One thing that most people already know about silver is that its value is on the rise. Today’s silver prices are higher than they have been in a long time, and that means that more people are interested in finding a Silver Coin Buyer. Selling spare silver, whether it is silver coins, silver flatware, or silver jewelry, can be an excellent way to get some quick money today. However, it is not something that a person should jump into without a little bit of preparation. Here are a few tips about selling silver coins at pawn shops or jewelry stores today.
Tip #1: Be Sure They Are Fairly Evaluated
Many pawn shops and jewelry buyers may instantly evaluate all precious metals for only their “melt value.” The melt value is a quick evaluation of the metal based only upon its weight. The buyer will simply place the coins on a jeweler’s scale to determine how much they weigh, and will then determine exactly what that amount of pure metal would be worth once it is melted down. The main problem with this is that the melt value does not take other important things into account. For example, maybe a coin is part of a very limited edition run, or maybe the coin is well over 100 years old. Factors like these can dramatically alter the value of the coin, so make sure that the buyer is evaluating the coins fairly.
Tip #2: Watch Silver Prices on the Market
People are often surprised to learn just how much precious metal values vacillate from one day to the next. While the current trend is very strongly positive for silver, it is wise to keep an eye on the prices for at least a week or two before selling any coins. Look for the current spot price of silver. This is the exact current value of silver, and the pawn shop or jewelry store should offer you something fairly close to that price when buying coins. If you need to talk to a Silver Coin Buyer about selling your coin collection, look at the Palisade Jewelers website, found online at Webiste. You can also connect them on Facebook for more updates.
