10 Places To Sell Silver for Cash (2024)

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Sell Silver Online and Near You – Silver coins, bullions, scrap, bars and flatware

Silver is one of the most traded precious metals and commodity in the world.

While not in the same spot as gold, silver has value for jewelry, manufacturing and electronic applications.

10 Places To Sell Silver for Cash (1)

Silver is also participating in the emerging technological economy.

Many are trading their silver holdings for bitcoins as a move to new financial investing.

Silver as resource has been with us for a long time and it’s paving the way for the new.

This metal is being used in the worldwide rollout of the 5G technology.

Some of the 5G components that require silver include; semiconductor chips, cables and mobile devices.

For these and other reasons demand for silver in all forms has increased.

Are you looking to sell your silver? Maybe you just inherited some old silverware and you want to get rid of it for cash.

Perhaps you’re trying to clean out your home and make some money in the process.

Whatever your reason, selling silver can put cash in your pocket.

Before you price your item, find out the silver spot price and estimate its value.

This App can calculate the value of silver per gram for you.

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10 Places to Sell Silver

1. eBay

There are plenty of places to sell silver, but you can’t go wrong with eBay. The online marketplace has a huge audience and is easy to use.

It also has a good reputation for customer service, which means you won’t have any worries when you’re buying or selling on the platform.

And if your idea of selling something is being able to temporarily turn it into cash in hand, then eBay’s payment option is perfect for you: all payments are processed via PayPal, so there’s no need to deal with checks or money orders either.

On eBay you can sell silver online and these are some of the items you may sell:

  • Silver coins like the Hamilton
  • Flatware
  • Silver Dollars
  • Fine Jewelry
  • Bullion Coins
  • Candlesticks

10 Places To Sell Silver for Cash (2)

2. Cash For Silver USA

This is an online precious metal dealer accepting silver and gold for refining.

You can sell your silver to this dealer by completing a form online, receiving an appraisal and mailing your items.

Cash For Silver provides free shipping using Fedex and it also insures your items against loss or damage.

This precious metal dealer pays for silver items based on the refinery value at the time of sale. If you find another dealer paying you more for your item, this company will match the offer.

These are the items accepted by this dealer:

  • Sterling silver jewelry
  • Coins
  • Fine silver
  • Flatware
  • Silverware

3. Local Auction Houses

  • Find a local auction house. This is the place where Estate Sales are generally done.
  • If you’re not sure where to find an auction house, head over to your local library and ask someone who works there. Also, ask a Realtor where the local Estate Sales are auctioned.
  • Auction houses are often used as venues for selling valuable items, Estate Sales, or antiques that are no longer being used.

4. Pawn Shops

  • Pawn shops are a great place to sell your silver. You can get a fair price for it, and you can get cash right away.
  • You should be able to get a good price for your silver jewelry, coins, or bars. You’ll usually get less in a pawn shop than if you sold it on an online marketplace like eBay. But pawn shops give their customers the option of getting cash immediately—no waiting around for buyers.

5. Jewelry Stores

Some jewelry stores will pay you cash for your silver, and many of them also offer pawn services.

If you have an estate sale or want to sell some things online, it’s probably best to deal with a jewelry store—they’ll find buyers in their network who specialize in antique and vintage jewelry.

Jewelry stores can be great places to sell silver coins as well, but if you’re not sure what kind of coin is worth more than others, then try selling them at a coin dealer instead.

10 Places To Sell Silver for Cash (3)

6. Coin Dealers

Coin dealers are good places to sell silver. Coin dealers are found in most cities, towns and villages.

They buy coins of all types, so you can find a coin dealer who specializes in selling old coins or one that deals with modern bullion pieces.

The American Numismatic Association, ANA, maintains a list of authorized dealers thru-out the country. You can use this list to locate a local dealer who can appraise and buy your coins.

7. Precious Metal Recycling Centers – Refineries

These companies buy, recycle and refine materials from precious metals to be used in various applications. Jewelry making to manufacturing are some of the industries using the refined silver materials.

Recycling centers generally accept scrap materials from precious metals like silver, gold and palladium.

The scrap may include industrial silver solder, silver filled and scrap silver flakes.

Precious Metal Reclaiming and Rio Grande accept scrap silver from anywhere in the United States and it pays cash.

10 Places To Sell Silver for Cash (4)

8. Silver Buyers

If you’re looking to sell your silver to a buyer who will pay top dollar, consider a silver buyer.

Who is a Silver Buyer?

These buyers buy and sell precious metals in many forms. If you have old jewelry or coins that are made of gold or silver, it may be worth it to visit with a local or online company that buys these items from the public.

You can find out how much money you can get for your jewelry by visiting these companies websites. They include bullion exchanges and online marketplaces.

9. Antique Dealers

Antique dealers are the most likely to have knowledge of the value of your silver. They buy and sell all kinds of antiques, so they will be able to tell you if your silver has any value.

