Asked in Coins and Paper Money
Would it be better to sell to a coin collector or someone else for the silver value?
October 04, 2009 6:42PM
A collector will almost always pay more unless the coin is a very common date. Dealers will pay the coin's wholesale value as a collectible, so you could sell privately for an amount in between the dealer's buy and sell prices and still come out ahead. The worst bet would be one of those "we buy gold" places because they'll generally only pay for the coin's intrinsic metal value. As noted, unless it's a very common-date coin the metal value will be less than its collector value.