Junk Silver on Ebay. Is It a Safe Way to Buy?
65What is Junk Silver?
Junk Silver are nickels, dimes, quarters, half dollars and silver dollars that were once minted by the United States Government. These coins contain anywhere from 30% to 90% silver. Since the 1970s, the silver has been taken out of the coins due to the high price of the metal. However, these junk silver coins go up in value along with the price of silver. Junk Silver is considered desirable because it has one of the cheapest prices over spot silver. Also, when banks close, junk silver makes one of the best ways to buy anything from food to gas. Also Junk Silver's value is not tied to the appearance of the coin.
Junk Silver
Consider bullion exchanges, instead of Ebay, to guarantee yourself a safe sale
When people think about buying junk silver, they consider Ebay as a great place to buy the bullion. But think again. While Ebay is a great company, with many reputable sellers, you have little to no recourse if someone decides to not deliver the coins. Or if someone decides to not deliver the coins when the price of silver shoots up after you win the auctions?
What are my options?
One of the most reliable places to buy and sell junk silver are on bullion exchanges. One of the best and reliable bullion exchanges is the Nucleo Exchange at Bullion Direct.
The Nucleo Exchange is just like Ebay, where buyers and sellers of gold and silver and junk silver make their transactions. However, there is one big difference. People who want to sell their coins must send their coins to Bullion Direct to verify the coin's authenticity. And people who want to buy the coins must have their funds cleared by Bullion Direct's Nucleo Exchange before the transaction goes through. This insures that both sides of the sale are protected.
Other Benefits of Bullion Direct's Nucleo Exchange:
Another great benefit of the Nucleo Exchange is that you can buy and sell junk silver 24 hours a day, seven days a week. So if there is a sudden economic crisis, you can quickly buy your junk silver. And since the coins are with Bullion Direct, you can be sure your seller doesn't re-neg on the deal.
And yet another great benefit of the Nucleo Exchange is that you can set your own price and wait for the market to come to you. For instance, let's say the price of silver is at $30 an ounce and the bag of junk silver you want would cost $1,900. You can set your preferred price at $1,800. Then you simply wait for the silver market to pull back. If the price is met at 3 AM on a Wednesday, you get your bag of junk silver, at the price you wanted.
Summary
If you want to buy junk silver and make sure your transaction is 100% protected from fraud, use a bullion exchange where the seller and the buyer is cleared by a third party before the transaction goes through.
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