How to Find Scrap Silver

1. Know and understand what you are looking for before starting your search.
2. Purchase and use a silver testing kit.
3. Check your home.
4. Search garage, yard and estate sales.
5. Check pawn shops, vintage stores and resale shops.
6. Buy inventory from companies going out of business.

How much does it cost to sell silver?

Right now, the silver spot is around $15.45, and the average price for a 1-ounce Silver American Eagles ranges from $17-$18 U.S. dollars. Mint wholesalers typically charge anywhere from $2-$2.50 per ounce when selling to dealers. These dealers then add a small percentage on top when selling to the public.

How can I sell silver fast?

Just as you might sell gold or platinum, you can sell silver in a number of ways. The most common of these is to bring your silver to a pawn shop, a silver exchange, consignment shop, a local jeweler, or by using an online website.

Where can I Sell my Silver for cash?

At Ramsdens you can now turn your unwanted silver into cash by visiting one of our branches or applying online for a FREE GOLDPAK™. We’ll value your unwanted or broken silver there and then and you can walk away with cash in your pocket. It is quick and simple to do and we are able to value your silver within minutes.

Where can I find a silver coin dealer?

Talk with gold and silver dealers at coin shows and in your area about selling some items at wholesale prices. Some dealers are willing to work with you, but only if you’re interested in buying a large quantity. You may find several dealers willing to work with you, provided that you buy enough.

Do you need a license to sell coins?

Coin dealers and jewelry stores typically do need this business license, though requirements vary from state to state. Each state has its own requirements for issuing a business license, but as an example, Ohio requires applicants to be of “good character” and have experience working with precious metals.

Where is the best place to sell sterling silver?

If you have quality items, such as sterling jewelry, firearms, or a nice watch, visiting a pawn shop could be the right choice for you. You can also stop by a coin shop or jeweler if you have quality coins or sterling silver jewelry to see what their price estimate is.