How to Sell Silver Coins
- 1). Grade your coins to the best of your ability. It's important before selling to determine a fair estimate of the grade, and therefore value, of your coins. If you take your coins to a dealer, he will determine the grade, but if you are selling in an online auction you need to estimate the grade yourself. Grades range from About Good (AG-3) to Perfect Uncirculated (MS-70). Use a guide such as Whitman's Red Book to help you determine the proper grades for each coin.
- 2). Sell your coins to a local dealer. You will usually get less money from a dealer because he has to make money reselling the coins, but you can turn your coins into cash quickly this way.
- 3). Use an auction website such as eBay. This method will get the most eyeballs on your coins with the millions of users of the site, but you can encounter a supply-and-demand issue. If yours is a relatively common coin, say a 1937 Mercury dime, then there may already be several like it listed. You are likely to get higher prices for your coins if they are rare or unusual selections.
- 4). Find an auction house if you have rare coins. If you are trying to sell some 17th-century colonial silver coins, you would be better off seeking professional help to better market your potential four-figure items. Professional auctioneers will help you get the maximum value out of your unique coins.
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