What is the best place to find silver coins for sale? eBay. At least it was a few years ago. That is no longer the case. If you are a collector then ebay might be a viable option but you will pay approximately what you would at the coin dealer. The numismatic value of coins are derived from their rarity and condition. The silver coins for sale on eBay are graded by the seller and not the buyer. Afterall, if you were to go to a coin shop you could see first hand whether or not that 1923 liberty dollar was mint. Even terms like “uncirculated” don’t guarantee that the coin is in pristine condition because many of the coins minted were not released to the public or used as legal tender. That doesn’t mean that it is in mint condition.
What it boils down to is whether your not you are collecting or investing. A collector cares about the condition, rarity and metal. The investor only cares about the silver or gold. Precious metal has always been a hedge against the falling dollar. Gold and silver stocks cannot replace the hard coin of a post-industrial barter society. That is why investors and survivalists seek out junk silver coins for sale. Junk silver coins are coins that have no numismatic value. It doesn’t matter if it is mint or marred because the coin’s value is derived from the metal that it is made from.
Where does an investor find silver coins for sale? Craigslist. This is the only place that an investor has a chance at getting silver close to wholesale spot price. Why? Silver coins for sale online are subjected to the online merchant fees as well as what the credit card charges for the transaction. Craigslist doesn’t charge anything for their services. If you are serious about investing in silver then you need to make your purchase at the lowest price possible in order to protect your investment. At the end of the month, pawnshops that are not doing so well need to make rent. So they will advertise on Craigslist their specials on junk silver. A private owner will also put their silver coins for sale because what they can get on Craigslist is more then what the pawn broker will give them.
If you check Craigslist regularly and are patient then you can find some good deals on silver, well below the spot price. In this economy we cannot afford to not hedge our bets.
