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Potential buyers will have the option to buy or make an offer. Similar to coin shops, your local area pawn shop buys and sells silver. The best place to sell is going to depend on several different factors: So there isn't one best place. Where to Buy Gold & Silver Bullion Near You (Local Directory) Palladium: >20 ounces. Points of Interest & Landmarks. This silverware doesnt have much in the way of silver value because it is silver plated. Auctions 3. It's easy - check out the companies below to get started. Not all jewelers buy silver and you may need to spend time calling different places. If your flatware doesnt have any sentimental value, you may want to consider selling it. If youre thinking about selling your silver, its important to find a reputable buyer like CashforSilverUSA that you trust wont rip you off. Since your sterling silver items can still be worth quite a bit of money, and are certainly worth selling. If you dont want to sell your silver to an online buyer, you can always look for a physical buyer near you. This way, you can receive payment for the value of these precious materials. The harsh chemicals in most silver polishes can cause damage to your flatware. The same stores that buy gold for cash will also typically buy silver for cash. While eBay is one of the most popular online marketplaces, these eBay alternatives are worth trying as well. We buy bullion, numismatics, rare coins and currency, as long as we can authenticate it. You can also call a toll-free number if their website doesnt include a product you want to sell. Its free to list your items, and you can schedule a meeting to make a sale. 83616-9120. Money Metals Exchange was named Best in the USA because of our high-quality educational content, great pricing, and white-glove customer service. It takes 24 to 48 hours for compensation to arrive. Online silver buyers are also very interested in buying sterling silverware. The first tactic is to let the potential buyer make the first offer. While silver flatware made from coin silver isnt as valuable as sterling silver flatware, these pieces are still quite valuable. When you sell your silver to a pawn shop, what youre really doing is getting a loan and putting your silver up as collateral. This is an example based on current pricing to ship 5 oz of Gold from New York City to Oklahoma City. Instead, you might use a middleman like Cash for Gold USA that collects small quantities but offers competitive payments. Their process is simplified into a handful of easy steps that make it easy to sell your jewelry online. You shouldn't have to trust a buyer to calculate the value for you. In addition, the product can be in working or non-working condition since this factor doesnt impact the appraisal value. Read more. Yes! Sterling silver is worth 92.5% of the current silver value. For older silver coins they could make you a decent offer but it would all depend on the retailer and the specific coin. Check out these posts about more places you can sell silver: Ultimately, the best place for you to sell your silver will depend on exactly what it is: Damaged or unused silver jewelry, flatware, or bullion, or other items should be sold to whoever will give you the most money for it. Also, consider using Craigslist alternatives to reach more prospective buyers. They'll contact you right away and send your payment. Its sister company,CashForGold USA, purchases gold jewelry and other items. With eBay, you can compare what other types of flatware, ster are being sold. When you're selling to a place who buys silver near me, it's important to find a reputable buyer that you feel comfortable working with. If we fail to process your payment by the end of the next business day, we will send you a $10 voucher to use on a future APMEX.com purchase. The payment is not immediate. Directory of Local Gold and Silver Bullion Shops As you will earn the least amount of money from this option and the minimum selling quantities can be high, the other options can be easier to make a sale. Since pawn shops can offer lower payouts than other local dealers, you may consider other outlets first. You can usually find a stamp on the back of your flatware pieces that will indicate the amount of pure silver in the piece. Most likely, we can buy your product if it's gold, silver, or platinum. How to Choose a Place Who Buys Silver Near Me. When you visit one of our stores, you'll be greeted by our professional staff. Selling your silver to CashforSilver works like this: If the amount is less than you expected, they will happily return the items to you and cancel payment free of charge. Since sterling silver contains 92.5% silver, it is worth 92.5% of the silver spot price. Its easy to get started, and it only takes a few minutes to fill out an application and ship in your