How to Sell Silver and Get a Great Price (Guide for 2023)

So you’re ready to unload some of your silver and you don’t know where to begin? You may have some unused silver pieces collecting dust in your drawers or in your basement that you would like to trade in for fair value. If so, there is no time like the present! It can be refreshing to declutter silver items from your house, and there are certain establishments that provide an experienced silver buyer to evaluate your item and give you a professional assessment of its worth. But to get the process moving, you will want to start with some important research.

Research How to Sell Silver

Before approaching a buyer, the most important thing to know is what you actually have in your possession. It is important to know that silver comes in many forms. If this is your first time selling silver coins, for example, there is helpful information abounding about its value. It is best to be armed with the most accurate intel about your items before visiting your local buyer. For this, let's take a look at a few different types of silver you might be holding.

Silver Coins & Bars

With silver coins, the first and most essential step is to look into their numismatic value. Be prepared to find that your coins may not be worth anything more than the metal in them, but also bear in mind that it’s possible that they might just be of some significant value! Generally speaking, the rarer the type of coin, the higher the premium.

Bullion silver coins, bars and rounds are not classified as legal currency by the government, but they are considered to be a sound investment for serious silver buyers, though they may not fetch you a better price than rare numismatic coins.

Sterling Silver Vs. Pure Silver

Have you ever wondered whether you have sterling silverware, or whether it is pure silver? The good news is, every piece of silver will have a stamp, mark or design on it that can be researched to let you know if it is sterling or pure silver, or even silver-plated.

While sterling silver can be less valuable than pure silver, it is often used for sturdy items such as silverware and food trays, because it is more durable than pure silver. This sturdiness is due to the composite of silver with other metals. Without the addition of these other metals, silver can be more fragile and less likely to hold its shape over time. Silver-plated items are considered to be largely worthless, though some dealers will buy them.

Where to Sell Your Silver & What to Expect

Another important step in your research will be checking out all of your options. You may want to browse the internet for reputable on-line and in-person auction houses, for example, as well as your local antique stores. Any research you do ahead of time will give you an idea of what silver items go for and what you should expect when you go into your local silver dealer of choice.

While the price will vary, depending on the current silver market, even a ballpark idea of what you should expect monetarily in exchange for your items will give you that important confidence boost when you walk into your chosen buyer with your silver collection.

Find a Buyer You Can Trust

You most definitely want to know your buyer before approaching. A good way to do this is to locate a variety of local silver buyers and check out their reviews. Previous customers are often our best guides in finding the best spot to conduct business. Once you have found a place of interest, you will want to make sure they will agree to a consultation before any deals are set in place. Any dealer that is worth their salt will put the customer’s ease first by evaluating your silver pieces and offering you an estimate.

Sell Your Silver Today at Gold Rush Cypress

At Gold Rush Cypress, we have been operating for twelve years with customer satisfaction as our highest priority. We offer you a free, no-obligation consultation so that you can make an informed decision about selling your silver goods in a relaxed atmosphere. You can count on a step-by-step explanation of the process, as well as payment at the time of the sale.

As one of seven brick-and-mortar locations across Houston, we take pride in offering you accurate evaluations and the highest payouts available. You can look forward to our attention to detail and professional accountability, as we rely on relationships with specialists around the world for their expertise and collecting the most recent data about the market.

Why wait? Our specialists at Gold Rush Cypress are looking forward to serving you!

Contact Information:

Gold Rush Cypress

29110 Highway 290 Suite 110
Cypress, TX 77433
United States

Public Relations
(713) 424-4653
https://goldrushhouston.com/