How to sell silver  — “near me” and online — for cash in 2022

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Silver is a naturally occurring white (or, well, silver) metal that is used to create jewelry, coins, and tableware or flatware. It’s also used extensively in electronics, due to its conductivity, and in pharmaceuticals, due to silver’s natural properties as an antibiotic.

What is the best way to sell silver?

Online silver buyers make it easy to get a quick quote for your 925 sterling silver jewelry, scrap, silverware, flatware or coins.

Top online silver buyers:

Silver prices are reaching record highs, much like gold. A reputable place to sell your 925 sterling silver jewelry, silver ring, silverware, coins and silver scrap is CashforSilverUSA; their family-run parent company has an A+ Better Business Bureau rating. CashforSilverUSA pays within 24 hours and guarantees the highest price, or will return your item with no questions, free of charge. 

How much is silver worth?

The current price of silver is hovering at record highs in 2022, following gold prices as global sanctions against Russia affect the metals' prices.

Silver prices have hovered at record highs this year. As of , the silver resale value in the United States was at $ per ounce, or $ per gram.

When demand is up, silver melt value goes up; when demand is down, silver is worth less.

Items that contain a large amount of silver will be worth much more than items that contain less silver. Silver that is stamped with the markings 950, 925, 900, 800, Sterling, or Coin all contain high amounts of silver and will be worth the most. Items marked Plate will be worth the least, as these items are not pure silver and only have a thin coat of silver on their outer layer.

An online buyer like CashforSilverUSA typically can offer a competitive price for our silver since they have lower overhead, higher volume and play in a more competitive market (the world, via the nternet) than a local jewelry store or metals buyer.

This video goes into more detail about how to value silver:

Value of silver today—check the price of silver

Silver prices have hovered at record highs this month. As of May 09, 2022, the silver resale value in the United States was at $22.46 per ounce, or $0.79 per gram.

Pricing silver today via a price for silver calculator

Do you currently own silver, whether in the form of jewelry, silverware, coins, or something else? So long as you know the weight (typically in ounces or grams) and the purity, you can use a silver price calculator that includes Kitco’s price for silver to determine the melt value of your silver:

online silver calculator

How to sell your silver in 3 easy steps

Just as you might sell gold or platinum, you can sell silver in a number of ways. The most common of these is to bring your silver to a local pawn shop, a silver exchange, a consignment shop, a local jeweler, or by using an online website. 

1. Check the markings on your silver to understand its quality.

Before selling your silver to anyone, though, it’s important that you understand the current going price for the metal so that you will not be ripped off. Typically, you’ll never get the exact spot price (the buyer needs to be able to make money reselling it, after all), but you can shop around to find the buyer who is willing to give you as much as possible for your metal.

Learn more about silver markings. Note that silver buyers typically only buy 925 sterling silver, not plated silver items. More on this below.

2. Check Kitco's silver price.

Kitco's exchanges provide a widely accepted market spot price for precious metals, including silver prices.

3. Seek a reputable buyer.

CashforSilverUSA is a reputable buyer and our top choice. Here’s why we recommend using an online silver buyer.

Ready to sell your silver?

How to sell silver flatware

You can sell your silver flatware by either bringing it to a pawn shop, silver exchange, or leveraging an online buyer. Each of these buyers will pay you based on the purity and weight of the silver that you are exchanging; the purer and heavier your items, the more you will receive.

Silver flatware is often 90% silver, though that percentage can vary substantially. Silver-plated flatware will contain much less silver.

Again, though, it is worth noting that antique or collectible items may hold more value due to their craftsmanship or history. An appraiser or antique shop may be able to offer you guidance on this worth and may even purchase the items from you.

Learn more about selling sterling silver flatware.

How and where to sell silver bullion

Silver bullion is typically 99.9% pure silver.

Silver bullion can be sold in the same places as silver jewelry, flatware, or coins. Pawn shops, silver exchanges, and online silver buyers like CashforSilverUSA will give you cash for your silver bullion. When you are looking where to sell silver and want to dealwith a local buyer, you can try these two searches: “sell silver near me” or “best place to sell silver near me:”

google-maps-usa-image

CashforSilverUSA recently paid $4,290 for these fine silver bars:

CashforSilverUSA recently paid $4,290 for these 999 fine silver bars.

How to sell silver coins

Silver coins can also be sold to pawn shops, silver exchanges, and online silver buyers, each of which will give you cash in exchange for your coins (based on the weight of the coin) and then proceed to melt them down. 

Most silver coins contain 90% silver. Learn more about selling your silver coins.

CashforSilverUSA recently paid $300 for these silver American Eagles:

American Eagle sterling silver coins for sale to a coin dealer or silver buyer.

This collection of Kennedy silver half dollar coins sold to CashforSilverUSA for $1,956:

Kennedy silver half dollars for sale.

How to sell 925 sterling silver

Sterling silver consists of 92.5% silver, with the remaining 7.5% coming from another metal or metals. With this in mind, virtually all venues that buy pure silver would also be interested in purchasing your sterling silver. This includes pawn shops, metal exchanges, and online silver buyers such as our recommended choice, CashforSilverUSA.

