Just open up Google, and search for "Coin shops near me.". Consider selling when the spot price is high. Also, eBays seller fees are between 12% and 15% of the final sales price. Becoming familiar with the 'key dates' for your silver nickels, silver dollars, silver dimes. Our Silver Price Calculator is accurate and calculates the Silver Price based on the Silver Market Value on the day. When you sell your silver to a pawn shop, what youre really doing is getting a loan and putting your silver up as collateral. Then, your collection can replenish their inventory as others buy silver. Additionally, this company can also be an excellent option for selling gold. With eBay, you can choose an auction method where people bid during a certain time period. This way, you can receive payment for the value of these precious materials. Theres no need to ship your silver and wait for a price quote. The sites accept all forms of silver, from coins and jewelry, silverware, scrap, bullion, ingots, bars, as well as gold, diamonds and gemstones. Also, consider using Craigslist alternatives to reach more prospective buyers. By using our site, you acknowledge that you have read and Good sterling silver jewelry will not turn your skin green. It would be a consumer to consumer deal so you could get close to the retail value of your silver. While silver flatware made from coin silver isnt as valuable as sterling silver flatware, these pieces are still quite valuable. You will be sent all the necessary labels for this process. Silver is one of the best precious metals for storing wealth. Also, coin shops may offer better rates for bullion than other outlets that focus on selling jewelry. They will guide you through the process, explaining how we test your metals and how we calculate the value of your item. Kitco is the trusted leader in the silver bullion and physical precious metals industry. To get the best value for your silver plated flatware, try listing on multiple sites and be patient as you wait for a buyer. The most important reason is that we are able to provide customers with a peace of mind other retail purchasers simply cannot offer. Sterling silver is an alloy of 92.5% silver and 7.5% of another metal typically copper that increases its durability for use in items like flatware and sterling silver jewelry. When selling your valuable assets, trust is one of the most important factors to consider. Its possible to sell almost anything made of silver, including: You wont pay any selling fees, but you will need to set aside time for a local meetup. Of course, it is extremely rare to receive the retail price that you may have purchased the piece for. Do you have any old silver jewelry that you don't wear anymore? You must ship your silver to the buyer, wait for an evaluation, and then decide whether or not to accept the offer. While you can find pawn shops near you easily, this isnt the best option for selling your flatware. With our exclusive UPS relationship, orders are shipped Next Day or 2nd Day Air so we can start that process even faster. Theres no need to ship your silver and wait for a quote. Fair valuations with Burlingtons You will receive a fair valuation that makes use of our extensive relationships with dealers and collectors. No matter your reason for selling, we will give you the best possible price for your silver in a way that is fast, easy, and secure. Whether you have sterling silver, silver plate or another type of flatware, you simply send it in using CashforSilverUSAs free shipping label. Receive payment within 24 hours of accepting the official appraisal. Silver is a precious metal that has been used for centuries as a form of currency, jewelry, and other decorative items. Since this commodity is extremely versatile, businesses and collectors are eager to buy your silver collection with cash. Because it is made up of 92.5% pure silver, sterling silver is worth 92.5% of the current silver price. If you want to make a quick sale, you will need to come off the current retail price so you and the dealer can make money. Sell Silver: Scrap Silver Price in Uk per gram - London Gold Centre Most dealers offer prepaid shipping with USPS, FedEx or UPS. The main draw to pawn shops, of course, is that they offer you a way to sell your silver for cash immediately. Our No. You can also try selling to online jewelry stores. How Do I Determine What Kind of Silver I Have? If you have sterling silver jewelry, sterling silver flatware, or other pieces that you bought or inherited but no longer want, its absolutely worth it to sell your sterling silver for scrap to a reputable online buyer likeCashforSilverUSA. The United States and most of the world follow the standard of 92.5%, though France and some other countries have a standard of 95%, or 950 silver. the value of the silver it contains. There are a few things you can do to vet a potential buyer: Check online reviews: A quick Google search will reveal any red flags about a company. For example, some countries use the troy ounce to measure silver bullion, while others use the standard ounce. With our focus on silver bullion bars, you can benefit from our competitive live silver bar prices and premiums within the silver bullion industry. Typically, this type of flatware sells best at auction houses when it holds value outside the silvers market price. Burlingtons Ltd have been buying and selling antique, vintage or modern silver for years and our experts are on hand to give you the best evaluation possible. Silver buyers wont buy silver plated flatware like they will when it comes to real sterling silver, although you may be able to sell it on sites like Craigslist or eBay. Please note exact pricing may vary. Take proper precautions like meeting in a public space. If you accept the offer, youll get your money quickly via PayPal or check. You can get fair offers for coins but remember: the shop has to make a profit. Silver is not magnetic, so if your piece is attracted to a magnet, it is fake. 925 sterling will tarnish, and when rubbed with a white cleaning cloth, black residue will show on the cloth. Be sure you follow the directions emailed to you. No need to go through the trouble of locating a local buyer. Sell Your Gold & Silver To Us | APMEX Silver recyclers specialize in collecting precious metals in order to recycle them. For scrap silver, the coin shop would act as a middleman. Local coin shops are a good option if you want to sell silver currency and bars. Great Lakes Coins & Collectibles 8 Hobby Shops Gold Buyers $$ It's easy - check out the companies below to get started. But to really know for sure, you need to do a few tests. Ultimately, the best place for you to sell your silver will depend on exactly what it is. Silver prices are up 10% from a year ago on a silver shortage and high interest rates. If you have a highly unique piece with more than just silver in it, call to provide details to the specialist. Bullion & Coin Exchange 20 Investing Gold Buyers $$ It will also depend on if you have sterling silver, silver plate or another type of flatware. Your email address will not be published. Like with other items bought by pawnbrokers, expect to receive 25 to 50% of the retail value of your silver at a pawnshop. Consider this option if your jewelry also has gold and gems. Then, they were stamped with the purity level contained in the piece, usually around 90% (.900). If you are selling sterling silver flatware, take your time and shop around to get the best offer. You will be paid as soon as possible for the rate you agree upon. Arizona Gold Exchange 23 Pawn Shops $$ Locally owned & operated Established in 1989 "This is a top-notch place to sell your gold or silver. Silver can be an excellent long-term investment, and you are likely to find a buyer willing to pay a higher price. Hammam l'Alhambra. Additionally, as with eBay, you can search to see what other people are listing their items for. Their process is simplified into a handful of easy steps that make it easy to sell your jewelry online. Wealthysinglemommy.com founder Emma Johnson is an award-winning business journalist, activist, author and expert. Whats the alternative holding onto it and letting it clutter up your house? SilverRecyclers.com is not a dealer or refiner. Top 10 Best Sell Silver in Minneapolis, MN - April 2023 - Yelp First, proper storage will help keep tarnish and scratches at bay. Choose between private sales, auctions, or immediate purchases for your item. If you do find a local silver exchange, youre unlikely to get as much for your sterling silver as you would from a top online sterling silver buyer like CashforSilverUSA sister site of top-rated CashforGoldUSA. Sell Gold & Silver to a BBB A+ rated St. Paul & Minneapolis, MN Gold Buyer. Home | Site Map | User Agreement | Privacy Policy | Contact, It can be time-consuming if you have multiple items to sell, The eBay selling fees are 10% of the total sale price, You will typically get paid through PayPal which has poor customer service, There is a short learning curve if you've never used eBay before. Sterling silver and 925 silver are the same thing. Sterling silver jewelry is often stamped with 925.. For instance, an auction house may be a good place to sell flatware if your family silver set is old or was owned by a well-known person in the 1800s. This particular method of selling your flatware is easy.