The rising price of silver has made it hard for many people to resist the idea of selling their family heirlooms. They are now looking at the sterling silver flatware in the dining room sideboard as an investment and not the proper table setting for Thanksgiving dinner. The digital kitchen scale has been used to carefully weigh each piece. Every morning the proud owner may be checking the price of silver. It’s value is now being watched as carefully as that of the 401k account. Once the price has reached a certain level, its off to find the perfect place to sell silver Los Angeles region.
The first thought might be the local jewelry store that has a large sign in the window asking for silver and gold jewelry. This might be the best place to get top dollar for your silver bracelets. However, if the jeweler doesn’t sell used or vintage jewelry, they are probably just buying it for scrap. They won’t take into consideration it’s resale value. If the jewelry owner knows that they have a special piece of antique silver jewelry, they should find a jewelry store that sells antique pieces and bring it there. A general antique store might also be a good option.
Household silver collections also contain many wedding and anniversary gifts. High-quality silver bowls, vases and candle sticks can all be sold at high prices depending upon their weight and purity. A pawn shop might be the fastest place to make cash to meet a critical payment deadline. No one should assume that every pawn shop or jewelry pays the same price. They are all trying maximize their return at the scrap-metal yard or in the showroom. It really does pay to call every pawn shop and ask their going rate for buying silver.
Auction houses can also be the perfect place to sell silver in Los Angeles area. This is especially true of the silver object was created by a well known silversmith or artist. Auction buyers will be evaluating the piece as an art object not as scrap metal. So a beautiful piece might do better there. Of course the silver seller can expect to pay about a 30 percent commission to the auction house. So deciding where to sell silver is a balance between the sure price of scrap metal and the value of as an art object.