They’re more likely than other types of dealers to buy silver, because it’s a speciality for them and they’ve done it for years.

If you go through an antique dealer, he will also know what kind of price range is reasonable for different pieces of silver depending on their age, condition and style.

You can locate an antique dealer at the ANA website.

10. Auctions and Estate Sales at Auction Houses like Christie’s and Heritage

  • Auctions and estate sales at auction houses like Christie’s and Heritage Auctions for some items. You can sell unique and valuable silver at these estate sales.
  • Estate Sales Online—If you have an item to sell and want to do it online, use this site to find a buyer.

Final Thoughts

These are some of the places where you can get cash for your silver. Research the price of the metal and the particular items you want to sell before approaching a dealer, pawn shop, eBay or recycling center.

Before you mail any items, make sure these are insured. Most companies buying silver pay for insurance to protect your items while in transit.

10 Places To Sell Silver for Cash (2024)

FAQs

Where can I sell silver to make the most money? ›

Like jewelry and flatware, silver bullion can be sold to a pawn shop, cash-for-gold exchange, jewelry store or online precious metals buyer. Bullion is usually 99.9% silver, so you should be able to sell it for some of the highest available prices.

Who pays the best price for silver? ›

Online bullion dealers typically offer better prices than local pawn shops or coin shops because their operating expenses are generally less significant than a physical storefront. Some of the options for selling your silver bullion online are: Selling on eBay.

What is the best way to cash in silver? ›

You have several options, including local coin shops, online precious metals dealers, online marketplaces, and direct sales to collectors. Rare coins are best sold direct to collectors who may pay a healthy premium. If you need to sell a large quantity of silver coins, then a dealer is ideal.

Is it worth cashing in silver? ›

The value of silver has historically increased over time, so keeping your coins for a longer period may result in a greater return on investment. On the other hand, if you have a short-term need for cash, cashing in your silver coins may be the best option.

What size of silver is easiest to sell? ›

American Silver Eagles have been in consistently high demand over the last three to four years and are considered liquid even compared to other silver coins. One oz silver American Eagles may be the easiest silver product to sell.

Is silver hard to sell? ›

Silver bars are a popular asset because they can be sold fairly quickly and will always retain a reasonable amount of value. Sell your silver bars when the market price for silver raises above the price that you originally paid for it to make money on your investment.

Is silver worth anything at a pawn shop? ›

Pawn shops usually offer less than the actual worth of silver coins. Multiple factors such as silver purity, weight, and the current spot price influence the payout for silver articles. Accurate Precious Metals offers above-market rates for your silver coins without the need to pawn.

Is this a good time to sell silver items? ›

Price of silver is high – If you're interested in selling silver of any kind, now is an excellent time to cash in. The spot price of silver is substantially higher than it was only a few years ago. Fortunately, there is a thriving market for old sterling silver flatware.

What to know when selling silver? ›

Before selling silver, it's crucial to assess its value. Factors such as weight, purity and current market prices play a significant role. Keep track of the silver selling price and consider obtaining a professional appraisal to determine the precise value of your silver bullion.

What silver dollars are worth money? ›

Some of the most valuable silver coins based on year include Morgan silver dollars minted from 1878-1904, Mercury dimes from 1916-1945, and Walking Liberty half dollars minted from 1916-1947. Key dates from those series in pristine condition can be worth thousands.

Do I have to pay taxes when I sell my silver? ›

Physical gold and silver investments are subject to capital gains tax, calculated based on the difference between the price you paid and the price you sold it for. The Internal Revenue Service (IRS) classifies gold and silver as collectibles. Hence, they are taxed at a maximum rate of 28% on long-term capital gains.

Is now a good time to sell silver in 2024? ›

What is the outlook for silver? Metals Focus anticipates another strong year for silver demand in 2024, and is calling for a deficit of 215.3 million ounces, driven in part by continued stagnation in supply alongside another record year for industrial demand.

How much is 1 ounce of sterling silver worth? ›

Assuming the sterling silver is 92.5% silver, one ounce of sterling silver would be worth $19.98 per ounce.

What silver has the best resale value? ›

Some of the most valuable silver coins based on year include Morgan silver dollars minted from 1878-1904, Mercury dimes from 1916-1945, and Walking Liberty half dollars minted from 1916-1947. Key dates from those series in pristine condition can be worth thousands.

How much silver can I sell without reporting? ›

While you must report capital gains, the requirements are different. Silver sales that require reporting are 90 percent silver US coins with a face value over $1000 and silver bars 0.999 fine totaling 1000 troy ounces or more.

Can you make money selling silver? ›

If the price of silver rises, you can make a profit on silver coins and bullion, but that's the only way you'll make money here, since the physical commodity does not produce cash flow, unlike a quality business. You can purchase silver through local dealers and pawn shops or online dealers such as APMEX or JM Bullion.

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