Want to sell your silver but have never done it before? No worries, selling silver can be very painless and net you a nice bit of extra cash. Follow these tips to make your silver selling venture that much easier.
Keep your silver polished and taken care of. Clean and polish your silver before you get ready to sell it. Tarnished silver sells for less and is not as desirable. Silver items with a 92.5 or .925 will sell for the most.
Get an idea of the value of your silver before you go to sell it. Weigh it and find average values. You will need to weight it in troy ounces, you can find conversion tables online. Remember you need to keep purity in mind so you know how much is actually silver. Sterling silver should be 92.5% silver. Pure silver U.S.
Coins are around 90% silver while bars and ingots are normally around 99% silver. It may not be worth quite as much as you estimate depending on wear, but it is important to know you are getting a good deal when selling your silver. A reasonable price will probably be between 50% and 70% of the value when selling to silver buyers.
Shop around for silver buyers. Some people prefer to sell it all online through Ebay. This can be a great option if your silver looks very nice and you can take good pictures of it. If you are looking for quick cash a pawn shop could be a better choice. There are also many online silver buyers. If you aren’t interested in shipping, many places will have local silver buyers as well.
Be specific when selling on Ebay. If you decide to sell your silver on Ebay you must write a very detailed description. Pictures are very important when selling silver on Ebay. If you are selling coins be sure to include the date and mint mark. Take pictures up close of many sides of each piece. Take a picture of the piece on the scale so the buyer can be sure of the weight.
Selling silver can be a great way to come up with extra money. The key is knowing what you have, making sure it looks nice, and finding the right silver buyers. If you do those three things, selling silver can be an easy and painless way to get some fast cash.
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