If you’ve been searching for silver bullion dealers in Atlanta, you know firsthand that there are quite a few to choose from. In this article, we’ll help you to identify some of the key characteristics that separate the top silver bullion dealers from the rest of the pack so that you can maximize your payout when selling silver bullion or receive more for your dollar when buying silver bullion.
Considering that there’s some confusion regarding the term “silver bullion,” we thought that we would begin by defining it. Silver bullion is silver in nearly any form, such as ingots, bars, rounds, or coins that is bought and sold primarily for its silver content as opposed to its collectible or numismatic value. This means that 90% junk silver coins, silver bars and silver rounds are all considered to be silver bullion. American silver eagles as well as Morgan and Peace silver dollars are also commonly referred to as silver bullion.
Now that we’ve defined the term “silver bullion,” we’ll delve into the qualities and characteristics that you should look for in silver bullion dealers in Atlanta. First and foremost, what type of shop do they operate? If a pawn shop, “we buy gold” store or jewelry store, they’re likely paying less than the full value for your silver bullion. While not a hard and fast rule, most pawn shops and “we buy gold” stores pay in the range of 30% – 50% of the value of your silver bullion. Jewelry stores typically pay a bit more, but still less than reputable silver coin dealers.
So if silver coin dealers typically pay the most for silver bullion, are they all essentially the same? The answer is “no.” There’s a wide range of rates paid by silver coin dealers, so it’s important to do your due diligence to make sure that you’re dealing with someone that is willing to pay you a fair price for your silver bullion. The top silver bullion dealers typically post their buying rates online. This helps to eliminate any question as to what they’re willing to pay for your silver coins, bars, rounds and ingots. If the silver coin dealer has chosen not to post their buying rates online, a simple phone call should provide you with the information that you need.
Since, as we’ve discussed, silver bullion is primarily bought and sold for the silver content in the bars, rounds, and coins, an in-person evaluation and appraisal shouldn’t be necessary to provide you with a quote. While a quote is always subject to inspection of the items to confirm that they’re as described, there’s no reason why a quote shouldn’t be provided prior to viewing the items in person. Silver coin and bullion dealers that refuse to provide you with a buying price online or over the phone are businesses that you should attempt to avoid.
While obtaining a quote in advance of your appointment is important, it’s just as important to do business with a reputable silver bullion dealer. After all, it does you no good if the silver bullion dealer quotes you a competitive price over the phone only to employ bait and switch tactics when you arrive at their place of business in an attempt to purchase the items for less than the quoted price. Generally speaking, silver bullion and coin dealers that are in good standing with third party oversight organizations, such as the Better Business Bureau, will treat you fairly.
While the Better Business Bureau is an excellent place to begin, the internet also provides a vast amount of information on nearly any company. Search for the coin or bullion dealer followed by the words “reviews” or “reputation” to see what information has been shared by previous customers of the silver bullion dealer. Social media sites, such as Kudzu, Yelp, Google Places and Yahoo! Local, just to name a few, are generally good sources for information.
In summary, when searching for the top silver bullion dealers in Atlanta, select silver coin dealers over pawn shops, “we buy gold” stores and jewelry stores. Obtain a quote from the silver coin dealer online or over the phone, and check the reputation of the silver coin dealer through the Better Business Bureau and on social media sites to ensure that you’re dealing with a reputable company. We hope that you found these guidelines to be of assistance and wish you luck when buying or selling silver bullion in Atlanta.