10 Best Places To Sell Silver Online (And Near Me)

Silver is one of the best precious metals for storing wealth. It has many uses, including coins, jewelry, dental fillings, silverware, and industrial products.

Since this commodity is highly versatile, businesses and collectors are eager to buy your silver collection for cash. We’ve found the best places to sell your silver and maximize your profits.

Table of contents

1. Top Places To Sell Silver
   1. 1. Cash for Silver USA
   2. 2. Auctions
   3. 3. Coin Shops
   4. 4. Consignment Stores
   5. 5. eBay
   6. 6. Craigslist
   7. 7. Jewelry Stores
   8. 8. Online Bullion Retailer
   9. 9. Pawn Shops
   10. 10. Refinery
2. How Much Is Silver Worth?
3. Tips For Selling Silver
   1. Know the Value of Your Silver
   2. Pursue Multiple Selling Channels
   3. Negotiate
   4. Be Willing to Walk Away
4. Summary

Top Places To Sell Silver

Company	Best For
Cash For Silver USA	Selling silver quickly online
Coin Shops	Selling silver locally
Auctions	Selling high-value silver

There are several ways you can sell your silver when you need cash. The best option depends on the type of silver you want to sell.

1. Cash for Silver USA

Cash for Silver USA makes it easy to sell precious metals and diamonds online. You get free shipping, insurance and can receive payment within 24 hours of accepting the official appraisal.

How much you earn depends on the weight and purity of your items. In addition, the product can be in working or non-working condition since this factor doesn’t impact the appraisal value.

The service offers a price match guarantee, and they may increase their offer if a competitor provides a higher price with a similar assessment. If not, the company returns your items free of charge.

You can sell these silver items:

• Fine silver jewelry (.999 purity)
• Sterling silver jewelry (.925 purity)
• Silverware and flatware
• Dental scrap (i.e., crowns, bridges, etc.)

Since the silver you sell here will most likely be melted and made into a new product, you may not receive top dollar for items with collectible value.

Despite the extra effort, consider selling your high-value items another way so you can make more money.

Additionally, this company can also be an excellent option for selling gold.

You may consider this platform if you don’t have local places to sell silver or you prefer the convenience of using an online vendor for an instant price quote.

Cash For Silver USA

• Price "Beat" Guarantee
• A+ Better Business Bureau Rating
• Free insured shipping up to $5,000

Visit Cash For Silver USA Our Review

2. Auctions

Live auctions can be your best option for selling high-value silver.

Consider a silver auction for these items:

• Antique silver
• Bullion coins
• Dinnerware
• Fine jewelry

An auction can help you earn a higher price for collectible items instead of getting an instant buyback quote from a silver dealer.

While it’s possible to fetch a higher price for rare and high-demand items, an auction doesn’t guarantee you will earn more money. Furthermore, the auction house can charge listing fees and a final sales commission.

If you aren’t sure which auction house to use, Sotheby’s is one of the best platforms for selling silver valuables, as it has an international presence. With Sotheby’s, a specialist can provide an estimate and recommend the best method for selling your collections.

3. Coin Shops

Local coin shops are the best places to sell silver coins and bars because these items have collectible value. This option is convenient because you don’t have to mail your valuables and wait several days for an appraisal or payment.

Instead, you can get an instant inspection and purchase offer. You also won’t have to pay any shipping and insurance costs.

Coin shops will likely buy these items:

• Bullion: Coins that are also legal tender
• Rounds: Coins made of silver, but are not legal tender
• Bars: Silver bars of various weights

Other vendors may only offer to buy your precious metals investments at scrap value so that you won’t make as much money. The buyback process varies by shop. It’s also worth getting several quotes as the offers and selling minimums vary.

4. Consignment Stores

Local consignment shops can help you sell silver jewelry and housewares for more than an instant buyback dealer. These stores can also help you sell unwanted clothing, sports equipment, and other personal goods.

Most stores only pay you when an item sells. Keep in mind that the store might reduce the selling price after a specific number of days. In turn, this will reduce your profit potential. There will also be a commission fee for each successful sale.

You should verify the store’s selling guidelines for the qualifying items and purity level. In most cases, your possessions must be in working order.

Some of the items you can sell here include:

• Fine silver
• Sterling silver
• Necklaces
• Earrings
• Rings
• Watches
• Dinnerware
• Home decorations

Since you’re 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.

5. eBay

Consider eBay for selling silver with an online auction or fixed-price listing.

Some of the best-selling products include:

• Bullion and coins
• Jewelry
• Silverware

You may be able to earn more than online dealers offer. However, you have to wait for a buyer to agree to your asking price. Also, eBay’s seller fees are between 12% and 15% of the final sales price.

You may also have to pay shipping fees if you offer free shipping to the buyer. The shipping fees for bulky items and insuring your package can be high.

It’s also possible to offer local pickup for nearby orders. While eBay is one of the most popular online marketplaces, these eBay alternatives are worth trying as well.

