Selling Silver? Where to Sell Silver for the Most Cash

Silver prices have reached near-record 10-year highs,¹ creating an excellent opportunity for those looking to sell silver. Choosing a reputable buyer like Diamonds USA, a direct, online silver and jewelry buyer, ensures competitive rates connected to the most current silver prices. If you want to sell silver, read on to understand where you can sell and how to get the most money for your valuables.

Why Sell Silver

Selling silver for financial reasons, such as needing quick cash to handle unexpected expenses, is common. Sometimes, a past relationship that ended will lead someone to sell jewelry.

Selling can also arise from practical needs, like getting rid of old jewelry you do not wear or liquidating an estate, where the heirs might prefer cash instead of holding onto silver items they inherited.

Whatever the reason motivating you to sell silver, Diamonds USA can help with our simple process and competitive offer. Start by requesting a free, insured Appraisal Kit now:

Where You Can Sell Silver

When you decide to sell your silver jewelry, you have many choices that fall into two broad categories: “sell silver near me” or “sell silver online.”
Whether you sell silver online or to a local company, know what you have. Research the maker, purity, and market to get an idea of your silver value before you begin.

Sell Silver “Near Me”

Depending on where you live, you might have several local options when you search the internet for “silver buyers near me.” The kinds of local establishments that buy silver include coin dealers, jewelry stores, pawn shops, and cash for gold/cash for silver stores.

When you search for a local business, do your research.

• Check out online customer reviews
• Look up the company on the Better Business Bureau website
• Search your local newspaper’s website to see if anything was written about the company
• Get multiple quotes because offers can fluctuate greatly from business to business. Each company has to deal with various expenses and overhead, so it needs to cover its bills. This leads to lower offers, especially if they plan on reselling the jewelry.
• If you get a low offer, negotiate a higher price.

Before you decide to sell your silver jewelry to a local buyer, it might be worth your while to explore selling silver online.

When you choose to sell silver jewelry online, there are a couple of ways you can go: You can sell it on an online peer-to-peer marketplace, like Craigslist, eBay, or Facebook Marketplace. Or, you can go with a direct online silver buyer like Diamonds USA.

Sell Silver Online to a Precious Metals and Diamond Buyer

Online silver buyers like Diamonds USA provide convenience to buyers with streamlined processes and offer access to a wider market – you’re not restricted to only dealing with local buyers. This broader reach can result in more competitive, market-driven prices, often due to the lower overhead costs associated with online operations.

Reputable online buyers will send you a kit to ship your materials at no cost and insure them. They will have a strong rating with the Better Business Bureau and positive online reviews.

Sell Silver Online via a Marketplace

Like when you sell silver locally, research the buyer. You want to deal with a reputable buyer. This can be challenging if you sell to an individual through a peer-to-peer platform. See if there is a buyer rating on the platform and check out any comments.

When you sell through a peer-to-peer marketplace, you set your price, but you will have to wait to see if there is demand for your silver. To attract potential buyers, clean your silver jewelry thoroughly, take several photos from different angles in a well-lit setting, go to the marketplace and create a listing, and set your price and shipping charges unless you plan to complete the sale in person. Be prepared for potential buyers wanting to negotiate on the price. And be alert for scams.

Facebook provides a dedicated page to help users identify scams.² Additionally, LifeLock outlines 13 common scams found on Craigslist, such as overpayment scams and fraudulent “Craigslist guaranteed seller” claims.³ When engaging in transactions, it is also advisable to meet sellers in public spaces to enhance safety and avoid potential problems.

If the online platform has a secure payment system, use it. The Federal Trade Commission has recommendations to avoid scams when selling online:⁴

• Never accept a mobile payment from someone you don’t know because they might send you a fake payment verification in hopes you will send the jewelry.
• Never deposit a check you receive that is more than the selling price. This scam involves sending you a fake check for more than the amount and then asking you to send the amount of the overpayment back.
• Never send verification codes to someone you do not know, especially from Google Voice.⁵ This could give a person access to your Google Voice number to conceal their identity when attempting to scam others.

