If you have silver you want to get rid of, it can be tough to know where to take it. It seems like every other store has a "We buy silver and gold!" sign out front, but how do you know where to sell silver to get the best deals?
Here are some tips on how to sell silver and make a nice profit.
Research How to Sell Silver
The most crucial starting point when selling silver for cash is to figure out what you have. Do you know how to sell silver coins or silver jewelry? Or, are you completely new at all of this?
This is probably the most critical part of selling silver: know what you have! This requires a lot of research up-front, but in the long run, you'll undoubtedly be happy with the results. For almost everything, condition plays a part in its value, but there are several other factors you have to consider as well.
If you have silver coins, then it's essential to find their numismatic value, if they have any. Some silver coins aren't worth much more than the metal in them, but rarer types and dates can fetch excellent premiums!
With other types of silver, you should find out whether you're dealing with sterling silver or with pure silver. Many pieces are sterling, which is still quite valuable and often less fragile than pure silver. You can research stamps, marks, and designs for whatever pieces you have to see what kind of things you own.
If you see that your item says silver plated, it's typically worthless, although some places might buy it. It doesn't hurt to ask if they will.
It's also a good idea to look at auction websites and stores that deal with silver and antiques. You can get a general idea of how much certain pieces sell for, so you have a good baseline when you are ready to sell your collection. The prices will fluctuate with the silver selling price, of course, but a ballpark idea can still be quite helpful.
Find a Trustworthy Buyer
You want to find someone whom you know will give you an honest and fair deal for your silver. With something as valuable as silver, you need to be careful of shady deals.
At American Gold & Diamond Buyers NJ, we've been buying silver items from our clients for over 40 years. We provide a free and honest evaluation, of which there is never any pressure to sell.
If you have any silver, give us a call at (973)-428-1900.
A reputable silver buyer will typically have several key factors in their favor:
A physical building or store where you can meet with the buyer
Good reputation online (and the reviews don't look like they're all copy/pasted from the same source)
Deals with items like what you're selling
Well educated and skilled
If you find someone with these traits at their store, visit them and see what they're willing to give for your silver! They might even be able to provide you with some advice, such as how to sell silver bars or how to get your silver antiques evaluated if you do intend to shop around.
Get Started Today!
While this is a bit of an intro to how to sell silver, you will need to put in some time doing research and coming up with a strategy for how you want to sell your items. While it can be challenging, it'll be worth it!
And if you need more help or questions answered, we'd be happy to help! Feel free to contact us with your questions, and we'll do our best to take care of them. Our goal is to make sure you get the best deal possible for your silver!