Selling silver on eBay is a good option for any type of silver. Take proper precautions like meeting in a public space. Please note exact pricing may vary. APMEX also implements best-in-class propriety authentication processes to guarantee every product, both on the buying and selling side. As a rule of thumb, pawn shops will usually pay around 50% of the resale value of an item. Cash for Silver USA could be the right choice if you want to sell silver for cash. You might be wondering what coin silver has to do with flatware. Silver is not magnetic, so if your piece is attracted to a magnet, it is fake. In alphabetical order, here are some of the most popular places people use to sell flatware. Schedule an appointment online or with an industry specialist near you. When they get your shipment, theyll analyze the flatware and email you an offer price. This will force the potential buyer to give you their best offer. It is easy to sell sterling silver online, whether you have sterling silver jewelry, sterling silver flatware or other items. As an Amazon Associate we earn from qualifying purchases. How Do I Determine What Kind of Silver I Have? This site may or may not be the best place to sell your silver flatware depending on how you choose to advertise your items. Requesting a Quote or calling us at (800) 514-6318. You just need to enter the weight of your item, select the purity, and then hit calculate. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Privacy Policy & Terms | RyanHart.org is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites. 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. 13. A simple Google search for online silver buyers or online gold buyers will yield a lot of potential companies willing to buy your metal. Fine silver (99.9% pure silver) is much too soft to be used in a flatware manner, making sterling flatware the premium product in this space. Silver value depends on the type, and some types are more valuable than others. If you arent sure which auction house to use, Sothebys is one of the best auction platforms for selling silver valuables as they have an international presence. You can manage the entire selling process right from your home computer. 1 recommended silver buyer is CashforSilverUSA, thanks to its A+ BBB rating, payment within 24 hours, 100% free trackable shipping, and free Jewelers' Mutual insurance up to $100,000, and best price guarantee. You get free shipping, insurance and can receive payment within 24 hours of accepting the official appraisal. Whether you have sterling silver, silver plate or another type of flatware, you simply send it in using CashforSilverUSAs free shipping label. Selling silver is not as easy as buying silver, but it can be a simple process. Let's dive in and learn about the top five marketplaces to sell silver. These can include: Usually when people opt to sell silver in person to a buyer near them, instead of to an online buyer, its because theyre uncomfortable with the idea of sending their silver through the mail. That means its a great time to sell sterling silver. Pawn Shops 10. First, try to remove the tarnish with a dry silver cloth, rubbing only as firmly as you need to. The best place to sell is going to depend on several different factors: The type of silver you are selling How fast you want to sell So there isn't one best place. Cleaning flatware properly is important so that you can preserve it for years to come. CashforSilverUSA is a sister site of CashforGold. Once you have a buyer and agree upon a price, you will ship out the piece and receive payment through your eBay account. Copyright Ryan Hart Publishing LLC - All Rights Reserved - Privacy Policy. Their process is simplified into a handful of easy steps that make it easy to sell your jewelry online. Take whatever precautions you need to take to avoid being the victim of a scam or theft. The sites accept all forms of silver, from coins and jewelry, silverware, scrap, bullion, ingots, bars, as well as gold, diamonds and gemstones. One of the easiest ways of selling silver is to find an online buyer. While silver flatware made from coin silver isnt as valuable as sterling silver flatware, these pieces are still quite valuable. 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. To find out what you can expect to receive for your product, you can request a quote online at any time. There are online silver recyclers as well as in-person companies that recycle precious metals. The price of silver can also be affected by factors such as supply and demand, geopolitical events, and economic conditions. Silver plated vs. sterling silver: Whats the difference, which is worth more? Many people own silver flatware, whether its a single piece or a whole set, but they never use it. Best sell silver near me in Phoenix, Arizona Sort:Recommended Price 1. There are 28.35 grams in one imperial ounce of silver, but there are 31.1 grams in a troy ounce, which is explicitly used for weighing precious metals. You can get a quick sale but you won't get anywhere close to the true value of your silver. Silver can be an excellent long-term investment, and you are likely to find a buyer willing to pay a higher price. Your email address will not be published. This especially holds true if the offer is from an unknown private party. With eBay, you can choose an auction method where people bid during a certain time period. eBay is another option for selling your flatware. Valcambi stamps each Silver bar with the weight and purity, so you can be sure you are getting only the highest quality Silver from a reputable, trust-worthy manufacturer. Will buy any weight or size of silver, gold, diamond, gemstones, fine watches and jewelry, Free returns on your items if you decide not to sell, 10% bonus if you send in your item within 7 days, Sterling silver items will have a hallmark or be stamped with 925 (occasionally, 950 which means the item has 95% silver). Sterling silver and 925 silver are the same thing. A jewelry store might be willing to buy fine silver and sterling silver jewelry in good condition with a high resale value. Avoid pawn shops if you want to get the highest price for your flatware. Online Bullion Retailer 9. Thats understandable, but its important to understand that in-person buyers like pawn shops will often pay less than online buyers. You and the buyer will need to agree on a fair price. You should know the fair value of your silver before you get an appraisal from a potential buyer. Gold and silver buyers, jewelers, and pawn shops buy precious metals of all kinds. They'll contact you right away and send your payment. 