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Is this a good time to sell silver coins?

Rubydarlingnme ∙

Lvl 1

∙ 14y ago

Updated: 9/27/2023

With the economy in a slump all over the world it is a great time to buy gold. In history, gold, is the one material where the cost has not dropped. If you had bought one ounce of gold 40 years ago it would have went up in value by 5 times it's original price.

A lagging economy creates opportunity for investors in most any commodity. Gold is a good investment, depending on your investment goals, as it is not as volatile as the stock markets and tends to be more stable than most commodities.

Wiki User

∙ 15y ago

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Related Questions

If you Have silver dollars sell as coins or for the silver?

It depends on the coin. First, look at the condition, mint-state examples of Peace Dollars or Morgan Dollars will sell at a premium over the silver value. Do not clean your coins, they can only lose value by cleaning them. Secondly, look at the mintages of your coins, if there were many coins minted, your coins might be better to sell for the silver. If there were few coins minted, the coin is most likely worth a premium over the silver coin. However, if you bring your coins into a coin or jewelry shop, and it is a rare or great condition they will usually tell you and buy it for a premium. If the coin is common they will usually pay melt value which at the time of writing is around $22 for a 90% silver dollar.

Is this a good time to sell silver bars- Troy 100 oz?

As of 21 May 2014, the price of silver is below $20 per ounce. With prices that low, it's NOT an ideal time to sell.

What is the value of silver dollar coins 1989-1998?

With those dates, the coins are Silver Eagle bullion coins that are made from one ounce of silver and value is whatever the spot price of silver is at time of sale.

What is the element of coins?

Depends what kind of coin. Some are made of copper, and there were silver and gold coins too, but most of the time the metals are alloyed so there is no clear answer. I hope this is a good answer.

What is the worth of your coins there all American eagle silver dollars 1986-1996?

With those dates, the coins are Silver Eagle bullion coins that are made from one ounce of silver and value is whatever the spot price of silver is at time of sale.

Why do silver coins turn black when kept for a longer period of time?

because of sulphide coating on silver

Which coin is made of pure silver?

No circulating British decimal coin contains any silver at all. The closest you might have got, prior to 1920, to a pure silver circulating coin was 92.5% (sterling silver), the standard at the time. From 1919/1920, the silver content of British coins was reduced from 92.5% to 50%. From 1947, all British "silver" coins contained no silver at all, they were made from a copper-nickel alloy. There are a number of non-circulating British coins minted from time to time, that have a 92.5% silver content.

What year was the last time coins were silver?

1964 for 90% silver but half's were struck in 40% from 1965-1970

How can I trade silver coins profitably?

You need to follow certain time-tested strategies for a profiteering trade in silver coins. Watch the price movements of gold and silver and try to understand clearly how silver rates change with fluctuations in gold rates. Observe the seasons change patterns of gold rates. Study commercial trading reports. If you already possess silver coins, know their market value up to date update. Buy only silver that has authentic certification. When you buy or sell do it through auction sites or sites set up specifically for trading in silver.

Number of coins paid Judah to betray Jesus?

At that time thirty silver coins was the price paid for a very, very ordinary slave. So in other words christ was sold as a slave for mankind.

What is the current buy price of circulated silver coins?

The buyers I deal with are paying 8 to 10 times face value for 90% silver coins depending on the spot price of silver at time of sale. This may be different in your area.

Do copper coins or silver coins last longer?

Both last a long time, but they get worn down and change color, and lose their shine.

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