What is Scrap Silver and is Buying it Right for You?
Scrap silver is a way to buy silver that will more often than not allow you to purchase the silver for a really good price. What is scrap silver? Scrap silver is any silver that can be found in bags of old coins, old coins. Other scrap silver can be found in things like:
Still though, the best way to buy or find scrap silver is in old bags of coins. These old coins will usually contain around 40% silver. Remember to check the bag really well, as sometimes you may find a more historical coin that is worth more than its weight in silver.
If you really take the time to look around, then you should be able to purchase some scrap silver for net to nothing. What do you do with the scrap silver when you get it? Well, just like any other precious metal you can either , or you can sell it on the open market.
If you are in the market to sell it, then you can usually find a bunch of websites that are willing to buy scrap silver. You will probably make a small profit above the current spot rate.
Remember to always know what your scrap silver is worth before venturing out to sell it. To do this you will need to know how much silver is in each coin you purchased. This can get tricky, but f done correctly, then buying and selling scrap silver is a great ay to make a profit.