Silver, much like gold, has long been valued as a precious metal and is used in a multitude of items like jewelry, coins and bullion, tableware (or silverware), solar panels, and in electrical contacts and conductors.
Total silver demand reached a record high of 1.24 billion ounces in 2022.
So demand is still high!
And if you are trying to cash for your silver, whether it’s jewelry silver, coin or any other form, knowing the best place to sell silver online or near you can help you get the most money for your silver.
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Is it Worth it to Sell Silver?
Selling silver is worth it as all silver is worth at least some money. The silver that has the most value would be any silver that’s stamped with the markings:
- 950 (95% silver)
- 925 (92.5% silver)
- 900 (90% silver)
- 800 (80% silver)
- Sterling (92.5% silver)
- Coin (90% silver)
Silver plated items are not pure silver, which means they aren’t worth as much. They only have a thin coating of silver on their outer layer. Items that are silver plated are commonly marked with the stamp “Plate.”
Where to Sell Silver Near Me
You can find plenty of buyers for your silver locally. These are your best bets if you want to know where to sell silver near you.
1. Local jewelers
Local jewelers are an ideal place to try if you have some silver jewelry to sell. Do an internet search for “Jewelry stores near me.” This will give you any nearby jewelry stores. Get in touch with a few of them to ask if they purchase silver jewelry.
Some stores just sell jewelry and don’t purchase it, so giving stores a call before you visit can prevent you from wasting your time.
It’s a good idea to take your jewelry to a few different jewelers to compare prices, as this can get you the best deal.
Get cash for silver fast at your local pawnshop. You can do a quick internet search for “pawnshops near me” to find local places.
Pawnshops don’t offer the best prices for items, meaning you’re not likely to get the highest amount for your silver. However, for getting money quickly, pawnshops are an ideal option.
3. Consignment stores
Take your silver to your local consignment store to get money for it. Consignment stores are a particularly good choice for selling silver items like jewelry or tableware.
At the store, an employee will evaluate your silver and then quote you a price. They will display your silver items for sale in-store if you accept the quoted price.
The downside to consignment stores is that they take a commission fee. This is usually between 20% and 40% of the amount your silver items sell for. Some stores will also charge you a fee if your item doesn’t sell.
Since each consignment store sets its own rules and policies on the selling process and what commission it takes, it’s a good idea to call the store to ask before you visit. You can also ask if the store purchases silver items.
4. Coin shops
For selling silver currency and bars, local coin shops are a great choice. Take your silver into a coin shop near you where an employee will inspect your items and give you an offer if they want to purchase them.
Call local stores to see if they purchase silver and get prices from multiple stores to get the best value for your silver. Coin shops will likely purchase items such as bullion, rounds, and bars.
5. Local auction houses
Local auction houses are an effective place to offload silver items that are particularly valuable, like silver antiques for example. Auction houses sell your items at auction and take a percentage of the profits.
While they do take a cut of the profits, auction houses can often get you great prices for your silver. This is because auction houses want to get the most money for your antiques to increase their profits too.
Auction houses are experienced at getting your items out there in front of lots of potential buyers. Also, there’s the competitive element of people competing with others when bidding on items in auctions that can really drive up the price your silver sells for. This can mean bigger profits for you.
Since Craigslist doesn’t charge any listing fees or commissions, you get to keep all of the profits from your sale. This makes it a great platform for selling silver. Sell silver items to people locally and get cash on the spot.
OfferUp is a great platform for local sales. Take some photos of your silver items, set your price, write a description, and start selling. OfferUp doesn’t charge fees if you sell locally.
There is the option to ship items for a fee of $1.99 or 12.9% of the sale price.
Where to Sell Silver Online
Selling silver online is an excellent option. There are lots of places that purchase silver online and you can often get cash fast.
These companies are great options for selling online.
You can sell silver with Cash For Silver USA. Enter your shipping details to receive your free appraisal kit. Within 24 hours of receipt, the company’s certified experts will appraise your valuables and then send you an offer for your silver.
Payment options include direct deposit, PayPal, virtual credit card, print-at-home check, or check via USPS or FedEx.
With eBay, you can sell silver items, such as silver flatware and silver jewelry. Since eBay is such a popular platform, it’s a good site for getting your silver in front of lots of potential buyers.
You can list up to 250 items a month for free on eBay. When you sell your silver on there, you’ll need to pay a fee, which is 13.25% of the sale price for most categories.
