up a Johnson silver bar around 70 lbs a while ago that has been sitting around for over a decade. If I had a gold bar that size I would never have to work again!

[oz in SC]

Bullion direct.

I have bought and sold both coins and silver bars there in the past.

The older coins might be worth more to collectors than as 'stores of wealth' as bars and rounds are....

Also the Kennedy half dollars IF they are from1964 are 90% silver,after that it is 40%.

Research 'junk silver' to see what I am referring to.

[sonarrat]

I wonder if you could sell some futures. Say, you agree to provide your silver for a certain dollar value in January 2012.. of course, it's not necessary to actually hold the asset to do this, but if you do, it would make it a lot safer, yes? I'm a big fan of the dynamics of selling futures and options, because you get money just from the time value alone.

[geos]

I wouldn't be in a big rush to sell. Unless you need cash now sit on it for a few years. As a hedge against inflation it's hard to beat. There's a lot more upside potential than downside at this point.

[blueman_fan1]

I'd reccommend to hang on to your coins at this point also...Tangible assets! If the dollar decides to clunker all the way down atleast those who have these will be well off!