Silver can be used as an investment like any other precious metal. Silver has been regarded as money for more than four thousand years. However, silver had lost its charm over the past years when new precious metal comes in existence like gold, platinum etc.
My husband chose the quick pay option, so included in the package was our form with our bank account information so that they could direct deposit our ‘cash’ into our account. According to their website and all their correspondence, they deposit your money within 24 hours of receipt of the “kit”.
When collecting, spend some time doing your homework, understanding how coins are graded and how to recognize counterfeits. You should also buy a reference book covering your area of interest. Such books will provide you with some basic numbers on a coins value.
“>coin dealer Belews Creek of S.M.O.M; and thus, you are in the “land” of S.M.O.M!
That’s a couple of questions rolled into one. First – money laundering. Yes – we must establish the identity of our customers. This is not too onerous for customers or for us. We take deposits only through the banking system direct from the customer’s bank – which should be trusted internationally (which includes just about every major Western bank). We require our users to submit scans of a photographic id (usually a passport or driving licence) and a scanned bank statement which we check to the source of funds. It’s that easy.
You should however, not trust all the blogs and bloggers out there on how to invest your silver. Look for the person with actual experience in silver investment. Find the coins with the highest silver content and purity levels for the best investment. There are different types of silver in the market and they could be sold at your local coin shop, numismatic dealers, auctions, and coin shows. If you have a variety of silver coins you want to invest in, get a good coin book and compare the pictures there to see the value and price of what you have. Then and only then, can you go confidently to the market.