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.
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.
“My favorite part about Luriya is honestly the e-books. They’re so informative and helpful when deciding where to sell gold. From detailing how gold is measured, to explaining the differences in karats, they do a great job explaining the process to customers.”
“When you go to sell jewelry, Luriya has the best payout offers in NYC. The jewelers know their stuff, no matter what you’re trying to sell.”
“For anyone looking to sell diamonds, Luriya is the place to go. They pay well, instruct you about their prices, and let you take your time to make a decision on a deal. Will be back.”