1 recommendation for most silver sales. We review these tests in our silver authenticity test guide. This will be your best offer for silver coins or bars. Online buyers are willing to pay more for silver because they can sell it for a higher price. For example you could trade silver eagles for junk silver coins. Most dealers offer prepaid shipping with USPS, FedEx or UPS. Don't always accept the first offer, and feel free to shop around! Sterling silver generally will fetch the best price at auction houses compared to other types of flatware. One of the easiest ways to figure out silver flatware value is to use an online calculator to determine silver prices. These are typically the best selling options. This site may or may not be the best place to sell your silver flatware depending on how you choose to advertise your items. 16. This will force the potential buyer to give you their best offer. But to really know for sure, you need to do a few tests. We make it easy to sell your Gold, Silver and other Precious Metals, from locking in your price to getting paid. As a bonus, there are often no fees at all. Silver is nearly always in demand, and you should be able to find someone either online or in your community to buy it. Cash for Silver USA 2. The selling price depends on several factors: Some buyers may only be willing to pay you for the price of the silver even if the piece contains gold, gems, is made by a famous company or has a high collectible value. It takes anywhere from 24 to 48 hours to receive payment. One potential risk of selling on local buy and sell apps is the lack of seller protection. Instead, you can get an instant inspection and purchase offer. Overall, selling online is the best way to get the most money for scrap silver. In order to get the best deal, you need to know a few negotiating tactics. Your email address will not be published. If you don't live near a coin shop then this could be an option for you. Keep in mind that there is insurance on your piece if there is damage or loss through the mail. Sterling 925 silver is in fact one of the highest-quality silvers you can find. Sterling silver jewelry, coins, flatware or other items will be stamped with 925 (or, occasionally, 950). For that reason, youll want to be patient, do your research diligently and be willing to wait for the right buyer to come along. Jewelry Stores 8. Not silver experts and may not appraise it correctly. This is much easier than taking it to a local buyer and haggling over the price. Thats because local sterling silver exchanges dont have as much competition and arent incentivized to pay you what your sterling silver necklace, earrings, and other jewelry or flatware are worth. Required fields are marked *. 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. By definition, sterling silver contains 92.5% pure silver (by weight) and 7.5% other metals (by weight). The troy ounce originates from medieval times and gets its name from the French market town of Troyes. Cash for Silver USA could be the right choice if you want to sell silver for cash. 8 places to sell silver, online and near me in 2023 Another option is listing the items you have for sale. You may also be able to sell silver currency at pawn shops. Plenty of places to sit and to takes photos, not very big but nice if you have kids or for a picnic. The first tactic is to let the potential buyer make the first offer. The procedure is straightforward because most buyers have an easy process to complete. Becoming familiar with the 'key dates' for your silver nickels, silver dollars, silver dimes. Finding the right place to sell silver in today's market is simple when you choose from one of the following companies. Whether you want to keep your flatware or sell it, preserving the value of your flatware is a good financial move. If you have an old sterling silver Pandora bracelet or charms that you no longer want, you can sell them in the same ways that you might sell any other silver. Get your silver appraised so you have an idea of its value. You may find postings for people looking to buy your silver. Better Business Bureau, Member Services, 423-266-0396 (member # 40061041) Chattanooga Chamber of Commerce, 423-763-2121. Some of the best-selling products include: However, you will need to wait for a buyer to agree to your asking price. 13. 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. Metals buyer online or nearby, which will likely buy your sterling silver tea set for its scrap silver value. This calculator can be used for silver flatware, spoons etc. Here is a brief look at how the selling process works: The buyback prices vary by retailer, and you may need to have a minimum sales value to make a sale. Fees with eBay vary based on what you are selling. Ebay has a good market for silver and you can sell for high prices. 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. If you have flatware youd like to sell, you can contact this silver matching service directly to inquire about selling your items. You may also have to pay shipping fees if you offer free shipping to the buyer. Sell Sterling Silverware and Tea Services, We Buy Sterling Silver, BBB 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. Visit them online to get an estimate by giving a description, providing pictures of the item(s), and then submitting it to the specialists. Storing your flatware properly, especially if its sterling silver, is important for a couple of reasons. Once your item has been thoroughly assessed, you will receive an offer. You would need to do research and find one that would accept your silver items. Yes! Do your research and find the consignment store that best fits your needs and charges the lowest fees. Banking | Business | Insurance | Taxes, About | Team | Contact|Press |Policies, Dental scrap (i.e., crowns, bridges, etc. Manufacturers use sterling silver flatware because of its hardiness. See below for the historical price of silver over the past 20 years. Receive payment within 24 hours of accepting the official appraisal. If you dont want to sell your silver to an online buyer, you can always look for a physical buyer near you. While its possible to fetch a higher price for rare and high-demand items, an auction doesnt guarantee you will earn more money. If you want to maximize your potential profits for your silver flatware, follow these tips. We pride ourselves on our integrity, trust and honesty. All you have to do is contact them within 10 business days of receiving the check. Silver Exchange Near Me - Crown Gold Exchange To find out what you can expect to receive for your product, you can request a quote online at any time. If you know the correct value of your silver then you won't get ripped off. Finally, selling online is safe and secure. 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. Whether you have sterling silver, silver plate or another type of flatware, you simply send it in using CashforSilverUSA's free shipping label. However, you might earn less than youd receive from an instant buyback vendor if your collection generates minimal interest. Keep in mind that you will pay a fee to sell your flatware at an auction house. National retailers such as Jared and Zales have you mail your items to a fulfillment center for an appraisal. Because of the mechanics behind how this works, most pawn shops will offer lower prices for your silver than you will find through an online buyer. 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. The price of silver can also vary depending on the purity of the metal. There are many potential buyers of silver flatware, including local coin, jewelry and silver/coin buyers, as well as pawnshops. Hammam l'Alhambra. Another good tactic is to be willing to walk away. The expedited shipping times also means you get paid faster.