How and Where to Sell Silver for Cash Quickly

Where to Sell Silver: "Near Me" or Online?

When deciding where to sell silver, local “near me” options and online buyers each offer unique advantages. Whether you look for silver buyers “near me” or online depends on your need for convenience, speed, and security.

Here are Some “Where to Sell Silver Near Me” Options

For those interested in a more immediate transaction, selling locally has several benefits, including receiving instant payment and having the silver inspected in person. Do searches for “who buys silver near me” or “places that buy silver near me” and the results will show these kinds of establishments:

‍Jewelry Stores: Many jewelry stores buy silver jewelry, coins, or bullion, often assessing and purchasing items on-site.

‍Coin Shops: These operations often buy silver in various forms, particularly silver coins, bars, or rounds. They tend to have expertise in evaluating silver content and purity.

‍Precious Metals Dealers: Local precious metal dealers usually have more expertise in buying gold and silver. It’s helpful to check if the dealer provides free appraisals and whether they follow fair market pricing for silver.

‍Pawn Shops: Pawn shops buy silver items quickly, typically offering cash payments. While they may not always offer top dollar, they can be convenient for an immediate sale. Comparing offers from several pawn shops can help you gauge fair pricing.

‍Antique Shops: Some antique stores buy silver, particularly if you have vintage or unique silver items. They may pay a premium for items with historical value, making them an option for those selling antique silverware, collectible coins, or rare jewelry.

Request your free, insured Appraisal Kit now to start the process of selling silver.

What to Expect When You Decide to Sell Silver “Near Me”

When you work with silver buyers “near me,” keep in mind factors that can affect the amount of your payout: 

- Local shops often have higher overhead costs, which can lead to lower offers for your silver compared to online buyers, who typically have lower operational expenses. 

- Some local buyers might charge fees for appraisals or handling, which can reduce your final payout.

- Local silver buyers’ prices tend to vary greatly, so make sure to visit several shops and compare offers. 

Ensuring the buyer’s reputation and understanding the terms of sale beforehand can help you avoid common pitfalls and secure a fair price for your silver.

Benefits of Selling Silver Online with Trusted Buyers

Online buyers simplify the selling process, often providing free insured shipping and appraisals, enabling you to sell silver from anywhere. Online silver buyers also offer competitive prices and unique benefits like price-matching guarantees and volume bonuses.

For example, at Cash For Gold USA, a highly-rated online buyer, we offer our Price "Beat" Guarantee, where we beat any competitor's written offer. With years in the precious metals business and an A+ Better Business Bureau rating, people across the country trust our secure, insured process and free appraisal kit because we make it convenient for those who prefer to handle all transactions from home.

Tips for Choosing Between Local "Near Me" and Online Options for Selling Silver

When deciding between selling silver "near me" or online, consider the following:

‍Current Silver Market Price: Check the live silver spot price, as it helps you determine a fair offer from both local and online buyers.

‍Reputation and Reviews: Look up reviews and ratings for local shops on platforms like Yelp or Google, and check online buyers’ BBB ratings and customer testimonials.

‍Transaction Speed: If you need cash instantly, local buyers might be a better option for you. However, many online buyers offer fast payments. At Cash for Gold USA, we will make an offer within 24 hours of receiving your materials, and we offer quick payout options, like PayPal and a virtual credit card.

Potential for Additional Fees: Some local buyers might charge appraisal or handling fees, while most online buyers cover shipping and appraisal costs. Understanding any additional costs can help you determine which option provides better value.

Selling silver to an online buyer can save time and effort, eliminating the need to drive around comparing offers. For many, the convenience of online selling, combined with competitive offers and price guarantees, outweighs the extra steps (and miles driven) of in-person selling. When evaluating the best option for you, think about how much your time is worth, and request your free, insured Appraisal Kit now to start the process of selling silver.

What Kind of Silver Can You Sell?

At Cash for Gold USA, we accept a variety of silver items for purchase, giving you multiple options to sell your unwanted silver. Whether it's silver jewelry, pure silver bullion coins, or sterling silver flatware, our experts will evaluate each piece based on its silver content and weight.

