When it comes to selling your silverware / flatware you have many options. It comes down to what your expectations are when it comes to selling silverware as well as how much time and effort you are willing to put in. Below, American Coins & Gold highlights their top 3 silverware selling methods:
Get The Most Money: To get the most for your silverware it will require a private buyer. In order to obtain a private you buyer you must sell to someone in your personal network, put an ad up online, or auction your silverware off. Finding the right private buyer / collector could end up paying you significantly. Although this option may allow you to secure the highest potential payout for your silver there are many drawbacks. Mainly time, effort, and risk. You will be putting the time and effort in by actively creating your offer and monitoring responses. If you decide to go the auction route you must consider the fees associated as well as the risk you take in possibly settling at a minimum selling price.
Spend The Least Effort: If your goal is to get cash in your hands as quick as possible with minimal effort, then your best bet is to head to your local pawn shop. They will pay you cash on the spot for your silverware items & sets. In addition, pawning your silver is a good option for those who only need a cash loan or someone who wants the option to buy their silverware back if they changed their mind. While this option is the easiest and can get you paid from a simple drive down the street, you should expect a much lower payout than what your items are actually worth.
Equal Balance Approach: If you are a rational person who wants to get the best deal for your silverware but are also realistic in what you expect in terms of payout, you should go the route of selling to your local silver buyer or jewelry dealer. The reason this silverware selling method is balanced is because an appraisal will be performed on your silver items. This is basically an evaluation that looks at a variety of factors that can influence your silvers value. After an appraisal is complete your local silverware dealer can offer you a fair price that will ensure you get a good deal in todays current market.
The choice is in your hands now. We wish you luck on all of your precious metal futures.