How to Sell Silver

Source: wikiHow

1. 1 Separate your silver into coins, collectibles, sterling, scrap, or junk silver. Figuring out what type of silver you have will help you choose a strategy for selling it. Most silver is either a bullion coin, rare coin or collectible, scrap silver (which includes rounds and bars), sterling or flatware, or junk silver.
   If you have more than one kind of silver, separate them so that you can find a seller for each one.
   • Bullion coins are best for investing, while if you have a rare coin it’s most likely part of a collection or hobby.
   • Junk silver refers to all of your extra change that was issued before 1965 and is made of 90% silver.
2. 2 Determine if your silver is sterling or plated. Plated silver is worth significantly less than sterling, so sterling silver is what you want to try to sell. Silver should have identifiable marks, so to figure out if your silver is sterling or not, check to see what it’s labeled as. If it says “sterling,” “ster,” or “.925,” the silver is sterling. If it says “silver-plate,” “plated,” “EP,” or “EPNS,” the silver is plated.^[1]
   • Sterling silver might say “.925” because it’s 92.5% pure silver.
   • When talking about plated silver, “EP” stands for electroplated and “EPNS” stands for electroplated nickel silver.
3. 3 Keep your silver unpolished. It may be tempting to polish your silver before selling it so that it’s looking shiny and new, but this can decrease its value or worth. Don’t use any polish on your silver, and if you need to clean it up a bit, use a jewelry polishing cloth.
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4. 4 Research the potential value of your silver online. It’s better to try to sell your silver with an idea in mind of about how much it’s worth. This will keep you from being scammed when it comes time to actually sell your silver and will allow you to gain the most profit. Online valuations will help give you the approximate value of your silver, usually for a small fee.^[3]
5. 5 Take your silver to get appraised if you know a local professional. If you’d rather get your silver appraised in person, take it to a local antique shop, pawn shop, jewelry store, or similar dealer. They should be able to give you an estimate for how much money your silver is worth.^[4]
   • You can find a professional appraiser through the Appraisers Association of America or the International Society of Appraisers.

1. 1 Compare prices with several different potential buyers. Instead of just selling your silver to the first buyer that gives you an offer, do some comparison research to find out who’s going to give you the best price. You can do this by asking people you know for recommendations, checking the Internet for respectable buyers, or calling the businesses themselves and asking how much they pay per ounce.^[5]
2. 2 Sell your silver at a pawn shop if you have quality items. Most cities have pawn shops, making them a popular choice for selling silver. Pawn shops are great because you get paid on the spot, but you won’t get a good price for your silver unless…

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