FAQs
Golden Peaks Coin, Gold & Silver
Have a gold or silver-related question? We have the answer. Check out these FAQs and get in touch with us today for more information!
How do I sell a coin collection?
Bring your collection to our store so we can inspect the quality and talk further! According to Zippia, the U.S. has over 671 gold buyers, but we're a top choice. Call or visit Golden Peaks Coin, Gold & Silver today if you're looking to sell gold coins in Littleton, CO.
Where is the mint mark on a silver dollar?
Mint marks can be located in different areas, depending on the type of coin. As an example, mint marks are on the back of the coin on Morgan and Peace silver dollars. They can be found at the bottom below the wreath on Morgan silver dollars and beneath the word “ONE” on Peace silver dollars.
Silver dollars minted in Philadelphia, the largest producer of silver dollars, do not have mint marks. As the leading providers of cash for gold in Littleton, CO, we're happy to share our knowledge, so call us today to learn more.
What’s the difference between bullion and numismatic coins?
The value of bullion coins, bars, or rounds is based solely on the precious metals content, while numismatic coins derive their value from the underlying metal content as well as the rarity and demand for the items as collectibles. Give us a call today to sell gold coins in Littleton, CO.
Were gold coins used in general circulation?
Yes. We've found that pre-1933 U.S. gold coins, composed of 90% gold, were produced for general circulation purposes and used for daily transactions. The denominations produced were $1, $2.50, $3, $4, $5, $10, and $20. Generally speaking, we've seen that on a relative basis, $1, $3, and $4 gold tend to have the most collectible value. With all this valuable knowledge, you're all set to visit us and sell gold coins in Littleton, CO.
How can I tell if a coin is silver?
The best way is to take a look at the edge of the coin. If you see a copper stripe, the coin is clad. If the stripe is silver with traces of copper, it may be 40% silver, in our experience. If the edge is solid silver, it’s likely a silver coin. Additionally, most silver coins have reeded edges. While we offer cash for gold in Littleton, CO, we know plenty about silver coins, so call today to learn more.
What's the value of silver?
The value of silver is determined by the current spot price and your silver’s weight, purity, and rarity. Whether you're looking to buy jewelry or sell gold coins in Littleton, CO, we're here to help.
Which U.S. coins are silver?
We've found that dimes, quarters, and half dollars issued for general circulation in 1964 and earlier are composed of 90% silver. We've also seen that silver dollars produced in 1935 and earlier are 90% silver. Alternatively, half dollars issued from 1965 to 1970 contain 40% silver content, in our experience. We'd love to purchase your silver coins or offer cash for gold in Littleton, CO, so call us today.
What is silver bullion?
Silver is a refined, physical metal, available in various forms. Generally speaking, silver bullion refers to items made from silver whose price is directly tied to the quantity of silver they contain. In other words, silver bullion is priced based on the current spot price of silver.
Silver bullion is a precious metal that has intrinsic value. As a prevalent and useful metal, it's essential to distinguish between items containing silver and actual silver bullion. For instance, a piece of jewelry can be made of pure silver but not classified as silver bullion.
Generally speaking, silver bullion includes silver bars, rounds, medals, and government coins (note that coins are priced and valued for their silver content, not their face values which tend to be absurdly low). Physical silver bullion is just one type of investment in silver. It’s important to distinguish that buying physical silver is completely different than other investments tied to silver (like certain ETFs, stocks, and commodities futures – in other words, “paper silver”). If you'd like to sell silver items or sell gold coins in Littleton, CO, contact us today.
Where do I buy silver bullion?
Where you choose to buy silver bullion is a personal choice since you have the option of purchasing both online and in person. Before the internet, few options existed for buying bullion outside of local dealers and coin shows. Today, some people still prefer to buy silver from local bullion dealers, pawnshops, and coin shows like ours! Come in today and be able to see the pieces you are interested in person, whether you're looking to buy silver bullion or get cash for gold in Littleton, CO.
Why silver instead of gold?
The first and most obvious difference is that silver is significantly more affordable than gold per ounce. We've noticed that, at the time of writing, $100 will get you a bit more than one gram of gold but will get you over three ounces of silver. Silver offers investors the same benefits of hedging against inflation with a physical commodity at a much lower price per ounce.
This lower price-per-ounce also makes sense from a bartering perspective. In a bartering situation, you need to have “exact change,” and gold doesn’t lend itself to smaller, everyday transactions. In addition, silver has many more industrial applications than gold, generating high demand from manufacturers of electronics, medical devices, dental products, and cars.
This demand can mean higher upside potential compared with gold, which is primarily used as an investment or in jewelry. If you're interested in obtaining silver, you've come to the right place! We do more than just offer cash for gold in Littleton, CO. Give us a call today to get started.
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