Have you invested your money in silver bullions but now it is just cluttering up your cupboard? Don't worry, as you can achieve the dual purpose of se...
Have you invested your money in silver bullions but now it is just cluttering up your cupboard? Don't worry, as you can achieve the dual purpose of selling scrap silver and earning a good amount of money too. Now you are interested, right? A lot of people are choosing the option to sell silver bullions to jewelers. According to current news, silver prices have risen at a sharp rate. iShares Silver Trust (SLV) recently went upto 28.6 and after 2-3 days the value reached 28.11!
Now the question is what exactly can be classified as scrap silver? Any broken, old or dented silver jewelry is referred to as "scrap." This scrap is then "recycled" by a refinery and is made into coins, bars, and jewelry. Refineries are ready to pay a good sum in exchange for the ornaments, so make sure that you are up-to-date on the recent prices. If you posses this knowledge, you can definitely strike a lucrative deal.
However, as it is said everything has a good and a bad side. When you have decided to sell your old jewelry, keep these facts in mind:
Beware of people or advertisements that claim to pay you double the amount of your jewelry. These are exaggerated claims in the disguise of traps that have been designed to cheat people out of their money. No buyer will pay you double or triple the amount. In fact, the amount will always be less than the original market price.
Local jewelry shops should be avoided as they will offer around 40%-50% of the market price. The deal should ideally be 90% or above than the current rate.
Verify if you are dealing with an authentic concern. A lot of cases have been observed where people have shipped off their valuables and got cheated in the process. Their jewelry had disappeared without a trace!
There are quite a few websites that buy silver bullion and pay a good amount of cash to the seller. www.usgoldbuyers.com is a reputed firm that pays almost 90% of the present market rate, whereas most firms only pay about 60%-70%. Therefore, you can be sure that you are practically "striking gold" here! The selling process is also very easy. Firstly, you need to send them your ornaments for appraisal, which will be done at no extra charge. Once they have appraised your stock, a preliminary offer will be made. In case you accept, a check will be immediately dispatched to you. Even if you don't like their offer, the company will not charge you anything for re-sending the goods back to you. Ready to give them a call?
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