Silver has been long considered a precious metal. It is used for various purposes like manufacturing jewelry, equipment, and other ornaments. At present, silver is now being utilized in a wide array of studies and applications like medicine, dentistry, picture-making, and optics. The list can go on and on.

With the innumerable uses of silver, people all over the planet have seen the great potential of silver significantly with investing. Silver has been used as a hedge of protection for countries’ fiscal downfalls. There are various types of silver investment vehicles – bars, exchange-traded products, certificates, silver accounts, derivatives, spread betting, CFDs, silver mining companies, and the most preferred by many people, coins, and rounds.

Besides, marketing silver is generally one of the oldest affairs that have been made by man. Silver coins trading dating back to ancient times are one of the pieces of evidence that proved this. Since then, buying and selling silver has been simpler since people have now access to the global market utilizing the fast-growing internet. So how to sell silver dollars? Here’s how.

Post In An Online Classified Ads

You can always put your silver in online classified ads such as craigslist, Kijiji, USFreeads, online forums, and other social networks. This is an easy course of marketing your silver to raise cash. You just create an account and ingenuously post the silver that you are selling. Upload a clear picture of your precious metal so that prospect buyers can see the caliber of your silver.

Surely, retailing this indispensable commodity using an online classified ad is one of the simplest techniques of marketing silver. But the great part of it is that posting on these sites is free.

Put Your Silver In An Online Public sale

Before many are selling employing a live auction. Subsequently, people discovered how fast and convenient transactions are made via the internet. It has the same mechanics as online classified ads. The only difference is the kind of website where you upload your item. There are several free online auctions such as eBay. Again, just like selling your silver in an online ad, these online auctions are also free.

Sell Your Silver To Companies Who Particularly Procure Precious Metals Online

You can sell your silver dollars online. Some companies specifically purchase valuable metals and they buy silvers for more than 75 percent above district pawn shops, jewelers, and coin dealers. These companies can get silver much higher as they do not have the local offices to maintain or spend thousands of dollars just to pay the periodical expenditures like the rent. In addition, they do not have the human resources to be salaried.

Price charts are posted on their respective websites to show the current payout for both silver and gold bullion. If you are inquisitive to sell your silver to them you will just call them. They will send you a special package for you to securely transport your silvers. Payments are then sent to you through your preferred means of payment.

Throughout the years, silver has been one of the most sought-after metals across the globe Ever since human civilization began, silver buying and selling has been a conventional trade-in process. Since then, trading measures become easier because of the internet. Through the internet, people’s exposure to silver can gain more possible buyers and traders.

Now it is time to cover the importance and function of silver, the other precious metal. Some people call silver “the poor man’s gold,” because it is much more affordable per ounce than gold. Currently, in the summer of 2010, silver is almost $20 per ounce and gold is right around $1,250 per ounce. Silver is strictly for barter. Which are the best silver coins to buy for barter? They are the 90% United States silver coins, the dime, the quarter, and the half dollar that were minted in this country up until 1964. They are called “junk silver,” today, not because they are junk, but because some of these coins have quite a bit of wear, having been in circulation in the United States as legal tender up until 1964. After 1964, they were taken out of circulation and replaced with coins that had little intrinsic metal value.

Many people ask, how and when can I use these 90% silver coins for barter? After the dollar collapses and there is no currency to replace it if you need small food items like a gallon of milk or a loaf of bread, or a dozen eggs, these small denominated silver coins are ideal for these kinds of purchases. Say, for example, in our scenario, that after the dollar collapses, silver gets to $50 an ounce. All we need to do to calculate the value or the purchasing power of any one of these coins is to multiply the silver content of the coin times the value of silver per ounce. For example, the dime contains .07 of an ounce of silver, and if we multiply .07 times $50 an ounce, it equals $3.50. If a loaf of bread is $3 or $4, you could buy a loaf of bread with a dime. A quarter contains .18 an ounce of silver (0.18 times $50 is $9.00). A half-dollar contains .37 of an ounce of silver and would be worth $18.30. A silver dollar contains 0.78 an ounce of silver and would be worth $38.85.

If you want to buy silver online there are a few things you need to know. Look for someone who will help with the process, since it is a bit difficult due to the nature of gold and silver.

The next question is, how do I buy these silver coins? Junk silver or 90% silver coins are generally sold in what is called a $1,000 face-value bag. It is called a $1,000 face-value bag because if you add up the face values of all the coins in that bag, they would equal $1,000. For example, a bag of dimes contains 10,000 dimes, a $1,000 face-value bag of quarters contains 4,000 quarters, and a bag of half dollars contains 2,000 half dollars. A $1,000 face-value bag weighs 55 pounds and contains 715 ounces of silver.

If you can’t afford a whole bag then get a quarter bag ($250 face value) or a half bag ($500 face value). If you can’t afford either of those then any smaller amount of junk silver could be a lifesaver. Even if you have a few hundred dollars, buy some junk silver from a local coin shop. You will be glad you had it later. And you can use that simple mathematical formula that I gave above to determine a fair price for any given coin before you go to your local shop. A fair purchase price above spot silver would be anywhere from 5% to 20%. Armed with the formula you won’t get ripped off. Silver dollars are all right also, but generally, they are too expensive per ounce compared to junk silver, and they are a little too big for most small barter situations. I also don’t recommend one-ounce Silver Eagles or silver rounds either because they are a full ounce and are too big for most barter situations.

The Federal Reserve will probably maintain a really free monetary policy over the subsequent few months. Commodity and stock markets should therefore still be able to find solid support after any further fast dips which in turn will control dollar support. The considerable dollar short covering observed over the past forty-eight hours is absolutely a forewarning of additional market stresses later in 2011, nevertheless, markets should be able to get back some balance next week. Wary greenback purchasing on retreats remains to be the best systems strategy given the underlying risk/reward profile.

Nevertheless, currencies will probably remain quiet early in the session as markets watch for the all-important release of the US Employment report. Targets call for the world’s leading economy to add 185,000 jobs in April – marking the lowest rise in three months – while the Joblessness Rate holds constant at 8.8 percent.

EUR/USD currency trading systems signal: The market was planning on no change in rates however they were expecting some sturdy language from the ECB securing an additional rate hike next month and this had been securely denied. EUR and EUR crosses dropped extremely hard and an almost 400-point decline ensued. Support was identified at the prior highs of 1.4500/20 and traders are initially bullish as long as this level holds.

GBP/USD smart fx system signals: Although GBP/USD had been sold last night, aggressive EUR/GBP selling on the ECB comments helped support the fall, and GBP primarily fell 100 points. It needs to be mentioned that on the longer term time-frame, 1.6300-1.6400 ended up being an extremely solid level on resistance and at present may possibly provide support, although short-term selling pressure continues for the time being.

USD/JPY top forex trading system signals: USD/JPY continued to drift lower as the downtrend continues. Worse than-believed US employment statistics along with intense EUR/JPY and GBP/JPY selling helped USD/JPY to the lows. With NFP, a worse-than-expected figure could see sustained downward stress, and traders are satisfied to keep on selling except if we break back up to 81.00.

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