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Where do you buy silver coins safely?

Updated: 8/19/2019
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12y ago

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It depends. First off what are you buying the coins for? If you are buying coins for junk silver, or coins simply for the silver value without regard for the condition or dates, almost anyplace local is a decent bet. Few people will counterfeit things like 1962 Quarters or old, worn, 1964 Roosevelt dimes. Buying via online retailers like E-bay is also possible, but the main issue is getting things shipped which, while pretty safe, is always a small risk factor. Shipping also adds more costs. However, if you are looking at buying high-grade, key-dates for your collection I wouldn't buy from Ebay (or local dealers you don't trust) unless they are certified by a reputable company like PGS or NGC. Because misrepresentation is incredibly common when it comes to coins. There is a big difference between, say, a MS-63 and an MS-64 or 65 certified silver dollar. Similarly, a 1916 Mercury Dime is rather common, but an addition of a "D" mintmark by an unscrupulous person can be worth several hundred dollars even in lower grades, and because of this, fake mintmarks abound. Your best bet for low prices and best service is a local coin or jewelry shop which you trust. The internet is a good option, especially Craigslist and eBay for "junk" currency. But if you are looking at collector value, either avoid the craigslist and eBay and only buy from dealer's sites or large, well-known sites such as AMEX.

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