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Detailed Guide on Selling Silver Coins

A look at silver Coins in the Past

Throughout history, silver coins were used for the mass circulation of currency. Silver coins were preferred over gold coins in currency because of their abundance. The great kingdoms like the ancient Greek Empire, Byzantine Empire, Roman Empire, and British Empire used silver coins as currency. Another usage of silver coins has been in the form of collectables, memorials, and gifts.

A Guide to Sell Silver Coins

Silver coins can be a blockade against the increasing global inflation for the people of Queensland. As the geopolitical instability continues to rise, it can help the general public and investors as a safe investment. Because silver coins are considerably less expensive than gold, they provide opportunities for people to invest.

Silver has a very stable price and just like gold, it can retain its value for long periods. The rare and famous silver coins can be sold for big prices, as they have a decent market and PR. The bids at antique auctions can get you a hefty amount for any ancient or rare coin.

A guide to selling your precious silver coins in the crowded state of Queensland. First of all, know the purity of your silver coins. If you possess minted silver coins, you won’t face problems because minted coins mostly have a purity close to 99.99%. But if you possess local or old silver coins it is smart to get their purity tested. In the second step, organise your silver coins—the condition of silver coin matters in price evaluation.

Shiny and clean coins sell for a better price, so separate coins according to their condition. Mint type is another important aspect of coin evaluation. You should separate your coins according to the mint brand. Organising the coins in this manner helps the dealers to evaluate your coins and make a sound offer.

Lastly, look for the most trusted and reputable silver coin buyers in the market, because there are more chances for you to get a good price if you sell coins to the right buyer.

Value of Having Silver Coin Collections

Coin collection has been a childhood hobby for a lot of individuals, more commonly the silver coins for their ease of access. But it is not only restricted to childhood. Many smart people and investors keep silver coin collections as a safe investment. Like many places worldwide, the silver coin collection’s popularity has its share in Queensland.

Numismatic and Semi-Numismatic Silver Coin Collections

These collections contain the rare, historic and royal coins of the past. Many collectors are interested in buying these collections because of their interest in such gems of the past. The numismatic and semi-numismatic silver coins are sought after because of their higher return on investment.

Such a collection has a cutting edge because it is not sold solely for its silver content. Because these collections have historical value and are very rare, there are limited collections in the market. For all these qualities, the Numismatic Silver Coin Collections are sold at relatively high rates.

Minted Silver Coins Collections

Minted silver coins have a large number of buyers for their pure silver content. The collection of such coins possesses a substantial value. Their selling price will be close to the spot silver price. Because such coins have up to 99.99% purity, they can hold more silver in less space. They can prove to be a hedge for you in this destabilised economy. Another benefit is that these collections are liquid assets and can be sold easily. It takes almost no time to sell them.

If you plan to make a solid collection of minted silver coins, add the most popular and in-demand coins to it. The following Minted Silver Coins Collection can be used as a reference:

American Silver Eagle, Canadian Silver Maple, British Silver Britannia, Austrian Silver. Philharmonic, and Australian Silver Kangaroo.

Such a premium collection can be valuable in the bullion market. Therefore, creating such a collection is highly recommended to sellers in Queensland.

How to sell Silver Coins with Verification steps

Selling silver coins in a state like Queensland can be tough. There can be thousands of pawn shops and dealers to choose from. For a productive sale of your silver coins, you need to select the best option.

Bullion dealers can offer you a generous sum for your assets. You can make a smart move by looking for the most reputable bullion dealers in Queensland. Bullion dealers offer you a price by considering the spot price of silver, the silver content of your coins, the mint coin’s brand, and its craftsmanship. In this way, you will be guaranteed a fair evaluation of your items.

The verification steps performed by the dealers must be looked at with closer eyes. Verification begins with a magnifier to examine the quality of silver coins and digital weighing machines to measure their exact weights. Renowned bullion dealers have experts who perform the latest metal purity tests like UV and X-ray fluorescence tests to confirm the purity of the metal. Their processing is swift and transparent. If the bullion dealers adopt this methodology and are transparent in their approach, you can trust them and sell your silver coins.

Imperial Bullion is a renowned bullion dealer in Queensland, that provides an unparalleled opportunity for sellers who want to sell their silver coins. We have four competitive outlets, one in Chermside, one in Carindale, one in Hamilton, and one in Toowoomba. This creates room for more sellers to visit our nearest stores.

Our team has one of the best professionals in the field. We take care of all the necessary steps in your silver coin evaluation to make sure you get a fair price. Our team incorporates the most sophisticated silver examination techniques to check the right weights and quality of your silver coins.

The numismatic value of your coin is also appreciated by Imperial Bullion. All these quantitative and qualitative assays are performed right in front of you for transparency and verification. While quoting the final price, we consider the spot price of silver. With such a thorough approach, the sellers get a quote near the retail price of the silver coins.

Visit our nearest outlets in Queensland today. Get in touch via phone call or website to get a free quote for your silver coins.

How It Works

Check the current live and spot prices

We recommend checking the current live and spot prices before visiting us so that you can determine if this is the right time to sell. You can view the current prices on our live pricing page.

Visit us for an obligation-free appraisal

Book an appointment or visit us at any of our locations for an appraisal by our friendly team. Please ensure that you have a valid ID such as a driver’s license or passport as we are required to document the ID of anyone selling to us as per the Second Hand Dealer Regulations.

Get your items tested

Using the highest quality gold and silver x-ray testing equipment, our friendly team will test the purity of the metal. If your item contains any precious gemstones, we can also evaluate the weight and quality of them.

Confirmation of sell price and payment

After testing, a sell price will be determined in accordance with our advertised price. Our preferred process for payment is ‘cash in store’, alternatively we are able to process a bank transfer to your nominated account.