When you think of precious metals, you probably think of wearing a platinum ring or collecting gold coins.

However, silver bullion is actually the most diverse of the precious metals – meaning that it’s a very profitable metal to have on hand. If you’ve got some, there are 4 ways you can make money off of it.

1. It’s appealing to basic coin collectors

Even coin collectors that don’t have a ton of money to spend – or a truly intricate knowledge of the coin world – will appreciate silver dollars. By having a collection that’s chock full of silver dollars, you are guaranteed to have a number of buyers to choose from, if and when you ever decide to sell them.

2. History buffs like it

For people that are really into history, silver dollars are just plain fun to look at. They’ve been minted by the U.S. government since the late 1700’s, and in that time, they have showcased some of America’s most famous people and events. Even if you’re dealing with someone who isn’t particularly fascinated with coins, they’ll appreciate the historic value behind silver dollars from any year.

3. It’s a favorite of experienced coin collectors

If you’re trying to market your coin collection to more serious investors, one of the best things you can have on hand is a Morgan Dollar. These coins were minted in the late 1800’s and early 1900’s. A Morgan Dollar is far rarer than the average silver dollar, and its historic value is even higher. That’s because these coins were minted to guarantee America’s silver holdings. In fact, they were so important, that the very first Morgan Dollar ever minted was given directly to then-President Rutherford B. Hayes.

4. It has industrial appeal

Silver bullion is used for a whole lot more than just making coins. In fact, estimates show that 95% of the silver bullion ever minted has gone to industrial uses. That’s because, unlike other precious metals, silver bullion is very malleable, a good conductor of energy, and strong enough to withstand extreme temperatures. It is used from everything to water purification, to electronics, and imaging. In fact, silver bullion is even used in the health care industry because it has antibacterial properties! And, of course, silver bullion is a huge part of the jewelry industry.

Bottom line – if you have silver bullion on hand, there will always be a company or an industry that will be willing to buy it from you!