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Hammered Gold and Hammered Silver Coins: Evaluating Their Price

June 15, 2010 by  
Filed under Silver Coins

When it comes to evaluating the price of hammered coins it is much more challenging than it is for other items that are still manufactured today. That is why both buyers and sellers have to be extra vigilant in ensuring that they buy and sell for a fair price. If you are considering selling or buying hammered coins, make sure that you seek professional advice before doing so and that you do not simply jump in at the first offer.

Before you buy and sell hammered silver coins, or hammered gold coins for that matter, you firstly have to consider how much they are worth to you. If the market suggests a price that is much lower than what it is worth to you, then buy rather than sell. If the market suggests a price that is much higher than what it is worth to you, then sell rather than buy. Although that may seem simple, there are also other factors to consider.

One thing you have to be careful about is ensuring the item you are buying, or selling, is authentic. If you are selling it to a broker or through an auction they will usually take measures to ensure that this is the case, however if you are not completing the transaction using either of those methods then ensure that due diligence is undertaken. Even if you do not want to involve a broker in the transaction directly, you could consider offering a consultation fee for the piece to be evaluated. The internet is also awash with a lot of great information on hammered coins. This can be a great way to add further weight to whether or not the piece is exactly what everyone thinks it is. You can find out the moulds that were being used at the times that the piece is dates, check out the type of metal that was being used and other factors that could further verify if everything is above board.

One great way to find out the value of an item is to find out how much similar items have sold for in the past. Although, ultimately, something is only worth what someone is willing to pay for it, this can be a great way to get a rough figure on which to base further negotiations. If you know other hammered coin collectors in your area then you should ask them for advice on how much they think the item is worth. You may also find that they may show an interest in the item and make an unexpected offer which you could go on to accept. In the case that you are looking to buy an item, be careful that they do not jump in ahead of you!

Remember not to go ahead with a purchase unless you are confident it is what you want to do. You should also not go ahead unless you feel you are going to be fairly remunerated and that you are not going to regret the decision later. In order to ensure this happens you should always sleep on any decisions before going ahead with it, and once you make up your mind you should stick to your guns!

The Author Anthony Travis writes articles about Celtic Hammered CoinsFurther articles written by the author related to Hammered Silver Coinswhich are avilable on the web.

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