Learn more about the value of sterling silver.

How to sell silver jewelry

To sell your old silver jewelry, you should start by following the same steps that you would for selling any silver:

  1. Check your silver jewelry for markings and weigh your item to determine how much silver it contains.
  2. Check current silver prices.
  3. Find a reputable jewelry buyer.

Who you sell your silver jewelry to will depend on a few factors. If the jewelry is by a famous designer, is an antique, or is truly unique, then it might have value as a collector's item. In these cases, a jewelry store or antique dealer can help you understand the value of your item and may even be willing to purchase it from you directly.

If your silver jewelry is mass-produced or simply does not have value outside of the silver it contains, then you will want to find a silver buyer. While you can go to a pawn shop or metal exchange, online silver buyers tend to offer the best prices. Our recommendation is CashforSilverUSA, which regularly outbids its competition and pays quickly.

How to sell silver online to CashforSilverUSA

Selling your gold to CashforSilverUSA is straightforward:

  1. Visit CashforSilverUSA.com and fill out a form requesting a prepaid mailer be sent to you, 100% free. It arrives in 24 hours.
  2. Place your items inside the mailer and send it back to CashforSilverUSA — 100% free. You can have the mailer picked up at your door (opposed to taking it to the shipping center or Post Office).
  3. Your items will be appraised within 24 hours of receipt to determine the value of the gold, and you’ll be sent an offer.
  4. If you accept the offer, you’ll be paid by either check, bank wire, or directly through PayPal. Depending on which option you choose, you may be paid in as little as 24 hours after accepting the offer.
  5. If you don’t accept the offer, your item will be returned to you free of charge. 

Get a free estimate of your item with CashforSilverUSA's silver calculator. It is important to note that this is just an estimate, though, and not a final offer. The only way to get an accurate offer is to send your item in for appraisal. 

More on how CashforGold works:

Frequently asked questions about silver

What are silver markings?

Silver markings, called stamps or hallmarks are small marks left in silver objects by the silversmith who created the item. They are typically required by law for commercially sold silver goods. These marks indicate how much silver is in the metal (for example, 925 for sterling silver and 900 for coin silver). Sometimes, the markings may also indicate the region or country of origin.

Briefly, here is what you need to know about silver markings:

  • Brittania silver (stamped 950): Brittania silver is an alloy made of 95% silver, which is actually more than the requirement for sterling silver, and qualifies as sterling, even if Brittania silver is slightly softer than sterling pieces marked 925.
  • Sterling silver ( marked 925): Sterling is the standard for silver, and requires the metal be at least 92.5% silver mixed with copper (or another metal) for strength. Marks on these pieces include 925 or Sterling.
  • Coin silver (marked 900): Since it is only 90% silver, this coin silver alloy cannot be referenced as sterling. Items made from this alloy may include marks Coin, and Standard.
  • European silver (marked 800): A.K.A. “continental silver,” this is type of silver alloy may have marks including 800, 825, 830, or 850, indicating 80, 82.5, 83, and 85% silver content.
  • Silverplate: A silverplate marking is sometimes incorporated into a manufacturer’s mark, and indicates that the item was made by electroplating a base with a thin coating of silver. Sometimes items are marked “Quadruple Plate,” indicating four layers of silver were applied to the item over the base metal.

Frequently asked questions about the value of silver

Below are some frequently asked questions about silver that can help you better understand whether you can and should sell your silver.

How much does silver sell for? What is the melt value of silver?

As with platinum and other precious metals, the price of silver can fluctuate widely. This is due to the fact that silver has two primary uses: As both a store of value and as an industrial commodity. While silver often trades in line with gold, silver melt value can be sensitive to industrial demand, rising during times of economic prosperity and falling when consumer demand falls. 

What silver is worth money?

All silver is worth money, but that doesn't mean you'll get a lot of money for any silver item. The purer your silver, the more you'll get for it. The markings that your silver is stamped with will tell you how much silver it contains. The most valuable silver will be stamped with one of the following markings:

  • 950: 95% silver
  • 925: 92.5% silver
  • Sterling: 92.5% silver
  • 900: 90% silver
  • COIN: 90% silver
  • 800: 80% silver

Silver-plated items, on the other hand, do not contain a lot of silver and merely have a thin coat of metal on top. These items are commonly marked with the stamp “PLATE” and are not worth much money.

What are 90% silver coins worth?

  1. Weigh your coin (in grams).
  2. Multiply that weight by .9 (since only 90% of the weight is silver). This number is how much silver, in grams, your coin contains.
  3. Find the spot price for a gram of silver.
  4. Multiply the number from Step 2 by the number in Step 3 and you'll have the value of your silver coin.

Dimes, quarters, half dollars, and dollars minted in the US in 1964 or before will contain 90% silver by weight, with the remaining 10% coming from copper. These coins are also known as “constitutional silver” or “junk silver.” Those same coins minted later do not contain 90% silver.

That being said, if your silver coins are rare, old, or otherwise have value as a collector's item, your coin collection may be worth more than you would get simply by melting it down for its silver content. There are many numismatic (coin collecting) websites where you can search for the value of your coin to determine if it has any collector's value.

