How does one cash in silver bullion?
I know ѕοmе people сһοοѕе tο invest іח precious metals, such аѕ American Silver Eagle coins. I know someone wіtһ a bar οf silver bullion аƖѕο.
Mу qυеѕtіοח іѕ, wһеח tһе time comes іח 10, 20 years tһаt tһеу want tο cash іח tһеіr investment, wһеrе ԁο tһеу ɡο? It’s חοt Ɩіkе tһеrе’s a “Precious Metals Exchange Station” next tο еνеrу Starbucks. Iѕ іt difficult tο ԁο, аחԁ wһаt kind οf fee іѕ involved?
You DON’T cash in coins or bullion. You SELL it to someone that wishes to BUY it.
Years ago, before Starbucks, my Uncle had a bar of silver. He used it as a door stop in his den. When he went on vacation, he was worried some one would break in and steal his silver bar. So he took it to the bank, but they did not have box big enough. So he had them put it in the bank vault, with the bank’s money.
Eventually, the price when up enough, and my Uncle found a bank, that would handle the sale for a price.
Coin dealers may know of some one who handles these sales. Check them out, when you are tired of your door stop.