Why Sell Silver to Diamonds USA

Diamonds USA purchases a variety of silver items, including rings, charms, broken silver jewelry, watches, bracelets, necklaces, and silver coins. We buy all silver, regardless of the condition of your jewelry, because we are interested in the silver content.

Diamonds USA is a secure and dependable online buyer for those looking to sell precious items for extra cash. Here’s why:

• Reputation for Trustworthiness: Diamonds USA has been in business for nearly two decades and holds an A+ rating from the Better Business Bureau. This rating underscores our commitment to transparency and fair business practices.
• Secure and Convenient Selling Process: We provide a straightforward, secure, three-step method to sell silver.
• Price “Beat” Guarantee: Diamonds USA pledges to beat any competitor’s written offer, or we will return your items free of charge.
• Commitment to Privacy: We prioritize customer privacy and use the latest encryption technology to protect all customer information and transaction details. We never sell customer information to third parties, ensuring you won’t receive unwanted marketing materials.
• Environmental Sustainability: Selling to Diamonds USA will get you a fair price and contribute positively to environmental sustainability efforts by reducing the need for newly mined silver and repurposing precious metals.

How to Sell Silver to Diamonds USA

If you’re considering selling silver online and looking for a hassle-free experience, Diamonds USA offers a simple, three-step process.

Step 1: Fill out a form for a free Appraisal Kit. You will then receive a shipping label and packet.

Step 2: When you receive your Appraisal Kit, place your valuables in the packet so you can ship them to us at no cost to you.

Step 3: Upon receipt, our experts will appraise the items and extend an offer within 24 hours. You can accept the offer or have your items returned free of charge.
Request your free Appraisal Kit today and start selling your silver from the comfort of your home.

What We Buy at Diamonds USA

In addition to diamonds and diamond jewelry, here is a sample of what we buy:

• Silver jewelry
• Silver coins
• Silverware
• Gold jewelry
• Gold rings
• Gold charms
• Gold bracelets
• Gold bangles
• Gold coins
• Gold watches
• Gold necklaces
• Gold chains
• Broken jewelry
• Rolled gold
• Scrap gold
• Gold coins

FAQs about Selling Silver

What is the best way to sell silver?

Consider using a reputable online silver buyer to achieve the highest return when selling silver. Online buyers like Diamonds USA typically have lower overhead costs than local jewelers or pawnshops, which enables them to provide more favorable offers.

How much does silver sell for?

What silver sells for depends on where you sell it. If you sell it to an individual, the price will be based on demand: How much does the buyer want it? If you sell it to an online buyer, the price will be based on the current market price and the purity of your silver.

Is it worth it to sell silver now?

Silver prices have been close to the highest level they have been in the past decade1, so it can be an advantageous time to sell.

Can I sell silver to a bank?

Banks typically deal with paper assets, and they are not equipped to handle precious metals. A better option would be to sell to an online silver buyer, like Diamonds USA.

Sources:

1. SilverPrice.org – Silver Price Chart, https://silverprice.org. Retrieved May 10, 2024.
2. Facebook – Recognizing Scams, https://www.facebook.com/help/1086141928978559. Retrieved May 10, 2024
3. LifeLock – 13 common Craigslist scams in 2024 and how to avoid them, https://lifelock.norton.com/learn/internet-security/craigslist-scams. Retrieved May 10, 2024
4. Federal Trade Commission – Selling stuff online? Here’s how to avoid a scam, https://consumer.ftc.gov/consumer-alerts/2022/07/selling-stuff-online-heres-how-avoid-scam. Retrieved May 10, 2024.
5. Federal Trade Commission – The Google Voice scam: How this verification code scam works and how to avoid it, https://consumer.ftc.gov/consumer-alerts/2021/10/google-voice-scam-how-verification-code-scam-works-and-how-avoid-it. Retrieved May 10, 2024