What price might I get for selling my silver coins in 2020?
As a silver coin seller: At Coins UK SilverHubs we would typically expect you to receive an extra 10-25% more in comparison to selling your silver coins to a bullion dealer, since dealers seldom pay much more than the basic silver spot, trade or scrap price.
Selling silver coins and bullion bars in UK: We offer a brokerage sales service whereby coin & silver bar owners can place their own collections and bullion using our Coins UK SilverHubs facilities.
Sellers benefit from achieving a fair greater than spot sales price
Buyers benefit from getting direct access to private bullion sales, without VAT and dealer margins.
Get in touch for more details or see our SilverHubs section for more information and private re-sales of silver coins, collectable and silver bullion. SilverHubs vat free private Coin sales – list your own items forsale here.
As most coin collectors are well aware; Depending on the coin type, age, rarity and desirability you should also be able to sell for substantially more than spot prices. It is reasonable to offer more collectable silver coins for between 20-50% over spot price, whilst still providing good, fair value for the coin buyer.
Selling examples at a Jan 2020 spot silver price of around £13.70 per Troy silver ounce, most dealers are offering around the £13.60-£13.90 price range to buy. Silver and coinage prices are fluctuating daily, it’s therefore advisable to get in touch for an up-to-date assessment of your collections value. For larger silver collections we can also arrange a free no obligation valuation and home visit if you are considering a direct trade sale.Aug-Sept 2020 typical private sales of 1ounce silver bullion coins are now selling at around £22-£24+
Silver dealers coin buying price comparisons: In January 2020 CoinsUK SilverHubs conducted price checks on 11 UK coin dealer sites with offers to buy silver coins typically ranging between just 95% and 101% of the basic silver spot price. Certain UK coin buyers will offer some additional premium for the most desirable silver bullion coins, but you will rarely be offered anywhere close to the retail sales price which you could sell your coins for directly yourself. It is well worth your effort to spend time researching retail coin prices and then all you have to do is photograph and list your coins for sale.
Silver Coin Buyers
Who buys silver coins and pays the best trade prices above spot silver?Answer; small businesses, private collectors & Coin dealers who appreciate and specialise in silver coins
For more information about how to sell silver coins either directly to us or as a commission sale on your behalf, please get in touch.
How to get the best price selling silver coins
If you would like to sell your coins for more than just spot silver price, get in touch with me directly for more information about ways to sell your silver coin collections.
Steve Hotson, SilverHubs
T: 07788 101144
email / contact