Finding And Vetting Silver Buyers Near You: How To Sell Your Silver
When money is tight, finding ways to make a little extra cash can mean the difference between paying your bills or going into debt. If you’re experiencing money troubles, you’re not alone. In fact, more than 53 percent of the American workforce lives paycheck to paycheck.
Luckily, selling silver jewelry, collectibles, and coins that you have lying around your house is one of the most effective ways to put a little money in your pocket.
However, finding the right silver buyers to purchase your silver isn’t as easy as you might think. Here’s what you need to do to ensure that you’re working with the best buyers possible.
Research Your Items’ Values
Before you start looking for silver buyers to take your unwanted jewelry or collectibles off your hands, do a little research. Try to find out what your silver is worth before you bring it to a buyer.
If you’re selling scrap silver or jewelry, check the market value for the metal. This will give you a rough estimate of how much your silver is worth.
If you’re selling collectibles like coins, try to find out what similar items are going for. Keep in mind that the prices you’ll see for auction houses and online retailers are full retail value. The amount you’ll get when selling silver to a professional buyer may not be as high.
Decide Between Private Silver Buyers and Professionals
As stated above, you may be able to get a higher selling price for your silver collectibles if you sell to a private collector. This is because they’re out to build their collection and value the item for more than just the silver itself.
However, you’ll have to take the time to market your collection to attract the right type of buyer. This can take months and will end up keeping you from getting the money you need quickly.
Though you might end up getting slightly less from a professional buyer, you’ll spare yourself the headache and the frustration of trying to find a qualified buyer. Even better, you won’t have to pay to market your silver items.
Professional buyers will offer you a fair price based on current market rates and the condition of the items you’re selling.
Avoid Online Dealers at All Costs
The internet makes it much easier to buy and sell just about anything under the sun. Unfortunately, it also makes it much easier for scam artists and disreputable buyers to take advantage of you.
If you choose to work with a professional buyer, always look for local companies to buy your silver and collectibles. These buyers are part of the community and are more committed to providing quality service than their online counterparts.
Even better, you’ll be able to learn more about your collection when you meet with them and can network with those buyers for future transactions. Once you have a buyer you trust to offer fair prices, you’ll never have to worry about searching for a new company again.
Read Reviews From Previous Clients
Once you have a buyer in mind, take your time to do your due diligence. Research the reputation of the company in detail.
Ask for customer testimonials and references from their previous clients and follow up on those references. See what their clients have to say about their experiences. Reputable buyers will have a long history of happy clients.
It’s also worth researching the company’s reputation online. This will help you gauge what others think of their services and gives you a better idea of what you can expect.
If most of the reviews are positive, you’ll have a great experience selling silver to them. However, if most of the reviews are negative or mention the same problems over and over, you’ll be better off working with a different buyer.
Make Sure They Buy the Types of Silver You’re Selling
Unfortunately, some silver buyers only buy certain types of silver and collectibles. Before you bring your silver to the shop, make sure they’re willing to buy those items from you.
Call the shop and let them know what you’re bringing in. They’ll let you know if they’re in the market for that type of silver before you make the trip.
This way, you’ll spare yourself the hassle of having to drive to a location only to get turned away.
Keep in mind that the best silver buyers will happily take just about any type of silver you have on-hand. That said, it never hurts to call ahead.
Don’t Hesitate to Get Quotes From Different Companies
When you’re selling silver, you want to get the best price possible. Otherwise, you’d just hold onto your collection.
The easiest way to make sure you’re getting the best price is to shop around. Go to several silver buyers and get quotes from each company. Compare those quotes in detail and choose the buyer you’re most comfortable with.
While you’re there, pay attention to the way their buyers treat both you and your silver. The most trustworthy companies will value your products without taking them out of your sight and will give you the time you need to think their offer over.
If a company tries to pressure you into making a decision right then, keep looking.
Sell Your Silver to the Best Buyer Possible
Making the decision to sell your favorite collectible coins, jewelry, or silver can be difficult. However, if you need money quickly and don’t want to deal with the hassle of searching for qualified buyers on your own, selling to professional silver buyers is your best choice.
Keep these tips in mind and you’ll be able to find the best buyer for your collection every single time.
If you’re ready to find out what your silver is worth and get the cash you need quickly, don’t wait. Stop by one of our convenient locations and find out what your silver is worth today.