Selling silver dollar is not as easy as it seems. Grown overtime as a prime form of investment the silver coins and dollars have their own value when they come to the market for sell. While some are calculated o the basis of the prevalent price of silver others are calculated on the basis of their numismatic value.
The key here lies in the kind of coin that you own. So when it comes to finding the right market or finding where the coin shall hold the most value, here are some of the key points one must consider.
Know what you have!
So you’ve found a silver dollar that seems to be a rustic old heritage coin. And you have thought of selling it in exchange for cash. Before rushing to sell it to anyone take time out to study your coin or take it to the right coin and jewelry dealers who will help you understand the real worth of the dollar. Not all coins yield millions some are just worth of their price as per the silver price prevailing in the market. Know beforehand the deal you might get in the market or auction.
Licensed and Trusted dealer
Rare silver dollars yield more than one may account for. It is best to trust a licensed dealer. These dealers deal with the antiques, rare coins and jewelries on a day-to-day basis. And therefore they offer the best deal for you to sell your coin. Depending upon the quality of silver too the dealers can offer a premium to the regular silver dollars.
Sell when the demand is right
There is a season to buy and sell investments too. And that is called the market boom. During the boom period anything and everything seems to have added value to it. Therefore instead of just choosing to sell it on a regular day wait for the right time to get the right price for your coin! When you are patient enough for the demand to rise, the profit shall be yielded.
Exchange for cash
Some dealers offer transactions in the form of other coins, currencies, jewelry etc. In these cases trusting the authenticity of the deal offered is difficult. Hence it is always best to buy or sell coins for cash.
Silver dollars can be sold in open market, auctions or with the dealers but needs to be evaluated well before sale!