If someone would like to sell their silver, they may have a few options. In fact, there are many places where a person can sell silver such as coin shops, pawnshops, and an online bullion retailer to mention a few. But for anyone to get the best deal, they need to master a few negotiation tactics first in order to get top dollar. Here are a few tips that many will find useful.
Know the Value of Silver
Before anything else, it’s important to know the true value of a person’s silver items first. In this way, it would be much easier to agree to an offer that seems to be within the spot value of silver. First, a person should verify that their silver is authentic. Next, a person should check for purity hints that bear markings such as 95.7, which means 95.7% silver. Everyone can perform these tests with any silver authenticity test kit of their choice. Once a person has confirmed that their silver item is authentic, the next thing would be to determine the actual silver value.
This should be easy for US silver coins, as a person can always find a US coin calculator online. All they have to do is choose a coin or the number of coins they may have, and the calculator will give them the actual silver value. Scrap silver calculator should be used for silver items such as spoons, flatware, and so on. All a person has to do is enter the weight of their item, choose the purity level, and then press the “calculate” button. It’s that simple! Otherwise, once a person knows the real value of their silver item, it will be very difficult for them to get ripped off by other potential buyers.
Get Haggling
How to sell silver is just like selling any other item. However, in order to walk away with the best deal, learning a few negotiating tactics can come in handy in many ways than most people think. The first trick is to give the potential buyer the upper hand to make the first offer to see whether they might pay higher than what a person is expecting. Another trick people should try is to be willing to walk away. More often, this tactic usually forces a buyer to come up with a more attractive offer. Otherwise, everybody has the option to just walk away as they please.
Final Thoughts
Selling silver is not easy like most people think, but it can be a simple process if a person is well informed. Besides, learning how to sell silver is also a teachable skill meaning everybody can do it. Following any of the above tips will ensure that people always get top dollar for their silver every time.
