Silver-The Poor Mans Gold

//Silver-The Poor Mans Gold

Silver-The Poor Mans Gold

“>coin dealer Walkertown and see if they have either silver or gold coins. If they do then you will want to write down their dealership as a possible dealership that you want to do business with. Get to know the dealer over the phone. It is important to be able to have a good business relationship with the dealer you speaking with.

If your collection is like most, it will have a lot of wheat back Lincoln cents (1909 to 1958), common silver coins, and proof sets. Most dealers pay two to three cents each for common wheat back cents. They will pay more if you separate out the early rarer dates, such as, 1909-S, 1911-S, 1913-S, 1914-D, 1931-S and others. Use your Red Book to identify the more expensive dates.

I can tell you that verbatim. It’s on the website…BullionVault’s objective is to create the world’s most cost-effective, secure and accessible market in professional grade gold bullion.

As for coins, the problem is that they are bought on very large premiums to the spot price, they are sold at substantial discounts to the spot price, and they leave you with all the domestic storage problems which wealthy people try to avoid. I keep six gold coins, three Sovereigns and three Liberties (I like the feel of the Liberty “Buffalo” best). I expect they’ll eventually be lost or stolen or I’ll have to leave them to someone when I die. But there’s a tiny chance they’ll be useful before then!

You could end up losing the coin value of silver dollars or gold coin value to the interest on a credit card. Use a credit card only if you have to, and pay off the principle every month, if you do use one. Otherwise use a different way to purchase your coins.

By | 2017-07-06T15:24:29+00:00 July 6th, 2017|Coin shop|Comments Off on Silver-The Poor Mans Gold

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