Buy pre-owned silver coins
Pre-owned silver coins are authentic silver coins that have previously been in circulation. These coins are cheaper to purchase than the newly minted silver coins, while having exactly the same intrinsic value as the new coins. The difference is in the cost of production, which you do pay for newly minted coins and not for silver coins that have already been in circulation. At The Silver Mountain, you can shop well for both new and pre-owned silver coins.
Why buy pre-owned silver coins?
You can buy newly minted silver coins or buy pre-owned silver coins. The main difference is found in the cost. With pre-owned coins, there are no new production costs involved, making these silver coins more economical to purchase. In addition, there are several good reasons to choose pre-owned silver coins.In most cases, these silver coins are available immediately, so there is no waiting period. Pre-owned coins are a more sustainable and environmentally friendly option because the need for new coins is reduced and fewer new coins need to be produced. Another good reason is that the intrinsic value of pre-owned coins equals that of newly minted silver coins, while you pay less for them.
When you're considering buying silver coins, you're often faced with the choice between newly minted pieces and pre-owned ones. The key distinction between them lies in their pricing.
Opting for pre-owned silver coins presents several advantages. Firstly, since these coins have already been circulated and purchased back from individuals, they do not carry additional production costs that are typically included in the price of new coins. This makes pre-owned coins a cost-effective option for those looking to invest in physical silver.
Moreover, the convenience factor cannot be overlooked. Pre-owned silver coins are readily available, meaning there's no waiting period for delivery. This immediate availability can be crucial for investors looking to secure their holdings promptly.
Beyond financial considerations, choosing pre-owned coins also aligns with sustainability principles. By opting for pre-owned silver, you contribute to reducing the demand for newly minted coins, thereby promoting a more environmentally friendly approach to precious metal investments.
Importantly, despite being pre-owned, these coins retain the same intrinsic value as their newly minted counterparts. This means you get the same quality and purity of silver at a potentially lower cost, making pre-owned silver coins a smart choice for both seasoned collectors and investors alike.
In conclusion, whether you prioritize cost-effectiveness, immediate availability, environmental sustainability, or maintaining the value of your investment, pre-owned silver coins offer compelling benefits across the board.
What to look for when buying pre-owned silver coins
When considering an investment in silver, opting for pre-owned silver coins is often recommended. But which ones should you choose? We advise looking at the price per gram. Essentially, the cheapest recognized investment-grade silver coin is typically the most economical choice.
There are pre-owned silver coins that appear brand new, as well as those with signs of previous use (circulated condition). However, the condition of the coin doesn't affect its intrinsic value, which remains consistent in all cases.
To ensure authenticity and quality when purchasing pre-owned silver coins, it's always advisable to buy from a reputable dealer.
Quality and authenticity of pre-owned coins
So how do we verify the quality and authenticity of pre-owned silver coins? To do this, we at The Silver Mountain use equipment that measures the purity and weight of the coins.
In addition, the magnetic characteristics in the coin are also measured by this sophisticated equipment. Our GVS Bullion Tester ensures a thorough and accurate testing process. All pre-owned silver coins we receive are also visually inspected by our experts and compared to authentic coins for all characteristics and properties. This allows us to always offer you the assurance that our pre-owned silver coins are genuine and high quality.
Our range of investment and collector coins
The Silver Mountain offers a range of silver collector coins and silver investment coins. Our pre-owned collectible coins have a higher value. This is mainly due to the fact that these coins have unique designs, have historical value or are rare.
For investors and collectors interested in rare coins and special editions, our pre-owned collectible coins are definitely recommended. Investors who especially want to benefit from the silver value are more likely to choose pre-owned silver investment coins. These coins have a lower spread between the purchase and sale price. Investment coins are financially more advantageous to purchase than the collector coins.
Investing in pre-owned silver coins
Silver coins always retain their intrinsic value, where it is irrelevant whether they are newly minted coins or pre-owned coins. The intrinsic value is exactly the same, while pre-owned silver coins are more advantageous to purchase. This means that pre-owned silver coins are a cost-effective option for investing in silver.
They are reliable when it comes to preserving wealth and can also be easily traded again if desired. Are you buying your new or pre-owned silver coins from The Silver Mountain? Then you can always sell the silver coins back to us at a fair price.
Frequently asked questions about pre-owned silver coins
Are pre-owned silver coins worth as much as new coins?
Pre-owned silver coins are cheaper to purchase because the production costs of the coins no longer play a role in the purchase of pre-owned silver coins. Despite the fact that pre-owned silver coins are more advantageous to purchase, they have a value that is exactly the same as newly minted silver coins of the same type. This is because the purity and weight are exactly the same, so the intrinsic value is as well.
Where do pre-owned silver coins come from?
Pre-owned coins are purchased from private individuals by our sister company, Inkoop Edelmetaal. In the vast majority of cases, you buy pre-owned silver coins from The Silver Mountain that were previously purchased from us and that people sold back to us at a later time. As a buyer with us, you can also take advantage of the repurchase guarantee whenever you want.
Is it wise to invest in pre-owned silver coins?
If you want to diversify your portfolio with silver at an attractive price, pre-owned silver coins are definitely a good choice. Because no production costs are charged again, you can buy the pre-owned coins cheaper than the new coins, while the value is exactly the same.