1 recommendation for most silver sales. Some places may only compensate you for the silver value. You can get a loan and use your silver as collateral. Some of the items you can sell here include: Since youre selling the item to another retail shopper, your selling price can be the current material value of the silver, any other precious metals or gems and the collectible value. There are many places to sell silver but some places are better than others. With our exclusive UPS relationship, orders are shipped Next Day or 2nd Day Air so we can start that process even faster. If you accept the offer, you will be paid promptly, minus any auction costs or selling fees. Here's what else you might want to know before selling sterling silver: You have several quality options for selling your sterling silver: near you at a jewelry store, gold and silver buyer, coin dealer, pawnshop or some jewelry stores. The most important reason is that we are able to provide customers with a peace of mind other retail purchasers simply cannot offer. Please note that we do not offer international shipping at this time. More on the pawnshop experience here. Overall, selling online is the best way to get the most money for scrap silver. Sterling silver is marked as 925 silver when it contains 92.5% silver, combined with another metal typically copper. If you have scrap silver you want to get rid of, there are a few reasons why selling online is a good idea. Josh has also been a regular contributors to Fox Business, Forbes Advisor and USA Today Blueprint. Online are a handful of options, including ebay, or our recommendation, CashforSilverUSA. The buyback process varies by shop. These stores can also help you sell unwanted clothing, sports equipment and other personal goods. Coins were often melted down and made into flatware and other silver pieces in the late 18th century. Timing is everything, so pay attention to market conditions. When it comes to silver value, real sterling silver flatware is the most valuable type of flatware. Fees with eBay vary based on what you are selling. You may also have to pay shipping fees if you offer free shipping to the buyer. But, it might be worth more than regular silver plated flatware. There are just a few steps to get cash for silver. Second, it will help preserve the value of the flatware. Get Started Other Benefits of Partnering with APMEX While these are great options for silver bars and coins, they are not exactly the best place to go if you want to sell scrap silver. There are many ways to sell flatware. Consider a silver auction for these items: An auction can help you earn a higher price for collectible items instead of getting an instant buyback quote from a silver dealer. You just select the coin you have, the number of coins, and the calculator will give you the total silver value. It will also depend on if you have sterling silver, silver plate or another type of flatware. It's an online auction website so your items will be sold to the highest bidder. Silver is one of the best precious metals for storing wealth. Learn about all the benefits of choosing to sell your products to APMEX, including our competitive pricing and on-site product expertise. Offers are usually low because they need room for a profit. Remember that there are plenty of buyers out there so if a deal isn't right, then it's perfectly fine to just walk away. They will guide you through the process, explaining how we test your metals and how we calculate the value of your item. While there is plenty of upside to using eBay, there are also several downsides: You should stay away from these businesses because they are just middlemen. In most cases, the buyer is a silver dealer that wants to buy your items at the lowest price possible to increase their potential profit. or silver nickels is a good way to ensure you don't end up selling a $1,000 silver dollar for its weight in scrap silver! Specialties: BUYING/SELLING: Gold, Silver, Jewelry, Coins, Estate Items, Ephemera, Postcards, Books, Watches, Vintage Toys, Military Items, Comic Books, Sports . You can expect at least a 20% reduction in the value shown due to fees paid to the company that purchases your flatware. One potential risk of selling on local buy and sell apps is the lack of seller protection. These experts take their time to examine the silver, confirming authenticity, weight, and other essential features. 16. It's easy - check out the companies below to get started. Sell Gold & Silver to a BBB A+ rated St. Paul & Minneapolis, MN Gold Buyer. Find the weight of your sterling silver in ounces, Multiply that weight by .925 to determine how much pure silver you have, Multiply that number by the current price of pure silver (in ounces). In order to get the best deal, you need to know a few negotiating tactics. As with pawn shops, you might be offered a lower price for your flatware than what youd be offered at a place such as CashforSilverUSA. This can help you set pricing for your items, whether they are sterling silver or silver plate flatware pieces. Bullion & Coin Exchange 20 Investing Gold Buyers $$ If youre considering selling to a business, check the businesss Better Business Bureau or Trustpilot rating. We buy bullion, numismatics, rare coins and currency, as long as we can authenticate it. Selling to a specialty store or private collector can help you earn the most money. We carry the widest variety of products in the industry and are always looking to expand our inventory. The best option depends