When one is considering how to get into the precious metals investment industry, one option that might not immediately come to mind is looking into how one can sell Franklin Half Dollars. These coins come in two varieties. The first one is a silver coin that comes quite close to being considered a numismatic coin. The second is more common and can be considered to be a "junk silver" coin.
The Franklin half dollar was minted in the period spanning 1948 to 1963 in three mint locations - Philadelphia, Denver and San Francisco. The early mints of the Franklin half dollars are of particular interest to coin collectors, because there were relatively fewer mints of the coin from the period 1948 to 1950. Combined with heavy smelting in the 1980s, Franklin half dollars are among some of the rarer coins today and as such, they generally command higher premiums from collectors looking to complete their half dollar collections.
The majority of Franklin half dollars which are considered to be "junk silver" because they are 90% pure silver are usually sold in bulk. For ease of transaction, these coins are grouped together in bags with certain "face values", that is, the price of the bag were you to only recognize the value of the coin in terms of legal tender. The more common face values of bags of silver half dollars are $100, $250, $500 and $1,000. Determining the actual value of the bag is a relatively straightforward process of finding the amount of silver present in each coin, multiplying that value by the number of coins, and then multiplying the resulting number of ounces by the price of silver per ounce on the open market.
If you are thinking about selling Franklin half dollars, one very obvious factor which is easy enough to determine without any specialized knowledge is the date when the coin was minted. This is especially important because in the case of these half dollars, the amount of pure metal in relation to copper started to decline with the later mints. There were a few years where the coins were created from mostly pure silver. Easily enough, the coin came to be known as the Franklin half dollar because of the face of Benjamin Franklin on the obverse of each of the coins.
With this information at your disposal, all you have to do is find a reliable and trustworthy coin dealer with whom to conduct business, and you're on your way to making serious money when selling Franklin half dollars. Of course, you want to find coin dealers who will be able to give you the best price compared to the actual value of the bag. Because of mark-up with any coin dealer, you wouldn't be able to expect to receive the full actual value of the bag. That's just the cost of doing business.
In addition to competitive pricing, the right coin dealer will be able to provide an excellent level of customer service, and it's easier to gauge if the dealer provides this by referring to any feedback left by current and past customers. A coin dealer who has been in business for some time can also indicate that they have good business practices which pay off not only in the short-term, but in the long-run.
Considering that the price of silver has gone up tremendously over the years, anyone with previous investments in silver can cash in on their investments when they sell Franklin half dollars. The industry is thriving, and it is more than willing to welcome your business.
Learn more about the best way to sell Franklin half dollars. Stop by Atlanta Gold and Coin Buyers' site where you can find out all about junk silver coins.