silver. If you want to sell sterling silver, you should first verify that its authentic not just silver plated. For example you could trade silver eagles for junk silver coins. Thats understandable, but its important to understand that in-person buyers like pawn shops will often pay less than online buyers. Valley Goldmine 45 Gold Buyers Estate Liquidation $$$ Available by appointment or silver nickels is a good way to ensure you don't end up selling a $1,000 silver dollar for its weight in scrap silver! In order to get the best deal, you need to know a few negotiating tactics. Once JM Bullion receives your silver, they'll give it the final approval and list it for sale. Sell Sterling Silverware and Tea Services, We Buy Sterling Silver, BBB So, you can also search for gold and silver buyers near me.. You can find a local buyer through Craigslist or another similar website. The price of silver can also be affected by factors such as supply and demand, geopolitical events, and economic conditions. All you have to do is contact them within 10 business days of receiving the check. Online buyers are willing to pay more for silver because they can sell it for a higher price. That said, it wont bring the price that youd get for authentic sterling flatware. A former Associated Press reporter and MSN Money columnist, Emma has appeared on CNBC, New York Times, Wall Street Journal, NPR, TIME, The Doctors, Elle, O, The Oprah Magazine. Choose between private sales, auctions, or immediate purchases for your item. This does not mean that the price shown will be what you actually get for your silver piece. The procedure is straightforward because most buyers have an easy process to complete. Specialties: BUYING/SELLING: Gold, Silver, Jewelry, Coins, Estate Items, Ephemera, Postcards, Books, Watches, Vintage Toys, Military Items, Comic Books, Sports . See property values. Silver bars and other precious metals sold to Kitco are recognized in bullion markets around the world. eBay is another option for selling your flatware. National retailers such as Jared and Zales have you mail your items to a fulfillment center for an appraisal. This will force the potential buyer to give you their best offer. Just open up Google, and search for "Coin shops near me.". 8 places that buy silver near me and online Below is a look at the best places to sell your silver, including our #1 recommendation when it comes to selling your silver, which is the CashforSilverUSA, which pays within 24 hours and has an A+ rating with the BBB. Some of the best-selling products include: However, you will need to wait for a buyer to agree to your asking price. If not, the company returns your items free of charge. These can include: Usually when people opt to sell silver in person to a buyer near them, instead of to an online buyer, its because theyre uncomfortable with the idea of sending their silver through the mail. Once you are ready to ship, UPS will pick up your order and send it to the facility with expedited shipping. This will be your best offer for silver coins or bars. Gold and silver buyers, jewelers, and pawn shops buy precious metals of all kinds. Patience is likely the most important strategy when it comes to finding the best places to sell flatware. If you are ok with the offer, you send in your flatware. If you choose to accept the offer, you will be paid immediately. You can easily sell silver coins online to any virtual dealer. 1 recommended silver buyer is CashforSilverUSA, thanks to its A+ BBB rating, payment within 24 hours, 100% free trackable shipping, and free Jewelers' Mutual insurance up to $100,000, and best price guarantee. Sterling silver flatware is worth its weight in silver times the spot price of silver. When you sell your product using APMEX logistics, you get the advantage of our exclusive relationship with UPS, which includes our discounted shipping rates. Fine silver, which is 99.9% pure silver, is very soft and therefore is not used when making silver flatware. When buying or selling silver, it is vital to know the difference between the two measurements. If your flatware is already tarnish-free and you use it during a meal, it is important to clean it as soon as possible after your meal. Sterling silver is an alloy of 92.5% silver and 7.5% metal alloy typically copper. You can have the funds deposited to PayPal or get a check in the mail; the choice is yours. 