Places That Buy Silver Near Me
First of all, there are good old-fashioned coin shops. While these are great options for silver bars and coins, they are not exactly the best place to go if you want to sell scrap silver. Of course, it is extremely rare to receive the retail price that you may have purchased the piece for.
places that buy silver near me
Silverware sets are one of those things that tend to get passed down for generations within a family. In many instances, families may own silverware and flatware that is over 100 years old. While baby boomers and members of older generations often kept silverware sets as a family heirloom, people of younger generations are less interested in keeping them. Large sets of silverware and flatware take up space and require polishing if they have become tarnished over the years.
Fortunately, flatware and sterling silverware sets can be worth a good amount of money, making it worth your time to sell your unwanted silverware. Gold and silver buyers like PGS Gold & Coin offer top dollar for sterling silver flatware, hollowware, tea sets and candlesticks. The price of a silverware set can vary widely due to a number of factors including age, weight, manufacturer, design, and the current market price for silver. If you have decided to sell a sterling silverware set that you no longer want, the following tips will help you prepare your flatware for the sale and get top dollar for your items.
If you would still like a better idea of the value of your silverware after considering the above factors, you can look online for silverware sets that are similar to yours. Check several different websites, not just eBay, and compare the prices to get an average. This process will give you a good idea of the value of your silverware set before you try to sell them or have them appraised by a professional.
Note: It does not mean that your item is worth $22. It only means it has an intrinsic value of $22. To release the value it may have to be sent to a refinery, and the process of extracting the pure silver costs money.
Like silver bullion bars, 99.9% fine silver coins in mint condition are popular with investors and have a good resale value. However, there are more coin collectors and investors that buy silver coins than there are investors that buy silver bullion bars.
The price you will be offered for your item is based on its market value, less an amount the pawnshop considers fair that will allow them to make a reasonable profit on an item that might take months to sell. And remember, the silver price fluctuates daily, adding additional risk for the pawnshop.
Like many other products buying gold online can be as easy as point-and-click. The best dealers have a well-organized website with easy navigation to find and compare products by category (i.e., bullion by weight, coins, out-of-mint coins, etc.). With most dealers, once you find the product you want and start the checkout process your price is locked in for a short period, typically 10 to 15 minutes. You need to complete your purchase before the pricing expires, or you may see the price adjusted up or down based on how the market is moving. "}},"@type": "Question","name": "Can You Store Gold at Home?","acceptedAnswer": "@type": "Answer","text": "Yes, you can store your gold at home (except in the case of Gold IRAs). For those who prefer to keep their gold close to them, the ideal place to store it is a well-hidden, at-home safe. If you do store your gold at home, be sure to check that your homeowner's insurance covers its potential loss or damage. If not, you may need to purchase additional coverage. ","@type": "Question","name": "Is Buying Gold Online Safe?","acceptedAnswer": "@type": "Answer","text": "Buying gold online is as safe as any other transaction you make over the internet as long as you know you're dealing with a reputable company. As with any online purchase, adequately researching these online retailers is your first and last line of defense against scammers. The best dealers use SSL encryption and are PCI-compliant. Plus, all their shipments are insured for their full value. ","@type": "Question","name": "How Do You Choose a Reputable Gold Dealer?","acceptedAnswer": "@type": "Answer","text": "Unquestionably, a company's reputation is the number one criterion to evaluate and compare gold dealers. The single best measure of a company's reputation is its transaction history, which can be assessed by customer reviews. Companies with a large number of reviews are typically more established (longer track record) or have built up their trust and reputation through a greater number of transactions. Additionally, you should look for a proven track record, physical company headquarters, clear return and buyback policies, transparent pricing, and multiple payment options.","@type": "Question","name": "Do Gold Dealers Report to the IRS?","acceptedAnswer": "@type": "Answer","text": "Yes, gold dealers report to the IRS. These companies are required to report when a customer makes a cash payment of $10,000 or more, or when they sell a large amount of bulk gold or silver pieces. Gold dealers either report using the IRS form 1099-B or 8300."]}]}] When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site.
Selling your silver can be a great way to make some extra cash. Maybe you have old sterling silver jewelry pieces that you don't wear anymore, or you've been hanging on to your silver coin collection and now want to get rid of it. Whatever your reason for selling is, there are many options for finding a buyer. Whether you take your silver to a pawn shop, smelter, or private buyer, make sure you're happy with the price before selling.
Silver is one of the most desirable precious metals on Earth, so it's not at all surprising that silver is frequently used to make beautiful and valuable decorative objects. If you own silver in the form of jewelry, home decor, sterling silverware, or other items around the house, you might be surprised to learn that selling your silver can be a great way to earn extra cash.
One of the interesting attributes of silver is that we can accumulate it in our possession without really being aware of it. In your home, there may be several sources of silver. If you are a collector, for example, you may have silver coins in your possession. These items may be worth quite a lot on the open market, with a value that rises and falls according to the current market price of silver, but also depends on the manufacturing and artistry that went into making the item itself. As another example, if you have antiques made from silver, they might be more valuable that the price of silver would lead to believe because of the item's unique history and significance.
If you want to realize the maximum returns from the sale of your silver coins, silver bars or other silver items, it is essential that you do business with silver buyers that are highly reputable and nationally recognized. In other words, don't jump into doing business the coin shop down the street just because they're close! Do some research on the web and use ensure that you are dealing with a company that has a respectable reputation and a good track record.
Our silver auctions, held in New York, London and Paris, feature silver tea sets, tureens, flatware, candlesticks and many other silver forms. Whether you have inherited a Gorham silver punch bowl or are ready to sell your Georgian silver candelabra, our specialists can help identify, value and sell one special silver piece or an entire collection of silver antiques. To get started with a free auction estimate, simply submit images and information of your silverware through our easy-to-use online estimate form. Our global team of specialists will review your submission and issue preliminary estimates for items that can be included in any of our sales.
Pure forms of silver, like bullion bars or ingots, are assets that can be invested in when the market is down, and turned into cash when the market is up. Suppose you have scrap silver from a business, a silver coin collection, or some silver flatware/serving ware that you inherited. In that case, you can liquidate these assets through a reliable silver broker like AU Precious Metals, and turn those unwanted silver items into cash.
With nearly 40 combined years of experience, our knowledgeable team of jewelry and coin experts will provide you with an honest and fair evaluation of your jewelry and coins. We strive to make sure that you are getting the most money for your items.
The new couple treasured the beautiful, strong sterling flatware they received from a cousin, the sterling candle stick holders from their great aunt, and a sterling tea set from grandma and grandpa. The family would bring out the good silver for special occasions, holidays, and all sorts of family gatherings. All would take part in polishing the items that may have gotten tarnished.
Assuming you want to sell a sterling silver item that weighs 30.5 grams. Sterling silver is 92.5% pure silver, and your item contains 28.2 grams of silver (30.5 grams x 92.5%). At the time, the current spot price of silver is $24.16 per troy ounce, and it then works out to $0.78 per gram ($24.16 divided by 31.1034). Thus, the value of that silver is $22.00 (28.2 grams x $0.78 per gram).
Silver is known as a dense metal, so its weight should be proportional in relativity to its size and diameter. The weight standard of a silver dollar coin is 26.73 grams, and a silver bar is between 930 and 1,080 ounces. Take this an idea from these weight standards to compare that to your silver piece lives up to the name. 041b061a72