SellYourGold.com will purchase silver and gold. You can sell a variety of silver items on there, like:
- Silver coins
- Silver earrings
- Silver necklaces
- Silver bracelets
- Silver bars
- Silver bullion
SellYourGold.com provides free and insured FedEx pickup from your home. This saves you the hassle of paying to ship anything. SellYourGold.com also has a price match guarantee, meaning that if you find a better price from an online competitor, the site will match it.
You’ll get an offer for your silver the same day that the company receives your items. Payment is issued within 24 hours by the payment method selected on your customer return card. There are three payment options offered by SellYourGold.com, which are direct deposit, PayPal, and company check.
Liberty Gold and Silver has been around since 2012, making it an established place to sell silver.
The site provides a 110% price match guarantee. When selling to Liberty Gold and Silver, you place your silver into a padded, prepaid, and insured UPS return envelope that the company sends you and then drop it off at any authorized shipping center. This return envelope is insured for up to $1,000.
Once Liberty Gold and Silver receives your gold, it will email you or call you immediately with a quote. The company will mail you a check within 24 hours, or if you pay a small wiring fee, it will wire the money directly into your bank account if you accept the quote.
GoldSilver.com purchases silver bullion. Payment from the bullion sale is sent by check or bank wire transfer within 3 business days of your shipment’s arrival and verification.
13. US Gold Buyers
US Gold Buyers purchases many different types of silver. The company will buy coins, bullion, jewelry, and anything made with silver. You can even sell broken silver to the company, such as broken jewelry, coins, damaged sterling flatware or holloware.
It’s free to ship your items to US Gold Buyers using the free express label from the company.
When you sell your silver to US Gold Buyers, the company will pay you within 24 hours. Once the company receives your silver, it will evaluate it on the same day. Payment is determined based on the evaluation of the weight and purity of the metal.
You’ll get a call from the company once it has evaluated your silver. Then you can decide whether you want to sell your silver or have it sent back to you.
Payment options include PayPal, Western Union, Money Gram, Bank Transfer, and check.
Sell silver jewelry, silver coins, and silver flatware to Express Gold Cash.
You can request a free appraisal kit from the company. You’ll get an appraisal kit and overnight return shipping envelope delivered right to your door. You can also print your appraisal kit at home.
It’s free to send your items to Express Gold Cash. Pack your valuables and then drop them at a FedEx location or schedule a free FedEx pickup.
The company will evaluate your items and give you an offer based on weight, material, and the daily gold price. You can receive your secure payment in 24 hours or less if you accept the offer from Express Gold Cash.
The company will return your items free of charge if you’re not satisfied with the offer.
Express Gold Cash also provides a price match guarantee. It will match any offer from its online competitors.
Luriya allows you to sell silver online. Just fill out the form online and you’ll get an email in your inbox shortly after with a prepaid FedEx label. You can ship your silver in a padded envelope and get insurance on your item.
Once Luriya receives your silver it will give you an offer for your item. You’ll get paid if you accept the offer and if you don’t like the offer then the company will send your silver back at no cost to you. You can also call the company at 212-256-0025 and one of its representatives will fill out the form for you.
Poshmark is a website where you can sell clothing and accessories. You can actually sell silver jewelry on the platform. Listing on Poshmark is free. However, once you sell your item, Poshmark does charge you a commission fee.
For sales under $15, Poshmark takes a flat commission rate of $2.95 and for sales that are worth $15 or more the site takes a 20% commission fee.
Etsy is known as a place for selling handmade items and crafts. It’s also a good place for selling silver. Etsy is good if you want to sell silver jewelry, flatware, décor items, vintage items, and antiques. You have to pay a listing fee of $0.20 per item though and you’re also charged a 6.5% fee when your silver sells.
For selling silver, particularly silver coins or bars, Money Metals Exchange is an ideal option. Once the company has your silver, it will pay you immediately.
You can sell silver coins or silver bars to Kitco. The company has been a bullion dealer since 1977. The minimum order amount to sell to Kitco is $2,000. The company says that it will match any reasonable bid for larger transactions.
How Much Money Can I Get for Selling My Silver?
Currently, these are the live metal spot prices for silver:
- Silver price per ounce: $23.53
- Silver price per gram: $0.76
- Silver price per kilo: $756.51
How much money you can get for your silver depends on factors like what type of item you have, where you sell the silver, the weight of your silver, and what the current spot prices are for silver.
Silver Rush: Finding the Best Buyers Near You!
Since silver is used in so many different items like jewelry and tableware, most of us have silver in one form or another.
And if you need money quickly, selling silver for cash can be an easy way to get the cash you need!
Be sure to get a quote from a few different prices and do a little research to find the absolute best place to sell your silver. That way you ensure you get the most money for your silver!