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5 silver bar buyers where you can sell silver

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If you’re considering cashing in silver bullion — that is, any piece of highly concentrated silver recognized as being 99.9% pure — now is an excellent time to do it. 

Silver bullion comes in the form of silver bars, coins, or rounds. 

As inflation, bank failures and debt ceiling debates send the stock market into tumult, metals have become a strong option for investors.

Silver prices have gone down and then up in recent weeks as employment, inflation, and interest rate predictions toy with investor sentiment.1

As of , the silver resale value in the United States was at $ per ounce, or $ per gram.

Keep reading for my personal recommendation and advice on how to sell silver bullion and silver bars:

Best silver bullion and silver bar buyer: CashforSilverUSA.com

CashforSilverUSA, sister site of CashforGoldUSA, is our top choice among silver bar buyers and silver bullion buyers because: 

  • A+ Better Business Bureau rating
  • Price match guarantee
  • Free shipping label and insurance up to $100,000
  • Payments within 24 hours after offer acceptance
  • 10% bonus if you send in silver within a week of receiving your mailer
  • Risk-free cancellation if you decline their offer (and they’ll pay to ship your items back to you immediately)

CashforSilverUSA accepts accepts all forms of silver, including: 

CashforSilverUSA will accept anything that contains solid sterling silver — even if it’s used or broken. They also accept gold, platinum, diamonds and gemstones.

Selling your silver bars and silver bullion to CashforSilverUSA works like this:

  1. Input your contact information and shipping address on their website.
  2. You’ll get a free FedEx shipping label to mail in your items that CashforSilverUSA insures for up to $100,000 for free.
  3. Items are appraised within 24 hours of receipt, at which point you will receive payment by check, Paypal, or bank wire (if your items are worth more than $25,000) if you approve their offer. If you reject their offer, your items will be sent back to you for free.

Get an offer from CashforSilverUSA on your silver bars or silver bullion today >>

Other silver bullion and silver bars buyers

There are many other online silver bullion and silver bars buyers. Here’s how they stack up against CashforSilverUSA.com: 

BBB ratingWhat they buyShipping/InsurancePayments
CashforSilverUSAA+Any silver, gold, platinum, or diamondsFree FedEx shipments insured up to $100,000 by Jeweler’s Mutual InsurancePayments within 24 hrs via PayPal or check; Bank wires for offers over $25,000
ApmexA+Bullion, numismatics, semi-numismatics, rare coins and currencyMust pay for your own shipping, though Apmex offers a discount through its partnership with UPS, with insurance up to  $60,000Payments processed by the end of the next business day via direct deposit, checks, or bank wire ($25 fee if under $10,000)
JM BullionA+Private and government-issued bullion coins and bars, plus collectible coins; minimum purchase amount of $1,000Must pay your own FedEx shipping costs; insurance coverage for loss up to $100,000 for Next-Day Airand $75,000 for 2-day shippingPayment in 1-3 business days after product authentication via direct deposit, bank wire ($25 fee) or check ($30 fee)
KitcoA+Silver, gold, platinum, palladium, rhodium coins and bars; they do not accept metal scrap from private sellers; $2000 minimum$35 flat rate for shipping; $6.50 per $1,000 worth of product for insurancePayments up to one week after delivery via check, bank wire (fees involved), in Kitco bullion products, or deposited into your Kitco account
Liberty Gold and SilverNot ratedAll forms of gold and silver jewelry, coins, and scrapPrepaid UPS return envelope insured up to $1,000; Reimbursesfull cost of USPS shipping for more valuable itemsCheck mailed within 24 hours or bank wire for a small fee

Selling silver bars: How do I sell silver bullion?

You can sell silver bars and silver bullion in a number of ways: 

Can you sell silver bars to a bank?

No, you can no longer sell silver bars to most banks. The price of silver changes daily, so silver is not considered legal tender.

President Nixon announced in 1971 that the United States would no longer exchange currency for gold or any other precious metal, formally abandoning the gold and silver standards that determined exchange rates for such transactions.

Are silver bars easy to sell?

