If you’re similar to a number of individuals, you may have been a collector of Franklin Mint sets from the ’70’s, 80’s, and 90’s, and are now interested in receiving top dollar when you sell your Franklin Mint set consisting of sterling silver coins, rounds, medals, and ingots.

Regardless of how you happened to come across your Franklin Mint silver coin collection, taking heed to the following guidelines and tips should help you to receive more money when you sell your Franklin Mint silver coin collection to a silver coin buyer.

First and foremost, if you haven’t been following the precious metals market in recent years, and in particular the silver market, you might be surprised to find out that the price of silver has tripled over the past three years, making this an ideal time to sell your Franklin Mint set. The increase in the price of silver is as a result of several factors, all of which have created a perfect storm for an unbelievably performing precious metals market.

Considering that the price of silver was relatively low when most Franklin Mint sets were minted, it’s more common than not to find a relatively high mintage of most sterling silver sets. The high mintage of most of these sets unfortunately works against the seller, as there’s very little collectible value with these sets. In other words, since they’re fairly common, it’s unrealistic to expect a premium when you sell your Franklin Mint silver coin, medal, or ingot collection. Furthermore, Franklin Mint sets are generally composed of sterling silver (typically a combination of silver and copper) as opposed to pure silver, which is in less demand.

Now that you’ve established realistic expectations, the next step is trying to find a reputable local coin dealer or online coin dealer to whom you can sell your coins, bars, or medals online. When researching companies, make sure that you only consider „A“ rated accredited members of the Better Business Bureau that have no outstanding complaints, and have been in business for a year or longer. This is a sufficient time period to establish a reputation in the industry.

Once you’re satisfied with the silver coin buyers‘ reputation on the Better Business Bureau’s website, we recommend that you do a general search of the silver dealer on the internet to determine what type of reviews they’ve had. Comments or testimonials from previous customers is oftentimes the best information on which to determine whether you should consider selling your Franklin Mint set to the silver coin dealer you’re researching.

If you’ve come this far and are still comfortable with the silver coin dealer to whom you’re considering selling your Franklin Mint set, check the website of the coin dealer to get a better idea of their approach to conducting business. Are they customer service oriented and do they appear to put the interests of their customers ahead of their own? If you don’t get the sense that this is the case, you may want to consider selling your Franklin Mint silver collection to another dealer.

Furthermore, whether the quote that you receive for your Franklin Mint set is over the phone, in person, or online, it should be a straightforward price that is easy to understand. If the silver coin dealer provides you with a quote based on pennyweights, grams, or some other basis that isn’t easy to understand, consider moving on. The quote provided should be provided on a per silver coin, medal, or ingot basis, or for the collection as a whole.

Also, if you have selected a coin dealer from out of town or out of state, and will be shipping your collection, make sure that the silver coin dealer is willing to lock in a rate for you. You don’t want to run the risk of the price of silver dropping while your set is in route, which could end up costing you hundreds of dollars.

Hopefully you’ve found the above article helpful, and are now properly armed to receive the most when you decide to sell your Franklin Mint silver collection.

Want to find out more about how to sell Franklin Mint sets for more, then visit Atlanta Gold and Coin Buyers‘ site on how to choose the best silver coin dealer when you sell Franklin Mint collections.