People collect everything from handbags to stamps, and everything in between. If you are interested in starting a collection of your own it can be difficult to decide what to collect.
An option that has historical significance, is easily stored, and has the potential to gain value over time is the silver coin.
There are also other advantages to collecting silver. The following will educate you on the best places to find silver coins, how to tell the difference between valuable pieces and those that should be sold for scrap, and the reasons you should sell silver coins to reputable buyers.
Silver Coin collectingCoin collecting appeals to all ages and can help members of a family spend quality time together while doing something that interests them. The reasons for collecting coins can vary greatly from person to person, but the advantages remain the same.
Whether you are adding to your personal collection or looking to sell for scrap, there are numerous advantages to purchasing silver coins; including, the opportunity to increase your historical knowledge. Learning about the time period in which they were used and what the different symbols on the coins stand for can be very interesting.
You will find that when you complete a set of coins, it proves to be rewarding, both mentally and financially, at times. Coins can be valuable and can be a wonderful family heirloom to pass from generation to generation.
It may seem odd to buy coins that you know are not collector’s items, but they can end up being well worth the small amount usually paid for them. Opting to sell them for scrap gives you money that can be reinvested into your collection.
Where to Find Silver CoinsThere are numerous places to buy silver coins, both common and uncommon.
There are various reputable websites that have extensive assortments for sale. You may also contact other collectors online and purchase from them.
Thrift stores, pawn shops, antique shops, garage or estate sales, and flea markets are also worth looking at though you may have to go through a lot of items before you find what you are looking for.
US coins minted before 1965, 1 oz. American silver dollars, Mercury dimes, US Franklin halves, silver US walking liberty, and the Morgan/ Peace silver dollar are common coins that can be easily sold for scrap.
If you are unsure of whether a coin you acquired should be kept for your collection or scraped, there are a few things to look for. You can have the value of the grade determined by a professional, look online to find what similar coins are valued at, or ask other collectors if they are aware of the value.
Selling Scrap Silver CoinsIt is imperative that you sell scrap silver to a reputable buyer. They frequently offer a fair price, but do not expect to get the full value as they have to make a profit.
If you sell online, check user reviews prior to sending them your items to ensure that they have been fair with others.
When you are selling and the person makes you feel uncomfortable in anyway, move on and sell to someone else. There are plenty of people out there looking to buy.
Coin collecting may sound boring, but it can be quite exciting especially when you find an extremely rare or valuable item. Good luck on your search!