Learning the process involved with how to sell silver can help you earn extra cash. If you have an old silver jewelry collection that you do not want any more, you can choose to sell them. However, you have to be familiar with the right approaches involved with how to sell silver to avoid being scammed.

Separate the Silver

The first step is to separate your silvers into collectibles, coins, scrap, or sterling. This will help you figure out the different types of silver collections in your possession and the strategy to implement when selling each type. Most of the silvers are either collectible, rare coins or scrap silver. If you have more than one kind of silver in your collection, ensure you separate them and sell them differently.

Determine if the Silver is Plated or Sterling

Plated silvers are generally cheaper than sterling. To determine if your collection has sterling silvers, check the silver for identifiable marks. Labels such as sterling and .925 are a clear identification that the silver is sterling. If the silver is labelled silver-plate, EP, or EPNS, it simply means that it is a plated silver. Determining if your collection is made up of sterling or plated silvers will help you have a clear idea of the type of silver you are dealing with.

Keep the Silvers Unpolished

It is always tempting to polish your silvers before they can be sold. The idea that having a shiny silver will attract more money is however wrong. In fact, this can eventually decrease the value of your silvers. Therefore avoid using any polish on the silver. If you have to clean the silver, you can use a jewelry polishing cloth.

Research the Potential Value of the Silver

Selling your sliver with an idea of how much it is worth is always a better idea. This prevents any chances of falling victim to fraudsters. It also provides an excellent opportunity to enjoy more profits from your sales. You can use online variations in getting the approximate value for your silver at a small fee.

Seal the Deal

After a clear idea of how much your silver is worth, you can meet with your buyer and seal the deal. However, ensure you take your time and go through several appraisals. This will help you settle for the highest buyer, thus giving you the confidence and fulfillment of selling your silver. These are simply the right steps taken in ensuring a successful silver sell approach.