Yes, it’s easy to sell silver bars to a local pawn shop or precious metals dealer. However, you likely won’t be paid as much as you would selling to a top online metals buyer like CashforSilverUSA. 

CashforSilverUSA has a quick and easy process for selling silver bars that includes free shipping and insurance up to $5,000. You just fill out the form on their site to get a free mailer, send in your silver bars for evaluation, and get paid instantly upon offer approval. 

Check out this episode of Pawn Stars where a man brought in 3,000-oz of silver bars:

Silver bar value

Silver bars are recognized as 99.9% pure and are therefore worth the spot price of silver.

As of , the silver resale value in the United States was at $ per ounce, or $ per gram.

How much is a silver coin worth?

Unless it is a rare collectible coin, a silver coin is worth the spot silver value of the silver it contains x its purity x its weight.

Silver bullion coins are made by government mints for sale to investors. These are not to be confused with silver bullion rounds, which can be printed with any design and are not produced by government mints. 

These are some common U.S. silver coins and their values based on the current price of silver (September 2023 pricing). The American Silver Eagle is 99.9% pure and the official silver bullion coin of the United States: 

American Silver Eagle99.9% pure1 troy oz$23.56
Morgan Dollars90% pure.7735 oz silver$18.58
Peace Dollars90% pure.7735 oz silver$18.58
Liberty Head (Barber) Half-Dollars90% pure.36169 oz silver$18.58
Walking Liberty Half-Dollars90% pure.36169 oz silver$8.60
Franklin Half-Dollars90% pure.36169 oz silver$8.60
1964 Kennedy Half-Dollars90% pure.36169 oz silver$8.60
Liberty Head (Barber) Quarters90% pure.18084 oz silver$4.34
Standing Liberty Quarters90% pure.18084 oz silver$4.34
Washington Quarters90% pure.18084 oz silver$4.34
Liberty Head (Barber) Dimes90% pure.072 oz silver$1.74
Winged Liberty Head (Mercury) Dimes90% pure.072 oz silver$1.74

If you think your silver coin may hold value as a collector’s item, check out our post on coins worth money and learn more about selling silver coins.

How much is a silver bar worth?

A silver bar is 99.9% pure silver and therefore worth the spot price of silver.

As of , the silver resale value in the United States was at $ per ounce, or $ per gram.

How much does a silver bar sell for?

A silver bar can be sold at or near the spot price of silver, depending on where you sell it. 

CashforSilverUSA offers an online calculator based on the current price of silver to help you determine the melt value of a silver bar.

CashforSilverUSA calculator

Bottom line: What is the best way to sell silver bars?

Based on my exhaustive research in the precious metals space, my top choice for selling silver bars is CashforSilverUSA because of its A+ BBB rating, price match guarantee, and free and insured shipping process, which is unrivaled by other online silver buyers. 

Get a 10% bonus from CashforSilverUSA today when you ship your items within 7 days >>


SOURCES

  1. “Gold prices end higher as dollar softens after data shows U.S. inflation easing,” by Isabel Wang and Joseph Adinolfi, Marketwatch July 29, 2023 https://www.marketwatch.com/story/gold-prices-pare-losses-after-bank-of-japan-loosens-grip-on-bond-yields-96637c75
How do I sell silver bullion?

You can sell silver bars and silver bullion in a number of ways, including: online metal buyers, auctions, and pawn shops.

Can you sell silver bars to a bank?

No, you can no longer sell silver bars to most banks.

How much is a silver coin worth?

Unless it is a rare collectible coin, a silver coin is worth the spot silver value of the silver it contains x its purity x its weight.

How much is a silver bar worth?

A silver bar is 99.9% pure silver and therefore worth the spot price of silver.

How much does a silver bar sell for?

A silver bar can be sold at or near the spot price of silver, depending on where you sell it.

Wealthysinglemommy.com founder Emma Johnson is an award-winning business journalist, activist, author and expert. A former Associated Press reporter and MSN Money columnist, and National Jeweler editor, 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. Her next book, The 50/50 Solution, is out March, 2024 with Sourcebooks. More about Emma's credentials.

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