Can you sell silver privately?

You can sell your silver bars to a private buyer online or take them to a rare coin store and sell them there. You can also open a Gold Investment Account and invest in gold and silver. If you are looking for more information on gold IRA rollover reviews, you can find plenty of resources online. The advantage of a local coin store is that you can receive the money more quickly.

The downside is that they may not offer the best price since their expenses are higher. In addition, a small store may not be able to handle large repurchase orders. One of the quickest ways to sell silver bullion is to go to a local coin dealer. It's convenient and you won't have to wait for a check to arrive in the mail. In addition, coin store owners usually offer a decent price for the precious metals you sell. Since this is a face-to-face negotiation, you can try to negotiate the price with the dealer.

Do some research and make sure you know the current spot price of silver so you can get the best possible deal. On that specific day, even before I dared to enter that coin store with those 10 golden eagle coins to sell, I checked with my smartphone (A) what the current spot offer price of gold was and (B) what other high-volume online retailers were bidding on golden eagle coins at the time. On the contrary, costume jewelry contains many other items besides gold or silver (and in some cases none). Call the industry-leading professionals at First National Bullion when you need advice on investing in precious metals, such as silver, gold, platinum and palladium.

In fact, being a diligent, strategic, and knowledgeable buyer and seller can result in a much appreciated source of additional income. Gold and silver bars generally have a high resale value, especially ingots that have been kept in professional vaults.