by Ryan Hart | Updated on July 29, 2022 | Post may contain affiliate links. As an Amazon Associate we earn from qualifying purchases.
Do you have any old silver jewelry that you don't wear anymore?
The good news is that you can sell your silver for cash without leaving your house. This article reveals the companies that will pay you top dollar.
So why not turn your scrap silver into cash today? It's easy - check out the companies below to get started.
Finding the right place to sell silver in today's market is simple when you choose from one of the following companies.
Let's dive in and learn about the top five marketplaces to sell silver.
Cash for Silver USA could be the right choice if you want to sell silver for cash. Their process is simplified into a handful of easy steps that make it easy to sell your jewelry online.
What Cash for Silver USA does best:
Cash For Silver USA is best for people that don't have time to deal with the hassle of online auctions and need to get paid quickly.
JM Bullion makes it easy to lock in an estimated value on your items, so you know what you are getting when you send in your silver. There are just a few steps to get cash for silver.
What JM Bullion does best:
JM Bullion avoids the headache of seeking out silver buyers in your local area when you need to sell your silver for cash.
eBay may be the best option for you if you want to ensure you get a great price and you're not in a rush to sell. You can manage the entire selling process right from your home computer.
What eBay does best:
By using eBay, you can use a single portal where you can connect with buyers and maintain the sale of the silver on your terms.
APMEX is a reputable company in the industry offering a simple, step-by-step process for selling silver and other precious metals.
What APMEX does best:
APMEX has a long history of purchasing silver and other precious metals at market price and is an industry leader.
Sotheby's is right for you if you are willing to wait for the top dollar on your piece and sell it to a high-end buyer.
They are especially interested in antique or vintage silver pieces that are no longer replicated or produced.
What Sotheby's does best:
For very rare and unique pieces, Sotheby's may have a market of buyers that will give you the most money for your silver.
Silver is a precious metal that has been used for centuries as a form of currency, jewelry, and other decorative items.
The value of silver jewelry is determined by its purity and weight; in general, the higher the purity and weight, the more valuable the silver.
The price of silver can also be affected by factors such as supply and demand, geopolitical events, and economic conditions.
For example, demand for silver may increase during periods of economic uncertainty, as investors view it as a safe haven asset.
The price of silver can be volatile, so it's essential to keep up with current market conditions before buying or selling any silver products.
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.
The troy ounce originates from medieval times and gets its name from the French market town of Troyes. It was once commonly used throughout Europe but has largely been replaced by the standard ounce.
When buying or selling silver, it is vital to know the difference between the two measurements. For example, some countries use the troy ounce to measure silver bullion, while others use the standard ounce.
The price of silver can also vary depending on the purity of the metal. Silver that is 99.9% pure is known as fine silver, while silver that is 92.5% pure is known as sterling silver.
The higher the overall purity, the more expensive the silver will be. Therefore, when buying or selling silver, it is essential to know the weight and purity of the metal.
If you have scrap silver you want to get rid of, there are a few reasons why selling online is a good idea.
First, you will likely get a higher price for your silver online than you would if you sold it to a local jeweler or pawn shop. Online buyers are willing to pay more for silver because they can sell it for a higher price.
Additionally, selling online is convenient and easy. You can take a picture of your silver and list it for sale on a website or marketplace. This is much easier than taking it to a local buyer and haggling over the price.
Finally, selling online is safe and secure. You can be sure that you will receive payment for your silver once the buyer receives it.
Overall, selling online is the best way to get the most money for scrap silver.