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Happy to sell silverHave you ever thought it would be tough to gather up all of your silver and sell it? There’s a certain sentimental attachment to our special belongings, especially jewelry. In today’s tough economy though, many of us cannot afford to be overly sentimental or we risk losing just about everything. These days, finding places to sell your silver or gold items are cropping up everywhere. How do you know if you can trust them to give you the best prices for that precious family heirloom? Below are five tips to make sure you’re smiling from ear to ear when you sell silver.

First things first, do your homework

Make sure that the gold or silver seller your going to is reputable. If you’re looking around online, the easiest way to do this is to see if the company has a blog. It helps if they list testimonials on their site as well. This can tell you what other customers thought of their buying or selling experience. Other online sources, like Angie’s list and the Better Business Bureau can also give you insight into how reputable and reliable a company is.

Knowledge is Power

In addition to doing a mini-background check on the company, use the following list to make sure you know what you need to know before selling:

  • Know the current price of silver. Knowing the current price of silver will give you a leg up. That way you’ll know if you’re being undersold.
  • Ask if the company offers the chance to decline their offer for your items. If the company will not give you the chance to decline their offer, walk away. That should be a red flag that you’re dealing with some potentially untrustworthy people.
  • Understand the fine print. Are the terms and conditions easily understandable? You should read any contract before signing, and read it twice when it deals with money. Make sure you understand exactly what’s being required of you and the company you’re dealing with.
The great thing about all of the gold and silver buyers cropping up, is that you have options. If you don’t like what one has to say or feel that they are pressuring you, move on and find one you’re comfortable with. Plus, if you follow my recommendations in the above list, you’ll be well on your way to knowing that your making the right choice in selling your silver items.
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The Gold Standard