5 Best Places to Sell Silver Coins for Cash [2024]

Do you have silver coins to sell? Not sure where to start? We have you covered!

We put together a list of the top five best places to sell silver coins for cash.

When selling your silver coins, remember that you’re looking at three primary considerations:

• Price – each category has different rates. So it’s essential to research and compare offers from different buyers for silver coins.
• Convenience – You will want a convenient and seamless process when you sell your silver coins.
• Safety – It’s important that the process is secure and transparent. This is especially important when determining where to sell silver coins online.

As you’re looking through our top picks, remember that online dealers may offer the best price as they have lower operating expenses than brick-and-mortar stores. Read on to find out where to sell silver coins online.

Where to Sell Silver Coins

You can easily sell silver coins online to any virtual dealer. Here’s a list of the top five silver coin dealers to get you started:

1. Cash for Silver USA

Cash for Silver USA is a trusted North American silver buyer. The company specializes in coins, flatware, and serving pieces. They can also handle the sale of your gold and platinum coins, jewelry, Rolex watches, and diamonds.

Highlights:

• They have been in business for a while with over $56 million in silver purchased.
• They insure each shipment for its value up to $100K, covering loss, damage, and theft.
• Their offers are competitive, and they will even beat competitors' quotes.
• Cash for Silver USA is currently offering an extra 10% bonus and a free appraisal.
• They send out a Free Appraisal Kit with complimentary FedEx shipping.

What Cash for Silver USA does best:

They have the best payouts, with Fox News determining that they offer three times more than other silver coin dealers.

See how much your silver coins are worth

2. JM Bullion

JM Bullion works a little differently than most silver coin dealers as they are a do-it-yourself service. Without even speaking with their specialists, you can lock in your selling price using their online tools. They do list a minimum purchase amount of $1,000 on their website for online silver coin sales.

Highlights:

• The website touts its purchase stats of tens of millions in products each month from customers.
• The company clearly publishes its buyback prices for most products right on the website.
• JM Bullion regularly updates their pricing based on the market.
• Shipping is easy. With UPS labels supplied by JM Bullion, you just drop the package off or schedule your pickup.
• They pay within one to three business days after authentication.

What JM Bullion does best:

You can do it all on your own! There is no need to speak to anyone with the company to sell your silver coins.

Sell Your Silver Coins with JM Bullion

3. eBay

eBay is a behemoth in ecommerce, with more than $10 billion spent in 2021 by buyers. The site touts more than 183 million visitors each month, so it’s a top platform on which to sell your silver coins.

Highlights:

• The process is simple, you list your items and pay the “final value fee” when your coins sell.
• The company has policies in place to monitor bidding and protect sellers. Plus, they have robust customer service.
• eBay provides tips on how to sell your coins on the platform successfully.
• The commission rates are relatively low, but be sure to check out all costs associated with selling silver coins on eBay before getting started.
• Payments are made through PayPal, a trusted electronic payment service platform.

What eBay does best: eBay has set the policy in place that you only ship your silver coins after the buyer has paid, which protects you.

Sell Your Silver Coins on eBay

4. Kitco

Kitco has been buying silver coins all over the globe with a global information network since the seventies. They specialize in silver, with competitive premiums. As the international precious metal authority and retailer of bullion, they are the leading voice offering news, data, and insights.

Highlights:

• Unlike many other silver buyers, Kitco has brick-and-mortar locations in the US and Canada that accept silver coins in person.
• Kitco has price charts that thousands of investors depend on to find accurate market information.
• Their website is secure and speedy.
• The company offers a Kitco Allocated Storage Account and Pool Accounts.
• They have a team of trained experts ready to help you by phone at 877-775-4826.

What Kitco does best:

Kitco doesn’t have a minimum amount to meet for silver coins from pre-1964.

Sell Your Silver Coins with Kitco

5. APMEX

APMEX is one of the nation’s largest silver coin buyers, with over $1 billion in purchases. Their purchasing department works closely with their Numismatic team to offer the best prices. When you make your sale, APMEX sends you the shipping label for easy drop-off or pickup scheduling.

Highlights:

• 1 Day payment guarantee, you receive payment one day after APMEX receives your silver coins.
• They partner with UPS, giving you discounted rates and expedited shipping.
• APMEX offers rare coins and currency, meaning they will buy it if they can authenticate it!
• The company sends you a $10 voucher to use if they don’t process your payment by the end of the next business day.
• They’ve been in business for almost two decades, processing over 100K purchases totaling $1 billion.

What APMEX does best:

When shipping through UPS, the APMEX buying program offers you $60K of insurance on your silver coins.

APMEX

Frequently Asked Questions

What are junk silver coins?

Junk silver coins are silver coins with no numismatic or collector value. As valuable as they once were, these coins are now only worth their melt value - the value of the silver content within them.

While junk silver coins may not be beautiful or valuable to collectors, they can still be a strategic investment to diversify a portfolio or hedge against inflation.

Because these coins contain pure silver, their value will always be tied to the price of silver. When the spot price of silver goes up, so does the value of these coins.

For this reason, junk silver can be an excellent way to protect your wealth from economic turmoil.

What coins are silver?

U.S. circulating coinage features various metals, including copper, nickel, and zinc. However, some of the country’s most iconic coins are made of silver.

