Here’s a simple Q&A to help you on your way. We’ve put together some of our clients’ most commonly asked questions and concerns and answered them right here on our page. We want you to have an easy selling experience, which is why we formed this page in the first place: to help sellers like you make fully informed decisions when you sell your silver jewelry. You deserve it.
Have a question that’s not answered on this page? Shoot us a message or give us a call - we’re happy to chat!
Looking to sell silver? Then you’re probably wondering where you should do it. It doesn’t matter if you’re looking to sell silver bars, scrap silver, silver coins, or silver jewelry; there’s a buyer out there for you. Generally, most people tend to sell silver through auctions, pawn shops, or private buyers. At Luriya, we recommend selling to a private buyer because they will offer you the largest cash payout. But no matter whom you choose to sell to, the best place to sell silver is to a buyer whom you trust. When you choose an honest and reputable buyer, you’ll be bound to have a successful sale. Want to know more? Keep on reading to find out.
Now that you know who buys silver, you may be wondering how to sell silver jewelry. The first step to selling silver is to learn about the silver items you have and learn about how best to sell them. Education is key! The more you know about what you have and the process of selling silver jewelry, the more successful your sale will be, and the less likely it is that you will get taken advantage of.
An appraisal is the next step. Take your silver to an experienced appraiser who will be able to tell you just what your silver is worth. This will be what informs that buyer when they make you an offer.
Fine silver is composed of 99.9% actual silver and is a very soft metal. Sterling silver, on the other hand, has some copper added to it in order to make it more durable. Fine silver is considered too soft to make anything with, so it is only used for bullion investments. Sterling silver is much more commonly found in jewelry and other goods, as it is much sturdier and will not be damaged as easily. Though sterling silver is more durable, it is also more susceptible to tarnishing because of the copper alloy added to it. Make sure to give your silver a good polishing it before selling it!
Before you sell silver, you will need an appraisal. During a silver appraisal, the appraiser will test, weigh, and measure your silver through a variety of different methods. The purity of the silver will be tested to determine how much of the item is genuine silver, or if it’s just silver plated. Don’t worry – none of the tests will harm your silver! You can also perform some at-home tests ahead of time to see what your silver is made of.
With the following tips in mind, you’re bound to earn a large cash payout when you sell silver!
1. Your silver should be tested right in front of you, where you can see it. Luriya never takes items to a back room.
2. Scales should be properly certified and calibrated. Luriya’s scales are certified by New York State to ensure accuracy.
3. Read reviews about your chosen buyer to see what other customers say. Reputation is important!