The price of silver had reached a value of $20 per ounce in the 1980s. However, it was a one-off trend and the prices dipped soon after. In recent times, however, silver prices have exhibited a steady rise. Therefore, if you are contemplating on selling old silver, this could be a good time. Although silver is the least pricey of the precious metals, being much cheaper than gold and platinum, it provides for handsome gains.
The idea to sell silver has received an impetus through several online portals that provide all the required assistance for the completion of the deal. However, you need to select one with due diligence. A bit of self preparation can also go a long way in preventing a decision that you could regret later.
Selling Old Silver: Top Tips
Listed below are some of the vital steps to be executed for selling antique or scrap silver pieces through a profitable deal.
1.It is always better to evaluate the worth of the silver pieces you are planning to sell. You could resort to websites that offer a free estimate. If a more hands-on approach suits you, have the pieces weighed at a nearby jewelry store. Once you have the weight in grams, you will need to know the grade. Most solid silver pieces will have it hallmarked. There would be numbers like .999, .975 or .925 engraved on the pieces. These would represent the grade. The worth will be calculated on the basis of these two parameters.
2.Once you have the value at hand, you can look for suitable potential buyers online for selling silver bars. You will come across specific websites that can help you through the selling process or even individuals who are willing to buy. Ask them to evaluate your stuff and arrive at a price. If your expectations match, you can go ahead and sell the silver right away.
3.Online auctions can also provide lucrative opportunities for selling silver bars, jewelry and even antique pieces. You simply need to track down a suitable online interface and register with them. Your items will be showcased here along with your contact details. However, be careful of the reputation of the interface. Also, do not divulge personal information on these portals. They could be instances of identity theft, since they are open to visitors. Possible buyers will get in touch with you if interested.
Before you decide on selling old silver, it is very important to have a fair knowledge of the prevailing market rates so that you can evaluate the offers made to you.
The process of selling old silver on your own could be a cumbersome and time consuming one. Consider visiting www.usgoldbuyers.com instead. They will take you through the entire process smoothly, and the money will arrive at your doorstep the very next day!