How much is silver bullion worth?

Silver bullion is silver that is in the form of either coins, bars, ingots, or rounds. Like all other silver, its value or price is determined by its weight. 

How much is silver worth per gram?

Silver prices have hovered at record highs this year. As of , the silver resale value in the United States was at $ per ounce, or $ per gram.

How much is silver worth per ounce?

Silver prices have hovered at record highs this month. As of , the silver resale value in the United States was at $ per ounce, or $ per gram.

How many grams are in an ounce of silver?

Silver is typically measured in something called a troy ounce, which is slightly heavier than a standard ounce (imperial ounce) used to measure a substance. This means that there are 31.10 grams of silver in a troy ounce, compared to 28.35 grams of silver in an imperial ounce.

Frequently asked questions about selling silver

Can you make money selling silver?

No matter the price of silver, you are almost guaranteed to always be able to find a buyer who will be interested in giving you cash for your metal. This means that yes, you can always make money by selling your silver — though the actual profits depend on how much you paid for your silver, and what the current market price is.

When should I sell my silver?

In choosing when to sell your silver, timing is everything. 

Silver prices rise when there is increased demand for the metal, either because investors are fleeing riskier investments (such as stocks) and seeking safer investments, or because consumers are purchasing more items that require silver components. Silver prices typically fall, on the other hand, when investors seek growth, or when consumers are purchasing fewer items made out of silver. 

To get the most money for your silver, you should sell it when demand, and prices, are at their highest.

That said, if you have silver jewelry or flatware that you do not use or enjoy, selling it now for cash is better than those items cluttering your drawers. Money in hand now can be used to pay bills, invest, or otherwise enjoy. 

How can I sell my silver?

Silver can be sold to a pawn shop or jeweler near you, a local gold or silver exchange or metals recycler, or a quality online jewelry or metals buyer. We recommend CashforSilverUSA.

What is the best way to sell silver?

Our No. 1 recommendation for selling silver is through CashforSilverUSA because of its A+ rating with the BBB and Trustpilot, proven high sales price and very good customer service, and payment within 24 hours of shipment. 

Get a free quote for your silver from CashforSilverUSA now >>

Bottom line: Is it a good time to sell silver in 2022?

Current events like the war in Ukraine, inflation, stock market instability and the pandemic mean that gold and silver prices are very strong — and are likely to stay that way, economists predict. If you need money now, or just want to clean your house of unused stuff, now is an excellent time to sell your silver coins, jewelry or flatware.

What is the best way to get cash for silver?

Online silver buyers make it easy to get a quick quote for your 925 sterling silver jewelry, scrap, silverware, flatware or coins.

How much is silver worth?

Items that contain a large amount of silver will be worth much more than items that contain less silver. Silver that is stamped with the markings 950, 925, 900, 800, Sterling, or Coin all contain high amounts of silver and will be worth the most. Items marked Plate will be worth the least, as these items are not pure silver and only have a thin coat of silver on their outer layer.

What are silver markings?

Silver markings, called stamps or hallmarks are small marks left in silver objects by the silversmith who created the item. They are typically required by law for commercially sold silver goods. These marks indicate how much silver is in the metal (for example, 925 for sterling silver and 900 for coin silver). Sometimes, the markings may also indicate the region or country of origin.

What silver is worth money?

All silver is worth money, but that doesn't mean you'll get a lot of money for any silver item. The purer your silver, the more you'll get for it.

How much does silver sell for?

While silver often trades in line with gold, silver melt value can be sensitive to industrial demand, rising during times of economic prosperity and falling when consumer demand falls.

Is 925 silver good quality?

Sterling 925 silver is in fact one of the highest-quality silvers you can find.

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Wealthysinglemommy.com founder Emma Johnson is an award-winning business journalist, activist, author and expert. A former Associated Press reporter and MSN Money columnist, Emma has appeared on CNBC, New York Times, Wall Street Journal, NPR, TIME, The Doctors, Elle, O, The Oprah Magazine. Winner of Parents magazine’s “Best of the Web” and a New York Observer “Most Eligible New Yorker," her #1 bestseller, The Kickass Single Mom (Penguin), was a New York Post Must Read. As an expert on divorce and gender, Emma presented at the United Nations Summit for Gender Equality and multiple state legislature hearings. More about Emma's credentials.

12 Comments

Have you actually dealt with them as a customer? They have terrible reviews online, I’m afraid to send my stuff to them.

“Silver prices are reaching record highs,…” Get a GRIP!!! Silver is nowhere CLOSE to record highs. In the 1970’s, back when you could actually buy things for a nickel or a dime, Silver was at $48.79. It is NOWHERE NEAR THAT now. This is deception for marketing, not accurate information provided for informed decision making.
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I have a service for 12 with numerous extra pieces of Old Master Towle silverware. I’m not sure what it’s worth and if it’s a good time to sell. It’s in excellent condition. I’d like advice on how to sell this, what the value of this silverware could be, and how to get the best price. Thank you

My mother left me silver bars when she passed. I don’t know where to begin to get top dollar for them or how long I should keep them.

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