If you’re like many people, you might have a lot of silver sitting around collecting dust. Maybe it’s a family heirloom, a piece of jewelry or a piece of silverware that you don’t use anymore.
You might be wondering, can you sell scrap silver? It’s a question that we get all the time.
1. Sell it to a local buyer
When it comes to selling silver, there are many options to choose from. You can sell to a local buyer, a bullion dealer or an online precious metals company.
If you have scrap silver that you don’t need, it might be worth a quick sale to get some cash. You can also use a local buy and sell app to find a buyer for your items.
However, you’ll need to be careful about these options. You’ll want to make sure you’re getting a fair price for your junk silver. You can do this by reading reviews about the buyer you’re interested in.
2. Sell it to a bullion dealer
One of the best ways to get a fair price for your silver is to sell it to a bullion dealer. Some dealers specialize in precious metals and work closely with their clients to determine a fair price for their inventory.
Online bullion dealers can offer competitive prices for your silver, although they can be a little more risky than a local dealer. They often take a deposit from you to hold the product and then send you a check or electronic funds transfer for the amount of the transaction.
3. Sell it on eBay
If you’re looking to sell your silver coins or bars, eBay is a good place to start. The website is an auction platform, so your items will go to the highest bidder.
Another great way to sell your silver coins is at your local coin shop or pawn shop. These outlets will pay you based on current market prices for the metal.
These stores will also help you sell unwanted jewelry, housewares and other personal goods. However, keep in mind that they usually don’t pay you as much as an instant buyback dealer.
4. Sell it to a pawn shop
If you have a pile of scrap silver that you need to get rid of, you can take it to a pawn shop or coin shop. These stores are often familiar with buying and selling precious metals like gold and silver and can give you a fair price for your items.
These shops will buy anything that has a monetary value to them, including coins, rare coins, collectibles, sterling or flatware, and junk silver. The price of these items will vary based on the current market value of silver.
5. Sell it to a coin shop
If you own a collection of silver coins or bars that are worth resale, you may want to sell them to a coin shop. However, these shops have to make a profit, so they won’t offer you retail prices for your coins.
A good alternative is to sell them to an online bullion dealer, such as JM Bullion. This company regularly updates their buyback prices on their website, so it’s easy to find a price you like. They also offer shipping services, and they pay within one to three business days after your coins are inspected.
6. Sell it to a gold dealer
If you have a lot of scrap silver, you may want to consider selling it to a gold dealer or bullion dealer. These dealers are experienced in buying and selling precious metals and will often work with you directly to get a fair price for your scrap.
A good local dealer will help you determine the value of your silver and be honest with you about their offer. This can help you avoid scams or receiving a low return from unreputable dealers.
There are also a variety of online bullion dealers who specialize in precious metals. These companies are a great option for people who live far from a local gold or silver scrap buyer.
7. Sell it on Craigslist
One of the best ways to get top dollar for buy silver bullion Perth is through a live auction. However, this can be tricky because it’s hard to know the final price at an auction until it’s done.
Craigslist is a great way to find buyers in your area. Postings are free, but you’ll need to make the time for a meetup to complete the transaction.
Another option is to sell your silver to a local coin shop. These shops are more likely to pay for silver coins and bars that have a collectible value. But, be aware that they are typically going to offer less than their true value, so it’s important to accept this and be able to negotiate for a fair range.