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Is it better to sell my silver dollars to a local dealer or at a coin show? |
I bought seven rolls of 20 coins each as an investment in the early 1980's. They have generally been a bad investment, but the values have gone up recently. I would like to sell. Which is the wiser course - - selling to a local dealer or at a local coin show (which is coming up in two months)? Some other way? I don't want to sell on eBay. I live in the Research Triangle area of North Carolina. This does not lend itself to a definitive answer. In theory you should get a better price at a coin show because you will have more potential buyers. You will need to do your homework first in order to get the best price. You need to determine what the value of these rolls is. 140 silver dollars is quite a lot to lug around. You might also be faced with the problem of trying to unload so many at one time but perhaps not. Silver dollars have always been very popular and relatively easy to buy and sell. The Peace should be worth about $15 each there abouts. The 21 Morgans about the same. Definitely a reputable coin show. A local dealer is going to buy at wholesale, 40-60% of market value at best. Most local dealers are just pretty pawn shops. IMHO, silver will be a LOT higher by the end of this yr. |
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