Search online bidding sites and coin outlets for silver coins, and you are unlikely to find a bargain. After all, dealers and sellers know what these items are worth as well as the current melt value. Do not count on finding high-quality coinage for melt value price – unless of course you look beyond the most obvious sources. Try the following places to find silver coins at a bargain, and cash in instead of cashing out. It is possible to find a very good deal, even when the market is higher than ever.
Bypass Dealers and Pawn Shops
Do not bother with coin dealers or even pawn shops when trying to find silver coins at a bargain. These places might offer good deals, but as previously mentioned, they are also well-aware of the going rates. They are not in business to give anything away at a bargain. These are the places to go when in desperate need of money, and all they are likely to pay is the current melt value. They are not likely to sell silver coins at bargain basement prices. Why would they?
Credit Unions and Banks
Instead of wasting time browsing eBay or local pawn shops for silver coins at a bargain, begin by calling local credit unions and banks. I recently located eighteen 1 troy ounce silver coins commemorating 9-11, and they had been locked away in the vault for more than nine years. The credit union had stopped advertising the items years prior, and I snapped them up for only $18.50 each. This is currently far less than melt value, and the coins are in beautiful velvet boxes and include certificates. They are sealed in air-tight round plastic cases and are in perfect uncirculated condition.
Although many banks and credit unions no longer offer silver coins or other collectables since they do not stand to gain anything, some still have old silver coins at a bargain. They are locked away in vaults and are available for the asking. Keep in mind that you must likely be a member or have an account before financial institutions are willing to sell the goods.
Advertise for Free
When looking for silver coins at a bargain, consider posting ads, but do not pay to place those ads. Look for free bulletin boards across town and beyond. Post ads that mention what you are looking for. Private individuals in need of fast cash might decide to call you instead of going to a local pawn shop. This is just one of the ways dealers find silver coins and related items at a bargain. They obviously would not make a profit if they did not obtain their goods at bargain basement prices. Dealers are not usually buying from dealers.
Garage Sales and Yard Sales
Do not dismiss the possibility of finding silver coins for a bargain at garage sales and yard sales. Sometimes people host sales because they need fast cash, and some might not have considered trying to sell their silver coins. Begin by mentioning the desire to collect coins, and ask if they have any silver, even if it is not setting out on a table. Provide them with a phone number and name for later consideration. This is a great way to find silver coins at a bargain.
One of the very best places to find silver coins at a bargain is estate sales. Browse eBay or other dealer sites and estate sale lots are often mentioned in the descriptions. Dealers and resellers bid on coin lots and find fantastic bargains. They often split those lots and sell the silver coins separately, but at this point they are no longer a bargain. Look for estate sales offering silver coins, and bypass the dealers when trying to find a real bargain on rarest of the rare silver coins.
