5 Best Places to Sell Silver for Cash [2023]

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.

Where to Sell Silver Online

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.

1. Cash for Silver USA

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.

Highlights:

• First, make a request for shipping to receive your appraisal kit and mail in your silver. Keep in mind that there is insurance on your piece if there is damage or loss through the mail.
• Once it's received, you will receive a certified offer from an appraiser for your silver within 24 hours. These experts take their time to examine the silver, confirming authenticity, weight, and other essential features.
• If you choose to accept the offer, you will be paid immediately. You can have the funds deposited to PayPal or get a check in the mail; the choice is yours.

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.

Sell Your Silver with Cash for Silver USA

2. JM Bullion

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.

Highlights:

• Get a quote online for your silver. When you choose to sell, make sure the type of pieces is listed. If you do not see the category listed, email the support team for more information.
• Once you receive a quote for your silver, you'll receive instructions for shipping so your silver arrives safely and on time. Be sure you follow the directions emailed to you.
• Once JM Bullion receives your silver, they'll give it the final approval and list it for sale. They'll contact you right away and send your payment.

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.

Sell Your Silver with JM Bullion

3. eBay

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.

Highlights:

• Take pictures of your silver and post them on your account. You will need high-quality close-up photos to showcase your piece and provide details of the silver for sale.
• Have your silver appraised by a local appraiser with a certification of authenticity document listed.
• Post your silver for sale and interact with potential buyers.
• Once you have a buyer and agree upon a price, you will ship out the piece and receive payment through your eBay account.

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.

Sell Your Silver on eBay

4. APMEX

APMEX is a reputable company in the industry offering a simple, step-by-step process for selling silver and other precious metals.

Highlights:

• Get a quote for your pieces by making a request online or give them a call to speak directly with an expert. If you have a highly unique piece with more than just silver in it, call to provide details to the specialist.
• Once you are ready to ship, UPS will pick up your order and send it to the facility with expedited shipping. You will be sent all the necessary labels for this process.
• When the silver arrives, it will undergo a thorough assessment, and you'll receive an official offer.
• If you approve their offer, you will receive payment the next business day through the method of your choice.

What APMEX does best:

APMEX has a long history of purchasing silver and other precious metals at market price and is an industry leader.

Sell Your Silver with APMEX

5. Sotheby's

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.

Highlights:

• Visit them online to get an estimate by giving a description, providing pictures of the item(s), and then submitting it to the specialists.
• Schedule an appointment online or with an industry specialist near you. With various locations in North America and worldwide, they are willing to meet you at a time that works for you.
• Choose between private sales, auctions, or immediate purchases for your item.
• Once your item has been thoroughly assessed, you will receive an offer.
• If you accept the offer, you will be paid promptly, minus any auction costs or selling fees.

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.

Sell Your Silver with Sotheby's

How much is silver worth?

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.

How many grams in an ounce of silver?

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.

Bottom Line

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.