on the type of silver you want to sell. The best consignment stores will help you sell your flatware quickly. Since your sterling silver items can still be worth quite a bit of money, and are certainly worth selling. If you need to make the first offer yourself then ask for more than what you would accept. Silver that is 99.9% pure is known as fine silver, while silver that is 92.5% pure is known as sterling silver. This is a decent option for coins and bars, but not for scrap silver. Wealthysinglemommy.com founder Emma Johnson is an award-winning business journalist, activist, author and expert. When you sell your product using APMEX logistics, you get the advantage of our exclusive relationship with UPS, which includes our discounted shipping rates. Our Silver Price Calculator is accurate and calculates the Silver Price based on the Silver Market Value on the day. Here are some tips to help determine what kind of flatware you have. Here are some common questions about sterling silver. Our Purchasing department carries vast product knowledge and at any time we can consult our Numismatic team, who offer more than 100 years of combined professional numismatic experience. Best sell silver near me in Mesa, Arizona Sort:Recommended Price 1. When you visit one of our stores, you'll be greeted by our professional staff. The shipping fees can be high for bulky items and to insure your package. Alternately, you can set a flat sales price and hope people will buy your flatware. Laurie has been featured in publications such as The Philidelphia Inquirer, The Seattle Times and Bankrate. Selling through APMEX allows you to take advantage of our direct relationship with UPS, providing a fully insured logistics solution at our discounted shipping rate. Most dealer websites list the current purchase price if you sell to them. You may be able to earn more than online dealers offer. Sterling silver is worth 92.5% of the current silver value. Once they receive your items, the items will be appraised within 24 hours, at which point you will receive payment by check, Paypal, or bank wire. However, you are responsible for shipping and insurance. Online buyers are willing to pay more for silver because they can sell it for a higher price. Experts recommend only storing silver flatware in a cloth meant for doing so. There also chickens running around or . 2023 Wealthysinglemommy.com, Single Moms: Date, parent and make money like a mother, 25 gifts for your boyfriends mom shell love, Remarriage after divorce? But just like selling to a pawn shop or jewelry store, these buyers typically face less competition locally than online buyers. Our top recommendation for selling sterling silver is CashforSilverUSA because: Here is a recent sterling silver payout on CashforSilverUSA.com: 5 silver bar buyers where you can sell silver. Despite the extra effort, consider selling your high-value items another way so you can make more money. Silver bars and other precious metals sold to Kitco are recognized in bullion markets around the world. eBay may be the best option for you if you want to ensure you get a great price and you're not in a rush to sell. Sterling silver prices are on the rise amid the conflict between Russia and Ukraine. That said, it wont bring the price that youd get for authentic sterling flatware. Regions Bank, Business Banking, 423-321-6638 (main office) (please note that our company name is 2nd Markets Corp., this site is owned by 2nd Markets Corp - www.2ndMarkets.com) The company buys silver in all of its forms, including: broken or damaged silver jewelry; scrap silver, silver bars, ingots, and bullion; silver flatware; silver coins; and silver jewelry. With eBay, you can compare what other types of flatware, ster are being sold. CashforGoldUSA's sister site CashforSilverUSA is the online silver buyer that we recommend. While its possible to fetch a higher price for rare and high-demand items, an auction doesnt guarantee you will earn more money. Silverrecyclers.com is a participant in various affiliate programs, including the Amazon Services LLC Associates Program.This is an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon. Cash for Silver USA Cash for Silver USA is a trusted North American silver buyer. Additionally, this company can also be an excellent option for selling gold. We do not buy or sell precious metal. For scrap silver you can use our scrap silver calculator. Are you looking for the best places to sell silver flatware? If you want to sell any Sterling Silver, get in touch with us via our online quote form or call us at 651-216-4112. The main draw to pawn shops, of course, is that they offer you a way to sell your silver for cash immediately. Unfortunately, these big chains may only offer in-store credit as payment. As you negotiate, be ready to reject low-ball offers below your desired selling price. The underlying metal in silver plated flatware is often copper-based or nickel-based, combined with other metals. On Sept. 29, 2022, Kitco silver prices closed at $18.84 per ounce, or $0.61 per gram. Platinum: >10 ounces. Since 925 silver contains 92.5% silver, it is worth 92.5% of the silver spot price. Sterling silver jewelry is worth at least the value of the pure silver it contains, plus potentially more if its a rare or collectible piece. Valley Goldmine 45 Gold Buyers Estate Liquidation $$$ Available by appointment Getting several quotes can require more time, but the additional profit can be worth the effort. This is up from a 12-month low of $17.92 in September, according to Forbes. Finding the right option will take patience and the willingness to do your research. You should consider getting at least two separate appraisals to get a ballpark estimate for your silver portfolio. Better Business Bureau, Member Services, 423-266-0396 (member # 40061041) Chattanooga Chamber of Commerce, 423-763-2121. First, make a request for shipping to receive your appraisal kit and mail in your silver. The buyback policies vary by store. Once your item has been thoroughly assessed, you will receive an offer. For