Between Gold and Silver, Which is Easier to Sell
If you want to liquidate or diversify your precious metal holdings, you may be wondering which precious metal will be easier and faster to liquidate.
Gold has more value per ounce and gram, but it might not be easier to sell.
Silver’s lower price point will make it more accessible to the general population than gold, but there are some factors to consider.
Factors that Impact Your Ease of Selling Gold or Silver
Among the variables influencing the relative ease of selling silver or gold are the current spot price, market demand, form, weight, and purity.
Generally, gold and silver in smaller forms and from well-known mints will be easier to sell due to their recognizability and purity. One of the dynamic factors that influence these sales will be market demand.
If gold or silver are in particularly high demand when you sell your products, it will be easier to sell it.
The Easiest Gold Products to Sell
The easiest gold products to sell will be smaller, which will be the most affordable to the public. Gold American Eagles in quarter and half oz varieties balance affordability with instant recognizability.
These have a higher premium than their one oz counterparts, but the higher total cost between these and larger coins should make selling them easier. Their numismatic value will only grow, so if you have difficulty selling them now, they should be more valuable in the future.
The Easiest Silver Products to Sell
Silver is more accessible to the average investor than gold is. The price of silver is much lower than gold. It will prove easier to sell silver since most of the population can afford silver bars, rounds, and coins. Silver coins will prove the easiest to sell among bars, rounds, and coins since sovereign governments issue them.
American Silver Eagles have been in consistently high demand over the last three to four years and are considered liquid even compared to other silver coins. One oz silver American Eagles may be the easiest silver product to sell.
In closing, silver will typically prove easier to sell than gold because of its lower price per ounce. Of the wide range of silver products, American Silver Eagles may be the easiest to sell because of their purity, semi-numismatic value, and reputation.
The Best Silver Product to Sell is Nothing at all
The best way to sell silver and gold is with patience and a deliberate, slow reluctance. Some investors and financial advisors suggest that the best way to sell silver and gold is by not selling silver and gold.
It is often best to hold your gold and silver, so they grow in value slowly over time. If you must, consider selling gold and silver to the retailer you purchased them from since you already have an established relationship. We also buy gold and silver.
