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.
Sources of Silver Around the House
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.
And, just like how buying the right items made from silver is challenging in the first place, you shouldn't be surprised that selling silver will be equally as complicated—that is, if you want to earn back the most money!
Deal With Reputable Silver Buyers
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. For example, NBC's TODAY Show send the same jewelry to many buyers, and ranked SellYourGold.com the top paying jewelry buyer.
Check Customer Reviews
Often, consumers will post reviews or opinions online, giving you insight into how a company treats its customers. Look for buyers with 4/5 or 4.5/5 review averages. Any lower and you risk dealing with a company that mistreats customers. Any higher and you may be looking at fake reviews. Granted, you have to take any reviews published on the Internet with a grain of salt, but some content might help you make the right choice.
The web is not only a great place to find valuable information on silver buyers, it's also become a great way for people to save time and comfortably sell their silver coins, bars or antiques to a reputable party. One of the perks of selling to an online silver buyer is the ability to discuss prices and quantity directly over a simple phone call. That way, you can get a better idea of what to expect without even having to walk into a physical shop.
Fast Cash: Alternatives to Pawn
On the other hand, there might be circumstances when you would prefer cash-in-hand as quickly as possible. If getting cash as fast as possible is your priority, then your best bet is a local pawnshop. Of course, this option frequently yields a much lower payback for your silver than a reputable online buyer. While you might get cash the same day with a local pawnshop, some online buyers (including SellYourGold.com) will deposit cash into your account in as little as 24 hours.
Look for a Price Match Guarantee
Finally, if you want to shop around, remember that the best online buyers will factor in previous appraisals to your offer. Some, including SellYourGold.com, will even honor offers from other buyers! So when comparing silver buyers, make sure to get an offer from a major online buyer for your silver—it may be worth more than you think.