Silver prices broke above $26 on April 31 as the U.S. moves closer to a potential Fed rate cut in June, which will likely decrease the opportunity cost of holding non-yielding assets like silver. This means now may be a good time to cash in on any silver assets you have.
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:
- Silver bars
- Silver ingots
- Sterling silver jewelry
- Silver coins
- Silverware
- Sterling silver flatware
- Sterling silver tea sets
- Silver paint
- Silver sludge
- Silver epoxy
- Silver solder
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:
- Input your contact information and shipping address on their website.
- You’ll get a free FedEx shipping label to mail in your items that CashforSilverUSA insures for up to $100,000 for free.
- 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 rating | What they buy | Shipping/Insurance | Payments | |
| CashforSilverUSA | A+ | Any silver, gold, platinum, or diamonds | Free FedEx shipments insured up to $100,000 by Jeweler’s Mutual Insurance | Payments within 24 hrs via PayPal or check; Bank wires for offers over $25,000 |
| Apmex | A+ | Bullion, numismatics, semi-numismatics, rare coins and currency | Must pay for your own shipping, though Apmex offers a discount through its partnership with UPS, with insurance up to $60,000 | Payments processed by the end of the next business day via direct deposit, checks, or bank wire ($25 fee if under $10,000) |
| JM Bullion | A+ | Private and government-issued bullion coins and bars, plus collectible coins; minimum purchase amount of $1,000 | Must pay your own FedEx shipping costs; insurance coverage for loss up to $100,000 for Next-Day Airand $75,000 for 2-day shipping | Payment in 1-3 business days after product authentication via direct deposit, bank wire ($25 fee) or check ($30 fee) |
| Kitco | A+ | 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 insurance | Payments 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 Silver | Not rated | All forms of gold and silver jewelry, coins, and scrap | Prepaid UPS return envelope insured up to $1,000; Reimbursesfull cost of USPS shipping for more valuable items | Check 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:
- Online fine metals buyers like CashforSilverUSA
- Online auction sites
- Pawn shops
- Local fine metal dealers
- ebay
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 (April 2024 pricing). The American Silver Eagle is 99.9% pure and the official silver bullion coin of the United States:
| American Silver Eagle | 99.9% pure | 1 troy oz | $26.22 |
| Morgan Dollars | 90% pure | .7735 oz silver | $20.30 |
| Peace Dollars | 90% pure | .7735 oz silver | $20.30 |
| Liberty Head (Barber) Half-Dollars | 90% pure | .36169 oz silver | $20.30 |
| Walking Liberty Half-Dollars | 90% pure | .36169 oz silver | $9.49 |
| Franklin Half-Dollars | 90% pure | .36169 oz silver | $9.49 |
| 1964 Kennedy Half-Dollars | 90% pure | .36169 oz silver | $9.49 |
| Liberty Head (Barber) Quarters | 90% pure | .18084 oz silver | $4.75 |
| Standing Liberty Quarters | 90% pure | .18084 oz silver | $4.75 |
| Washington Quarters | 90% pure | .18084 oz silver | $4.75 |
| Liberty Head (Barber) Dimes | 90% pure | .072 oz silver | $1.89 |
| Winged Liberty Head (Mercury) Dimes | 90% pure | .072 oz silver | $1.89 |
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.
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
- “Silver Price Forecast – Silver Continues to Power Higher,” April 3, 2024. https://www.fxempire.com/forecasts/article/silver-price-forecast-silver-continues-to-power-higher-1420829
You can sell silver bars and silver bullion in a number of ways, including: online metal buyers, auctions, and pawn shops.
No, you can no longer sell silver bars to most banks.
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.
A silver bar is 99.9% pure silver and therefore worth the spot price of silver.
A silver bar can be sold at or near the spot price of silver, depending on where you sell it.
Cash for silver aka cash for gold, will not give anywhere near value. I sent them over $1000 worth of silver coins and they offered me $274. The silver weighed at almost 1500 with of silver and that is being conservative and figuring they would offer rock bottom but their offer was a f*ing insult.