Some Things to Remember When Selling Silver Flatware
So you were rummaging through your silverware drawer, trying to find a fork to indulge in your late night snack, when you noticed that some of your silverware looks more… silver than the rest. You start wondering if maybe, just maybe that more silvery silverware is real silver… so, you take it into a jeweller to have it looked at and sure enough, it’s real silver.
Silver’s worth a lot of money, right? Well, although it’s not worth nearly as much as gold, silver still fetches a pretty penny per ounce. And when you take into consideration that a single fork weighs several ounces, well… you could be looking at several hundred or even thousands of dollars by simply selling silver flatware.
The only problem is you don’t just want to hand your silver flatware over to just anyone. You’re aware that there are tons of gold and silver buyers out there nowadays hounding to get you to sell them your gold and silver – but at what price? The guys on TV want you to mail your gold away in an envelope and just trust them to send you whatever it’s worth in money back. I don’t know about you, but I don’t know if I can trust some guy on TV with my gold when it’s approaching $2,000 an ounce.
Even though silver is much cheaper, and thus you have much less at risk, you still don’t want to walk into any old pawn shop and hope the schmoe inside is nice enough to give you what it’s actually worth. You know these guys have to turn a profit and so they’re gonna lowball you big time, especially since they know that you more than likely haven’t done any research and don’t know what you have.
100 oz of silver, huh? I’ll give ya 200 bucks.
“$200 bucks? For some silverware! Hand it over!” At least that’s what most people would say. But not you – no, you’re aware that silver is over $30 an ounce currently and that what you have is worth over $3,000. You aren’t going to settle for a ridiculous amount like $200.
How do you find a person that’s going to give you the best price you can get? Well, in reality your very best bet would be to find someone who’s looking to invest in silver anyway. That is, not someone who’s looking to buy your silver and then resell it (at least not right now). People pay market price for silver all the time since investing in gold and silver is considered safer than holding onto currency, so if you could find people like this and undercut the market price a bit, I think it’s safe to say they’d definitely be interested in what you have to offer.
The only obstacle here is that you’re going to need to prove the purity of the silver flatware that you have, otherwise there’s no way people will be interested. No one wants to lay down thousands of dollars for something that “might be” silver – they need definite proof in the form of a certificate issued by a trusted jeweler or specialist. Fortunately for you, these are relatively easy to obtain and don’t cost that much, especially compared to the amount you will get when you sell the silver itself.
But if you don’t think that selling silver flatware is worth going to all this trouble, well then, there are always the pawn shops and slimy guys on TV who will “take that old useless silver flatware” off your hands!