Thursday, January 5, 2012

The Best Way to Sell Silver Bars

By Glen Phillips


Whether you are interested in buying or selling silver bars, you should definitely think about entering this expeditiously-paced market. Every day more people around the world are learning how they can save for their futures, and for the futures of their loved ones. The decision to sell silver bars is a good way to secure your own future because there will always be someone out there willing to buy it from you. Think about it- the government used to make silver currency (quarters, dimes, etc), electronic companies use silver in the production of machinery and such, and jewelry manufacturers use it to make silver trinkets (due to its antibacterial properties)- among hundreds of other reasons that I have left un-named.

First up, it is important to know about the various available types of silver bars as you could have any one of these without knowing exactly which one. Among the more common are bullion silver mints from Engelhard and Johnson Matthey but there are also equally sound silver investments from Sheffield, Handy & Harman, Wall Street Mint, NTR, Sunshine Minting, Royal Canadian Mint, APMEX and NTR.

If you have never had the opportunity to sell silver bars before, then you are sure to know that there are too many types of bars out there to name at the moment. As a rule of thumb, you desperately need to know which ones you may be selling. The top two silver bullion bars, or bricks as they're sometimes referred to, happen to be from the highly regarded companies of Engelhard and Johnson Matthey. There are doubtless more silver investments out there such as APMEX and NTR, but these two take the cake. Engelhard is noted for being the producer of very high-quality silver bars; branded with exact clarity of the silver contained within each bar. Johnson Matthey silver bullion bars are actually no longer said to be manufactured, although the bars are still being heavily circulated. Silver bars from either of these labels will stem higher fees per troy ounce than any other company.

Oh slick, sweet and shiny silver bar- how I adore you so! Silver bars graciously come in an assortment of sundry dimensions. You have the 100, 50, 25, and 10 ounces as well as the 5 and 1 oz silver bars. If these do not tickle your fancy then you may want to try the 1000 oz silver bar on for size. However, I must warn you that larger investments in silver are mainly squeezed into set transactions and not every buyer will have the assets necessary to acquire such amounts (feel free to ask silver coin buyers if they may be interested in these bars as well). Don't forget that the spot price of silver must include some type of markup price.

A good tip to remember is that the brand of silver influences the quote price to a certain degree. The common brands Engelhard and Johnson Matthey typically sell for a slightly higher price because they are largely known and are reliable investments. On the flip side, unmarked or poorly branded silver bars will sell at a cheaper value because it takes extra effort to determine and calculate the exact silver amount in the bar. The absence of a recognizable brand name will also mean the buyer has to hedge himself against the investment risk further driving the price down.

Once you have properly established all of the ground rules, and maybe even checked some of them over twice, you will be ready to sell your cherished silver bars. You then need to rummage around for the right silver coin buyers. Find a few good silver bullion dealers that you like and then find a highly competitive price. Make a list of 5-10 buyers, then pick from out of your top three.

Selling silver bars is an amazing journey to financial freedom, and the profits for you are endless. What you simply need to do is choose a fortified dealer for your silver bars, and check into the appropriate field of assets that you are holding so that you know what to expect when you sell silver bars.




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