Here’s the silver you can sell to Cash for Gold USA:

Sterling Silver

Unlike soft pure silver, sterling silver is relatively durable and can be used to make all sorts of items. You might sell silver jewelry you never wear, or trade-in your worn sterling silver utensils to help fund a nice replacement set.
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Besides jewelry, here are a few common items that contain sterling silver:

Silverware

Plates

Platters

Coffee & Tea sets

To help identify sterling silver, look for common markings that indicate the manufacturer or purity level. For example, sterling silver is often marked with 925, 900, or 800.

Here’s a list of common sterling silver flatware manufacturers:

Alvin Silver

Labeled as “Alvin,” typically over a dragon emblem

Dansk Silver

Labeled simply as “Dansk”

Durgin Silver

Fine Arts Silver

“Fine Arts Silver” in a circular stamp

Gorham Silver

Company emblem includes an anchor and bear and the letter “G”

International Silver

Noted as “International Silver” or “I. S. Co. Sterling”

Kirk and Smith

The words “Kirk & Smith

Lunt Silver

Oneida Silver

Either “Oneida Sterling” or “Heirloom Sterling”

Reed & Barton

Rosenthal Silver

Saart Brothers

Either labeled as “Saart Sterling” or “SB Sterling”

Tiffany & Company

“Tiffany & Company Makers”

Towle Silver

Emblem is the letter T with a griffin inside. May also be listed “Towle”

R. Wallace Silver

Very common brand with tons of different emblems such as “R.W. & S.” and “Wallace Sterling”

Wheelock Silversmiths

Will say “HandMade Sterling Wheelock Newport, R.I.”

“Junk Silver,” a.k.a. Coin Silver

Do you keep a piggy bank or loose change jar in your home? If so, you might have non-collectible “junk silver” coins made with 90% silver that can be sold for a profit above and beyond their face value.

Common American coins you can sell for cash value include:

1878-1904 and 1921 Morgan dollar (90%)

1892-1915 Liberty Head “barber” half-dollar (90%)

1916-1930 Standing Liberty quarter (90%)

1932 and 1934-1964 Washington quarter (90%)

1942-1945 Jefferson “wartime” nickel (35%)

1946-1964 Roosevelt dime (90%)

1964 Kennedy half-dollar (90%)

1965-1970 Kennedy half-dollar (40%)

To help you determine the value of your “junk silver” coins, you will need to weigh them, multiply that by the current spot price of silver, and apply the purity percentage to that total. Although this process may be time consuming, the thrill of the hunt can pay off dividends.

Scrap Silver

Even if it’s old, broken or in wretched condition, you can still get cash for silver by selling it as scrap. Things like snapped necklace chains, bent silverware, and even an unsightly pair of earrings you inherited from a well-meaning relative can fetch a nice return.

Flea markets, yard and estate sales, manufacturing facilities, and other public places often have scrap silver that is valuable.

We Do Not Buy Silver-Plated Materials

While we are happy to accept your scrap silver and sterling silver, we do not purchase silver plated materials. These items are typically composed of copper, pewter, brass, and other base metals. A thin layer of silver is then added on top to enhance the appearance. As such, there is no melting value of the silver itself. To determine if your item is silver plated or sterling silver, look for a lack of markings, flaking, or green coloring. These are all signs of plating.

How to Sell Silver Online: Our Process

Wondering how and where to sell silver or other precious metal items for cash? Here’s how the Cash For Gold USA process works:

Fill out our short online form to request a free Appraisal Kit.

Once you receive your FedEx label, just package up your silver, gold, platinum, and/or palladium items and use the provided label to ship it to us for free.

Within 24 hours of receipt, our experts will evaluate the silver pieces and we will mail you a check for their determined value.

If you are not satisfied with the amount of money you receive for your silver, simply notify us within 14 days of the check date. We’ll cancel the payment and your items will be returned to you at no additional charge.