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Best Place to Sell Silver

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Best Place to Sell Silver

Best Place to Sell Silver

Best Place to Sell Silver

If you are looking for the best places to sell silver to, then you have to be ready to do some thorough research.  You can easily find silver buyers all around your area – but – it will be hard to find one who will be willing to buy your silver close enough to its market value by weight.  Silver buyers will often charge fees and premiums on every transaction so you cannot expect to have the actual value of the silver if you compute it by its weight and current market price. You have to find a reliable buyer who is not buying silver on the basis of commission if you want to cut down the amounts that will be deducted from you.

When you are looking for the best silver buyers, you should always aim for larger precious metal businesses as they often put lower fees and charges for each sale.  They have a large customer base so they will not be trying to extract as much profit from each and every customer.  These companies often have nationwide branches and they also have constant and reliable buyers who can pay them promptly whenever they make a purchase.  This is true of those who have contracts with government mints and large manufacturing and industrial companies.

There may be a downside to this though as most of these companies will also have a minimum amount of silver to buy. These can be as high as a thousand ounces per transaction and you may not be able to come up with the required amount.  If this is the case then you should look if your silver has a characteristic beauty or rarity which will make it desirable to collectors of such items.  This is very common when selling antique silver jewelry and flatware items which come from a renowned designer or has a certain historical value to it.

Hence, if you have an antique silver brooch or earring, it will be better to sell them to antique collectors and high-end jewelers who will put a higher price for it.  They will value the item not just for its silver content, but for its design or rarity.  For this, you will need to scout for the best collector and jewelry store which can take a huge amount of your time but the end result will be worth all that work.  The difference can be as much as a thousand dollars than if you sell your silver items to a refinery.

Another good way to sell your silver is through coin collectors.  There are several institutions whose main aim is to collect silver coins which are manufactured either here or other countries such as Canada and Australia.  These coins have superb designs and high quality of silver that they are willing to pay up to more than 90% of their total retail market value.  These coins are also valued for their historicity and rarity as they were often minted in smaller quantities only.  Rarity, condition of the coins, and desirability are factors that are typically even more important than simply age alone. When selling silver dollars or any other denomination such as half dollars, quarters, or dimes, it is important to know in advance the retail price collectors are willing to pay. If you can find a reliable coin collector, then you have found a potential buyer.

The best places to sell your silver will depend on the kind of item that you are trying to sell.  If you have bars and bullion, it will be better to sell them on refineries who will charge lower fees if you can sell them in large quantities.  For jewelry owners, jewelry stores and antique collectors will be the most effective choice.  They have the expertise to determine the aesthetic and historic value of your item.  If you have silver coins however, you will need to sell them to coin collectors who are willing to pay higher price for them.


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