How to Receive More When You Sell Franklin Mint Sets
If you’re like a number of folks, you may have got caught up in the craze of buying and collecting Franklin Mint sterling silver currency, medals, and ingots from the 1970′s, 1980′s, and 1990′s that you’re now interested in selling. Alternatively, you may have received Franklin Mint silver coin, medal, or ingot collections from an inheritance or an estate that are collecting dust that you would like to sell.
Regardless of how you happened to come across your Franklin Mint silver coin collection, taking heed to the following guidelines and tips should help you to receive more money when you sell your Franklin Mint silver coin collection to a silver coin buyer.
Initially, if you don’t closely monitor the silver market, you may be pleasantly surprised to learn that the price of silver has increased threefold over the past three years, making it an excellent time to sell your Franklin Mint silver collection to a silver coin buyer.
Now that you’re aware the price of silver has appreciated considerably over the past few years, it’s also important to become a bit more familiar with Franklin Mint silver coin collections. Since the price of silver was much less when most Franklin Mint sterling silver collections were produced, it was common for a large quantity of most of the sets to be minted, which translates into little collectible value for most of these sets. Additionally, most Franklin Mint sets are composed of sterling silver, which is equal to 92.5% silver. Due to the fact that these silver currency, ingots, and medals are less fine than many of the offerings available in the marketplace, there tends to be less demand from silver coin dealers for these sets.
It’s important that you set realistic expectations when selling your Franklin Mint silver set or collection. Once you’ve established some general guidelines, the next step is to find a well established silver coin dealer in your area, or an online coin dealer to whom you can sell your silver ingots, medals, or currency. We suggest that you only considering doing business with silver coin dealers that are affiliated members with the Better Business Bureau (BBB). Check their history to determine if they’ve had several complaints or any unresolved claims.
Once you’ve determined that the coin buyer you’re considering is in good standing with the Better Business Bureau, the next step is to do a general internet search to determine what type of experience previous customers have had. Ideally, you’d like to at least see a couple of reviews or testimonials from prior customers sharing their opinions. Needless to say, a track record of negative reviews should raise a red flag.
If the silver coin dealer or online coin dealer has passed the muster to this point, we recommend that you do a general search of the coin dealer’s website to determine if they appear to be a customer-service focused or oriented company. The website should be clear, easy to navigate, and provide helpful information or educational resources to help you in your decision making process.
Furthermore, whether the quote that you receive for your Franklin Mint set is over the phone, in person, or online, it should be a straightforward price that is easy to understand. If the silver coin dealer provides you with a quote based on pennyweights, grams, or some other basis that isn’t easy to understand, consider moving on. The quote provided should be provided on a per silver coin, medal, or ingot basis, or for the collection as a whole.
Also, if you have selected a coin dealer from out of town or out of state, and will be shipping your collection, make sure that the silver coin dealer is willing to lock in a rate for you. You don’t want to run the risk of the price of silver dropping while your set is in route, which could end up costing you hundreds of dollars.
We hope that the above guidelines have helped in identifying how to sell your Franklin Mint collection, and to whom you should consider selling your sterling silver set. We wish you the best of luck!
Want to find out more about how to sell Franklin Mint sets for more, then visit Atlanta Gold and Coin Buyers’ site on how to choose the best silver coin dealer when you sell Franklin Mint collections.
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