6. Craigslist

Craigslist can connect you with local dealers and private collectors. Listing your items is free, and you can schedule a meeting to make a sale.

You may find postings for people looking to buy your silver. Another option is listing the items you have for sale. Make sure you provide a detailed description of your collection and include photos to attract more buyers.

Also, consider using Craigslist alternatives to reach more prospective buyers. Other platforms may have more activity for your local community.

You won’t pay selling fees, but you must set aside time for a local meetup. As a result, you can make more money, and the buyer still pays a fair price.

One potential risk of selling on local buy-and-sell apps is the lack of seller protection. In addition, you might be transacting with a stranger, so it can be hard to verify their reputation.

7. Jewelry Stores

A jewelry store might be willing to buy fine silver and sterling silver jewelry in good condition with a high resale value. Consider this option if your jewelry also contains gold and gems. You can receive payment for the value of these precious materials.

Some places may only compensate you for the silver value. The buyback policies vary by store. Locally owned jewelers may buy your collection in cash after an in-store jewelry appraisal.

National retailers such as Jared and Zales have you mail your items to a fulfillment center for an appraisal. Unfortunately, these big chains may only offer in-store credit as payment.

You can also try selling to online jewelry stores. These platforms can offer competitive appraisals.

8. Online Bullion Retailer

Another option to consider when selling silver coins and bars is online bullion dealers.

Online bullion sites will buy these silver types:

• Fine silver coins and bars (.999 purity)
• Junk silver (.900 purity or less)
• Silver rounds
• Licensed products
• Jewelry

Silver bullion and bars from reputable producers can sell for the most money. Round coins that private mints publish as non-legal tender can sell for above the current spot price, but at a lower bid price.

Most dealer websites list the current purchase price if you sell to them. You can also call a toll-free number if their website doesn’t include a product you want to sell.

You may consider getting quotes from online dealers selling silver dollars. Then, your collection can replenish its inventory as others buy silver.

9. Pawn Shops

Pawn shops are more likely to buy jewelry and other silver products with a collectible value that does not meet the selling guidelines of jewelry stores and consignment shops. You may also be able to sell silver currency at pawn shops.

Since pawn shops can offer lower payouts than other local dealers, you may consider other outlets first. Then, take your unsold items to a nearby broker to make $500 fast and avoid the hassle of mailing your items to an online broker.

10. Refinery

You might be able to sell your scrap silver directly to a refinery that melts the metal to create new products.

Your items may be unsellable for these reasons:

• Broken
• Damaged
• Tarnished
• Incomplete set

However, many refineries may require a large quantity to make a sale.

Instead, you might consider using a middleman like Cash for Gold USA, which collects small quantities and offers competitive payments.

Your silver scrap can include:

• Jewelry
• Medical scrap
• Serving sets
• Silverware

As you will earn the least money from this option and the minimum selling quantities can be high, the other options can make it easier to make a sale.

How Much Is Silver Worth?

Silver’s value changes daily. However, the chart below shows its historical price over the past 20 years.

Tips For Selling Silver

Depending on how large a silver stash you have, you may be able to receive a substantial cash windfall. Here are some suggestions to help sell your silver for the most money.

Know the Value of Your Silver

You should know the fair value of your silver before you get an appraisal from a potential buyer.

The selling price depends on several factors:

• Weight of the silver
• Purity level
• The value of other precious metals and gems in the piece
• Current market demand for the producer
• The fair market value of similar items

Some buyers may only be willing to pay you for the price of the silver, even if the piece contains gold and gems, is made by a famous company, or has a high collectible value. You should consider obtaining at least two separate appraisals to get a more accurate estimate for your silver portfolio.

Pursue Multiple Selling Channels

Different dealers and private collectors may assign varying values to your collection. For example, you might earn more for antique silver at an auction than at a pawn shop.

Additionally, coin shops may offer better rates for bullion than other outlets that specialize in selling jewelry. Getting several quotes can require more time, but the additional profit can be worthwhile.

Negotiate

You and the buyer will need to agree on a fair price. In most cases, the buyer is a silver dealer who wants to purchase your items at the lowest possible price to maximize their potential profit.

You won’t be able to sell for the highest retail price on many sales channels unless you’re willing to wait for a willing buyer. To make a quick sale, you must come off the current retail price, allowing you and the dealer to make a profit.

Be Willing to Walk Away

As you negotiate, be ready to reject low-ball offers below your desired selling price. Silver can be an excellent long-term investment, and you will likely find a buyer willing to pay a higher price.

Summary

There are several options for selling your silver locally and online for cash. Selling to a specialty store or private collector can help you earn the most money. Whether you’re selling jewelry, a jar of coins, antiques, or scraps containing silver, get several quotes to earn top dollar.

Recommended Reading

• 10 Best Places to Buy Gold Coins Online
• 9 Places to Sell Silver Flatware For Cash
• Vaulted Review: Is It a Legit Way To Invest In Gold
• 12 Top Places to Sell Coins Online
• 15 Best Places to Sell Jewelry Online (And Locally)

5 shares