What is the best way to sell silver coins, scrap or retail them?

Suzanne asks: I have a lot of silver coins I’d like to cash in. I’m really confused as to the best way to sell them. Some people I’ve talked to say that I should scrap them for silver value, but others say find out about them first and then sell them for collector value.

I really need to sell them fast, what is the best way to do it?

AW says: The reason you’re confused is that it’s a very tricky topic. Right now, the price of scrap silver is so high, that it surpasses the collector value of many coins. However, if you have a rare coin or variation of such, you could be losing a lot of money by scapping them.

The best thing to do, is to pay someone who is knowledgable about coins, a fee to evaluate what you have. DO NOT use someone who is planning on making an offer on what you have. This is like a lamb asking a lion for advice on a roasting pan. 

When the evaluation is done, you need not market the “rare coins” right away, they will hold value. Separate the common coins and scrap those. Then get a coin price guide and see if you can become capable of grading and marketing your rare coins yourself. If not, you’ll have to pay someone to do it for you, or sell them  as is.

I have two places I can recommend. One is www.SeeAuctions.com which is free to list on and is getting quite a reputation for coin listings. The other is eBay.

By the way, when you’re shopping for a scrap buyer, do some comparisons, you can even ask on the phone what they are paying for a troy oz of silver.

Comments

[Lori McGraw]

i have a Beatles album called "Birth of the Beatles" from 1962.
The interior words are all written in Italian.
I was wondering how much i could sell this for?
please contact me asap.
thanks