20% is not an uncommon selling fee if you choose to use an auction house. The underlying metal in silver plated flatware is often copper-based or nickel-based, combined with other metals. agree to our, British Gold Britannia (Queen Elizabeth II), FREE Subscription to Our Precious Metals Newsletter. realtor.com | Homes for Sale, Apartments & Houses for Rent Since this commodity is extremely versatile, businesses and collectors are eager to buy your silver collection with cash. Like with other items bought by pawnbrokers, expect to receive 25 to 50% of the retail value of your silver at a pawnshop. If you want to maximize your potential profits for your silver flatware, follow these tips. As with pawn shops, you might be offered a lower price for your flatware than what youd be offered at a place such as CashforSilverUSA. Platinum: >10 ounces. Being in business more than 15 years, we value the relationship with our clients. Please note exact pricing may vary. However, you might be able to find some antique silver that has value simply because of its age. Finally, selling online is safe and secure. If you don't live near a coin shop then this could be an option for you. Pro tip: Any location that buys silver, will nearly almost always also buy gold. Whether you sell your sterling silver online or locally, first understand the quality and weight of your item, as well as any special brand, design or history, and research the reputation of any potential silver buyer. Weve found the best places to sell your silver and maximize your profits. In alphabetical order, here are some of the most popular places people use to sell flatware. Storing your flatware properly, especially if its sterling silver, is important for a couple of reasons. Sterling silver jewelry is worth at least the value of the pure silver it contains, plus potentially more if its a rare or collectible piece. 1 oz Gold bar Junk silver Silver Maple Leaf Fees with eBay vary based on what you are selling. Remember that there are plenty of buyers out there so if a deal isn't right, then it's perfectly fine to just walk away. Top 10 Best Sell Silver in Minneapolis, MN - April 2023 - Yelp Offers are usually low because they need room for a profit. We review these tests in our silver authenticity test guide. Receive payment within 24 hours of accepting the official appraisal. We have the scoop on where to sell your flatware, ways to determine if its valuable and tips on how to get the best price. By bryanmg141. You may be able to earn more than online dealers offer. When selling your valuable assets, trust is one of the most important factors to consider. For instance, if you sell through a community group instead of through Marketplace, you wont pay any fees. Coins were melted and made into family silver flatware and other serving pieces. Hotel silver is silverware that was made specifically for hotels. Arizona Gold Exchange 23 Pawn Shops $$ Locally owned & operated Established in 1989 "This is a top-notch place to sell your gold or silver. Go see Moon he will treat you with respect." more 2. Better Business Bureau, Member Services, 423-266-0396 (member # 40061041) Chattanooga Chamber of Commerce, 423-763-2121. Winner of Parents magazines Best of the Web and a New York Observer Most Eligible New Yorker," her #1 bestseller, The Kickass Single Mom (Penguin), was a New York Post Must Read. Pawn Shops 10. by Ryan Hart | Updated on April 6, 2023 | Post may contain affiliate links. Since your sterling silver items can still be worth quite a bit of money, and are certainly worth selling. We offer fair, market-driven prices that are locked in when your order is placed over the phone. Whether you want to keep your flatware or sell it, preserving the value of your flatware is a good financial move. Auction houses will sell your silver flatware set when they hold an auction. As of April 25, 2023, the silver resale value in the United States was at $ 25.16 per ounce, or $ 0.89 per gram. Compare the two prices to determine whether you should sell your piece as a collector's item to an auction house, dealer, or pawn shop or to a reputable silver buyer like CashforSilverUSA. There are 28.35 grams in one imperial ounce of silver, but there are 31.1 grams in a troy ounce, which is explicitly used for weighing precious metals. Many people own silver flatware, whether its a single piece or a whole set, but they never use it. If you arent sure which auction house to use, Sothebys is one of the best auction platforms for selling silver valuables as they have an international presence. We make it easy to sell your Gold, Silver and other Precious Metals, from locking in your price to getting paid. As of April 24, 2023, the silver resale value in the United States was at $ 25.16 per ounce, or $ 0.89 per gram. Schedule an appointment online or with an industry specialist near you. The buyback process varies by shop. No need to go through the trouble of locating a local buyer. Cash for Silver USA could be the right choice if you want to sell silver for cash. There are a few things you can do to vet a potential buyer: Check online reviews: A quick Google search will reveal any red flags about a company. Wealthier families had this done because paper money was unstable at the time and coins were frequently stolen. Partial List Of Sterling Silver Pieces We Buy.