The United States is the number one country when it comes to precious metal investments. No nation owns more gold and silver than the US. And we don’t only mean the governmental managed gold reserves because the average US household owns gold and silver as well. Plenty of it. In unstable times, people trust gold and silver more to protect savings while in times economy is doing fine, people dent to sell their inventory again to put money in hosing, cars or even for holiday.
It’s irrelevant if you own one silver bar or hundreds of bars. What you want is getting paid the highest possible price. Many people with little knowledge ask “how much is a silver bar worth” and find the answer online
.999 FINE SILVER BAR = WORTH THE CURRENT SILVER PRICE
But can you get paid 100% of the real silver value? The answer is NO but you should get paid very close to 100%. We usually recommend not selling for less than 95% of the current silver value what is a good price. But from our prospective it’s not easy to find a buyer who is willing to pay you such a high price expect you know where to go.
To make a short story short: those places are usually not a serious option to sell silver bars for a high price. We can only assume why most local buyers offer bad prices for silver bars:
We want to mention that reliable selling exceptions in local communities are existing. Some local dealers are doing a great job and they pay very high prices for silver bars but it’s like searching for a needle in a haystack to find them.
We like two companies best when it comes to sell silver bars: reDollar.com and APMEX.com – two companies offering extremely high prices for your silver bars accompanied by honest business philosophies. The good thing about selling online is that there is no limitation in the geographical markets you are able to access. You could sell silver bars to New York based companies as well as to companies in Alaska or even Hawaii.
Silver theme bars also called art bars can be worth more than the silver price or even less. It depends on the manufacturer, the design, the quality, the age and the quantity in circulation. If you are lucky and you own a very popular silver art bar, you can even get paid twice as much as for a normal silver bar.
But owning silver theme bars can be disadvantaging as well. If you have unpopular silver art bars up for selling, you can probably get paid less than the silver value because your art bars undergo melting due to very limited demand. Some silver buyers will ask for additional deductions as well what will result in reduced proceeds.
It depends on the damage-grade if your silver bars can still sell for a very high price. If there are just some minor scratches or here or there a rim nick, your silver bars probably are tradable and qualify for a very high purchase price. Silver bars showing major damages probably sell only for the scrap silver value what is usually about 5% or 10% less than for undamaged merchandise. Some companies advertise to even pay the bullion value for damaged silver bars. We have seen reDollar.com offering such deals. Get informed before you make a final selling decision.