Anyone who has old silver dollars lying around and are looking for a quick way to make cash should look into whether they would want to sell silver dollars. With the general robustness of the coin market combined with the high spot price of silver, investments in silver are paying off substantial sums that could certainly help anyone in need. Likewise, those who have coin collections and are attempting to free up funds for other coins that might be of interest, can sell silver coin for top dollar to fund their collection.

Once you’ve made the decision to sell silver dollars, it would be in your best interest to research the value of your coins prior to selling them to a silver coin buyer. Most common date silver dollars will sell for a set rate, as the value of these coins is primarily determined by the silver content of the coins; however, key date and uncirculated coins typically sell for a premium. In fact, if rare enough, you can receive many times the price of the underlying silver value of the coin by selling silver dollars that are of the low mintage variety. These coins are commonly referred to as collectible or numismatic coins, and can bring substantial sums when you sell them to the right coin dealer.

Once the seller has an idea of the expected market value for the coins, it’s time to find the right coin dealer for your items. For this purpose, there are plenty of coin dealerships in any one area that can offer competitive prices for your coins. To maximize the selling price of the coins, consider these tips that will help you narrow down your search for the best coin buyer:

1. The most reputable coin dealers typically also pay the best prices for your coins. Obtaining more than one quote, especially if the initial quote appears to be on the low side, will help you maximize the price that you’re able to receive when selling silver dollars.

2. Many individuals, especially those that received a large quantity of silver dollars as an inheritance, will want to sell their coins on a routine basis. If you’re in this position, it’s important to establish a relationship with a reputable coin dealer. There are resources online and through the BBB to determine if the coin dealer that you’ve chosen is one that operates with a sense of integrity.

3. Family-owned coin dealers that place a high emphasis on a strong set of values will always act fairly and honestly. Conversely, companies that have only been recently started to take advantage of the high spot price of silver still have a ways to go to prove that they can be relied on as business partners for those who are interested in selling their silver coins.

Another option is to use auctions or online auction sites, but we recommend against doing so. Not only do the expenses of selling coins through auctions tend to be cost prohibitive, but you also don’t know who you’re selling your coins to – which is especially true with online auction sites. If you’re dealing with a less than ethical person on the other end, you could potentially lose hundreds, if not thousands of dollars.

While online auction sites might not be the best approach to sell silver dollars, don’t hesitate to do business with a highly reputable online dealer. You can check the silver coin buyer’s reputation online and through the Better Business Bureau to ensure that you’re dealing with an ethical coin dealer. Selling silver dollars online, especially when properly insured, is just as safe as taking your silver dollars to a local coin dealer. Furthermore, you’re able to sell your coins without ever leaving the comfort of your home, which is a nice option for folks that live in more rural areas or that have schedules that prevent them from doing business with a silver coin dealer during regular business hours.

Want to find out more about how to sell silver dollars, then visit Atlanta Gold and Coin Buyers‘ site on how to choose the best coin dealer when selling silver dollars.