If you’re in search of where to sell silver dollars online for top dollar, there are several factors that should be taken into consideration. First, and foremost, it’s important that you identify a reputable coin dealer. Useful resources include the coin dealer’s standing with the Better Business Bureau and online reviews left by previous customers. If the coin dealer isn’t rated by the Better Business Bureau, consider looking elsewhere. If the coin dealer has been in business for some period of time, reviews should be available on third party social media sites, site as Kudzu, Yelp, Thumbtack and Manta.
Once you’ve confirmed that you’ve identified a reputable coin dealer, confirm the rate that the coin dealer is willing to pay you for your silver dollars. Also, considering that you’re selling silver dollars online, there will be a lag between when you ship your coins and once they’re received by the online coin dealer. Confirm, in advance, if you will be paid the current rate at the time of your communication or the rate at the time the coins are received by the coin dealer. It’s recommended that you lock in your rate at the time the coins are shipped, as the price of gold and silver tends to fluctuate, which means that the price may be lower once they’re received by the coin dealer.
It’s perfectly reasonable to expect a standard coin buying rate for most coins, but you should expect to receive a premium on uncirculated or key date silver dollars. Preferred rates for these coins can be negotiated prior to mailing your coins, or upon receipt of the coins by the online coin dealer. If you’re unsure if you have any key date coins, don’t hesitate to go through the list of coins that you have available with your coin dealer of choice so that you’ll know in advance if you can expect to receive a premium for any of your coins.
Another important factor to consider when you sell silver dollars online is if the coin dealer will reimburse you for your shipping expenses. Some online coin dealers are willing to reimburse you for a portion of your shipping expenses, so don’t hesitate to ask before you ship your coins. Partial reimbursement of your shipping expenses means more money in your pocket, so don’t discount this important factor.
Lastly, confirm how long it typically takes the online coin dealer to issue payment. Some coin dealers have earned a reputation for promptly issuing payment, which are the coin dealers that should make your shortlist. The leading online coin dealers in the industry will issue payment by the following business day, but anywhere up to three days is a reasonable time frame.
In summary, there are several factors that should be taken into consideration when determining where to sell silver dollars online. The most important factor is to identify a reputable online coin dealer. Once you’ve done so, confirm the rates the coin dealer is willing to offer and if they pay a premium for uncirculated or key date coins. Coin dealers that offer partial shipping reimbursement and that promptly issue payment round out the attributes that you should consider.