Sell Silver

How Can I Sell Silver Profitably?

If you are selling silver bars or jewellery, you want the best price available. You may have invested in this precious metal for many years and now you think it’s time to get rid of some of your collection. Or, maybe you’ve inherited precious metals from a family member, or you want to clean up your jewellery box. Whatever your case, here you will find the maximum amount of useful information to sell silver and make your transaction as profitable for you as possible.

What Do You Need To Know To Sell Silver?

Before we start calculating the cost with a special silver price calculator, let’s take a look at the most important things you should consider before you sell silver or other precious metals, including:
Getting a fair price
Sale of silver in various forms: coins, bars, jewellery, scrap
Where is the best place to sell silver?

Can silver be sold online?

Whenever you decide now is the right time to sell silver, there are three main factors to consider: price, convenience, and safety. Let’s take a look at the above topics and look at how these factors affect trade, and we’ll start with the most important question.

At What Price Can I Sell Silver?

When selling precious metals, many wonders at what price they will sell them. So how do you know how much your ingot is worth? Here are some of the factors that determine how much you can potentially get if you sell silver.

What exactly are you selling?

Some precious metal products are more valuable or in high demand in the market at some point in time than others. Factors such as form: a coin or ingot, a public or private mint, as well as the condition of the item itself, will affect its resale value.
Silver bars that required a higher upfront premium will have higher resale prices, although this does depend on-demand at a particular time frame. One way to make sure you have good resale opportunities is to pick the most popular product when buying, where demand will always be the highest.

Sell gold and silver bars

Silver bars usually have a high resale value, especially if they are bars that have been stored in professional vaults. Produced in the most respected refineries and mints, silver bars have the highest resale value. 

These bars are usually marked with a mint seal and sometimes a serial number for easy identification and certification. Because of this, there is a low risk associated with buying or selling such bars.

Sell silver coins

Silver coins generally retain their resale value well. Since government coins are generally accepted legal tender, they can usually be resold quite simply and quickly. Because of this high liquidity, you usually get a higher resale value from such coins. Of course, there are exceptions to this rule. In addition, the retail market for coins is usually more active than bullion or jewellery, which means there is almost always a buyer for them.

Sell Scrap Silver

You usually get a lower resale value for scrap silver than bars and coins. This is because the scrap needs to be melted down and then processed into the form that investors or industrial producers want. Most bullion dealers do not accept scrap silver as a reverse sale, preferring only factory-made products instead.

Sell silver jewellery

When selling your silver jewellery, it is difficult to get the same value as when reselling bullion. This is due to the fact that most modern jewellery includes alloy along with other decorative elements. Since it is not pure silver, its value is lower.
The refiner must melt and process it before making an ingot, coin, or even other jewellery. This additional labour means that most jewellery today will have a lower resale value than what was paid when it was purchased.

Where To Sell Silver

Once you have some silver to sell, you need to decide where to do it. Most people look for a pawnshop near their home or a bullion dealer to sell silver. They usually offer low value for the transaction. There are very few reputable dealers in precious metals, with many moving their businesses online, opening up new opportunities for you.
London Gold Center is one of the best options for selling silver. Here you can sell any silver items at the best price on the market:
Jewellery
Silverware
Coins
Scrap silver
Ingots
Your goods will be checked for quality and then an offer will be made to you. Payment is made within a day, at the most favourable prices.
To calculate the cost, you can use the Silver Scrap Price Calculator. Just select the desired cell and enter the number of grams of your silver piece. The price calculator will show the value of selling silver.