The Kennedy half-dollar, for example, is composed of 90% silver and 10% copper. Similarly, dimes and quarters minted before 1965 are also made of silver.

In recent years, the U.S. Mint has also produced several special edition silver coins, including the American Eagle series. These rare coins are popular with collectors and investors for their beauty and intrinsic value.

So if you’re looking for a coin made of pure silver, check out Kennedy Half Dollar, American Eagles, and pre-1965 coins.

How much are silver coins worth?

Silver coins are popular among collectors and investors for many reasons. Silver is a precious metal abundant enough to be used in coins but rare enough to maintain its value.

Silver coins can also be dated back centuries, making them valuable for historical purposes. However, the most common question about silver coins is how much they are worth.

The value of junk coins depends on several factors, including the age and condition of the coin, as well as the current market price of silver.

Generally, older and more rare coins are worth more than newer or more common ones. However, the best way to determine the value of a silver coin is to consult with a professional appraiser.

Who buys silver coins near me?

There are a few options to consider if you’re looking for a pawn shop or precious metal dealer who buys silver coins near you.

First, check online directories to find pawn shops in your area. Once you’ve found a few pawn shops, call or visit each one to see if they’re interested in buying your silver coins.

You may also want to search online for “precious metal buyers” or “silver coin dealers.” This will give you a list of potential buyers to contact.

When finding a reputable dealer in precious metals, there are several factors to remember. First and foremost, you’ll want to find a dealer specializing in the type of metal you’re interested in selling.

For example, if you’re looking to sell silver coins, you’ll want to find a dealer that specializes in silver.

Second, you’ll want to ensure that the dealer has a good reputation. Finally, you can check online reviews to understand what other customers have experienced.

Finally, you’ll want to ensure that the dealer offers competitive prices. With these factors in mind, you should have no trouble finding a reputable dealer in precious metals.

How do I determine the value of my silver coins?

Determining the value of your silver coins involves several key steps, especially if you’re considering selling silver coins online or dealing with rare items like the Flowing Hair Silver Dollar. Start by accurately identifying each coin and understanding its silver content, as this gives you a baseline value based on current silver prices in the precious metals market. The rarity and condition of the coin also play critical roles; rare silver coins and those in better condition generally fetch higher prices. Tools like the Sheldon coin grading scale can help you assess the condition accurately.

For a thorough evaluation, conduct market research to see the recent sale prices of similar coins, particularly for rare items like silver half dollars or specific rare coin types. This research can provide insights into what collectors are willing to pay based on current demand. If you possess exceptionally rare or valuable coins, consider consulting with a numismatic expert or professional appraiser for a precise valuation.

Finally, if you decide to sell, it’s wise to compare offers from various buyers, including online platforms and local dealers, to ensure you receive a fair price that reflects both the precious metal content and the numismatic value of your coins. By taking these steps, you can accurately determine the value of your silver coins, whether for sale, insurance purposes, or personal knowledge.

How can I tell if my silver coins are genuine and assess their condition?

To ensure that your silver coins, such as a Walking Liberty half dollar or an old silver dollar, are genuine and to assess their condition accurately, follow these practical steps:

Visual Inspection: Start by closely examining the coin’s details. Genuine silver coins should have crisp, clear inscriptions and images. Look for any signs of wear and tear that might affect the coin’s condition. The edges should be sharp and the design elements, like the date and lettering, should be clearly legible. For specific coins like the Walking Liberty half dollar, compare it with verified images from a trusted source.

Weighing and Measuring: Accurately weigh your coins. Genuine silver coins will have specific weights that are standard for their type and era. Additionally, measuring the diameter and thickness can help verify that the coin conforms to official specifications. Deviations might suggest a counterfeit.

Magnet Test: Silver is not magnetic, so using a strong magnet can be a quick way to check if a coin is made from genuine silver. If the coin is attracted to the magnet, it is likely not made of silver or only silver-plated.

Sound Test: Genuine silver has a distinctive ring when struck against another metal or dropped on a hard surface. Silver coins will emit a high-pitched, resonant sound that lasts longer compared to other metals.

Acid Test: This should be done as a last resort since it involves using a small amount of acid to test purity and can damage the coin. Drop a small amount of nitric acid on an inconspicuous part of the coin. Genuine silver will show a creamy, white reaction.

Patina and Toning: Older silver coins, such as old silver dollars, often develop a warm gray or even rainbow-like toning over time due to oxidation. This patina can be an indicator of authenticity, although it doesn’t necessarily confirm it, as some counterfeits may artificially induce toning.

Expert Evaluation: If you’re still unsure or if the coin is of significant value, consider having it assessed by a professional numismatist or a reputable coin grading service. This can be particularly important when planning on selling silver coins or silver bars.

By combining these methods, you can more reliably determine if your silver coins are genuine and assess their overall condition, ensuring you get a fair assessment whether for personal collection, insurance, or sale.

Bottom Line

Precious metal buyers are an excellent option for those looking to sell their silver coins. Our recommended buyers have a proven track record of providing fair prices for junk silver coins.

In addition, they offer a convenient way to sell your coins and provide payment options that are suitable for most people.

Overall, selling your silver coins to one of these recommended buyers is a great way to get the most money for your coins.