So, Has Anyone Ever Sold All Their Accumulated Silver Coins At Once?:shrug:

[John-Edmonton]

I have a lot of silver coins.......23 years worth of detecting. 99% of them are not rare, and not in the best condition. Just wondering if anyone has sold their own collection, how and or to whom? I am not getting any younger, and feel like cashing in.

 

[vlad]

First evaluate the coins; rarity, type/mint errors, and condition.
Doing these things and selling the better dates individually will get you the most; the rest is silver spot minus the dealer, discount..
(on the silver that just brings spot, you might do better making coin rings of the bigger varieties)

 

[sprchng]

If they are dug the vast majority of them are just worth melt.
It's easy to figure melt from face value at coinflation or lots of other coin sites.
Look for an "internet safe exchange zone" (usually a police substation parking lot) or a bank lobby and sell them on craigslist for spot and save the dealer's fees.
http://www.coinflation.com/silver_coin_values.html

 

[jim tn]

John, every 2-3 years I sell all my silver finds, coins and jewelry, save for any key or semi key date coins, to either or both, our club for seeded silver hunts or to a coin dealer that pays (close) to spot for coins and jewelry. HH jim tn

 

[RLOH]

John, I sold 800 common date silver dimes when silver was 50 bucks an ounce. I also unloaded all of the silver jewelery that my wife did not claim. Since you have held on to these coins this long, I would advise you to watch the silver market and sell when the price is up. If you need the cash now, I guess now is the time to sell. I sold mine at ARA out of Dallas Texas. Honest people who don't rip you off.

 

[D&P-OR]

That's been quite awhile ago--huh Robert.-------I sold 700 common date silver dimes I found with metal detectors sometime back but I sure didn't get NEARLY that much.-----Been kicking myself ever since--I wish I would have held onto them.------There's just something about looking at silver that you have found that makes them "better" than "regular" silver.-----I figure if I don't sell any silver I have now at some (future) crazy high price---I'll just keep them for the kids & grandkids.

John, I sold 800 common date silver dimes when silver was 50 bucks an ounce. I also unloaded all of the silver jewelery that my wife did not claim. Since you have held on to these coins this long, I would advise you to watch the silver market and sell when the price is up. If you need the cash now, I guess now is the time to sell. I sold mine at ARA out of Dallas Texas. Honest people who don't rip you off.

 

[Elton]

Yes John I did..When silver was at a high rate. I had 5 kids plastic beach pales full of old not key date silvers.
I went to a local reputable buyer. He was more than fair in his purchase price.

Good luck... Just think of all the new metal detecting goodies you can purchase !.

 

[D&P-OR]

Looks like I'm the only odd one out, I must be like Scrooge McDuck!-----If you do sell them-take PLENTY of pictures of them first.-------Every one of those silver coins are little pieces of U.S. (Canadian) history never to be repeated again.----They say history repeats itself---but---not in silver coinage!

 

[still looking 52]

When I was a kid I use to collect coins and most of them were silver, I had those coin books that listed every year with separate holes for various mint marks. Way back around 1978 silver shot up to 23$ per ounce which is still higher than what is now and I sold 47$ worth of silver coins for a little over 1100$! That was a lot of money back then.

 

[MarkCZ]

When I was a kid I use to collect coins and most of them were silver, I had those coin books that listed every year with separate holes for various mint marks. Way back around 1978 silver shot up to 23$ per ounce which is still higher than what is now and I sold 47$ worth of silver coins for a little over 1100$! That was a lot of money back then.

Yea, and that vacated a lot of slots in those coin books!

 

[marcomo]

I remember it well, 52. The Hunt Brothers trying to corner the market and $50 an ounce silver in 1980 before the bubble burst. Those were heady days, I remember selling a load of bullion coins I collected when it got up to 20X face. Unfortunately both that money and the silver are long gone.

 

[still looking 52]

Just to illustrate how much money 1100$ was back then, I was making 160$ a week working 40 plus hours so that 1100$ was worth almost 2 months pay! Your right Julio, there is a lot of empty holes in those coin books but it was worth selling at the time. By the way, I've still got those coin books from back then.

 

[vlad]

Vendors pull things out of soda, and snack machines you won't believe.
....kids

 

[bugg]

Inflation is starting to kick in, precious metal prices are going up. Hang on another year or two.

 

[Eliteuser]

Like several other guys here, I sold some silver and gold in 1980 when prices were high. About 10-12 gold rings, some silver rings, jewelry and a sterling silver salad fork dated 1901 or 1903 ( only item I wish I hadn't sold). Hadn't found a sterling flatware that nice since. Common silver coins, mercs, rosey, wash. quarters by the rolls. I recorded how many rolls of each, bought replacement rolls about 7-8 years later for alot less.

 

[marcomo]

Like several other guys here, I sold some silver and gold in 1980 when prices were high. About 10-12 gold rings, some silver rings, jewelry and a sterling silver salad fork dated 1901 or 1903 ( only item I wish I hadn't sold). Hadn't found a sterling flatware that nice since. Common silver coins, mercs, rosey, wash. quarters by the rolls. I recorded how many rolls of each, bought replacement rolls about 7-8 years later for alot less.

Well done.

 

[John-Edmonton]

Thanks everyone for all your suggestions and replies. I am not in any financial crisis, so, a suggested by many, I will wait and see if silver will go up in the next few years. I also have a fair amount of gold in a security box, and I am just waiting for gold to go up in value too!

The waiting is the hardest part!