example, demand for silver may increase during periods of economic uncertainty, as investors view it as a safe haven asset. The troy ounce originates from medieval times and gets its name from the French market town of Troyes. Enter your name and email to create an account. Similar to coin shops, your local area pawn shop buys and sells silver. Our No. If you dont want to sell your silver to an online buyer, you can always look for a physical buyer near you. This type of flatware is valuable and expensive, especially if you have sterling silver. The best place to sell is going to depend on several different factors: So there isn't one best place. Just as you can sell pure silver in the form of bullion and coins, you can make money when you sell sterling silver jewelry, coins, silverware, tableware and other items. Don't always accept the first offer, and feel free to shop around! This is much easier than taking it to a local buyer and haggling over the price. For instance, if you sell through a community group instead of through Marketplace, you wont pay any fees. Auction houses will sell your silver flatware set when they hold an auction. You can easily sell silver coins online to any virtual dealer. This means that youll likely have to shop around. Storing your flatware properly, especially if its sterling silver, is important for a couple of reasons. Local consignment shops can help you sell silver jewelry and housewares for more than an instant buyback dealer. As of , the silver resale value in the United States was at $ per ounce, or $pergram. Silver Bars by Theme APMEX can help you celebrate a wide variety of occasions with our themed Silver bars. The same stores that buy gold for cash will also typically buy silver for cash. Get a quote for your pieces by making a request online or give them a call to speak directly with an expert. While you can find pawn shops near you easily, this isnt the best option for selling your flatware. A 925 stamp on silver denotes its purity as sterling silver. CashforSilverUSA is our top choice, for a few reasons: Always do your research, understand the value of your item, and exploreonline silver buyers, too. Since 925 silver contains 92.5% silver, it is worth 92.5% of the silver spot price. Craigslist can connect you with local dealers and private collectors. Investors are increasingly turning to safe investments likesilver,gold,platinum, and other fine metals, driving up prices. Thats because they have less local competition compared to online buyers, which means they can get away with paying less. Facebook Marketplace has become a premier venue for selling personal items. Instead, you can get an instant inspection and purchase offer. Your reach with Marketplace can be greater, but you may incur fees. Whether you want to keep your flatware or sell it, preserving the value of your flatware is a good financial move. By using our site, you acknowledge that you have read and How Can I Get the Most Money for My Silver Flatware? You should verify the stores selling guidelines for the qualifying items and purity level. For scrap silver, the coin shop would act as a middleman. CashforSilverUSA is a site that I personally trust, for a few reasons: This post is a review of CashforGoldUSA, the sister site, which elaborates on my personal experience with selling fine jewelry, and more details about this family-owned company. Do your research to find a reputable dealer that you feel comfortable working with. The one you choose will depend on several factors, including how quickly you need money, how fast you want your pieces sold and how much you hope to earn. When the silver arrives, it will undergo a thorough assessment, and you'll receive an official offer. As of April 25, 2023, the silver resale value in the United States was at $ 25.16 per ounce, or $ 0.89 per gram. This option is convenient because you dont have to mail your valuables and wait several days to receive an appraisal or payment. Great Lakes Coins & Collectibles 8 Hobby Shops Gold Buyers $$ 8 places that buy silver near me and online Below is a look at the best places to sell your silver, including our #1 recommendation when it comes to selling your silver, which is the CashforSilverUSA, which pays within 24 hours and has an A+ rating with the BBB. For that reason, its best to use the methods above for cleaning your silver. You shouldn't have to trust a buyer to calculate the value for you. Silver prices are up 10% from a year ago on a silver shortage and high interest rates. 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. We have processed over 100,000 retail purchases totaling more than $1 billion. Depending on how large of a silver stash you have, you may be able to receive a substantial cash windfall. CashforSilverUSA is our No. Good sterling silver jewelry will not turn your skin green. Sterling 925 silver is very real and desirable. Most silver jewelry and flatware is sterling, marked as 925 silver when it contains 92.5% silver, combined with another metal typically copper. If you dont pay back that loan within a certain period of time, then you forfeit the silver that youve put up as collateral, allowing the pawn shop to turn around and sell the silver for a profit. How to Choose a Place Who Buys Silver Near Me. You can take a picture of your silver and list it for sale on a website or marketplace. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Privacy Policy & Terms | While eBay is one of the most popular online marketplaces, these eBay alternatives are worth trying as well. This way, you can receive payment for the value of these precious materials. Its easy enough to search Google for where to sell sterling silver near me, but you probably wont get the most money possible for your sterling silver items with any of those results. Bullion coins come from government mints as .999 fine silver and will usually sell at a premium to the spot price of silver. Sterling silver can be sold for scrap. Ultimately, the best place to sell unwanted sterling silver is where youll get the most money for it.