- Step 1: At the top of this screen is a Google ad window. Scroll to the right in that window and you should see a number of potential buyers. Gold buyers also buy silver. Also, look for ads from people who sell silver; most are also buyers. Google attempts to display ads from businesses near your location.
- Step 2: In the right column of this blog, enter "selling silver" in the Sterling Silver Web Search box and click the "Search" button. You might also add your city name to the search criteria.
- A new window will appear. Click on the ads you see at the top and on the right side of the new window.
- What price should I expect if I sell sterling for scrap?
The scrap buyer is in business to make a profit. My guess is that a scrap dealer might be expected to pay half the value of the silver. So, maybe we could sell our Chantilly place fork for around $10.00. How about a Chantilly teaspoon? Maybe we could get $5.00 or $6.00.
Now that we have set a more realistic expectation of a selling price, we can think about a potential buyer. I've not sold much sterling for scrap but I would start with jewelry stores, businesses that sell used sterling flatware and pawn shops.
I've seen listings on eBay for scrap sterling so that might be a place to start. http://www.craigslist.org/ has lots of ads posted by buyers of flatware, jewelry, etc. Now and then we receive a piece that has had an unfortunate encounter with a garbage disposal. In such cases, we have been successful selling them on eBay, clearly marked as "scrap".
Comments with other ideas are welcome.
Note Added 7/29/2009:
A blogger has added a comment regarding selling to silver refiners - please read it. The comment implies that you can get a better price for your scrap sterling by going directly to a refiner. We have verified this.
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