How and Where to Buy Junk Silver

Finally, the part you’ve been waiting for! Now that you know more about what to look for, you may be chomping at the bit to get in on the action.

Before you get started, think about how much time you want to spend acquiring junk silver. If you have all the time in the world, then consider a couple of fun ways for getting your hands on some shiny coins: the first way to do it is to use online auction sites, where coins are listed singly and in lots. Before you plunk down your hard earned eBay bucks though, be sure to check seller ratings. Be sure you are buying from a reputable source with good feedback. Take the time to read comments left by other buyers, and be sure to factor in the price of shipping with the asking price of the coins offered for sale, and take any taxes into consideration, too. Often, you may end up paying more than the spot price of silver once you take this into consideration. Don’t forget though, prices are going up. It’s up to you to make a wise decision in this case.

The second fun way to get silver coins is to try to get them for free. Inspect your pocket change, and if you have jars of old coins sitting around collecting dust, turn on your favorite music, empty your jars, and get out the magnifying glass. You might not find a lot of coins this way, but most people find a few each year if they’re diligent about looking at change instead of just tossing it aside. Another way to get valuable coins for free is by finding them with a metal detector. Granted, you’ll need to buy a metal detector, and you will need to get permission to go treasure hunting in most places, but you’ll find some interesting things, including old silver coins, along the way.

If you don’t have an interest in getting your hands dirty, or if you would rather not spend the time it takes to hunt down junk silver on an auction site, consider simply buying it in lots, from a reputable dealer. Those who deal in buying and selling gold and silver don’t have the space or desire to keep huge bags of money on hand for long periods of time, in most cases. Instead, they accumulate the coinage, carefully weigh it, and sell it for fair market value once they have kept it on hand long enough to make a profit.

You benefit from buying junk silver in lots a couple of ways: First, you’re making a sound investment in something that will almost certainly increase in value, instead of purchasing items that lose their value quickly. Second, you can do the same as the dealer, purchasing your junk silver, then selling some for a profit at a later time, if you desire.

Now that you’re armed with all the information you need about buying junk silver, you are ready to begin. Whether you choose to purchase a small amount, or jump in with both feet and get a large bag of junk silver, you are making an excellent decision. Remember to store your silver in a fireproof safe, and learn more about ways you can protect your investment. With careful planning and a sound strategy, you can soon enjoy a more prosperous lifestyle.

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How and Where to Buy Junk Silver

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